archiveMay 10, 2016

By Abdul Olalekan No fewer than 12 states of the federation have started the process that would lead to adopting insurance as a subject into secondary schools curriculum, Business 247 has learnt. This was made possible through an insurance advocacy programme embarked upon by the Chartered Insurance Institute of Nigeria...

Nigeria is to grow about 53 million new cashew trees to take its place in the world of cashew production chart. Also about 2, 000 jobs are needed in the farming to meet the three million tons. The huge global demand for cashew nuts could make millionaires of Nigerian farmers...

By our Correspondent Oando Gas & Power Limited has commenced the development of a mini Liquefied Natural Gas (LNG) facility through its Transit Gas Nigeria Limited (TGNL) subsidiary in Ajaokuta, Kogi State. The 20 mmscf/day plant is to fulfil the gas supply requirement for captive power plants, embedded generation, and...

Niyi Jacobs The Central Bank of Nigeria (CBN)  has confirmed that it was fully aware and indeed a part of the on-going investigations of certain financial transactions in some banks by law enforcement authorities, and assured all customers, other stakeholders, and the general public of safety and soundness of the...

NIYI Jacobs The FSDH Merchant Bank Limited (FMBL) has warned that 2016 will be a very challenging year for banking business in Nigeria, following massive impairments which have prompted several banks to issue profit warnings and the general downturn in the Nigerian economy. The bank also noted that the federal...

Wole Tokede Investors on The Nigerian Stock Exchange (NSE) recorded a capital depreciation of N62 billion as the bears took hold of daily transactions today. The All Share Index (NSE ASI) and the Market Capitalization decreased by 0.70 percent, while the Year-to-Date return stood at -10.46 per cent. The All...

President of Dangote Group, Alhaji Aliko Dangote, has called on the country to take agriculture more seriously as he emphasised that agriculture was the best option to be free from the economic challenges confronting the nation. He revealed today at the opening   ceremony of the Katsina State Economic and Investment...

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, reiterated the resolve of the Federal Government to redefine spending in order to get maximum impact. The Minister, who was a guest at the Ogun State Investors’ Forum, holding in the state capital, said during a panel discussion on the economy...

The Chairman of Egyptian state-run construction firm, Arab Contractors, Mohsen Salah has said that the firm has been currently commissioned to carry out bunch of infrastructure projects worth $439 million in Nigeria. Lately, the company is said have been assigned to implement a port worth 2.2 billion Egyptian pounds in...

Leading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, CEO and Vice Chairman of the Board Agility...