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    Monthly Archives: July, 2021

    Hunger ravages Nigerian households as consumable cereals record 253%, 123%, 51% price jump

    Farmers decry worsening insecurity, FG promises intervention The cost of food items in Nigeria has been recording significant increases in the past one year. A survey...

    Nigeria’s Naira exchanges for 503/$ at parallel market

    The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators. Figures obtained from naijbdcs.com,...

    Dangote Cement’s $1bn Plant Set to Commence Operations in Okpella

    Dangote Cement Plc’s $1 billion six million Metric Tonnes Per Annum (MTPA) facility has been completed and is set for commissioning in Okpella, Edo...

    Facebook creates exec team to work on Mark Zuckerberg’s vision for a digital universe

    KEY POINTS Facebook will create a product team to work on the “metaverse,” a concept related to VR and AR that involves creating digital worlds...

    Court Restrains FG from Accessing N200bn Unclaimed Dividends

    A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders...

    Ecobank Reports N62.5bn PAT in Q2 2021 Results,(Share Price:N5.10k)

    Key Highlights Gross Earnings grew by 13% to N443bn from N392bn in the previous quarter. Profit before tax grew by 33% to N85bn. Profit after tax grew...

    Stakeholders worried as Northern Nigeria state governments suspends schools due to insecurity

    y Garba Muhammed KADUNA, Nigeria (Reuters) - The northern Nigerian state of Kaduna has suspended all schooling due to insecurity, state officials said on Monday,...

    NGX bullish, capitalisation gains N94bn

    By Chinyere Joel-Nwokeoma Lagos, July 26, 2021 Transactions on the Nigerian Exchange (NGX) reopened on Monday on a bullish trend following investors’ interest in large...

    PenCom begins payment of 2.5% pension differentials to retirees – DG

    Rukayat Adeyemi Lagos, July 26, 2021 The National Pension Commision (PenCom) on Monday said it had commenced payment of the 2.5 per cent differentials of...

    Buhari signs N982.7 billion supplementary budget into law

    By Ismaila Chafe Abuja, July 26, 2021 President Muhammadu Buhari on Monday signed the N982.7 billion supplementary budget for 2021 into law. The Presidency presented the...

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