archiveSeptember 2016

Former Nigerian President, Chief Olusegun Obasanjo, has called for inclusion of the informal sector in the pension schemes across African countries. While speaking at the ongoing World Pension Summit (WPS) Africa Special in Abuja today, the ex-president said poor coverage and non-inclusion of the private sector, the self-employed and informal...

A former governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo has advised the Federal Government against the selling of the nation’s assets to raise funds to deliver the nation from its present economic crisis as advised by some prominent Nigerians, stressing that doing that is dangerous and...

  Meets investors in U.S., Europe starting Tuesday Funds will be for loans to exporters, working capital Access Bank Plc is set to issue the first Eurobond from Nigeria in almost two years after choosing banks to arrange a new deal. According to Bloomberg report monitored by Business247 News Online,...

The Nigerian Stock Exchange (NSE) resumed today on a positive note as All Share Index appreciated by 0.06 per cent as it closed at 28,263.16 basis points compared to last Friday’s closing figure of 28,247.07 basis points. Market capitalisation closed the day at N9.709 trillion following a gain of N5.5...

  Yewande Sadiku becomes NIPC Executive Secretary His Excellency, President Muhammadu Buhari has approved new appointments in 13 Federal Government agencies. According to a press statement signed by Director (Press) to the Secretary to the Government of the Federation, Mr. Bolaji Adebiyi, the new appointees as follows: Industrial Training Fund...

The Chief Operating Officer of Dangote Industries Limited, Mr. Olakunle Alake, has said that 17 billion-dollar refinery project will create over 300,000 direct and indirect jobs by the first quarter of 2019. Alake made the disclosure in an interview with the newsmen in Lagos today, adding that the refinery, petrochemicals...

The African Development Bank (AfDB) has said that between 2016 and 2017, it would provide a package of $4.1 billion to step up social infrastructure, boost agriculture and improve electricity. Also the bank has resolved to inject a sum of $1 billion to emancipate Nigeria from its current economic woes....

The Federal Government is in talks with the African Development Bank (AfDB) for a $1 billion loan to help cover its 2016 budget deficit, the Finance Minister, Mrs Kemi Adeosun said on Monday. According to Reuters’ report monitored by Business247 news Online, Adeosun said the loan would be concessional and...

Promasidor Nigeria Limited, makers of Cowbell, Onga, Toptea and Loya Milk, has concluded arrangements with International Finance Corporation (IFC), a member of the World Bank Group, to inject a $25 million loan (over N8billion) into its production with a view to increasing efficiency and to produce more products for the...

Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. According to Reuters’ report monitored by Business247 News Online, scepticism about any deal being reached has prompted money...