IWD: 3 Nigerian women receive LAPO’s N0.9m for exceptional work in growth, development
BEN EGUZOZIE
March 10, 2021
Ben Eguzozie, in Port Harcourt Three Nigerian women: Felicia Babalola, Christiana Ebitimi and Joke Adesina have received N0.9 million from Lift Above Poverty Organization (LAPO), a development-specific organization geared towards eradicating poverty among those at the lower wrung of the society, for their outstanding contributions to bettering professional, agriculture and business sectors in the […]
NSE completes demutualization process following final approval from SEC and CAC
Nigerian Stock Exchange, Securities & Exchange CommissionMarch 10, 2021
Restructures into a Holdco with three operating subsidiaries duly registered with CAC Shares of NGX Group Plc will be available for bilateral trades on the NGX Limited Charles Abuede In a bid to create new strategic opportunities that will enable it to realise its vision of becoming Africa’s leading capital market infrastructure, the Nigerian […]
Global economic recovery is in sight as GDP projected to be 5.6% – OECD
BEN EGUZOZIEMarch 10, 2021
…There is need for speed to strengthen the recovery Ben Eguzozie A global economic recovery is now in sight. Activity in many sectors has picked up, and partially adapted to pandemic restrictions, said a report by the OECD. It said that prospects have improved over recent months with signs of a rebound in goods […]
South Africa records lowest GDP in a century as economy shrinks 7% in 2020 amid COVID-19
Online EditorMarch 10, 2021
Economy may not rebound until 2024, experts say Zainab Iwayemi A report released by Statistics South Africa has shown that South Africa’s Gross Domestic Product, GDP, declined by 7 percent in the year 2020 compared with the 0.2 percent expansion in 2019. However, the drop which represents the biggest decline since 1920 was smaller than […]
FG launches Temporary Passport for Nigerians in the diaspora
Online EditorMarch 10, 2021
Arakunle Kayode Nigeria’s Interior Minister, Rauf Aregbesola, has launched the Nigerian Temporary Passport (NTP) on Tuesday at the Nigeria Immigration Service (NIS) headquarters in Abuja. The new temporary passport is a variety of passport that will be issued at the Nigerian Embassies or at the Nigerian High Commissions outside the country to Nigerians desirous […]
Flutterwave secures $170m in Series C Round, to invest in accelerating customer acquisition
Charles AbuedeMarch 10, 2021
Total investments in Flutterwave now $225 million Charles Abuede Following the successful Series B funding round in January 2020 where it raised $35 million, Flutterwave, a leading digital payments technology company in Africa, has announced that it has secured a $170 million fund from a leading consortium of international investors. This funding round was led […]
AfDB announced as 2021 World’s Best Multilateral Financial Institution
Online EditorMarch 10, 2021
As rating agency S&P Global confirms the banks’s AAA/A-1+ foreign issuer credit rating with a stable outlook. Wale Ameen The African Development Bank has been named the World’s Best Multilateral Financial Institution 2021 by the Global Finance Best Investment Bank Awards, an initiative of the U.S. financial magazine Global Finance. The award is […]
E-bills payment swells by 8.57% in February despite dip in volume
Online EditorMarch 10, 2021
Zainab Iwayemi Data obtained from the Nigeria Interbank Settlement System has shown that there was an 8.57 per cent increase in the e-bills payment from N155.53 billion in January to N168.86 billion in February 2021. Meanwhile, the volume of transactions carried out on the electronic bill payment platform fell month-on-month, by 8.86 per cent […]
Pressured sell-offs in large-cap stocks forces market into red as investors lost N371.3bn on Tuesday
Online EditorMarch 10, 2021
Charles Abuede The Nigerian equities market reversed Monday’s trading session gains to resume its bearish run as pressured sell-offs in large capitalization stocks such as; MTN Nigeria (-5.9%), Zenith Bank (-12.7%), Wapco Plc (-7.95%), and UBA (-10.0%)pushed the NSE-ASI lower by 1.80 per cent to settle at 38,686.85 points. Hence, the market year to date […]
Copper prices go separate directions on LME,ShFE
Online EditorMarch 10, 2021
Onome Amuge Copper prices on the London Metal Exchange went bullish, Wednesday morning strengthened by dealers’ optimism about the metal’s global outlook due to rising demand. However, the red metal slipped on the Shanghai Futures Exchange as policy tightening by China, the world’s leading consumer, raised concerns over an impending drop in demand. Three-month copper […]