The management of Dangote Cement Plc has disclosed that it plans to pay N340 billion as dividends to its shareholders for the year ended 31 December, 2022. The company’s AGM is slated for April 13, 2023. Shareholders are expected to approve the proposal for the huge sum to be paid. In a notice
BUSINESS
The Minister of State for Petroleum Resources, Timipre Sylva, has said the Port Harcourt refinery is near completion. The three refineries in the country; Warri, Port-Harcourt, and Kaduna have been moribund for years. However, Sylva said the Port Harcourt refinery should be ready before the end of the second quarter of the year. He disclosed […]
There are indications that More Naira notes would be released to commercial banks by the Central Banks Of Nigeria, CBN Wednesday. Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash with Naira […]
The Central Bank of Nigeria, CBN, has said that the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja when he read the communiqué issued at the end of the 290th meeting of the Monetary […]
Nigeria’s inflation trend remained high and largely unchanged across all sectors in February 2023, says a new report from the KPMG. The KPMG said the crisis necessitated by the redesigning of naira notes policy of the Central Bank of Nigeria (CBN) had not slowed down inflation in the country as it was anticipated. The global […]
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has apologised to Nigerians for the glitches experienced while trying to effect various e-payment transactions. Emefiele made the apology at the post Monetary Policy Committee (MPC) briefing in Abuja on Tuesday. The CBN governor admitted that some “isolated cases still persist” but these cases were being […]










