Business News
CSCS declares N5.85 billion dividend in 2020
The Central Securities Clearing System (CSCS) is proposing a total dividend payout of N5.85 billion for the 2020 financial year, translating to N1.17 per share. The post CSCS declares N5.85
NICON Insurance faults report on senate summon
The management of NICON Insurance Limited has faulted a report on its invitation by the Senate over failure to the remit pension fund to the Pension Transitional Arrangement Directorate (PTAD).
MFBs urged to invest in digital channels
Microfinance Banks (MFBs) in Nigeria have been urged to accelerate investment in digital channels for loan disbursement and collection to mitigate the impact of COVID-19 in the industry. The post
BoI to tackle youth unemployment with tech hubs
Worried about the high level of youth unemployment currently estimated at 33.3 per cent, the Bank of Industry (BoI) has announced plans to establish tech hubs to address the challenge.
Local airlines rebound with traffic surge, new routes
Despite the operational hiccups facing the sector, local airlines have recorded a marginal rebound in business, recording improved passenger patronage across networks. The post Local airlines rebound with traffic surge,
UBA Q1 profit rises by 24%
United Bank for Africa (UBA) Plc has posted N40.6 billion profit before tax (PBT) in its first-quarter 2021 operations against N32.7 billion recorded in the corresponding period in 2020. The
4,355 Niger Delta youths empowered with market-relevant skills
At least 4,355 Niger Delta youths have been trained and equipped with market-relevant skills. The post 4,355 Niger Delta youths empowered with market-relevant skills appeared first on The Guardian Nigeria
‘Nigeria exports to Indonesia over $700m’
Director of the Indonesian Trade Promotion Centre, Hendro Jonathan, said Nigeria exported goods worth 700 million dollars to Indonesia last year. The post ‘Nigeria exports to Indonesia over $700m’ appeared
MTN to invest $10b on Nigeria, other Africa’s telecoms infrastructure
Telecommunications firm, MTN is committing about $10 billion in the next five years to improving infrastructure, especially telecoms on the continent. The firm, which operates in about 17 African countries,
‘Nigerian ports undermining trade, industrialisation’
Stakeholders have decried the state of Nigerian seaports, saying they are largely underdeveloped, poorly ranked among their peers in the West Africa sub-region, and undermining the ease of doing business.
