Nigeria has exited recession as its Real GDP grew by 0.11% in Q4 and -1.92% in Full Year 2020Nigeria’s Gross Domestic Product (GDP) grew by 0.11%(year-on-year) in real terms in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters. Though weak, the positive growth reflects the gradual return …
Category Archives: Uncategorized
Budget Financing: Will selling government assets do the trick?
Experts argue on the pros and cons of FG’s decision to sell off some public assets to fund the 2021 budget. The intention of the Federal Government to sell the nation’s assets to fund the 2021 budget has been received differently by several stakeholders and analysts. Some have queried the rationale behind selling off assets …
Continue reading “Budget Financing: Will selling government assets do the trick?”
Onyeali-Ikpe Assumes Office as MD/CEO of Fidelity Bank.
The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank in 1988. She succeeds the erstwhile MD/CEO, Mr. Nnamdi Okonkwo who retired on December 31, 2020, …
Continue reading “Onyeali-Ikpe Assumes Office as MD/CEO of Fidelity Bank.”
FHC Upholds Mareva Injunction in Access Bank/ SEPLAT’s Case
In a judgement given on the 24 th December,2020, by Justice R.M. Aikawa of the Federal High Court (FHC) sitting in Lagos in the case between Access Bank Plc vs Seplat Petroleum Development Company and others, the FHC upheld an earlier Mareva injunction by allowing Access Bank to hold onto the assets of SEPLAT.This was confirmed by …
Continue reading “FHC Upholds Mareva Injunction in Access Bank/ SEPLAT’s Case”
Man dies after receiving Covid-19 vaccine
, A 75 year old man from Beit Shean died Monday morning from cardiac arrest, about two hours after receiving the Pfizer Covid-19 vaccine.The man received the vaccine at 8:30 in the morning, and waited for the customary time at the health clinic before he was released to his home feeling well.Sometime later, however, the …
Continue reading “Man dies after receiving Covid-19 vaccine”
FG orders removal of N20 NIN retrieval charge across all networks
The FG has directed the NCC and the NIMC to remove the N20 USSD fee imposed on subscribers for NIN retrieval requests. The Federal Government has directed the Nigerian Communications Commission (NCC) and the National Identity Management Commission (NIMC) to remove the N20 USSD fee on subscribers willing to check their NIN status through their …
Continue reading “FG orders removal of N20 NIN retrieval charge across all networks”
Pres. Buhari orders reopening of land borders
experts raise smuggling alert as FG retains rice, poultry ban President Muhammadu Buhari has approved the immediate reopening of four of Nigeria’s land borders. The Presidency made this known in a tweet today. “President Buhari has directed the immediate opening of four land borders: Seme, Illela, Maigatari, and Mfun,” @NGRPresident tweeted. Nigeria had in August …
Continue reading “Pres. Buhari orders reopening of land borders”
STANBIC BANK: STILL MOVING STRONGLY AHEAD
Invincible and unassailable, two key words associated with warriors of inestimable power and qualities , no doubt, better describe the exploits of Stanbic-Ibtc Bank Plc in the first half and third quarter of this ongoing financial year of 2020. The rationale behind the above remark may not be far to seek .Major macroeconomic indices were …
Continue reading “STANBIC BANK: STILL MOVING STRONGLY AHEAD”
Heated Controversy Over Unpaid Loans As Access Bank Seals Up Seplat Offices
In a dramatic move on Friday , December ,4th ,2020, Access Bank sealed the offices of Seplat Petroleum Development Company (Seplat) over third party loans owed to it by Cardinal Drilling Services. Access Bank is understood to be grappling with a string of bad loans issued under the defunct Diamond Bank. Sources revealed that the …
Continue reading “Heated Controversy Over Unpaid Loans As Access Bank Seals Up Seplat Offices”
House of Reps Hails NNPC’s Strides in Transparency
…As Kyari Defends NNPC 2021 Budget at NASS The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability. Chairman of the Joint Committees, Hon. Musa Sarki Adar, gave the commendation at a 2021 Budget …
Continue reading “House of Reps Hails NNPC’s Strides in Transparency”