Economy
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PHOTO NEWS: Dangote Industries directors visit President Buhari
President Muhammadu Buhari on Friday, received Board of Directors of Dangote Industries who paid him a courtesy visit at the State House. In the entourage were President/CEO Alhaji Aliko Dangote, Group Managing Director, Mr. Olakunle Alake, Director Alhaji Abdul Dantata among others.
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Equities market gains N46bn to maintain positive trend
Bullish sentiments persisted in the domestic equities market of the Nigerian Exchange Limited (NGX) on Thursday with a gain of N46 billion, as investors took positions in Eterna Plc and 28 others. The All Share Index (ASI) rose by 85.15 points or 0.18 per cent to close at 48,223.86 points, while the overall market capitalisation value gained N46 billion to…
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New Google Equiano Sea Cable will generate 1.6m jobs, $10bn GDP for Nigeria, says Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu says the new Google Equiano Sea Cable in Nigeria will generate 1.6 million jobs and boost the country’s Gross Domestic Product (GDP) by an additional $10billion within the next three years. Sanwo-Olu was speaking at the virtual landing of the cable at the Open Access Data Centre at Lekki in Lagos on Thursday. The governor…
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Minor fire guts CBN office
There was a fire incident at the Makurdi branch of the Central Bank of Nigeria (CBN) in Benue State. A portion of the bank went in flames in the early hours of Thursday. Eyewitnesses said that they noticed the fire at the back of the bank which is located in the Old GRA area, Makurdi, Benue State capital. “It was…
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Nigeria operates free market, we can’t regulate price, says FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) says regulation of goods in the market does not lie within its purview as an agency. In a statement issued in Abuja, FCCPC’s Executive Vice Chairman, Babatunde Irukera said it was difficult for the commission to regulate prices because the nation operates in a free market. He however said they have from…
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Lagos committed to transformation of Lekki corridor, industrial hubs – Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, says his administration is committed to the rapid transformation of the Lekki corridor and other industrial hubs in the State. The governor made the statement while performing the groundbreaking ceremony of the $250m Kasi Cloud Data Centre at Leisure Land by Theme Park Site along Maiyegun- Lekki Beach Road, Lekki Peninsula II on Tuesday. According…
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Ogun IRS generates N11bn IGR in first quarter of 2022
By Kolawole Olayinka, Abeokuta Ogun State Internal Revenue Service (IRS) says it generated N11.804billion as revenue into the state government coffers between January and March this year, representing 83.86% of the N14.076billion expected revenue for the period under review. IRS Chairman, Mr. Olugbenga Olaleye, disclosed this while presenting the agency’s 2022 budget performance for the first quarter before members of the…
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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…
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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…
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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…
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