1. $22bn needed to turn around free zones in Delta, other states
To fully realise the gains of economic zones, an investment of about $22 billion is required in Delta and other states of the federation to revamp the sector, the Managing Director of the Nigeria Export Processing Zone Authority, Prof Adesoji Adesugba, has said… Read more
Source: https://punchng.com/22bn-needed-to-turn-around-free-zones-in-delta-other-states/?amp
2. NDIC Begins Verification of Insured Depositors of Defunct Peak Merchant Bank
The Nigeria Deposit Insurance corporation (NDIC), has said verification of insured depositors of Peak Merchant Bank in-liquidation had commenced towards payment of their insured sums… Read more
3. Digital Banking: Access Holdings, GTCO, UBA Report N7.19trn USSD Transaction in 2022
Three big banks, Access Holdings plc, United Bank for Africa Plc (UBA) and Guaranty Trust Holding Plc has announced N7.19 trillion Unstructured Supplementary Service Data (USSD) transactions in 2022… Read more
4. Veritas Assurance grows profit after tax by 46% in 2022
The Managing Director of Veritas Kapital Assurance Plc, Kenneth Egbaran, has reported a 46% increase in profit after tax from N570.4 million in 2021 to N833.6 million in 2022, in its 2022 Audited Financial Statement results… Read more
Source: https://punchng.com/veritas-assurance-grows-profit-after-tax-by-46-in-2022/?amp
5. NANS gives MultiChoice seven days to reverse price hike
The National Association of Nigerian Students, South-west Zone, has given MultiChoice Nigeria, a seven-day ultimatum to reverse its planned hike on DSTV and GOTV subscription rates… Read more
Source: https://punchng.com/nans-gives-multichoice-seven-days-to-reverse-price-hike/?amp
6. WTO, World Bank, others collaborate on climate change
The World Trade Organisation, the World Bank Group and the World Economic Forum have announced the launch of “Action on Climate and Trade”… Read more
Source: https://punchng.com/wto-world-bank-others-collaborate-on-climate-change/?amp
7. FG, US firm sign MoU on $15bn rail project
The Federal Government, through the Ministry of Niger Delta has signed a deal with a United States based firm, Atlanta Global Resources Inc, for the construction of a $15bn rail project that will stretch across all nine Niger Delta states… Read more
Source: https://punchng.com/fg-us-firm-sign-mou-on-15bn-rail-project/?amp
8. SIFAX Group gets new company secretary
SIFAX Group has appointed Mrs Jesuyemisi Odeyemi as the new group head, legal services/company secretary.. Read more
Source: https://punchng.com/sifax-group-gets-new-company-secretary/?amp
9. Aviation provides critical relief in crises – IATA
The International Air Transport Association has reminded stakeholders of the critical role that aviation plays during natural disasters and humanitarian crises… Read more
Source: https://punchng.com/aviation-provides-critical-relief-in-crises-iata/?amp
10. Cash shortages in Q1 to weaken Nigeria’s growth in 2023 –Fitch
Fitch Solutions, the research arm of credit rating agency, Fitch ratings, has predicted that Nigeria’s economy will grow by only 2.3 percent this year, down from 3.1 percent in 2022… Read more
Source: https://www.ripplesnigeria.com/cash-shortages-in-q1-to-weaken-nigerias-growth-in-2023-fitch/
