Truth Is Treasure
Fidelity Bank Plc. on Sunday announced the appointment of Mr Mustafa Chike-Obi as the Chairman of the bank. Chike-Obi, who is currently Executive Vice Chairman at Alpha African Advisory, has over 40 years of experience in investment banking and the financial services sector. In a statement in Lagos, Fidelity Bank said that
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By Mathew Dadiya, Abuja The Nigerian National Petroleum Corporation (NNPC) yesterday, announced new appointments and redeployments in the Corporation. The exercise, the Corporation said was part of ongoing efforts to strengthen and reposition the nation’s oil company for greater efficiency, transparency and profitability in line with the Next Level Agenda of President
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By Mathew Dadiya, Abuja Nigeria’s debt stock has increased sharply as the public debt now stands at $79.5 billion (N28.63 trillion) as of the first quarter of 2020. The figure represents a 15 per cent increase from the figure that was recorded in the corresponding period in 2019, which was about $69.09
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By Orkula Shaagee, Abuja The Nigeria Labour Congress (NLC), yesterday urged the Federal Government to revert to the old pump price of N121 for the Premium Motor Spirit (PMS), also known as petrol. NLC President, Mr Ayuba Wabba, who made the call in a statement yesterday in Abuja, said that the NLC
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From Haruna Aliyu Usman, Birnin Kebbi The State Program Officer (SPO) of the Kebbi State International Fund for Agricultural Development (IFAD), Malam Bala Muhammad has said that the state field office in Birnin Kebbi has established 17 farmers’ field and business schools in the 10 IFAD focused local councils. According to him,
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By Mathew Dadiya, Abuja The World Bank in its latest Regional Economic Outlook for Sub-Saharan Africa, projected that the region may face sharpest economic decline since 1970’s experience.The report which was released on Thursday, showed that Real GDP is now forecast to contract by 3.2 percent, double the contraction predicted in
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By Mathew Dadiya, Abuja Despite the drop in the price of gas, Nigeria said it planned to keep its liquefied natural supply at current levels which is contrary to what exporters from the U.S. to Australia are doing. According to ship-tracking data compiled by Bloomberg, Nigeria Liquefied Gas, LNG Ltd. On Thursday
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By Mathew Dadiya, Abuja Trading on the floor of the Nigerian Stock Exchange (NSE) maintained its downward trend as Market Capitalization of listed equities declined by N115 billion or 0.89 per cent to N12.715 trillion from N12.830 trillion reported. The NSE All Share Index also depreciated by 220.65 basis points to 24374.40
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Aviation Minister, Senator Hadi Sirika Tuesday, disclosed that aides of Very Important Persons (VIPs), and politicians without any business traveling would not be allowed to enter the airports when domestic flights resume on July 8. Sirika made the disclosure at an interactive session with members of the Senate Committee on
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By Mathew Dadiya, Abuja Money Deposit Banks in Nigerian face shortage of foreign exchange as they struggle to close $5 billion demand gap especially with the reopening of the economy and resumption of local flights operations. One of the global rating agencies, Moody’s in its latest forecast, said that the shortage in
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