FG acquires $500m World Bank loan to enhance power distribution The Bureau of Public Enterprises (BPE) says the federal government has secured a $500m World Bank loan to boost electricity distribution in the country. The Bureau of Public Enterprise (BPE) announced the World Bank loan in a statement[Read More…]
Tax reform committee proposes N800/$ as customs import duty rate The presidential committee on fiscal policy and tax reforms says it has asked the federal government to adopt an exchange rate of N800 per dollar for customs import duty. Taiwo Oyedele, chairman of the committee, spoke on Thursday while engaging[Read More…]
Union Bank Commemorates International Children’s Day with Barnyard Children’s Fiesta Union Bank of Nigeria, as part of activities marking this year’s celebration of International Children’s Day and further to the financial institution’s support for the growth of the Nigerian child, recently hosted kids to a special[Read More…]
LASG partners with Dutch Firm to Construct High-Efficiency Waste-to-Energy Plant Lagos-state government has formalised a partnership with a Dutch firm, Harvest Waste Consortium, to construct a high-efficiency Waste-to-Energy plant on Epe landfill. Governor Babajide Sanwo-Olu said on Monday that the government would utilise the advanced[Read More…]
Fidelity Bank gets Highest Corporate Governance Rating on Stock Market Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices. Fidelity Bank is awarded CG+, the highest rank under the[Read More…]
Rising Stars Shine at Ecobank’s National Schools Team Chess Championship …Unilag, Daysprings School, Marvelvine Montessori School Top List; Cart Away Millions in Prize Monies University of Lagos (UNILAG), DaySpring School, Lagos and Marvelvine Montessori School, also in Lagos, have emerged winners in the[Read More…]
Brand Africa reveals top 100 most admired brands, highlights continent’s loyalty challenge Despite 64% of Africans expressing confidence in the continent, they remain loyal to brands outside of the continent, says Brand Africa in its latest Africa 100: Africa’s Best Brands research and rankings. The report also revealed[Read More…]
Shareholders Throw Weight behind Fidelity Bank’s Recapitalisation Plan …Investors delighted with bank’s impressive performance Shareholders have expressed readiness to massively support and mobilise for the ongoing recapitalisation of Fidelity Bank Plc amid commendations for the impressive performance of the bank over the years. Shareholders were[Read More…]
CBN sacks 200 workers amid hardship The Central Bank of Nigeria has reportedly sacked 200 of its workers amidst the prevailing economic hardship faced by Nigerians. A senior member of staff who preferred anonymity at the Apex bank, confirmed this development to the press on Friday night. “Over 200[Read More…]
Nigeria’s GDP growth drops to 2.98% in Q1 2024, says NBS The National Bureau of Statistics (NBS) on Friday said Nigeria’s Gross Domestic Product (GDP) declined by 2.98 percent in the first quarter (Q1) of 2024. In its latest report, the bureau put the nation’s[Read More…]
