World Bank lists Nigeria among countries with ‘high food security concern’ The World Bank has retained Nigeria alongside Afghanistan, Somalia, South Sudan and Yemeh as hotspots of global food security concerns, raising a red flag on the governments’ capacity to weather the storm. It is not the first time Nigeria[Read More…]
Polaris Bank Partners Goge Africa to take Customers on a Caribbean Cruise Polaris Bank has announced an exciting and available opportunity for its customers and prospects seeking a remarkable intercontinental holiday experience tagged: Cruise the Caribbean with Polaris Holiday Loan. The Bank said it was thrilled to[Read More…]
Gold export hits N78bn, highest on record Africa’s biggest economy has exported gold worth N78.9 billion within the last 15 months, a first-time trend in Nigeria’s export economy. Findings by BusinessDay showed Nigeria is gradually tapping from a cash-spinning mining sector that has remained largely under-utilised since the crude oil[Read More…]
Zenith Bank Plc has launched the third season of its hugely successful “Zenith Beta Life Promo” to reward its customers with gifts from June 1, 2023, to May 31, 2024. Within this period, twenty bank customers of Zenith Bank will be chosen through a bimonthly raffle draw, each receiving[Read More…]
…takes trade expo to Houston, Texas, USA in October 2023 Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has announced plans to host the second edition of the[Read More…]
Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) as well as the Non-OPEC members have agreed to cut production volumes to ensure global oil market stability. The agreement was reached at the 35th Joint Ministerial Monitoring Committee (JMMC) meeting of OPEC held in Vienna, Austria on[Read More…]
BUA Cement Plc has acquired a monumental $500 million financing package from the International Finance Corporation (IFC) to help facilitate its part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs. This partnership marks the largest-ever investment by IFC in northern[Read More…]
Nigerian Breweries Plc has concluded plans to acquire 80% stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry. According to a notification to the Nigerian Exchange Limited, NGX, and signed by the[Read More…]
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of the FGN expanded in February, due to a drop in the retained revenue.[Read More…]
International airlines eye $803bn revenue, 4.5 billion passengers The International Air Transport Association announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. According to the Director-General, IATA, Willie Walsh, airline industry net profits are expected to reach $9.8bn in 2023. This represents over[Read More…]
