archiveAugust 2016

The Federal Government has resolved to train at least 500, 000 youths on agriculture and skill acquisition in a bid to provide food security. The Minister of Labour, Chris Ngige said that the move would serve as an avenue to cut unemployment in the country. He not noted that it...

The Central Bank of Nigeria (CBN) has told commercial lenders to set aside extra provisions against their dollar loans immediately in the wake of the sharp fall in the naira, Reuters reported. The nation’s currency has dropped 40 per cent since June, when Nigeria ditched its 16-month-old peg of 197...

Uganda has picked three Nigerian companies and one from Australia, for its oil exploration licensing round, inviting them to negotiate for production sharing agreements, the country said today. Uganda announced its first competitive bidding round for six exploration blocks, covering a total of 3,000 square kilometers (1,150 square miles), in...

Nigeria’s Mohammad Sanusi Barkindo assumed office today in his role as Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) at the OPEC Secretariat in Vienna, Austria. Barkindo was officially appointed to the post for a three-year term at OPEC’s 169th Meeting of the Conference on 2 June...

Investors in the nation’s equities market segment of The Nigerian Stock Exchange (NSE) in July, lost N545 billion. Last month saw the equities market extend losses as investors continued to take profit over deteriorating macro economy challenges which was further accentuated by June 16.5 per cent inflation rate. Specifically, the...

It can just be simply said that this is not the best of time for the manufacturing sector of the economy as they are at the receiving end of the economic crisis plaguing the nation. Going by the results being shunned out by most of the manufacturing companies listed on...