Banking Economy News Extra Investments/Capital Market Latest News Planning & Economic Development

NGX, BOI Partner On Capital Market’s Inclusive Growth Drive

The Nigerian Exchange Limited (“NGX”) and Bank of Industry (“BOI”) have signed a Memorandum of Understanding (MoU) to deepen the nation’s capital market penetration, build the capacity of stakeholders through financial literacy programmes, and facilitate market advocacy initiatives and promote listings, amongst other benefits to the economy. The sealing of the pact was done by […]

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Fitch Upgrades Fidelity Bank’s IDR From ‘B-’ to ‘B’

Fitch Ratings, one of the leading global rating agencies, has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. Fitch also upgraded the bank’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to the rating agency, the upgrade is a result of the Bank’s improving business […]

Agriculture & Agribusiness Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy

EU To Partner FG On Investments In Infrastructure, Insecurity Agenda

The European Union (EU) Ambassador to Nigeria and Economic Community of West African States (ECOWAS), Ms Samuela Isopi, has promised to collaborate with the Federal Government in its ongoing efforts to bridge the nation’s infrastructure gap and  tackling the  insecurity challenges. Isopi, who gave this hint during a chat with business editors in Lagos, noted […]

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NDIC Seeks Stronger Ties With ICPC On NACS’ Implementation

The Nigeria Deposit Insurance Corporation (NDIC) has advocated the need for stronger collaboration between it and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on the implementation of the National Anti-Corruption Strategy (NACS) in the corporation. The corporation’s Chairman, Mrs. Ronke Sokefun, was quoted in a statement by the Director, Communication and Public […]

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NBS Seeks Stakeholders’ Collaboration On NASC Survey

The National Bureau of Statistics (NBS), on Tuesday urged Nigerians and other stakeholders to support its ongoing National Agricultural Sample Census (NASC) aimed at producing a credible statistical data on agricultural and other critical socio-economic activities in the country. According to the Bureau, the survey, which is organized in collaboration with the Federal Ministry of […]

Economy News Extra Latest News Planning & Economic Development Power/Electricity

IBEDC Urges Customers On Prompt Payment Of Bills

Ibadan Electricity Distribution Company (IBEDC) has appealed to customers in its franchise area with outstanding bills to pay in order to avoid disruption in their power supply due to the ongoing mass disconnection exercise. A statement signed by the company’s Chief Operating Officer (COO), Engr. John Ayodele, indicated that the company had commenced mass disconnection […]

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Customs Seizes Contrabands Worth N1.29Bn In Ogun, Environs

The Nigeria Customs Service (NCS), Ogun 1 Area Command, reported that it seized contrabands worth N1.3 billion from May to June this year in Ogun State and its environs. The Area Comptroller, Bamidele Makinde, gave this hin on Monday during a press briefing on major highlights of the Command’s operations during the two-month period, in […]

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Consumers Paid 88.11% More For Kerosene, Cooking Gas In May – NBS

…as kerosene price rose by 86.9% YoY, cooking gas up 89.3% The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s national statistical system, has reported that on the aggregate, consumers pay 88.11 percent more for kerosene and cooking gas year-on-year in May this year The agency, in its just published report titled ‘National […]

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FG Reiterates Commitment To Bridge Nation’s Infrastructure Gap

The Federal Government has restated its commitment to the development of infrastructure through Public Private Partnerships (PPP) in order to bridge  the huge gap in the nation’s infrastructure base and by so doing, alleviate the challenges facing stakeholders in their strive to boost the country’s Gross Domestic Product (GDP). The Acting Director General, Infrastructure Concession […]

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Nigeria’s AFEX Expands Operations To Kenya With $1Mn Loan Package

Nigeria’s commodities exchange, AFEX, has expanded its operations to Kenya, following a successful pilot phase in the East African country. To support the expansion initiative with funding, AFEX Fair Trade Limited (AFTL), has launched a $1 million loan programme that will allow farmers to gain access to seed and fertilizer for their crops and by […]