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 […]
From Abdulfatah Babatunde, Akure A Point-of-Sale (POS) cash transaction operator in Akure, Ondo State, Mr Waheed Adéyemí has endeared himself to hundreds of cash-trapped residents by charging a low withdrawal commission. The NewsZenith reports that hundreds of residents troop to Adeyemi’s shop on Awule road, Akure to withdraw money. They were praising Adéyemí for charging […]
‘Equality is not just the right thing to do, it is smart economics. No society can ever truly flourish if it stifles the potential of its women and deprives itself of the contribution of half its citizens.’ At Coca-Cola, we know that women are not only essential to building thriving communities – we truly believe […]
Ecobank Nigeria Limited is partnering with the International Institute of Tropical Agriculture (IITA) to support 16,000 Nigerian youths in wealth creation through agriculture. The partnership will also train the beneficiary Nigerians between the ages of 18 to 40 years. The training will cover key areas like poultry, aquaculture, horticulture and value addition. Ms Ayo Osolake, […]
The Central Bank of Nigeria (CBN) has directed commercial banks to start disbursing and receiving old naira notes in compliance with the Supreme Court’s directive. The Apex bank issued the directive, on Sunday night, after a meeting of the Bankers Committee. Godwin Emefiele, CBN Governor chaired the meeting. Gov Chukwumeka Soludo of Anambra State confirmed […]
The Central Bank of Nigeria (CBN) says it recorded N503 billion in repayment of loans under its Anchor Borrowers’ Programme (ABP), representing 52.39 per cent. Acting Director of Corporate Communications Department, Dr AbdulMumin Isa, announced this in a statement in Abuja on Monday. Isa said that the apex bank remained committed to its developmental mandate […]