archiveSeptember 19, 2016

The Vice President, Prof. Yemi Osinbajo, has reaffirmed the importance of the role of the private sector in the economic recovery programme of the Federal Government. He gave the affirmation on Monday at the Presidential Quarterly Business Forum with the private sector held at the Banquet Hall of the Presidential...

Plans have been concluded for the presentation of ‘Inside Nigerian Banks’, a book written by the Editor of BusinessWorld Newspaper, Mr Nik Ogbulie in honour of the former Director-General of the Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyiuke. The presentation will take place on Thursday September 29, 2016 by 10.30...

  6% less than that of same period of 2015 Nigeria Customs Service (NCS) at Tin Can Command generated a sum of N156.9 billion from between January and August, 2016, 3.6% less than what it made in the same period of 2015. However, the revenue recorded was lower than what...

Managing Director, Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL), Mr. Aliyu Abdulhameed, said that for agriculture to work and contributes its quota to economic growth, guarantee decent incomes for farmers, it has to be properly linked to industry. He stated this in Lagos today at the signing of...

Equities sector of the Nigerian Stock Exchange (NSE) resumed the week on a negative note on the heels of uncertainty of what will be the outcome of the Monetary Policy Committee (MPC) meeting that commenced today and ends tomorrow. The NSE All-Share Index (ASI) slipped marginally by 0.07 per cent...

The recent discovery of oil in Lagos State in commercial quantity has been described as a good omen for the development of the oil and gas industry which Dangote refinery will benefit from. Speaking in his office in Lagos during a visit by the leaders of the League of African...

Minister of Finance, Mrs Kemi Adeosun has expressed the wish that the Central Bank of Nigeria (CBN) lowers interest rates so that the government can borrow domestically to boost the economy without increasing its debt-servicing costs. Speaking on Monday in an interview on CNBC Africa television, Adeosun said she was...

Oando  PLC,  Nigeria’s  leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49 per cent  of  the ...

Professor Pat Utomi has blamed current economic recession on faulty policy and regulations of President Muhammadu Buhari’s administration. Utomi who spoke in Lagos at the weekend said Nigeria’s economic challenges goes beyond the fall in oil price at the international market. According to him, “Oil, even though it is special...

As the fifth session of the Monetary Policy Committee (MPC) meeting this year begins today and ending tomorrow, analysts have predicted that there may not be changes in policy rates. They are, however, unanimous that there is need for more accommodative fiscal and monetary policies alongside structural reforms that will...