archiveSeptember 6, 2016

Investors’ sentiment continued to rock the nation’s equities market over recent recession reports by the National Bureau of Statistic (NBS). The equities market extended previous day’s losses on account of a 0.73 per cent decline recorded in Nigerian Stock Exchange All-Share Index (ASI). The ASI depreciated by 203.31 basis points...

The National Bureau of Statistics (NBS) report on Tuesday has shown that Nigeria merchandise trade statistics for the second quarter of this year recorded a 49 per cent increase in trade from N2.65 trillion in the first quarter to N3.94 trillion. The bureau in the report made available to our...

The report from the Economists at Stanbic IBTC Bank has shown that Nigerian business conditions had worsened for the sixth time in seven months in August 2016 as Nigeria’s private sector was firmly entrenched in a downturn during the period. The severity of the contraction was highlighted by employment data,...

The Federal Government has begun move to fight and eradicate corruption which stakeholders have identified as the problem facing development of Nigerian ports. The Federal Ministry of Transportation introduced Standard Operating Procedures (SOP) and the Port Services Support Portal (PSSP) in the Lagos Ports Complex following series of sharp practices....

Abia State Governor, Dr Okezie Ikpeazu, has promised that his administration will reconstruct and commission a minimum of 50 roads in Aba with a flyover at Osisioma roundabout before 2019. A statement issued on Tuesday by his Chief Press Secretary, Enyinnaya Appolos and obtained by journalists in Umuahia, said the...

Dangote Group has refuted the widely circulated broadcast that the company was partnering with the Federal Government to import and flood the nation’s market with poisonous Genetic Modified Organisms GMOs) rice. According to the group in statement on Tuesday signed by its Social Media Manager, Adedamola Adeniyi, said the claim...

A coalition of 22 Christian groups in Nigeria led by National Christian Elders Forum (NCEF) on Tuesday said the declaration of September 12 as public holiday in commemoration of Eid-El-Kabir celebration by the Sultan of Sokoto, Alhaji Sa’ad Abubakar III, was the height of impunity. A similar incident took place...

The Manufacturers Association of Nigeria (MAN) has advised the Federal Government to reposition the manufacturing sector to improve on the current economic situation. MAN President, Mr. Frank Jacobs, gave the advice while speaking with journalists on the recent statistics on inflation released by the National Bureau of Statistics (NBS) that...

The National Insurance Commission (NAICOM) is set to create alternative distribution channels which insurance companies can explore to sell their products and services across the country. The Commissioner for Insurance, Alhaji Mohammed Kari, who stated this at the 2016 Insurance Professional Forum in Abeokuta, Ogun State, added that the commission...

  *** To set up processing plant As Delta state seeks to diversify its economy, Governor Ifeanyi Okowa has disclosed that the agricultural sector would engender growth, stimulate the economy and create  employment for the people of the state Speaking when he received on a courtesy call, the management team...