Nigeria's leading telecommunication company, MTN Nigeria has declared N60 billion as interim cash dividends to be distributed to shareholders, making it N2.95 per share for the first half of the year.
In its effort to transform Nigeria's financial sector, Nigerian Interbank Settlement Scheme (NISS) disclosed on Friday 26th July 2019 that about 38.5 million bank accounts have been linked to the Bank Verification Number.
In a figure released by the NISS, Deposit Money Banks (DMBs) in Nigeria witnessed 1.7 million new BVN registrations in the past five months. This according to the NISS, represents 31 per cent of the total number of bank accounts, and 53 per cent of the total number of active bank accounts in Nigeria.
Nigeria and German company Siemens has agreed to a roadmap that will help the Nation increase Her power supply to 11,000 megawatts by 2023, President Muhammadu Buhari said on Monday. With this agreement, Nigeria will join the likes of Egypt and Iraq who signed a deal with the German company and got 98% increase electricity in two years.
Nigeria's economy is gradually on a positive trajectory as the number of Micro, Small and Medium Scale Businesses (MSMSB) in Nigeria grew by 12 per cent to 41.543 million in 2017 from 37.067 million in 2013. This was contained in the latest National Survey of Micro Small & Medium Enterprises (MSMEs) jointly conducted by National Bureau of Statistics (NBS) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
On Thursday, 18th July 2019, the Federal Government of Nigeria (FGN) through Debt Management Office (DMO) has offered for subscription by auction of N145 billion worth of bonds in its scheduled July 24, 2019 auction.
This offer was made known in a circular offer obtained from DMO's website stating that it would sell N40 billions of a five-year re-opening issue maturing in April 2023 at 12.75 per cent.
Emerging reports indicate that President Muhammadu Buhari has ordered the immediate implementation of the National Minimum of Wage of N30,000 monthly to all federal civil servants earning less than N30,000 monthly. This was disclosed by the Executive Chairman, National Salaries, Incomes and Wages Commission (NSIWC), Dr Richard Onwuka Egbule, at a press briefing in Abuja.
Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk has disclosed that the agency is in collaboration with relevant stakeholders to sensitize investors on the need to regularize their multiple accounts. She opined that the move would enable them to claim their dividends on time.