1. FG $22bn loan request rejected by Chinese bank – Reps
The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank.. Read more
Source: https://punchng.com/fg-22bn-loan-request-rejected-by-chinese-bank-reps/
2. Foreign Investors’ Inflow into Stock Market Drop to N13.52bn Over Political Tension
Foreign investors inflow in stock market of the Nigerian Exchange Limited (NGX) dropped to N13.52billion between January and February 2023, attributable to political tension and high inflationary pressure.. Read more
3. Bank Customers Groan as Maximum Lending Rate Reached 28.75% in February
Following the Central Bank of Nigeria hike in its Monetary Policy Rate, the maximum lending rate in the banking sector increased to 28.75 per cent in February, translating into high cost of borrowing by bank customers… Read more
4. Nigerian entrepreneur gets UK summit recognition
NIGERIAN entrepreneur, Melody Okwuazu, has won the outstanding entrepreneur missionary award at the United Kingdom Investors Summit 2023 held at the Parliament House of Lords in London… Read more
Source: https://punchng.com/nigerian-entrepreneur-gets-uk-summit-recognition/
5. Stanbic IBTC Receives Commendation for Sustaining Support for Agribusinesses
Sayed Farms Limited (SFL) has commended the Stanbic IBTC Bank for its sustained financial support to operators in the Nigerian agricultural sector.. Read more
6. Maritime economy key to Lagos 30yrs economic plan — Employment Clinic
The Chief Executive Officer, Employment Clinic, Ronke Kosoko, has said that the maritime economy cannot be ignored if Lagos State must achieve its 30 years Economic Plan.. Read more
7. Unilever Nigeria appoints new ED, secretary
Unilever Nigeria has appointed a new executive director and company secretary.. Read more
Source: https://punchng.com/unilever-nigeria-appoints-new-ed-secretary/
8. Zenith Bank grows gross earnings by 24% to N946bn
Zenith Bank Plc grew its gross earnings by 24 per cent from N765.6n as of the end of 2021 financial period to N945.5bn in the corresponding period of 2022.. Read more
Source: https://punchng.com/zenith-bank-grows-gross-earnings-by-24-to-n946bn/
9. NNPCL to boost oil reserves to 50 billion barrels
The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels to 50 billion barrels, the Nigerian National Petroleum Company Limited, announced on Tuesday.. Read more
Source: https://punchng.com/nnpcl-to-boost-oil-reserves-to-50-billion-barrels/
10. Rising cyberattacks threatening digital economy – Minister
The Minister of Communications and Digital Economy, Isa Pantami, has stated that a recent spike in the number of recorded cyberattacks in Africa is threatening the growth of the continent’s digital economy… Read more
Source: https://punchng.com/rising-cyberattacks-threatening-digital-economy-minister/
