Friday, October 23, 2020

FG Set to Review 4-Year-Old Petrol Pricing Template

The federal government Sunday indicated that it is working to review the current pricing template for petrol which was last adjusted four years ago, in order to reduce the alleged exploitation of Nigerians by the operators in the downstream sector. The government stated that it is finalising the readjustment of cost elements and profit margins...

JUST IN: Access Bank to refund stamp duty deductions after outcry

After social media outcries, Access Bank on Sunday said it will refund stamp duty deductions from accounts of its customers on Saturday. According to reports, the stamp duty deductions applied to all credits received into current and savings accounts in respect to electronic transfer and teller deposits of N10,000 and above. The money is remitted to...

Access Bank Unveils ‘Pitch-A-Ton’ Second Edition

Access Bank Plc has unveiled the second edition of its Womenpreneur Pitch-a-ton programme, aimed at supporting female entrepreneurs. The Womenpreneur Pitch-a-ton Africa 2020 Campaign was designed to provide female owned businesses across Africa an opportunity to access to finance and world-class business trainings as well as mentoring opportunities. According to the bank, the programme was designed...

Dangote Plans Clinkers Export Facilities in Lagos, Port Harcourt

Management of Dangote Cement has concluded plans to open export facilities in both Lagos and Port Harcourt that would enable it to export clinker to some neighbouring African countries and attract foreign currency for the country. Already, 27,800 metric tonnes of clinker was last week exported from its Lagos terminals to Senegal. The company, in a...

FG to Review Capital Market Master Plan

The federal government is to review the Capital Market Masterplan in order to align the assumptions and projections with current realities. Doing so, it stated, was a very important step in redefining the roadmap for stakeholder participation in the Nigerian capital market. The core objective of the 10-year Capital Master Plan (2015-2025) is to evolve strategies...

In Historic Move, NNPC Releases Audited Results to Public

Nigerian National Petroleum Corporation (NNPC) has officially released, for the first time, its audited statement of accounts to the public. Though the corporation has been sending copies of the annual statements to the presidency and the National Assembly in the past, it was learnt that the new initiative followed a resolve by the new management...

Weaponizing Economic Growth And Truncating Economic Realities By Emaciating Economic Mother Hen – By Bishop Oparaojiaku

It's indeed a refreshing evening with some astonishing moments even as the day greets us with TRINITY one. It was a harmonious life transforming experience as we looked at the scripture emphasizes of Ezekiel 37: 15 to the end, Ephesians 2: 11 to end and then grounded in Psalm 133:1-3. Clearly manifest in the...

Naira Appreciates Against Dollar At Parallel Market

Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange rates platform, abokiFX, revealed that Naira appreciated to N448 to a dollar yesterday, improving by N2 relative to the N450 to a dollar it exchanged for on Monday. The gain is attributable...

Oil Prices Fall, As U.S Stock Rise Stokes Oversupply Fears, Bonny Light Sheds 2.06%

Oil prices fell more than 1% towards $40 per barrel on Wednesday after a report revealed a surge in United States’ oil storage, reigniting worries over glut and poor demand owing to the coronavirus crisis. American Petroleum Institute, an industry group, said oil stocks upped by 8.4 million barrels, contrary to analysts’ forecast envisaging a...

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