Stanbic IBTC Bank Nigeria PMI - Recovery gathers pace in January
Stanbic IBTC Bank Nigeria PMI - Recovery gathers pace in January The recovery in the Nigerian private sector gathered momentum at the start of 2024, with rates of expansion in output and new orders accelerating sharply. Purchasing activity also expanded markedly, but difficulties paying staff meant that the rate of job creation eased, contributing to a rise in backlogs of work. Meanwhile, rates of inflation remained elevated but softened from December. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Inde…
Police arrest 4 suspects in Kano after kidnapping, collecting ransom in Edo
Police arrest 4 suspects in Kano after kidnapping, collecting ransom in Edo The Edo State Police Command said it has arrested four suspected kidnappers in Kano State after allegedly collecting ransom from their victims in Edo. The Public Relations Officer of the command, SP Chidi Nwabuzor, who disclosed this to newsmen, said the suspects were arrested by the Anti- kidnapping and Cyber Crime Unit of the command. Nwabuzor gave the names of the four suspects as Aminu Sadio (24), Umar Aminu (22), Adamu Abubakar (30) and Adamu Tahir (30). He said…
CBN orders banks to sell excess dollars in 24 hours
CBN orders banks to sell excess dollars in 24 hours •Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024. The CBN, which made the disclosure in a new circular released on Wednesday, also warned lenders against hoarding excess foreign currencies for profit. According to officials, the central bank believes some commercial b…
Delivering Results, Making a Difference: Obasa's Transformational Leadership in Lagos Assembly
Delivering Results, Making a Difference: Obasa's Transformational Leadership in Lagos Assembly *By Dave Agboola* Leadership comes in various forms, but only a few possess the ability to truly transform their organisations and leave a lasting impact on their constituents. One such remarkable leader is Rt. Hon. (Dr) Mudashiru Obasa, the Speaker of the Lagos State House of Assembly. Obasa's leadership is distinguished by his unique style of administration. He employs a proactive methodology, consistently searching for inventive soluti…
Fidelity Bank supports Temile Development Company to boost Nigeria’s Gas Revenues
Fidelity Bank supports Temile Development Company to boost Nigeria’s Gas Revenues In what has been termed a significant milestone in the advancement of Nigeria's domestic gas industry and the generation of gas revenues, Temile Development Company Ltd -a key indigenous player in the oil and gas industry- recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading Nigerian bank -Fidelity Bank Plc- and was commissioned at the Hyundai Mipo D…
Emir Endorses The Alternative Bank in Kano
Emir Endorses The Alternative Bank in Kano L-R: Executive Director with The Alternative Bank, Garba Mohammed and Emir of Kano, Alhaji Aminu Bayero during the inauguration of a branch of The Alternative Bank in Kano recently. The arrival of Nigeria's largest ethical bank, The Alternative Bank, has been endorsed by the Emir of Kano, Alhaji Aminu Ado Bayero, as the bank opens its first stand-alone branch in the ancient city. The Emir made the remarks during the launch of the bank, describing it as a transformative force that will significan…
Dangote Cement rewards distributors at Awards night
Dangote Cement rewards distributors at Awards night For their continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its customers’ patronage in the previous years and the company’s acceptability by Nigerians. The Distributors’ award ceremony was in recognition of the distributors’ long-standing commitment, devotion, loyalty, and valuable contribution to the distribution and sale of Dangote C…
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