Other News

Zenith Bank Must Have Cut 1,200 Jobs
Uncategorized

Zenith Bank Must Have Cut 1,200 Jobs

There are reports that Zenith Bank PLC, the second largest lender in Nigeria and West Africa must have cut about 1,200 jobs in the last one week. Unconfirmed reports also claim that the bank slashed salaries of the majority of remaining staff by 30%. However, the bank is also feeling […]

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Policy

What Are Sukuk Securities?

You must have been hearing about Sukuk investments and you do not know how it works and what makes it different from other forms of financing. As usual at PageOne Markets, we adapted a well-thought-out crash course on Sukuk written by the FMDQ OTC Securities Exchange and how it is […]

Rotimi Akeredolu Wins Ondo APC Primaries
Uncategorized

Rotimi Akeredolu Wins Ondo APC Primaries

Mr. Rotimi Akeredolu, SAN has emerged as the governporship candidate of the All Progressives Congress. This is a fallout of a well-executed gubernatorial primaries. In a keenly contested primaries which the counting is still ongoing as at the time of writing this report, shows that Akeredolu won by a total of […]

CBN Simplifies Capital Importation Policy
Policy

CBN Simplifies Capital Importation Policy

In order to ensure the country gets back portfolio investors to further shore up Nigeria’s Forex reserve, the CBN has revised its capital importation policy. In a statement signed by W.T Gotring, interested investors both local and international who ”inflowed foreign currency through an Authorized Dealer are henceforth allowed to […]

Nigerian States Shared NGN145.3 Billion In July
Policy

Nigerian States Shared NGN145.3 Billion In July

Nigeria’s revenue squeeze is hitting harder as the latest data from the by Federation Account Allocation Committee, FAAC net statutory allocations to states for the month of July shows that all the 36 states and the FCT shared a total of NGN145,3 billion. The revenue is shrinking further as a result […]

Filmhouse Cinemas Set To Open IMAX Screens In Lekki
Tech

Filmhouse Cinemas Set To Open IMAX Screens In Lekki

Filmhouse Cinemas, a major cinema and entertainment chain is making final preparations to open its first IMAX screens in Lekki. This is coming less than a month after it opened another wing of screens at the Adeniran Ogunsanya Mall Surulere. According to people with the matter, the brand new IMAX […]

Nigeria’s Wage Bill Per Month Is NGN165 Billion
Policy

Nigeria’s Wage Bill Per Month Is NGN165 Billion

In a statement by Nigeria’s Federal Minister of Information, Lai Mohammed, Nigeria’s total wage bill per month is about NGN165 billion, approximately USD526 million. He made the revelations when answering questions on how much the Nigerian government has recovered in its anti-corruption campaign “What we have recovered and if my […]