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 […]
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 […]
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 […]
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 […]
…..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) […]
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 […]
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 […]
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 […]
With the removal of fuel subsidy last June by the President Tinubu’s administration, travellers in the country have been paying higher fares for all modes of transportation, with the average intercity transport fare per drop surging by 61.27% last November for road travels. The National Bureau of Statistics, in its ‘Transport Fare Watch (November 2023)’ […]
…Provides Digital Feedback Box For Complaints Apparently worried about growing complaints by bank customers over inability to withdraw cash to meet their needs over the past few weeks, the Central Bank of Nigeria (CBN) on Thursday cautioned banks and Point of Sale (PoS) operators nationwide to immediately ease cash withdrawals to depositors. The apex bank, […]