Economy

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CBN disburses N948bn to smallholder farmers nationwide

The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4, 478, 381 smallholder farmers under the…

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NDIC pays N119.1bn to customers of closed banks — MD

The Nigeria Deposit Insurance Corporation (NDIC) says it has paid N119. 1 billion as insured sums to 5535, 815 depositors,…

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Flour Mills leads NSMP via Sugarcane Outgrower Scheme

. Flour Mills of Nigeria Plc (FMN) says the company has taken the lead in propagating the National Sugar Master Plan (NSMP)…

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Dangote begins Urea Fertiliser export to US, Brazil, others

With the coming on stream of the Dangote Fertiliser Plant, in Lagos, Nigeria has commenced exportation of Urea-based fertiliser to…

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CBN warns Banks from depositing “composed banknotes” with the apex bank

CBN warns Banks from depositing “composed banknotes” with the apex bank Deposit Money Banks (DMBs) have been warned by the…

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Sterling Bank reports 20.2% increase in profit, to pay shareholders N0.10 as dividend

 Sterling Bank Plc has announced 20.2 per cent increase in profit after tax to N13.5billion in 2021 audited results for…

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SEC to address capital market challenges with key stakeholders

The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold…

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Equities market depreciates by N58bn in one week

Stories By Grace KehindeBearish sentiments persisted in the Nigerian Exchange Limited (NGX) for the third consecutive week as profit-taking activities…

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Naira will depreciate further with current monetary, fiscal policies – financial expert (Ubani)

Mr. Ubani Uchechukwu Ubani is Chief Examiner for The Chartered Institute of Bankers of Nigeria (CIBN) and the Managing Consultant,…

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How Dangote Cement revenue drive performance in 2021

The cement manufacturing company 2021 performance was largely driven by higher sales volumes, as well as improved cost management during…

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