Good morning, here are the latest top business news headlines for today Tuesday, April 2021.
CSCS Proposes Dividend Of N5.85bn In 2020
The Central Securities Clearing System (CSCS) proposes a dividend payout of N5.85 billion for 2020 which represents N1.17 per share.
In 2020, the firm’s operating income stood at N12.087 billion, higher than the…Read more
FG Goes Tough, Bans Importation Of Refined Sugar
The Federal Government has prohibited the importation of refined sugar and its derivatives from the nation’s Free Trade Zones (FTZs), in a bid to protect the sugar industry, which is governed by the Nigerian Sugar Master Plan (NSMP).
The prohibition move, which came through a directive from the Minister, Ministry of Industry…Read more
Bad Loans Rise To N166.29bn – NBS
The Nigerian banking industry witnessed a 15.69 percent rise in bad loans in 2020, the National Bureau of Statistics (NBS) disclosed this in its banking sector report released on Sunday.
This is an indication that N166.29 billion loans have not been paid by bank creditors in…Read more
Banks Processed N356.47tn E-payments In Q4 2020
Electronic payments processed by Nigerian banks in the fourth quarter of 2020 was N356.47 trillion, the National Bureau of Statistics (NBS) disclosed this in its latest report.
This represents 11.4 percent quarter-on-quarter growth in the value of transactions as…Read more
Nigerians Consume 1.5m Metric Tons Of Sugar
The Executive Secretary of the National Sugar Development Commission (NSDC), Zach Adedeji, said that Nigerians consumed 1.5 million metric tons of sugar.
He stated this when he received the Deputy Chief Operation Officer, Agro-Allied Division at…Read more
ANALYSIS: Food Inflation Pushing Millions Of Nigerians Into Hunger, Poverty
The prices of essential food items are rising beyond the reach of Nigerians and this situation is deepening hunger and dragging more people into poverty.
Last year, the COVID-19 pandemic and lockdown affected local food production and…Read more
BUA Cement Rejects Claims Of N300 Price Increase Per Bag
BUA Cement rejected claims that it had increased the price of a bag of cement by N300, stating that it had no intention of doing so.
This was disclosed by the company’s management shared on Twitter debunking such claims…Read more
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