Minister of Finance, Budget $ National Planning, Zainab Ahmed on Thursday met with the leadership of the National Assembly on plans to submit the 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) later in July. The Minister, while briefing principal officers of the Senate and House of Representatives led by the Read More…
Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered. The DisCos said on Thursday in Abuja that the massive roll-out of meters would assist in the full take off of the proposed Service Reflective Tariff (SRT). Mr Sunday Oduntan, Executive Director, Research and Read More…
Sentiments in the nation’s bourse weakened on Thursday, with the All-Share Index dropping by 0.01 per cent. Specifically, the All-Share Index (ASI) decreased by 1.51 points to close at 24,276.56 in contrast with 24,278.07 achieved on Wednesday. Accordingly, Month-to-Date and Year-to-Date losses stood -0.8 per cent and -9.6 per cent, respectively. Similarly, the market capitalisation Read More…
Hajia Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) as well as the Fiscal Strategy Paper to the National Economic Council(NEC). Ahmed, who spoke with State House correspondents after the virtual NEC, said it was one of the main consultations that Read More…
The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. The affected companies include Aso Savings and Loans, Deap Capital Management & Trust, DN Tyre & Rubber, FTN Cocoa and Goldlink Insurance. Others are International Energy Insurance, Medview Read More…
The Federal Government is set to develop the country’s”Agenda 2050 and a Medium-Term National Development Plan (MTNDP) 2021-2025 to coordinate sectoral approaches. The Minister of State, Federal Ministry of Finance, Budget and National Planning, Mr Clement Agba made this known while inaugurating a Central Working Group (CWG) for the programme on Wednesday in Abuja. This Read More…
Access Bank Plc has announced plans for acquisition of 100 per cent of Cavmont Bank Limited, a Zambia-based financial institution. The bank disclosed this in a regulatory filing to the Nigerian Stock Exchange (NSE) signed by Mr Sunday Ekwuochi, its Company Secretary. It said the acquisition plan would be consummated through its Zambian subsidiary, Access Read More…
The International Trade Centre has announced the launch of SheTrades Outlook, a digital tool that allows governments and others to track progress on gender equality in trade. It also tracks progress toward achieving Sustainable Development Goal (SDG) 5 to empower all women and girls. ITC launched the SheTrades Outlook at a side event of the Read More…
Africa possesses a more powerful tool in the African Continental Free Trade Area (AfCFTA) for accelerating regional and economic integration, the UN Economic Commission for Africa (ECA) has said. The Executive Secretary of the United Nations body, Ms Vera Songwe, stated this on Tuesday in a virtual panel discussion to mark the inaugural Africa Integration Read More…
The Lagos State Government has given support to the Kick Out COVID-19 Africa, also known as #KOCA Concert, toward combating the novel coronavirus pandemic through technology-driven intervention. Mr Colliins Nnabugwu, Chairman, Organisation for Leadership and Strategy Development (OLSD), organisers of the campaign, gave the assurance in a statement in Lagos on Tuesday. He said that Read More…