RECENT POSTS

Offshore firm in partnership to uplift cargo handling

Lagos Deep Offshore Logistic (LADOL), a logistics company, is partnering with Mammoet, a global leader in engineered heavy lifting and transport, to...

Nigeria to establish Agro- industry in districts

The Minister of State for Industry, Trade and Investment, Mr Mariam Katagum, has said the Nigeria would establish an Agro-allied industry in...

AfDB says continent unmet infrastructure demand hits $108bln

Dr  Akinwumi Adesina, the President of African Development Bank (AfDB), says the continent’s unmet infrastructure demand is worth 68 to108 billion dollars a...

Toyota recalling 3.4 million cars

Toyota is recalling about 3.4 million vehicles worldwide over the suspected malfunctioning of airbags, the carmaker said on Wednesday.

German supermarket, Kaufland quits Australia

In a move that shocked Australian state governments and industry, German supermarket giant, Kaufland, has scrapped plans to open a string of...

Nestlé re-launches product

Nestlé Nigeria has re-launched its Golden Morn brand, a product created and produced in Nigeria by Nigerians with 100 per cent locally-sourced...

AfDB calls for robust trade between Africa, UK

The President of African Development Bank (AfDB), Dr  Akinwumi Adesina, has called for more robust trade between United Kingdom and Africa as trade...

Significance of Belt and Road Initiative to Nigeria, Africa

By Lawal Sale Maida Since Nigeria joined the Belt and Road Initiative (BRI) and became a member at a...

Sociologist urges adoption of Naira as ECOWAS single currency

A Sociologist, Prof. Lai Olurode, on Tuesday urged the Federal Government not to play second fiddle in terms of currency adoption as...

Nigeria needs more investment to fight poverty

A Chief Economist  at the  PricewaterhouseCoopers International Ltd. (PwC), Andrew Nevin, says  Nigeria needs more investment to grow its economy at a higher rate, to...

MTN appreciates further on NSE

The nation’s bourse resumed trading for the week on Monday still on a bullish trend following investors’ interest in MTN Nigeria Communication...

LCCI commends Nigeria on Finance Act

The Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government on some of the expected positive impacts of the...

Oil prices edge higher

Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the U. S. and...

Employers laud Finance Act of Buhari

Mr Timothy Olawale, the Director-General, Nigeria Employers’ Consultative Association (NECA), has lauded the Finance Bill which was signed into law by President...

Stock exchange indices rebound

After two days loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised...

Nigeria in darkness, hit by grid collapse

The national grid on Thursday experienced its first collapse in 2020 resulting in blackout across the country. The Transmission...

Manufacturers seek guidelines for Finance Act

The Manufacturers Association of Nigeria (MAN) has called for transitional guidelines that would ensure smooth conversion from the pre-Finance Act laws to...

Maritime key to economic development

The President of Dangote Group of Companies, Alhaji Aliko Dangote, has identified the maritime industry as key in the efforts to re-stimulate...

Nigeria implements new VAT rate in February

Nigeria’s finance minister Zainab Ahmed says the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent...

Nigeria shares N716.2bn for month of December

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019.

Nigeria, others in ECOWAS single currency controversy

Six English-speaking members of the Economic Community of West African States (ECOWAS) have rejected the unilateral conversion of CFA Franc to Eco.

Nigeria’s policy creates virile banking

Access Bank Executive Director Victor Etuokwu says various monetary policies by the Central Bank of Nigeria (CBN) has created a virile banking...

Expert urges Nigerians to support Finance Act

A Taxation Expert, Mrs Morenike Babington-Ashaye, has advised Nigerians to support the full implementation of the Finance Bill 2019 signed into law...

Aero Contractors moves to increases flights

 Aero Contractors has reported that it would increases its flights to Abuja-Kano, Lagos-Asaba, Abuja-Asaba and Warri-Port Harcourt routes. The...

Access Bank opens branch in Douala

Access Bank has opened a subsidiary in Cameroon with an initial capital of about XAF14.5 billion. The new subsidiary’s...

Afreximbank offers $1b to complete Steel firm

African Export-Import Bank (Afreximbank) has agreed to release S1 billion for the revival of Ajaokuta Steel Company. The project...

Saudi Arabia to sustain growth in crude demand

Saudi Arabia’s Energy Minister said that the Kingdom, OPEC’s de facto leader, would like to see stable oil markets and sustainable growth...

Nigeria’s Finance Bill take-off

President Muhammadu Buhari on Monday signed the 2020 Finance Bill into law, paving way for the effective implementation of major items, including...

Determinants of Nigerian economy in 2020

The Nigerian Stock Exchange (NSE) has predicted that crude oil price and production, global economy, political stability and business environment were key...

NSE obtains SEC ‘no objection’ on demutualisation

he Nigerian Stock Exchange (NSE) has obtained the Securities and Exchange Commission (SEC) final approval termed ‘no objection’ for the demutualisation of...

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IMF pledges from stop competitive currency devaluation

The International Monetary Fund has said its members have pledged to refrain from competitive currency devaluations. They promised to step up dialogue on trade, as...
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Afreximbank lists problems of cross boarder investments

African Export–Import Bank (Afreximbank) has identified multiple currencies, weak infrastructure, poor financing and lack of critical information...
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World food prices dip in August

World food prices fell for a third month running in August, pushed down by a sharp drop in the prices of sugar, wheat and maize...
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