Business & Economy - Page 116

By MIKE ABBAH The Managing Director/CEO, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has re-emphasised the commitment of the Corporation towards ensuring financial service stability in the country. He also noted that the Corporation would remain steadfast in the pursuit of

From Fred Ezeh, Abuja Former President, Goodluck Jonathan, and the Emir of Kano, HRH, Muhammadu Sanusi II, clashed in Abuja, on Thursday, over the insistence of the latter that $49.8bn was allegedly embezzled during the administration of former President Jonathan. Former President

The Managing Director of Powell Homes and Shelters Limited, Onyekachi Emmanuel, has called on Governors of the South East States to regularise the levies estate developers and investors pay to the youths of various communities in the name of “Ogbanecheagu levy.” Emmanuel,

To underscore Nigeria’s growing attractiveness as a destination for substantial foreign investments, promising significant advancements in both the energy and logistics sectors, Vice President Kashim Shettima has expressed enthusiasm at ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, highlighting it

The Nigerian naira continued its downward trajectory against the US dollar, closing at N1,667. Hv42 in the official Investor and Exporter (I&E) window yesterday (Wednesday, September 25).  This marked a 0.54% depreciation from the previous day’s close of N1,658.48, highlighting the ongoing

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government to increase its stake in Dangote Refinery from 7% to 45%. PENGASSAN President, Festus Osifo, made this appeal during the presentation of recommendations from the

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed concerns over the decision by the Central Bank of Nigeria (CBN) to increase the monetary policy rate to 27.25 percent. In a statement, the National President of NACCIMA, Dele