It’s a known fact that, back in the days, there is always a big gap between the rural and urban inflation rate, but that is not the case in recent times. The rural areas have seen a very close gap in inflation rate between them and urban dwellers. This is[Read More…]
Business
Firstbank Deepens Financial Inclusion With Largest Agent Banking Network, Empowers SMES
At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank’s commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for. In an interview with BusinessDay, Adesola Adeduntan, FirstBank’s CEO, noted that over N9.6 trillion[Read More…]
Dangote Loses $900m, Drops Eight Places On Billionaires List
Dangote Industries Limited ended trading on the Nigerian Stock Exchange, Friday, as the biggest loser leaving its owner, Aliko Dangote, with a drop in net worth by $900m. Bloomberg Billionaires Index which ranks the first 500 richest people in the world showed that his wealth fell from $18.4bn on Thursday[Read More…]
Access Bank Cautious On Loans In H2
The management of Access Bank Plc observed a cautious mood on new lending over the first half of the current financial year ended June 2020. The caution appears to be warranted by rapidly rising credit loss expenses facing the bank for the second year. Bad loans are on the rise[Read More…]
Between Social Distancing and Consumer Compliance
As federal government weigh plans to resume economic activity against the threat of furthering the spread of COVID-19, some states have forged ahead with reopening plans with a clause to holding firm with social distancing measures. In public health, social distancing, also called physical distancing, is a set of non-pharmaceutical[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]