Investment experts at Bancorp Securities Limited, one of investment analysis and consulting firms in Nigeria, have forecasted mixed stocks’ performance in the Nigerian Exchange this last week of 2023 financial year as the market would adjust to positive sentiments of the broader economy. The experts, in the firm’s ‘Weekly Stock Recommendation Dec 27 – Dec […]
Author: brtnews
W/Bank Forecasts Nigeria’s Diaspora Remittances To Exceed $20Bn In 2023
The World Bank has projected Diaspora remittances into Nigeria to exceed $20 billion and estimated total remittances into the Sub-Saharan Africa (SSA) region to grow by 1.9% at the end of this year. The Bretton Woods institution, in its latest ‘Migration and Development Brief’, predicted that the global remittance flows would continue to grow in […]
CBN Assures Depositors On Safety Of Their Funds
The Central Bank of Nigeria (CBN) late Tuesday stated that it had observed reports in certain media platforms about a purported recommendation by it for the Federal Government to take over some CBN-supervised financial institutions, describing the reports as false. The apex bank, in a statement issued by its Acting Director Corporate Communications, Mrs. Hakama […]
Ogun Labour Unions Laud Gov Abiodun On Christmas Package
The Trade Union Congress (TUC) and the Academic Staff Union of Secondary Schools of Nigeria (ASUSS) Ogun State chapter have commended Governor Dapo Abiodun for the Christmas bonus paid to public servants in the state. The two unions, in separate letters of appreciation, signed by the state’s TUC Chairman, Akeem Lasisi, and Comrades Felix Oluwaseun […]
Abacha Loot: CISLAC, TI Task France, Nigeria On Assets Recovery Laws
The Civil Society Legislative Advocacy Centre (CISLAC), and Transparency International (TI), France chapter, have urged the French Government and the Federal Government of Nigeria to uphold assets recovery laws with a view to facilitating timely of the $150 million looted by erstwhile Nigerian Head of State, Late Gen. Sani Abacha, from France. A statement co-signed […]
Cooking Gas Price Up 6.13% In November Y-o-Y
…..As Kerosene’s Surges 18.78% The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 5.82% on a month-on-month basis from N4,562.51 recorded in October 2023 to N4,828.18 in November 2023, the National Bureau of Statistics (NBS) has reported The statistics agency, in its ‘Liquefied Petroleum Gas (Cooking Gas) […]
Emefiele Operated 593 US, UK, China Accounts – CBN Investigator
The immediate past Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been accused of illegally lodging billions of Naira into 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee. The Special Investigator on the […]
Lagos, Ogun Top Nigeria’s Economically Viable States’ Chart
Apart from Lagos, Nigeria’s economic capital, Ogun State is Nigeria’s most economically viable state, a report by Economic Confidential, a subsidiary of PR Nigeria, has indicated. Pointing to Ogun State’s status as Nigeria’s topmost investment destination after Lagos, the report showed that the Dapo Abiodun-led Ogun State outperformed Rivers State, which joined Lagos and Ogun […]
E-Waste: Maida Canvasses Deliberate Measures To Tackle Menace
The Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has canvassed stakeholders’ conscious measures to mitigate the menace of electronic waste (E-waste) being generated by the use of Information and Communications Technology (ICT) tools in the country. Maida made this call at the 2023 ITREALMS […]
Oil Leakage: NCDMB Commissions Tech Detection Device, Facility
The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facility at Idu, Abuja, in furtherance of its sustained efforts to tackle the growing oil leakages and thefts in the hydrocarbon resources industry in the country. In his remarks at the ceremony, the Minister […]