Nigeria Breaking News Today Headlines Friday 25th October 2019
Here are some of the Nigeria Breaking News Today Headlines on some of the newspapers.
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New wage: Governors next in line
Satisfied that it had exhausted negotiations with the Federal Government with the consequential adjustment crisis settled, organised labour is set for another battle with state governors over implementation. Sunday Ojeme reports Done with the controversy surrounding consequential adjustment over the new minimum wage with the Federal Government, organised labour is setting out
Newtelegraph.
Labour seeks sincerity in wage implementation
Still smarting from its last meeting with the Federal Government over the new minimum wage consequential adjustment, organised labour has again reminded the former that it will resume another round of agitation if it fails to backdate the implementation of the agreement. Issuing the threat in a statement, the acting national Chairman of the Trade
Newtelegraph.
Report: Nigeria, others earn €127m from agric value chain
Africa realised revenue of €127 million along the agriculture value chain last year, despite the availability of a market valued at €2.3 billion, the Digitisation of African Agriculture Report (2018-2019) has said. That, according to the report by the Technical Centre for Agricultural and Rural Cooperation (CTA), a global body, was due to the significant
Newtelegraph.
‘CBN’s lending policy’ll push down loan yields’
Even as the Central Bank of Nigeria (CBN) shows no sign of dropping its tough stance regarding new measures to compel banks to lend to the real sector, Lagos-based financial services firm, CSL Research, has warned that the apex bank’s policy may lead to a decline in lenders’ loan yields. In a report obtained by
Newtelegraph.
Interswitch completes N23bn bond placement
Following the registration of a N30 billion debt issuance programme with Securities and Exchange Commission (SEC), Interswitch Limited has successfully concluded a N23 billion Series 1 Fixed Rate Senior Unsecured Callable Bonds issue, via a special purpose vehicle (SPV), Interswitch Africa One PLC. In a statement, the company said the Series 1 Issue priced at
Newtelegraph.
Foundation invests N1.5bn to support smallholder farmers
In a bid to achieve sustainable agricultural development progrommes in the country, the British American Tobacco Nigeria Foundation (BATNF) has invested about N1.5 billion to support rural smallholder farmers in production of food crops, aqua culture and livestock. The foundation also stated that it had supported the federal and state government in the areas of
Newtelegraph.
NSE reverses gain, shaves off 0.15%
Trading activities on the floor of the Nigerian Stock Exchange yesterday closed negative to upturn previous day’s gain as bears regained its grip on the bourse following. The local bourse recorded five gainers against 20 losers to begin trading on negative route. Consequently, the All-Share Index dipped 40.7 basis points or 0.15 per cent to
Newtelegraph.
Total reports N204m Q3’19 loss
Total Oil Plc has posted a loss after tax of N204.844 million for the nine months ended September 30, 2019 as against N7.665 billion posted in 2018. Loss before tax stood at N116.950 million from N11.439 billion posted in 2018. Revenue dropped marginally by two per cent from N226.914 billion in 2018 to N221.835 billion.
Newtelegraph.
GTBank posts N171bn pretax profit in 9 months
Guaranty Trust Bank Plc has reported a profit before tax of N170.7 billion for the nine months ended September 30, 2019, representing a growth of 3.9 per cent over N164.2 billion recorded in the corresponding period of September 2018. A review of the results shows positive performance across all financial indices, reaffirmed the bank’s position
Newtelegraph.
Emerging markets: StanChat partners IFC on $1bn facility
Standard Chartered and International Financial Corporation (IFC), a member of the World Bank Group, have established a $1.0 billion facility to boost trade finance in emerging markets, helping to sustain trade flows in developing countries and narrow the gap in global trade finance. The initiative will support significant trade flows in emerging markets by allowing […]
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