Wednesday , February 8 2023

Tag Archives: Business News

Inflation Rate to Hit 18.77% in April – Report

Inflation Rate to Hit 18.77% in April - Report

Analysts at Financial Derivates Limited Company (FDC) predicted on Thursday that the nation’s inflation rate to reach 18.77 per cent in April. The National Bureau of Statistics (NBS) had reported 17.33 per cent and 18.17 per cent inflation rate for February and March respectively. According to the company, “Nigeria’s inflation …

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FG Spent $1 Billion on Debt Servicing in Three Months -CBN

FG Spent $1 Billion on Debt Servicing in Three Months -CBN

The Central Bank of Nigeria (CBN) has disclosed that the federal government spent $1billion on debt servicing  and payments between January and March 2021. The CBN in prior period said the government spent $4.68billion on debt services and payments. According to the apex bank international payments data, $617.5million was spent …

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Lagos Commodities Exchange Set to List First Gold Instrument

The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion. Dukia Gold Chiarman, Mr Tunde Fagbemi, said this at a media parley on Thursday in Lagos. Fagbemi said the …

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SEC Urges Investors to Register for e-Dividend

SEC Urges Investors to Register for e-Dividend

The Securities and Exchange Commission (SEC) has urged investors in the capital market to register for e-dividend so that they can receive the benefits of their investments in the capital market. The Executive Commissioner Operations, SEC, Mr Dayo Obisan, made the call during an interview in Abuja over the weekend, …

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Plastic Recycling: Coca-Cola Invests $2 Million Dollars, Recycles 1.5 Bilion Bottles

Plastic Recycling: Coca-Cola Invests $2 Million Dollars, Recycles 1.5 Bilion Bottles

Coca-Cola Nigeria says through it’s plastic recycling initiatives it is committed to the support of environmental protection and sustainability in Nigeria, in commemoration of World Earth Day. A statement on Friday said the Director, Public Affairs, Communications and Sustainability, Coca-Cola Nigeria, Amaka Onyemelukwe, also said through its ‘World Without Waste’ …

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