Business news
Namibia’s central bank has cut its benchmark lending rate by 25 basis points to 6.75 per cent. The apex bank said in Windhoek that the aim was to support economic growth and maintain the one-to-one link between the Namibian dollar and the South Africa rand. Namibia’s economy slipped into recession in the first quarter of […]
Nigeria and Morocco have set up a steering committee to develop a sustainable crop insurance scheme for the country. The Committee, comprising representatives of the Nigerian Agricultural Insurance Corporation (NAIC), Bank of Agriculture, the Moroccan agricultural insurance company, MAMDA and MAMDA RE. In developing the insurance scheme, the committee is expected to use parametric products […]
The Standards Organisation of Nigeria (SON) has engaged the services of the Nigerian affiliate of an international security printing outfit, MSP Secure Technologies Nigeria Ltd. to introduce a product authentication scheme in Nigeria. The scheme is aimed at assisting Consumers determine the genuineness of products before purchase . Speaking at the signing of the agreement […]
Nigerian equity market has declined for the third consecutive day with a loss of 2.68 per cent due to profit taking. The market capitalisation shed N343 billion or 2.68 per cent to close at N12.443 trillion against N12.786 trillion achieved early in the week. In the same vein, the All-Share Index which opened at 37,096.60 […]
The Federal Government allotted N738.14 million in its August, 2019 and 2020 savings bond sales, the Debt Management Office (DMO) said. The allotment results derived from its website has shown that N215.64 million was allotted at 13.53 per cent with 328 successful subscriptions to mature in August 2019. It stated that N522.50 million was allotted […]