Thieves grabbed jewels and other treasures worth up to a billion euros from an eastern German museum in the early hours of Monday, Bild newspaper reported. The intruders cut the electricity supply in Dresden’s Gruenes Gewoelbe, or Green Vault museum, which houses one of Europe’s largest collections of jewelry and court riches, the newspaper...
Read MoreInvestors’ appetite for banking stocks pushed up the Nigerian Stock Exchange (NSE) main index to a five-week high as the all-share index rose 1.91 percent on Thursday. Stockbrokers said investors’ hunger for banking stock was driven by the restriction of individual and institutional investors’ from buying local debt by the central bank. At Wednesday’s...
Read MoreNigeria lowered yields on domestic debt to single-digit as it sold N125.23 billion worth of the short-dated Treasury Bills to investors at an auction on Wednesday. Investors had offered to buy up to 556 billion naira worth of the paper at the auction, but their bids were rejected by the Central Bank of Nigeria...
Read MoreThe Joint Border Security Drill also known as operation ‘Swift Response’ says it has so far seized items worth N2.9 billion since the partial border closure. The spokesperson of the operation, who is also the Public Relations Officer of Nigeria Customs Service (NCS), Mr Joseph Attah, told the News Agency of Nigeria (NAN) in...
Read MoreThe United Bank for Africa (UBA) and British Airways on Wednesday announced a partnership that will create incentives and reward their loyal customers who are cardholders of the lender. According to a statement by the two organisations, the incentives based promotion, which will last for six months from November 2019, will ensure that UBA...
Read MoreThe Institute of Chartered Accountants of Nigeria has delisted 14,337 non-financial members who are owing the association dues for more than three years effective from November 1, 2019. The professional accountancy body, in a statement signed by its registrar John I. Evbodaghe, said it has also suspended 11,240 members who are owing dues covering...
Read MoreNigeria has directed its telecoms regulatory body and industry operators to work out modalities to crash the cost of mobile data for consumers, and they both have one week to carry out the assignment. According to the Minister of Communications and Digital Economy, Isa Ali Pantami on Tuesday, the Nigerian Communications Commission (NCC) must...
Read MoreA former executive Vice Chairman of the Nigerian Communications Commission (NCC) Ernest Ndukwe has resigned his position as a director of Nigerian biggest bank by assets Access Bank Plc, effective from March 2020, the lender announced on Tuesday. Ndukwe joined the board of Access Bank as an Independent Non-Executive Director in January 2013. In...
Read MoreRecently, the FGN approved wage increment for civil servants following stand-offs with the Labour Union. By 2020 budget estimates, this will be funded by tax increments and related revenues. One argument for the wage adjustment, despite the funding burden, is the likely net positive impact on output growth. By expenditure approach, Consumption accounts for...
Read MoreAccess Bank Plc, Nigerian biggest lender, plans to open operations in four additional African countries in the next year, following its takeover of Transnational Bank Ltd. of Kenya. “By this time next year we would probably have added about four more subsidiaries, most of them greenfield,” Chief Executive Officer Herbert Wigwe has said. South...
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