Banking and Finance News & Reports

Ecobank Offers Zero Fees on Rapidtransfer

Ecobank Nigeria is offering zero fees for money transfers on the Rapidtransfer App from now till October 31, in commemoration of the National Diaspora Day. The Federal Government has set aside July 25, of every year as the National Diaspora Day in recognition of the contributions of Nigerians living outside the country towards the development of their homeland. Rapidtransfer …read more →

Economy News & Reports

Ugwuanyi Signs Enugu’s Revised 2020 Budget of N146.4bn into Law

Governor Ifeanyi Ugwuanyi of Enugu State has signed the revised 2020 budget of N146,374,641,080.00 into law, as against the earlier approved budget of N169,557,658,300.00. The revised 2020 budget of N146.4 billion represents 13.67 percent reduction in the initial budget size of N169.6 billion, which amounts to N23,183,017,220.00. The revised budget, which was in response to …read more →

News & Reports Telecom

FG Inaugurates 6 Digital Projects Across the Nation

The Minister of Communications and Digital Economy, Dr Isa Pantami, has inaugurated six completed projects across the country under the digital economy sector. The inauguration, which was done virtually by Pantami on behalf of President Muhammadu Buhari were geared toward supporting developing a digital Nigeria. The Minister noted that the drive was in line with …read more →

Banking and Finance Economy News & Reports

Nigeria Sells N265.94 Billion Worth of Treasury Bills

Nigeria’s Debt Management Office (DMO) sold a total of N265.94 billion across all three tenors of Treasury bills on offer against N468.25 billion total subscriptions from investors. The nation on Wednesday surprisingly increased marginally the yield on its 1-year Treasury bond at an auction, but dropped rates it sold the 3-month and 6-month tenor paper. …read more →

Economy Infrastructure Infrastructure Financing News & Reports

We Take Loans to Develop Key Infrastructure – Makinde as Oyo adopts alternative project funding approach

Oyo State Governor, Engineer Seyi Makinde, has explained that his administration’s determination to fix the huge infrastructure deficit in the state and get the state on the right track for economic growth was behind the move to secure loans that target key infrastructure. In a statement released by his Chief Press Secretary, Mr. Taiwo Adisa, …read more →

Infrastructure Financing News & Reports Tourism

N10 Bn Rights Issue is Transcorp Hotel’s Confidence Boosting Strategy Post-Covid

Transcorp Hotels, a subsidiary of Transcorp Plc has received regulatory approval to raise N10 billion through rights issue to its shareholders. The hospitality company, which is currently building a new hotel structure in Ikoyi area of Lagos is proposing to issue 2.66 billion ordinary shares of 50 kobo each at N3.76 per share to prequalified …read more →