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Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective January 1, 2021. The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje, its …

President Muhammadu Buhari has reacted to the call for the resignation of the service chiefs by the Nigerian senate. The senators had earlier on Tuesday said that the service chiefs should retire due to their ages and the endless insecurity Nigeria has been facing for some time. Read Also: CENTURY POWER …

The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 12.5 percent. Godwin Emefiele, governor of the apex bank, announced the committee’s decision on Thursday at the end of the committee’s meeting. Cash reserve ratio (CRR) was …

Nigeria’s naira continued on a low path against the dollar on Friday as it exchanged N470/$1 on Friday. However, on the officially recognized NAFEX market, the forex turnover dropped by 63.7% while the exchange rate depreciated for a third consecutive trading day closing at N388.50/$1. According to Nairametric, at the …

Investment announcements tracked by the Nigerian Investment Promotion Commission (NIPC) dropped by $10.09 to $5.06 billion in the first half of 2020, compared with the $15.15 billion investments recorded in the first half of 2019, translating to 67 per cent decline. In the report released at the weekend, NIPC stated …

Dangote Group’s fertilizer $2bn plant will be ready for commercial production next year, according Saipem SpA, the builders. The plant located in Lagos and owned by Aliko Dangote, Africa’s richest man, has a capacity of three million tons a year of urea and ammonia, making it the world’s biggest, Bloomberg …

Federal Ministry of Humanitarian Affairs, Sadiya farouq been accompanied by Governor Bello Matawalle proceeded to Bungudu LGA of in Zamfara State to flagged off the payment of loans to small business holders in the State to 130, 764 beneficiaries from six (6) LGAs, who have been captured in the National …

The country’s foreign reserves fell by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, the latest figures from the Central Bank of Nigeria showed on Thursday. The CBN, in its February monthly report, entitled ‘Gross external reserves,’ said the reserves stood at $36.6bn at the end of …

Apparently piqued by recent dramas spinning out of the administration and investigations of activities within the Niger Delta Development Commission’s (NDDC) President Muhmmadu Buhari has called for caution. It would be recalled that recent interactions among officials of the NDDC, the Ministry of Niger Delta Affairs, as well as the …

Kano state has been exporting rugs and carpets to other African countries and the USA, as one the largest producers of rugs in Africa through JakKay Carpets and Rugs. The ban on imported rugs from Asia has helped local rug manufacturers increased production and create more jobs. 14 Likes 3 Shares