*Turnover in I&E dips 14% to $1.7bn in Oct By Babajide Komolafe & Elizabeth Adegbesan Foreign exchange (forex) inflow to domiciliary accounts fell by 69 percent, quarter-on-quarter (q/q) in the second quarter of the year (Q2’2020) amidst acute dollar scarcity during the quarter. A domiciliary account is a type of current account that allows you … Read more
Nigerian Stock Exchange By Peter Egwuatu Custodian Investment Plc has declared a Profit After Tax (PAT) of N1.5 billion in the third quarter of 2020, as against N1.37 billion posted the same period in 2019, representing a growth by 9.5 per cent The Company, according to its consolidated financial report for the third quarter, Q3 … Read more
Stock Market *As index crosses 30,000 basis pts By Nkiruka Nnorom The bullish sentiment in the stock market, which has defied all odds in the socio-economic environment, was further strengthened last week following the commencement of third quarter (Q3) 2020 earnings announcement by the corporates. A number of quoted companies, including MTN Communication Nigeria Plc, … Read more
we’ve cultivated over 10 thousand hectares of farmland across Nigeria Nigeria’s digital agriculture startup, Farmcenta, is celebrating her second year of, according to the CEO, consistent impact across six states of the country. According to Akinyemi Ademola, Founder and Chief Executive Officer of Farmcenta, it has been “a journey laden with challenges, as well as … Read more
CBN By Boluwaji Obahopo – Lokoja The Central Bank of Nigeria (CBN) said it is providing and will continue to provide interventions for agriculture and industrial revival of Nigeria as the two sectors amongst others remained a veritable tool towards building a robust economy for the country. CBN acting Director, Corporate Affairs Communications, Mr Nwanisobi … Read more
…Corporation has 6,621 employees as at April 2020 …Emolument averaged N54m per employee By Michael Eboh Staff of the Nigerian National Petroleum Corporation, NNPC, received N357.098 billion as salaries, wages and other benefits in 2019, according to the corporation’s recently released audited financial statement. The NNPC Group had disclosed that its staff strength, as at … Read more
CAIRO, Nov 1 (MENA) – EgyptAir denied on Sunday media reports on establishing a strategic partnership with Cameroon Airlines. In a statement, the company dismissed as groundless reports circulated by some websites. The statement made clear that the circulated reports are nothing but studies the company was conducting on some points in Africa as part … Read more
The power sector has recorded yet another national peak generation of 5,520.40MW on Oct. 30 at 9.15 pm, Mrs Ndidi Mbah, General Manager. Public Affairs, Transmission Company of Nigeria (TCN) made this known in a statement in Abuja on Saturday. She said that the new generation surpassed the previous 5.459 Mega Watts (MW) recorded on … Read more
Cameroon today observes a national day of mourning in execution of the high instructions of the Head of State in memory of the seven kids brutally murdered during an attack at the Mother Francisca Bilingual International Academy, Kumba by gunmen last Saturday. According to the decree declaring this day as a day of national mourning, … Read more
Distance learning in Cameroon, an initiative by the Cameroon government to improve studies for student preparing for the upcoming exams. It’s been a while since the distance learning system was introduced in Cameroon for those who are in examiniation classes. Owing to the Covid-19 outbreak, health measures have to be taken, and one of such … Read more
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