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Business

May & Baker pays N431.31m to shareholders as net profit doubles

 2216     1917

Shareholders of May & Baker Nigeria Plc at the weekend received a total of N431.31 million as cash dividends for the 2019 business year. The distribution followed approval of a 25 per cent increase in dividend payout by shareholders at the ann...Read more

Investors scramble for big banks in N23.55b equities deals

 2133     1850

Investors increased their stakes on Nigerian equities by 74.45 per cent with nearly one-thirds of the transactions on three of Nigeria’s largest banks.Investors staked N23.55 billion on quoted equities at the Nigerian Stock Exchange (NSE) la...Read more

Global securities exchange chiefs review market

 1901     1625

Leaders of major securities exchanges and capital market groups will this Wednesday brainstorm on the impact of COVID-19 on the global capital market.The Nigerian Stock Exchange (NSE) is hosting the special webinar on the impact of COVID-19 on the...Read more

‘How COVID-19 is affecting financial inclusion’

 1738     1502

President, Consumer Awareness and Financial Enlightenment Initiative (CAFEi), Mrs ‘Debola Osibogun, has said coronavirus (COVID-19) affect the financial literacy and financial inclusion.In a statement, she said the pandemic is generating an ...Read more

Doubble.Ng offers option for ‘100% investment income’

 1605     1368

Sterling Bank Plc has offered a safe option for investments in its Doubble.Ng product to those seeking double-digit investment income and safety in this period of heightened market volatility and unpredictable macro-economic environment.Doubble.Ng...Read more

World Bank: Virus pandemic impact reducing

 1566     1341

The World Bank has advised developing countries and the international community to take steps to speed up recovery as the worst of the Coronavirus (COVID-19) crisis and blunt long-term adverse effects passed.It admitted that the coronavirus (COVID...Read more

‘Conceive an economy without oil revenue’

 1537     1289

Oil price is one of the most difficult variables to predict. No analyst foresaw the current plunge. There are too many inponderables around oil price. This is the reason it is not good for an economy to be too dependent on primary commodities.&nbs...Read more

LCCI, MAN praise CBN on bailout funds

 2557     2140

Manufacturers have praised efforts of the Central Bank of Nigeria (CBN) on the planned disbursement of N93.2 billion out of N1 trillion intervention fund targeted at manufacturing and agribusiness sectors for economic recovery, post COVID-19.Direc...Read more

Employment in Nigeria decreased marginally – PMI Report

 2448     2049

About 98 percent companies in Nigeria kept their workforce despite the negative impacts of coronavirus on business,the Nigeria Purchasing Managers’ Index (PMI) report has revealed.As a result, employment in Nigeria decreased marginally despi...Read more

External reserves now $36.57 billion

 2306     1927

Nigeria’s external reserves now stand at $36.57 billion, having increased sharply from $33.42 billion as of April 29, 2020.This development has given the Central Bank of Nigeria the fire power to defend the Naira exchange rate as promised by...Read more

Constitute Amotekun corps now, Oyo Assembly tells governor

 2261     1821

The Oyo State House of Assembly yesterday urged Governor Seyi Makinde to urgently constitute the Amotekun Corps, the state security agency network, to stem insecurity in the state. The House emphasised that the call became imperative to c...Read more

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