Growth slowed in 1Q19
Nigeria’s headline real GDP growth slowed to 1.9% in 1Q19 from 2.4% in 4Q18, largely due to a sharper contraction in oil production. Non-oil GDP growth also slowed marginally to 2.5% from 2.7% in 4Q18, reflecting the clearly subdued growth environment. Non-oil growth was again primarily driven by the continued boost from the telecom sector, after the one-off growth adjustment in 2Q18; the sector accounted for more than half non-oil growth in the quarter.
R-L: Coordinator, Mandela Washington Fellowship, Austin Emeanua; Head, Corporate Communications and Marketing, Union Bank, Ogochukwu Ekezie-Ekaidem; Founder, Mamamoni Empowerment Foundation (MEF), Nkem Okocha and Trustee, MEF, Okhai Olaghere, during the launch of the Mamamoni Innovation Hub sponsored by Union Bank, in Lagos recently.
As part of its commitment to boost women empowerment, talent development and financial inclusion, Union Bank recently partnered with Mama Moni Empowerment Foundation to set up an Innovation Hub for low-income women and girls from urban slum communities.
L-R: Chief Executive Officer of Moven, United Kingdom, Brett King and Group Managing Director, Access Bank Plc., Herbert Wigwe making hand signals symbolizing ‘Banking 4.0’.
.Support tech startup with $10,000
Leading financial institution, Access Bank Plc., in collaboration with the Africa Fintech Foundry (AFF), highlighted the importance of digital innovation and strategic partnerships among stakeholders in the financial sector.
…Says FG to soon disburse N649.434bn Paris Club refunds to states
PAULETTE ORJIME, Abuja
MINISTER of Finance, Mrs Zainab Shamsuna Ahmed,has disclosed that Nigeria’s external reserve now stands at $44.69 billion as at May 13, 2019, which grew from $28.3 billion in 2015.
MTN Nigeria Communication Plc Thursday listed its 20.35 billion (20,354,513,050) ordinary shares at N90 per unit on the Premium Board of the Nigerian Stock Exchange (NSE).
Constant Shareholders Association of Nigeria, Alhaji Shehu Mikail.
Investors have expressed optimism that the long awaited listing of shares of MTN Nigeria Plc on the floor of the Nigerian Stock Exchange (NSE) will further boost investor’s confidence in the Nigerian capital market.
Chief Executive Officers (CEOs) of Manufacturing Companies in Nigeria has called on the federal government to repair and expand the roads leading to Lagos Ports and make other ports outside Lagos functional so as to address the gridlock challenges and the associated cost.
Mary Uduk, SEC DG
In a bid to ensure that investors get more value for their investments and thereby positively impact on their earnings per share, the Securities and Exchange Commission (SEC) is seeking to create a sub rule to regulate the conduct of Annual General Meetings (AGMs).
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria(ABCON).
The Association of Bureaux De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) Clean Note Policy and Banknote Fitness guidelines meant to remove dirty, mutilated and unfit naira notes in circulation from the financial system.
The Federal Executive Council (FEC) on Wednesday approved the sum of N970.2 million for the provision of residential accommodation for the Nigeria Customs Service (NCS).