Economy/Business - News Agency Of Nigeria

United Capital records N14bn profit, total assets hit N602bn in 2022

On: March 28, 2023

By Ginika Okoye United Capital Plc, a Pan-African financial services conglomerate, has announced its 13 per cent year-on-year increase in profit before tax to N13.50 billion for the 2022 financial year. A statement by the organisation said the amount was announced by its Board of Directors at the company’s 10thContinue Reading

SMEDAN trains 90 unemployed youths in Taraba

By: Rabi'u Sani Ali

On: March 27, 2023

In: Economy/Business

By Martins Abochol The Small and Medium Enterprises Development Agency (SMEDAN) has begun the training of 90 unemployed youths in fashion, leather work and hair dressing in Taraba. The Director-General of the agency, Mr Olawale Fasanya said this at the opening of the National Business Skills Development Initiative (NBSDI) programmeContinue Reading

Food prices continue to rise in February – NBS

By: Rabi'u Sani Ali

On: March 24, 2023

In: Economy/Business

By Okeoghene Akubuike The National Bureau of Statistics (NBS), said that prices of food items such as yam, rice and beef witnessed increases in February. This is contained in NBS Selected Food Prices Watch Report for February 2023 released in Abuja on Friday. The report said the average price ofContinue Reading

CBN refutes suspending fintech companies’ accounts

By: Rabi'u Sani Ali

On: March 24, 2023

In: Economy/Business

By Kadiri Abdulrahman The CBN has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director, Corporate Communications, Mr Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news “is simplyContinue Reading

Maritime expert urges Tinubu, Sanwo-Olu to address industry issues

By: Afonne Emmanuel

On: March 23, 2023

In: Economy/Business

By Chiazo Ogbolu Ms Ronke Kosoko, Chief Executive Officer, Employment Clinic, has urged President-elect, Sen. Bola Tinubu, to appoint experts that would turnaround the maritime industry. Kosoko, who said this at a news conference in Lagos on Wednesday, appealed to Tinubu to look into creating job opportunities and addressing infrastructureContinue Reading

IKODIV Trade Fair: ICCI promises to support MSMEs

By: Folashade Adeniran

On: March 23, 2023

In: Business

By Mercy Omoike The Ikorodu Chamber of Commerce and Industry (ICCI) has reiterated its support for Micro, Small and Medium Enterprises (MSMEs), in its annual Ikorodu Division (IKODIV) Trade Fair. The chamber made this known at a news conference on Wednesday in Lagos. The News Agency of Nigeria (NAN)Continue Reading

Accra Weizo travel expo returns 3 years hiatus

By: Salisu Sani Idris

On: March 22, 2023

In: Economy/Business

By Taiye Olayemi Mr Ikechi Uko, organiser of Accra Weizo Travel Expo,has advocated for seamless travel environment among West Africans within the region to grow its domestic market and harness its opportunities. Uko said this in a statement on Tuesday, in Lagos, to announce the sixth edition of the expo,Continue Reading

More investment in data, statistics needed in Africa – Expert

By: Afonne Emmanuel

On: March 22, 2023

In: Economy/Business

By Lucy Ogalue The Economic Commission for Africa (ECA) has emphasised the need to invest in effective data and statistical systems on the continent. ECA’s Director of the Africa Center for Statistics (ACS), Oliver Chinganya, made the declaration in Addis Ababa, Ethiopia, on Tuesday. Chinganya was speaking with the ECA’sContinue Reading

Africa needs adequate financing to tackle poverty – ECA

By: Afonne Emmanuel

On: March 22, 2023

In: Economy/Business

By Lucy Ogalue The Economic Commission for Africa (ECA), says Africa needs adequate financing to tackle poverty on the continent and cushion the vulnerable groups while meeting its long-term development objectives. Acting Secretary-General of ECA, Antonio Pedro, said this during his closing remarks at the 55th Meeting of the ConferenceContinue Reading

Norrenberger completes takeover of 60% equity in Infrastructure Bank

By: Afonne Emmanuel

On: March 21, 2023

In: Business

By Ginika Okoye Norrenberger, a financial services group, has taken over a controlling equity stake of 60 per cent in The Infrastructure Bank (TIB). The group in a statement on Tuesday, said the take-over followed a concluded acquisition arrangement which began in 2019. The statement said that the Chairman ofContinue Reading

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