Ogun State, Nigeria, World News & Stories
31 posts.
About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn from their Retirement Savings Accounts in 10 months Records from the National Pension Commission have revealed that more job losers have continued to approach their Pension Funds Administrators to access parts of the funds in…
Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The international rating organisation said this in its report on Tuesday entitled ‘Fitch Ratings sees gradual recovery for African banks in 2021’. Part of the report read, “Foreign-currency liquidity risks have not materialised, particularly in Nigeria but present a significant…
The Nigerian stock market recorded another growth last week to sustain the positive trend as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.86 per cent to close at 28,659.45.Similarly, market capitalisation added N127.6 billion to close at N14.98 trillion. As a result, the year-to date (YTD) growth stood at 6.8 per cent.…
Dangote Industries has announced new appointments to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory. Africa’s foremost indigenous conglomerate, in the new organizational rejig, made Mr. Olakunle Alake the erstwhile Chief Operating Officer (COO) as the new Group Managing Director. Dr. Adenike Fajemirokun, the Group Chief Risk Officer…
The central bank of China said yesterday, Thursday that it has signed a currency swap agreement with its Nigerian counterpart. A statement by Nigerian’s CBN image maker, Mr. Isaac Okoroafor, corroborated this. Mr. Okoroafor in the statement said that the agreement was a culmination of over two years of painstaking negotiations by both banks. Also,…
Vice President Yemi Osinbajo on Tuesday in Davos, Switzerland, said that the country was ready to partner international investors and friendly nations to develop Nigeria’s manufacturing sector. Osinbajo said this in a statement by his Special Senior Assistant on Media, Laolu Akande, in Abuja. Pay Attention. Read: Why I stand with Buhari By FEMI ADESINA Osinbajo…
SABMiller, the largest breweries in the world which were acquired by Anheuser-Busch InBev (AB InBev) a Brazilian-Belgian Group headquartered in Leuven, Belgium, currently leads 19 other firms in fresh investments worth over $10 billion expected to be completed in Ogun state this year, BusinessDay has learned. BusinessDay reports that the fresh 20 companies which cut…
Illegal revenue collectors caused loss of close to N5bn monthly says Governor Ibikunle Amosun. The Ogun State Governor, Ibikunle Amosun, says the state government has been losing between N3bn and N5bn to the illegal revenue collectors operating across the state. He said this on Monday while marking the commencement of a policy to eradicate duplicity…
Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar, to rival pasta maker De-United Foods Industries, maker of Indomie Noodles. The transaction is valued at 3.75 billion Naira ($12.26 million). De United said it has signed an agreement with Dangote Noodles to buy the…
The announcement by the Minister of Transportation, Mr. Rotimi Amaechi, that cargoes from Lagos ports would be taken to Papalanto, a transit terminal in Ogun State, through the narrow-gauge rail line after their clearance, has generated reactions from agents and importers. Amaechi said during the World Maritime Day celebrations that the Federal Government had reserved…
