archiveMay 2016

According to the United State Department of Agriculture (USDA) exporters’ guides on Nigeria, the country was in short supply of about 700,000 metric tons. The country’s dairy sector currently meets less than 50per cent of domestic demand of 1.3 million metric tons. (600,000 metric tons, compared to demand of 1.3million...

As part of its strategy to resolve over six thousand accounts with loan balances of N100 million and below, the Asset Management Corporation of Nigeria (AMCON) has flagged off its induction programme for successful firms that qualified as its Asset Management Partners (AMPs). The AMPs are consortiums with specialist skills...

Governor Ibikunle Amosun has called on genuine investors to take advantage of the business friendly environment being put in place by the state government and invest in the state. He made the call in Abeokuta while unveiling the 2016 edition of the State Investors’ Forum which is the third edition...

The Federal Government has advised by the European Union (EU) to increase export of agricultural produces like rubber, cocoa and palm oil to the EU countries. The advice was given by the Head of EU Delegation to Nigeria and ECOWAS, Mr Michel Arrion at a press conference to commemorate the...

The National Bureau of Statistics’ (NBS) capital importation report for first quarter of 2016, released on Wednesday, has revealed that the country recorded its lowest investment inflow in nine years. “The total value of capital imported into Nigeria in the first quarter of 2016 was $710.97m, the lowest level since...

The Federal Government plans to execute 34 priority programmes as part of its strategic implementation plan of the 2016 budget, Minister of State for Budget and National Planning, Zainab Ahmed, said on Wednesday. The 34 programmes which were packaged by the ministry and approved by the Federal Executive Council (FEC)...

The All Share Index (NSE ASI) of The Nigerian Stock Exchange(NSE) and the Market Capitalization decreased by 0.58%, while the Year-to-Date return stood at -10.22%at the end of market transactions on Wednesday. The All Share Index closed at 25,716.06 against the previous close of 25,865.50 while Market Capitalization closed at...

Nigeria has recorded a deficit of 1.2 million metric tons of poultry as local production is put at 350,000 tons annually. It was learnt that the country consumes 1.5 million metric tons of frozen chicken annually, the remaining demand of 1.2million tons is met through smuggling. The President, Poultry Association...

Nigerians and some expatriates from other countries have remitted $861.6billion in the last two years, the 2016 World Bank Factbook has revealed. The bank said that $431.6 billion was remittances to developing countries for 2015, a marginal increase of $0.4 per cent over $430 billion in 2014. Overall, the United...

International Monetary Fund (IMF) is urging greater regulation on insurance companies, arguing that carriers pose a greater risk to the global financial system now than they did before the financial crisis. In a new report, the IMF suggested that insurers – particularly life insurers – play an increasingly prominent role...