vanguardngr.com mixed news headlines
NESG mulls shift to broad-based diversified economy
Worries over present volatile, unstable economic space By Nkiruka Nnorom The Nigerian Economic Summit Group (NESG) has canvassed a transformation Nigeria from a dependent to a more broad-based diversified economy that focuses on vari
Freight forwarders charge terminal operators to automate operations
By Godfrey Bivbere Grace Okpaneka Freight forwarders underthe aegis of National Association of Government Approved Freight Forwarders, NAGAFF, have charged terminal operators at the Lagos ports to automate their operations to improve servic
Banks increase lending to agric by 24.2% to N2.6trn
As sectors share of total credit falls to 5.1% By Babajide Komolafe, Economy Editor Banks lending to theagricultural sector rose by 24.2 per cent, year-on-year, YoY, to 2.6 trillion in 2023 from N1.82 trillion in 2022. The Cen
Naira depreciates to N1,365/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,365 per dollar in the parallel market, from N1,320 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market , NAFEM, to N1,402.67 p
SDGs: Access Bank advocates innovative financing models
By Yinka Kolawole Access Bank Plc haschampioned the call for corporate organizations to leverage innovative financing models and strategic partnerships in fostering the achievement of the United Nations Sustainable Development Goals (SDGs).
Inflation softens PMI to marginal rise of 51.1 points
By Peter Egwuatu The Purchasing ManagersIndex, PMI, rose marginally to 51.1 in the month of April 2024, occasioned by the slowdown in rate of increases in prices and output charges. The Stanbic IBTCs PMI survey report released yester
Transcorp posts 1475% rise in PBT to N45bn in Q124
By Elizabeth Adegbesan TransnationalCorporation Plc, Transcorp, a listed conglomerate with investment in the power, hospitality, and energy sectors, said its profit before tax (PBT) grew year-on-year (YoY) by 1,475 percent to N45.7 billion
NDIC raises deposit insurance coverage by 900%
By Emma Ujah, Abuja Bureau Chief The Nigeria DepositInsurance Corporation (NDIC) has increased maximum deposit insurance coverage of Deposit Money Banks (DMBs) and Mobile Money Operators (MMOs) by 900 percent to N5 million from N500,000, wh
Dangote Sugar to commit $700m to backward integration
By Providence Ayanfeoluwa Dangote Sugar Plc hasexpressed commitment to investing over $700 million to Backward Integration Program, BIP, in the sugar sub-sector of Nigerias economy. Chairman of the company, Aliko Dangote , who disclo