‘Our borrowing still at 19% to GDP, low compared to Ghana, Brazil, Others’

By Etuka Sunday The Minister of Finance, Mrs Zainab Shamshuna Ahmed, has disclosed that Nigeria’s borrowing still remains at 19 per cent to the Gross Domestic Product (GDP), and is low compared to Ghana, Brazil, South Africa, Egypt and Angola. The Minister made the statement while clearing the true position of reports surrounding the removal of fuel More...

by Peoples Daily | Published 1 hour ago
By Peoples Daily On Wednesday, April 24th, 2019
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NCC places felony tag on fraudulently-registered SIM cards

…says 63.2% SIM data from MNOs invalid By Etuka Sunday It will no longer be business as usual for perpetrators of fraudulently-registered Subscriber Identity Module (SIM) cards, as the Nigerian Communications More...

By Peoples Daily On Wednesday, April 24th, 2019
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MAP: Port Harcourt, Yola, Enugu, Ibadan DisCos get NERC’s permits

By Etuka Sunday The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Port Harcourt Electricity Distribution Plc, Yola Electricity Distribution Company Plc, Enugu Electricity Distribution Company More...

By Peoples Daily On Wednesday, April 24th, 2019
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AIICO Insurance profit soars by 146%

From Ngozi Onyeakusi, Lagos AIICO Insurance Plc has announced a Profit after tax increase of 146% to close at N3.1 billion for for the financial year ended December 31, 2018, compared to N1.3billon recorded in 2017. Gross More...

By Peoples Daily On Wednesday, April 24th, 2019
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Sovereign Trust Insurance posts 167% profit

From Ngozi Onyeakusi, Lagos Despite the challenging economic environment that characterized operations of most businesses in the country in 2018 and the seeming lull in the insurance sector in the year, Sovereign More...

By Peoples Daily On Thursday, April 18th, 2019
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AfDB launches Agric Fast Track Fund for SMEs in Nigeria, Ghana, Others

By Etuka Sunday The African Development Bank, will today launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight More...

By Peoples Daily On Thursday, April 18th, 2019
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Again, CBN bolsters Forex market with $210m

By Etuka Sunday The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, April 16, 2019. According to More...

By Peoples Daily On Thursday, April 18th, 2019
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Jaiz Bank secures BOI’s N3bn facility to Finance MSMEs

By Etuka Sunday Jaiz Bank Plc., the premier non-interest bank in Nigeria has secured a N3 billion financing facility from the Bank of Industry (BOI) to boost and develop Micro, Small and Medium Enterprises in the More...

By Peoples Daily On Thursday, April 18th, 2019
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Afam Acquisition: Diamond, Transcorp, Unicorn make it to Financial bids opening stage

By Etuka Sunday The National Council on Privatisation (NCP) has granted approval to Diamond Stripes Consortium, Transcorp Power Consortium and Unicorn Consortium to proceed to the financial bids opening stage for More...

By Peoples Daily On Thursday, April 18th, 2019
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Over 800 Firms jostle for Nigerian Gas Flare Commercialisation

By Etuka Sunday No fewer than 800 companies have submitted expression of interest for the Nigerian Gas Flare Commercialization Programme (NGFCP), the Minister of state for Petroleum Resources, Dr Emmanuel Ibe Kachikwu More...