Business
FCMB introduces paperless, cardless transactions at branches, ATMs, POS terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints and Bank Verification Numbers (BVNs), following the introduction of paperless
Backward integration in sugar industry at crossroads
***Master Plan may miss 2022 target By Emeka Anaeto Nigeria’s major backward integration policy, the National Sugar Master Plan, NSMP, appears to have run into controversy over level of compliance
Nigerian Payments Company Flutterwave Raises $170m, Now Valued at Over $1bn
The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Flutterwave, African-focused payments company has announced that
FCMB introduces paperless and cardless transactions at branches, ATMs and POS terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints and Bank Verification Numbers (BVNs). This followed the introduction of
CBN invests N85.9bn in health sector
Godwin Emefiele, CBN Governor. …Disburses N253.5m to COVID-19 vaccines researchers …As SGF says Nigeria must mass produce vaccines …CACOVID donates incinerator, 260 oxygen cylinder to LASG By Emma Ujah, Abuja
Manufacturing investment in Nigeria down 76%
Nigerian Flag …Unsold inventory up 43.5% …Capacity utilization drops to 49.5% By Yinka Kolawole THE total manufacturing investment in Nigeria dropped by 76.11 per cent in 2020 to N118.52 billion
Market players seek end to rising unclaimed dividends
As listed firms release 2020 full-year results, capital market investors have renewed calls on the Securities and Exchange Commission (SEC) to adopt all-inclusive approaches The post Market players seek end
Local production value drops by N5.02tr amid N577.61b unsold goods
Local manufacturers have decried the rising level of inventory, especially for unsold manufactured goods, adding that declining disposable income of consumers, as well as rising inflation The post Local production
Nigeria needs 8% growth rate to avert multidimensional poverty, says Rewane
The Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has warned that unless the economy grows by, at least, seven to eight per cent yearly in the next
Capitalisation plunges by N371b as stock market reverses gains
The Nigerian Stock Exchange (NSE) has reversed previous gains to close on a bearish note yesterday as most blue-chip stocks depreciated, causing market capitaliisation to plunge by N371 billion. The
