Economy
-
NGX regulation, NGX announce Climate Awareness Initiative
Nigerian Exchange Limited (NGX) and NGX Regulation (NGX RegCo), in collaboration with UN Sustainable Stock Exchanges (SSE) Initiative, International Finance Corporation (IFC) and Carbon Disclosure Project (CDP), hosted the first in a 2-part training series on climate disclosure as part of the NGX Regulation Climate Awareness Initiative on Tuesday. The free Climate Disclosure Training Programme, which is certified by the…
Read More » -
GTBank, Zenith Bank, Access Bank, UBA subsidiaries in Ghana generate N107.68bn profit in 2021
The subsidiaries of Guaranty Trust bank Plc (GTBank), Zenith Bank Plc, United Bank for Africa Plc (UBA) and Access Bank in Ghana reported N107.68billion profit before tax in 2021, an increase of 11.4 per cent reported from N96.7billion in 2020. Westernpost gathered that Zenith Bank was the only bank with a decline in profit before tax, while Access Bank Ghana…
Read More » -
APCON set to sanction Sterling Bank over offensive Easter ad
Advertising Practitioners Council of Nigeria (APCON) is set to sanction Sterling Bank over its “offensive” Easter advert. WesternPost had reported how the bank suffered backlash on Sunday after its ‘Like Agege Bread, He Rose’ Easter message. Nigerians who took to the social media, accused the bank of being insensitive. In a statement on Monday, APCON Registrar, Dr. Olalekan Fadolapo said…
Read More » -
Backlash greets Sterling Bank’s ‘Like Agege Bread, He Rose’ Easter message
Sterling Banks Easter message to its customers has continued to receive backlash across social media over the bank’s comparison on the resurrection of Jesus with Agege bread. In a message to its customers Sunday morning, Sterling Bank wrote “Like Agege Bread, He Rose”. Agege bread, is a popular bread in Nigeria, known for its soft, stretchy and chewy texture. People…
Read More » -
Total, 11 others in trouble over expatriate quota racketeering
The Federal Government says a total of 12 companies are being investigated for allegedly abusing the Expatriate Quota Positions (EQP) in the country. The government accused the firms of engaging in EQP racketeering and violation of extant policies, rules and regulations on EQP. The companies according to the Federal Government are Indorama Eleme Petrochemical Limited, International Business Machines West Africa,…
Read More » -
EX-NPA MD, Hadiza Bala Usman Attacked For Asking For Chibok Girls’ Release
Hadiza Bala, sacked managing director of Nigerian Ports Authority (NPA) has continued to come under intense criticism for her statement lamenting the ongoing insecurity crises in Nigeria, THE WITNESS reports. Hadiza spoke in the context of the commemoration of eight years after the Chibok girls were abducted in Borno State by Boko Haram terrorists. The former NPA chief was suspended…
Read More » -
Kwara, Osun, Ogun record slowest rise in inflation rate, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that Kwara, Osun and Ogun states recorded the slowest rise in all items inflation rate in March 2022. The report stated that Cross River and Kogi states recorded the highest all items inflation rate in the month under review. The bureau said: “In March 2022, All Items Inflation on year-on-year basis…
Read More » -
FDI: Ogun signs $400m MoU on Olokola FTZ, Agro processing zone
By Kolawole Olayinka, Abeokuta Ogun State government has signed a $400million Memorandum of Understanding (MoU) with a foreign firm, Arise Integrated Industrial Platform, on the development of Olokola Free Trade Zone and Remo Agro Processing Zone. The state governor, Dapo Abiodun, signed this MoU with the Founder and Chief Executive Officer of Arise Integrated Industrial Platform, Gagan Gupta, on Friday,…
Read More » -
Inflation rate increases to 15.92% in March, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that the Consumer Price Index, (CPI) which measures inflation rate increased to 15.92 per cent on year-on-year basis. According to the bureau, the increase is 2.25 per cent points lower compared to 18.17 per cent, the rate recorded in March 2021. The report explained that the headline inflation rate slowed down…
Read More » -
NGX launches West Africa’s first Exchange Traded derivatives market
Nigerian Exchange Limited (NGX) on Thursday announced the launch of West Africa’s first Exchange Traded Derivatives (ETD) Market with Equity Index Futures Contracts on 14 April, 2022. This is consistent with the Exchange’s commitment to develop the Nigerian capital market by providing a market that thrives on innovation and responds to the needs of stakeholders in accessing and using capital.…
Read More »
