ASSETS & FINANCIALS

The Board of Directors of Seven-Up Bottling Company Plc has announced some changes in the firm’s leadership. A statement on Tuesdays stated that the Managing Director, Sunil Sawhney, having served in that position for eight years, had been elevated to …

In a bid to tackle unemployment in the country, the World Bank, in collaboration with the National Directorate of Employment, has commenced the training of 227 unemployed youths in Cross River State under the Youth Employment and Social Support Operation. …

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said that the adverse macroeconomic environment, which had led to massive job losses and declining profitability, was making the banking sector less resilient. The CBN Governor, Mr. Godwin …

The Federal Government on Monday said that it had started seeing positive signs that the economy, which slipped into recession in the third quarter of last year, had started recovering. The Minister for Budget and National Planning, Senator Udo Udoma, …

The World Bank Group has announced the approval of $57bn for Nigeria and other sub-Saharan African countries for the next three years. A statement issued by the bank in Abuja on Monday said the World Bank Group President, Jim Yong …

The Minister of Finance, Mrs. Kemi Adeosun, on Monday stated that the Federal Government would within 12 months carry out a detailed review of the claims submitted by the states as over- deduction on the Paris Club debt. She said …

The Federal Government, the 36 state governments, and the Federal Capital Territory Administration currently owe foreign creditors a total of $11.41bn, the Debt Management Office has said. Statistics obtained from the DMO on Monday showed that while the Federal Government’s …

The naira extended its declines at the official market on Monday, falling to 307.5 against the United States dollar. The local currency closed at 307 to a dollar last week at the official market from the 305.50 level it had …

The Acting Managing Director, Bank of Industry, Mr. Waheed Olagunju, has said that the bank will increase its loan portfolio to the Micro, Small and Medium Enterprises. He stated this at the Leadership conference shortly after he received an award …

The Federal Government has begun moves to strengthen the level of coordination between the monetary and fiscal policy instruments in order to return the economy to the path of growth. The Minister of Budget and National Planning, Senator Udo Udoma, …

The Lagos State Government has said that the newly enacted Environmental Management and Protection Law will provide investment opportunities for residents. The Special Adviser to the Governor on Civic Engagement, Kehinde Joseph, said the law was designed to holistically address …

Industry experts have said the Monetary Policy Committee of the Central Bank of Nigeria will be expected to leave key rates unchanged at the end of its two-day meeting starting on Monday (today). The MPC had, at the end of …

President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of Central Bank of Nigeria, Godwin Emefiele, to immediately release the second tranche of the London-Paris Club loan refund to states. He said the …

The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings …

Despite the harsh economic climate, which impacted negatively on the hospitality industry, Transcorp Hotels Plc recorded an increase in profit after tax from N3.6bn in 2015 to N3.7bn in the 2016 financial year. The Chairman, Board of Directors, O’tega Emerhor, …

The Federal Government has said it will sell the Ajaokuta Steel Complex to a private sector operator with the capacity to turn around the fortunes of the beleaguered company. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, said …

The  Minister of Budget and National Planning, Senator Udo Udoma, on Tuesday said the support of the National Assembly was vital to the successfully implementation of the Economic Recovery and Growth Plan. The ERGP, which was unveiled last week, is …

The Central Bank of Nigeria on Tuesday released fresh $195m into the foreign exchange market as part of its wholesale intervention to ensure liquidity in that segment of the market. The release was confirmed in a statement signed by the …

The naira weakened for the second consecutive session on Tuesday after the Central Bank of Nigeria sold the United States dollar at its highest level ever on the official interbank market. Traders said the CBN sold $1.5m at N305.75 per …

The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation rate, with the index dropping year-on-year from 18.72 per cent in January to 17.78 per cent in February. Apart from the inflation report, the NBS …