Alert MFB grows assets to N50bn amid inflation, rising credit demand
Alert Microfinance Bank has recorded a 20-fold increase in total assets to N50 billion in three years, as rising inflation, naira depreciation and stronger demand for credit reshape Nigeria's banking landscape.
Nigeria, others to lose $25bn over Ebola —World Bank
The World Bank has predicted that Nigeria and other countries in the West African region could lose $25 billion in economic growth this year due to the Ebola crisis.
Wilko Corporation to take over Avon Crowncaps …
Avon Crowncaps and Containers (Nigeria) Plc has announced the intension of its majority shareholder, Wilko Corporation, to take up the remaining minority equities in the company.
NNPC to collaborate with new Shell MD to reposition sector
The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Dr. Joseph Dawha, has expressed the readiness of the Corporation to work in harmony with the newly appointed Managing Director, Shell Petroleum Development Company of Nigeria, SPDC, Mr. Osagie Okunbor.
FG to provide one million meters to consumers
The Minister of Power, Prof. Chinedu Nebo, has revealed that the Federal Government has concluded arrangement to facilitate the provision over one million meters to the electricity consumers in its determination to address the issue of estimated billing by the electricity distribution companies, Discos.
Rents crash by 50% as businesses, individuals relocate
The persistent traffic gridlock along the Apapa – Oshodi Expressway has forced mass relocation of businesses and individuals out of Apapa, causing property rents to crash by 50 percent.
