nairametrics news
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Business Buhari to release N600 billion for capital expenditure in 3 months – Nairametrics
President Muhammadu Buhari has disclosed that his administration would release the sum of N600 billion for Capital Expenditure between October and December 2019. The President, who revealed this during his 59th Independence Day speech earlier on Tuesday at the State House, Abuja, explained...- Nigeria Business News
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Business CBN increases LDR to 65%, sets December deadline – Nairametrics
The Central Bank of Nigeria (CBN) has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits. In a new circular addressed to all banks obtained by Nairametrics, the CBN disclosed that the minimum Loan to Deposit Ratio (LDR)...- Nigeria Business News
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Business Firstbank targets 500,000 agents to boost financial inclusion – Nairametrics
With a view to enhance financial inclusion across the country, First Bank of Nigeria Limited has announced its drive to get up to 500,000 operators on board its agent banking platform. This was disclosed at the opening ceremony of the 12th Annual Conference of the Chartered Institute of...- Nigeria Business News
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World Saudi Aramco Ramps up IPO Preparations Despite Weakened Demand Outlook – Nairametrics
67 years until Nigeria exhausts proven gas reserves As at the end of 2018, Nigeria’s total proven gas reserves were 202Trillion Cubic Feet (TCF), 37.26% of the total African deposits. With these reserves, Nigeria is second to none in Africa, and 9th in the world. The potential is even …...- Nigeria World News
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Business NNPC transfers stake in four oil wells to NPDC – Nairametrics
The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Nigeria Agip Oil Company (NAOC) and Oando for the transfer of its stake in four oil wells to the Nigerian Petroleum Development Company (NPDC), its upstream arm. The four oil blocks divested to NPDC are Oil...- Nigeria Business News
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Business Illicit financial flows: Nigeria lost $157.5 billion in almost 10 years – Buhari – Nairametrics
President Muhammed Buhari has revealed that Nigeria lost 157.5 billion dollars to illicit financial flows between 2003 and 2012. He made this declaration during a side event organised by the African Union Development Agency and New Partnership for Africa’s Development at the 74th United...- Nigeria Business News
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Business Bolt (Taxify) denies being hacked as frenzy hits social media – Nairametrics
Reports on social media on Wednesday evening indicates Cab-hailing platform Bolt (formerly Taxify) may have been hacked. However, the company has quickly come out to deny the story claiming that it had not been hacked. Everyone UNLINK your CARD FROM TAXIFY NOW! They’ve been hacked and several...- Nigeria Business News
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Business Nigerian, Ghanaian startups to participate in Facebook Accelerator Programme – Nairametrics
Some Nigerian and Ghanian startups and students have been shortlisted to participate in Season 2 of the annual Facebook Accelerator Nigeria. The eight startups and four students were selected from the applications that were received from innovators across Nigeria and Ghana.... Read more via...- Nigeria Business News
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Business ER Podcast: Buhari’s economic team Vs Osinbajo’s NEC; The battle of the Executive – Nairametrics
Nairametrics Economic Roundup (ER Podcast) is a podcast that dissects major economic and corporate events that made the news during the week. On this episode of the Nairametrics Economic Round-Up hosted by Alfred, Samuel and Emmanuel looked at the impact of the CBN’s new cashless policy, the...- Nigeria Business News
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Business Bob Iger resigns as competition stiffens between Apple and Disney – Nairametrics
The Chief Executive Officer (CEO) of Walt Disney Co, Bob Iger has resigned from Apple Inc’s Board. The resignation came at a time when the two companies are competing in the..... Read more via Nairametrics – https://ift.tt/2NmmL2v Get more: Nigeria Business News- Nigeria Business News
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Business N537 Million Alleged Debt: Donald Duke denies AMCON’s claim – Nairametrics
Donald Duke, the former Governor of Cross River State, has denied the claim of the Asset Management Corporation of Nigeria (AMCON) that he owed N537,334,360.77. In a statement made available to the public, Duke made known that he was only owing N350 million, which he had repaid. … Read...- Nigeria Business News
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Politics Reasons I prefer women to manage economy – Buhari – Nairametrics
President Muhammadu Buhari has disclosed that he assigned women in strategic positions of his government, such as the financial sector, to ensure effective management of limited resources available and promote a stronger sense of inclusiveness. The President said this when he received a...- Nigeria Political News
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Business FEC approves VAT increase of 7.2%, targets N7.5 trillion revenue – Nairametrics
The Federal Executive Council (FEC) has approved an increase the Value Added Tax (VAT) to 7.2% from 5%. The Minister of Budget and National Planning Zainab Ahmed disclosed this to state house correspondents at the end of the cabinet meeting on Wednesday... Read more via Nairametrics –...- Nigeria Business News
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Business These billionaires are set to cash out as banks pay interim 2019 dividends – Nairametrics
If there is one thing that equity investors love to hear the most, it is the word “dividend”. For them, dividend connotes the fruit of their labour and payment for their investments. The most interesting thing about dividends is that the more the number of the shares … Read more via...- Nigeria Business News
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Business Zenith Bank, Dangote Cement, MTN top list of CSR donations in Corporate Nigeria. – Nairametrics
Nigerian Companies spent about N11.3 billion as charitable donations for the year ended December 2018 compared to about N10 billion a year earlier. This is based on publicly available information from about 17 of the most capitalized companies on the Nigerian … Read more via Nairametrics –...- Nigeria Business News
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Business MTN Nigeria’s Chairman reacts to attacks in Nigeria and South Africa as investors abandon stocks – Nairametrics
MTN Nigeria was badly hit by the recent reprisal attacks on South African businesses in Nigeria. While some of its offices were attacked, the company’s stock has also been struggling to make gainers list since the attack on Tuesday. Now, the Chairman of MTN Nigeria, Ernest Ndukwe, … Read...- Nigeria Business News
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Metro Canada invites fresh 3,600 Express Entry Candidates to apply for permanent residence – Nairametrics
The Canadian Government has again invited 3,600 Express Entry candidates to apply for Canadian Permanent Residence (PR) in a new draw held on 4th of September 2019. This is contained in Canada’s latest Immigration Newsletter. The latest draw brings the total number of Invitations to Apply...- Nigeria Metro News
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Business CBN injected $2.63 billion to defend Naira in one month – Nairametrics
As part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.63 billion to further sustain relative stability in the Foreign Exchange (FX) market. According to the latest CBN’s monthly economic report covering the...- Nigeria Business News
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Business Five quick loan fintechs that banks should be worried about – Nairametrics
Since the introduction of financial technology (fintech) firms to the Nigerian financial services ecosystem, the story has never been the same. These companies came with a special kind of innovation that has broken down many barriers and made a lot of things possible... Read more via...- Nigeria Business News
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Business How young Nigerians are investing to leave the country – Nairametrics
For young people in some of the world’s most advanced countries, the career growth trajectory is always in the following order: graduate from school, move to your favourite city, land a dream job, and work towards your promotion. For young Nigerians, however, the reality is completely...- Nigeria Business News
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