Sunday, October 31, 2021

CBN: Credit to Private Sector Reached N33.84trn in September


Darasimi Adebisi
The Banking sector credit to the private sector increased month-on-month (M-o-M) by N425.9 billion to N33.84 trillion as of September, up from the N33.4 trillion it was as at the end of August 2021.

‘Investment in African Data Centres Will Boost Nigeria’s Digital Economy’


Emma Okonji

The Chief Executive Officer of Medallion Data Centre Limited, formerly Medallion Communications Limited, Ikechukwu Nnamani has said the recent announcement by Digital Realty, a global provider of cloud and carrier-neutral data centre services, to invest $500 million into African Data Centre operations, will boost Nigeria’s quest for a fully digital economy in the near future.

Heirs Insurance Expresses Commitment to Transforming Insurance Business in Nigeria


Ebere Nwoji

The Management of Heirs Insurance Group, comprising of Heirs Insurance Limited (HIL) and Heirs Life Assurance(HLA) have said that they were committed to

AfDB President Wants Nigeria to Address Energy Deficiency to Boost Industrial Output


Akinwumi Adesina

James Emejo

The President of African Development Bank (AFDB), Dr. Akinwumi Adesina has said that addressing the country’s energy deficiency and reliability would boost the industrial sector performance and growth.

Okonjo-Iweala: Nigerian’s Banking Sector Has Contributed Immensely to the Development of the Country


Nume Ekeghe

The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has applauded the stability of the Nigerian banking sector citing it as a catalyst to the recovery and development of the country.

Despite Economy Challenges, Dangote Cement, MTN, 7 Others Record N1.29trn Profit in 9 Months


Kayode Tokede

Amid macro economy challenges, orchestrated by COVID-19 pandemic, among others, nine most capitalised stocks on the Nigerian Exchange Limited (NGX) reported 22 per cent increase in profit before tax to N1.29 trillion in nine months ended September 30, 2021 from N1.06 trillion reported in nine months of 2020.

CBN Unveils ‘100 for 100’ Policy


Obinna Chima

The Central Bank of Nigeria (CBN) has unveiled selection criteria for private sector companies to participate in its new financial instrument tagged, “The 100 for 100 PPP – Policy on Production and Productivity,” which was announced last week

Standard Bank Partners Flutterwave to Drive Digital Transformation Efforts Across Africa


Nume Ekeghe

Standard Bank has partnered with Flutterwave to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi.

eNaira and Future of Money


binna Chima writes on the expected benefits of the newly introduced eNaira

President Muhammadu Buhari last week unveiled the Central Bank Digital Currency (CBDC), also known as the eNaira, in Abuja.

Entrepreneurship, Catalyst for Industrialisation


Abdullahi Musa

It is on record that no nation can achieve real development without industrialisation. It is in the light of that the Central Bank of Nigeria (CBN), in the

AfDB to create 25 million new jobs by 2025 — Adesina



Akinwunmi adesina. Photo; TWITTER/AKINADESINA

Dr Akinwunmi Adesina, the President, African Development Bank (AfDB) says the bank is targeting to create 25 million new jobs by 2025.

Govt building future where oil won’t be economic mainstay – Trade & Investment Minister

 By Olawunmi Ojo

Minister of Trade, Industry and Investment, Otunba Niyi Adebayo

In this interview, Minister of Industry, Trade and Investment, Otunba Niyi Adebayo spoke to OLAWUNMI OJO on efforts being made by the federal government to diversify Nigeria’s economic base, ease investment and business operations, and reduce trade barriers in a bid to increase job opportunities for the nation’s teeming population.

FG hinges Nigeria’s bond performance on scheduled repayment of loans


By Mathew Ogune, Abuja

Mrs. Zainab Ahmed, Honourable Minister of Finance, Budget and National Planning

Nigeria is doing well in the bond market because it does not default in repayment, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.

‘Public debt expansion rate outweighing revenue mobilisation capacity’

 By Bankole Orimisan

Stakeholders in the financial sector of the economy have expressed concerns that Nigeria’s public debt in the last five years had increased at an average of 21.02 per cent while the economic growth figure averaged 0.15 per cent.

150 days after ban, Nigerians await truce between FG, Twitter


FILES] A man looks at newspapers at a newsstand in Abuja, Nigeria June 5, 2021. REUTERS/Afolabi Sotunde

By Adeyemi Adepetun (Assistant Editor, ICT)

Uncertainty continues to trail Federal Government’s plan to lift the ban placed on the micro-blogging platform, Twitter, in Nigeria, 150 days after, and exactly a month... ‘Suspension may be lifted this week’



British banks exit Africa as unstable currencies and ‘risks’ raise costs of operations

British PIC

A BPR-Atlas Mara banking hall in Kigali Rwanda. Atlas Mara Ltd is at the tail end of exiting Africa. FILE PHOTO | CYRIL NDEGEYA | NMG

By The East African

Britain's top banks are pulling out of Africa and casting doubt on the economic growth prospects of a continent that has been riding on the narrative of ‘‘Africa Rising’’ for more than a decade.

Taliban supreme leader makes first public appearance

Taliban pic

Undated handout photograph released by the Afghan Taliban on May 25, 2016 shows, according to the Afghan Taliban, the new Mullah Haibatullah Akhundzada posing for a photograph at an undisclosed location.


Taliban supreme leader Haibatullah Akhundzada addressed supporters in the

Necta names 10 best Standard 7 pupils as Twibhoki Primary School dominates

By Paul Owere

 Executive Secretary Dr Charles Msonde

Dar es Salaam. The National Examination Council of Tanzania (Necta) has released the 2021 Primary School Leaving Examinations results naming the Top 10 pupils.

Necta releases 2021 Standard 7 examination results

Schools PIC

By Rosemary Mirondo
By Louis Kalumbia

Dar es Salaam. The National Examinations Council of Tanzania (Necta) has on October 30, announced that more than 900, 000 puoils equivalent to 81.97 percent of pupils who sat for the 2021 Primary School Leaving Examination (PSLE) have passed.

Saturday, October 30, 2021

Mo Amin’s life collection of photograhy shared online

Mo Amin

Mo Amin: Eye of Africa —Google Arts & Culture. PHOTO | COURTESY


Art lovers can now view Mo Amin’s life collection of photos online in one of the largest internet exhibitions.

Tullow in search for partners for Turkana oil production


A truck loaded with crude oil heading to Mombasa under the Early Oil Pilot System. PHOTO | FILEBy BRIAN NGUGI

British exploration firm Tullow Oil has stepped up a search for a strategic partner to help implement a development plan for oil production in Turkana County.