The Federal Government has established Nigeria’s Open Register of Beneficial Ownership of Companies to promoting transparency and accountability. Inaugurating the register, the Minister of Industry, Trade and Investment, Adeniyi Adebayo said the initiative, under Corporate Affairs Commission’s mandate (CAC), would support anti-corruption efforts in Nigeria and globally. Mr Babagana Alkali, Director of Policy, Research and […]
Chairman, Board of Directors of Bank of Industry (BOI) Group, Aliyu Dikko, said the group’s total assets have grown by 39. 2 per cent between 2021 and 2022. Dikko stated this during the 63rd Annual General Meeting (AGM) of the bank, on Thursday, in Abuja. He said the bank maintained appreciable growth in its financial […]
The Chartered Institute of Bankers of Nigeria (CIBN) says it generated N2.06 billion in 2022, up from N1,76 billion recorded in 2021. The President of CIBN, Dr Ken Opara, announced this at the 2023 Annual General Meeting, on Saturday, in Lagos. Opara said that the figure represented 16.9 per cent when compared with revenue generated […]
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo will on May 22, inaugurate the state-of-the-art fashion industry in Kogi State. The facility, under the National MSME Clinics Shared Facility Scheme, is reputed to be the largest fashion industry in the North-Central Region. Yemi Balogun, Information Officer of Kogi Enterprise Development Agency […]
Agege Local Government has disbursed N100,000 cash to 20 selected residents under its empowerment scheme to enable them to become self-reliant. The Executive Chairman of the local government, Chief Ganiyu Egunjobi, distributed cheques for the empowerment programme on Sunday in Agege. Alhaja Aminat Abdulsalam, represented the chairman at the elaborate programme. Egunjobi admonished the beneficiaries […]
By Our Correspondent in Abuja The Nigeria Export Processing Zones Authority (NEPZA) says it will attract $20 billion in free zone investment in Delta State. The Managing Director of NEPZA, Prof. Adesoji Adesugba made the pledge at the license presentation of the Delta Special Economic Zone (DSEZ) to the state government, on Wednesday, in […]
The Nigeria Deposit Insurance Corporation (NDIC) has begun verification of insured depositors of Peak Merchant Bank in-liquidation. This is with a view to paying their insured sums. Such payment is in line with the corporation’s mandate of deposit guaranty and reimbursement of depositors following a bank failure. Bashir Nuhu, NDIC Director of Communication and Public […]
The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N441 million from tickets sold across the country in March. The National Chairman of CEAN, Mr Opeyemi Ajayi, announced in a chat with newsmen in Lagos. Ajayi said the total admission of viewers into cinemas across the federation, for the period under review Is 174,071. […]
Ice block sellers are making brisk business in Kano, due to the high demand for cold water, occasioned by the hot weather condition. The prevailing hot weather condition, coupled with the epileptic power supply and the Ramadan fast, all combined to create a high demand for cold water by residents. Further checks by a correspondent […]
The total assets of the insurance industry stood at N2.33 billion in the fourth quarter of 2022, Statistics Department Quarterly Report of the Insurance Market stated. A bulletin of Insurance Market Performance, released by the National Insurance Commission (NAICOM) published the report, on Thursday in Lagos. The figure represents positive growth signifying expansion at the […]