Economy/Business - News Agency Of Nigeria

Nigeria never defaulted in China debt repayments-DMO

On: April 20, 2023

By Kadiri Abdulrahman The Debt Management Office (DMO) has debunked a media report that Nigeria defaulted in loans repayments to China. A statement by the DMO in Abuja on Wednesday, advised the public to ignore the report as it is false. The News Agency of Nigeria (NAN) reports that aContinue Reading

Leadway successfully contains hacking attempt to breach network – Management

By: Vivian Ihechu

On: April 19, 2023

In: Economy/Business

By Rukayat Adeyemi Leadway Assurance Limited said it detected a potential threat to its network and promptly deployed mitigation measures to contain the cyber attack. This is contained in a statement signed by Ms Femi Olayinka, the Strategy and Innovations Manager, Modion Communications for Leadway, in Lagos. TheContinue Reading

Money Lenders Association lauds FG’s moves to protect borrowers

By: Vivian Ihechu

On: April 19, 2023

In: Business

By Rukayat Moisemhe The Money Lenders Association has commended the Federal Government’s effort to protect borrowers from the illegal operations of unregistered and unlicensed digital loan companies. Mr Gbemi Adelekan, President of the Association, gave the commendation in an interview with the News Agency of Nigeria (NAN) on TuesdayContinue Reading

NG-CARES impacted 2m beneficiaries in 36 states, FCT – Minister

By: Salisu Sani Idris

On: April 18, 2023

In: Economy/Business

By Salisu Sani-Idris The Federal Government said the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG CARES) Programme had impacted over two million poor and vulnerable beneficiaries in the 36 States and the FCT. The Minister of State, Budget and National Planning, Prince Clem Agba, made the disclosure at aContinue Reading

Afriland Properties shareholders approve N137m dividend for 2022

By: Afonne Emmanuel

On: April 18, 2023

In: Business

By Ginika Okoye The shareholders of Afriland Properties Plc, a property management and investment company, have approved a total of dividend of N137 million for the financial year ended Dec. 31, 2022. The company said this in a statement on Tuesday after its10th Annual General Meeting in Abuja. The statementContinue Reading

Involve MfBs in policy formulation, implementation, NAMB urges CBN

By: isaac aregbesola

On: April 17, 2023

In: Economy/Business

By Kadiri Abdulrahman The National Association of Microfinance Banks (NAMB) has renewed its call on the Central Bank of Nigeria (CBN) to always Involve MfBs in the formulation and implementation of key policies. The association also urged the apex bank to involve microfinance banks in other measures targeted atContinue Reading

PS tasks accountants managing Nigeria’s wealth to prevent leakages

By: Salisu Sani Idris

On: April 16, 2023

In: Economy/Business

By Ruth Oketunde Dr Marcus Ogunbiyi, Permanent Secretary, Career Management Office, Office of the Head of the Civil Service of the Federation, has called on accounting professionals to manage the country’s wealth effectively and prevent leakages. He said this at the 2023 Annual Dinner and District Award ceremony, organised byContinue Reading

NG-CARES: FG releases N45.3b reimbursement to states, FCT – Obaje

By: Salisu Sani Idris

On: April 16, 2023

In: Economy/Business

By Salisu Sani-Idris The Federal Government has approved the release of N45.3 billion as reimbursement to States and the FCT for the implementation of the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG CARES) Programme. The National Coordinator of NG-CARES Programme, Dr Abdulkarim Obaje, made the disclosure in a statementContinue Reading

Economic growth in Sub-Saharan Africa to drop to 3.6%- IMF

By: Vivian Ihechu

On: April 14, 2023

In: Economy/Business

By Okeoghene Akubuike Amid a global slowdown, growth in Sub-Saharan Africa (SSA) is expected to reduce to 3.6 per cent before rebounding to 4.2 per cent in 2024. This is according to the latest International Monetary Fund (IMF) Regional Economic Outlook for SSA: “The Big Funding Squeeze” published onContinue Reading

Trawler operators attribute vessel depletion to illegal fishing

By: Afonne Emmanuel

On: April 14, 2023

In: Economy/Business

By Chiazo Ogbolu/ Aisha Cole The Nigerian Trawlers Owners Association (NITOA) has said that the menace of illegal, unreported and unregulated fishing had led to the depletion of fishing trawlers in the country . Mrs Benedette Okonkwo, President of the association, said this at the Zoe Maritime Resources Ltd., MaritimeContinue Reading

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