Category: Business News
-
United Capital Records Double Digit Growth with Profit Rising by 61%
Foremost Pan-African financial and investment services group, United Capital Plc has announced its audited results for the full year ended December 31, 2020, recording double-digit growth across all its major income lines. Despite the Covid-19 pandemic and the resultant challenging operating environment, the investment institution leveraged on increased efficiency to deliver an impressive 61 per…
-
APC blasts Delta Government over concession of Asaba International Airport
The Delta Chapter of the All Progressive Congress (APC), on Thursday, berated the state government over the concession of Asaba International Airport to a concessionaire. TheNewsGuru.com, TNG Governor Ifeanyi Okowa on Tuesday signed a concession agreement for Asaba International Airport with a promise that Osubi Airport in Warri will resume operations in two weeks time.…
-
Cryptocurrency: CBN acted in Nigerians’ best interest
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the CBN acted in the nation’s best interest by ordering banks, non-banking and other financial institutions not to facilitate trading and dealings in cryptocurrencies. Emefiele, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes,…
-
JUST IN: CBN Governor arrives NASS, to be grilled over ban on cryptocurrency
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has honoured the invitation of the Senate over the ban placed on cryptocurrency in the country. TheNewsGuru.com (TNG) reports Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions,…
-
Oramah, Anohu, Others Speak on new age collaborations as AIF, Afrexim, Netflix & AFCTA engage at Africa Soft Power Series
Professor Benedict Oramah of the African Export-Import Bank (Afreximbank), Ms. Chinelo Anohu of the Africa Investment Forum, and H.E Wamkele Mene of the African Continental Free Trade Area (AfCFTA) and Dean Garfield, Vice President, Public Policy at Netflix will all participate as panelists at a virtual session titled ‘The New Face of African Collaboration’. …
-
Cryptocurrency ban: SEC, CBN to provide level field for investments
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday. Mr Timi…
-
How Nigeria survived, exited second recession despite COVID-19 – Minister
The Minister of Information and Culture, Alhaji Lai Mohammed, says Nigeria did not exit the latest recession by accident, but with “hardwork, foresight and deliberate planning by government.” The minister stated this on Saturday when he featured on a monitored Channels Television programme. TheNewsGuru.com, TNG reports that Nigeria slipped into recession for the second time…
-
FG, States, LGAs share N640.3bn for January
The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and National Planning, said this was made known in a communique issued at the end of virtual conference of FAAC on Thursday. The committee in its…
-
BREAKING: Nigeria exits recession, records 0.11% growth in Q4
The National Bureau of Statistics (NBS), says Nigeria’s GDP grew by 0.11 per cent in Quarter Four (Q4) 2020, from the 6.11 per cent contraction in Q3, signaling a gradual recovery from recession. TheNewsGuru.com, TNG reports that the economy slipped into its second recession in five years in November 2020 as the gross domestic product…
-
No Increase in Fuel Price in February – NNPC
The Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021. This was disclosed in a press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru. The statement explained that the decision was to allow ongoing engagements with organized…