archiveFebruary 2017

The Federal Government of Nigeria has come out with measures to boost local production of tomato paste. Minister of Industry and Trade, Dr. Okechukwu Enelamah, revealed the new package at the end of the Federal Executive Council (FEC) meeting in Abuja on Wednesday. According to him, “We will increase customs...

By Abdul Olalekan Standard Alliance Insurance Plc, has formally merged with its sister company, Standard Life Assurance, to become a one big insurance company, underwriting life and non-life insurance businesses. The court-sanctioned merger makes Standard Alliance Insurance Plc a leading composite insurance company with a shareholders fund of N6.392 billion...

By Abdul Olalekan Linkage Assurance Plc has promised its shareholders that the future looks bright for the company, given the result of its restructuring which is beginning to impact on its overall performance. It added that the firm will soon pay dividends to its teeming shareholders nationwide, if this positive...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.05, while the Year-to-Date return stood at-5.26 per cent. The All-Share Index closed at 25,460.45 against the previous close of 25,446.66 while Market Capitalization closed at ₦8.775 trillion against previous close of ₦8.770 trillion. Volume traded...

South Africa-based MTN Group expects to report a full-year loss due to a $1 billion regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low. Reuters’ report states. Africa's most populous nation and biggest economy Nigeria is MTN's most...

The Federal Executive Council (FEC) has received interim reports from the Presidential Task Force on food security. The reports submitted on Wednesday recommended the use of railway wagons alongside the current railway network to move cattle from North West to Lagos and other parts of the country. It also recommended...

By Kehinde Adewole Prior to the creation of National Agency for Food and Drug Administration Control (NAFDAC) in 1992, the control and regulation of food, drugs, cosmetics, chemicals and packaged water was seriously hampered by bureaucratic bottlenecks among other factors. The decision of the Federal Government to create the agency...

The Federal Government has been urged to  allow genuine  liberalization  of  the  foreign  exchange  market  with  the  intention  of  achieving  a  single  exchange rate. This is one of the issues the GTBank’s 2017 Economic Outlook emphasised should be addressed  to  return  the  country  on  the  path  of  economic  recovery  and...

A former Niger Delta ex-militant leader and Head of the Bayelsa State Waterways Security Task Force, Africanus Ukparasia also known as “Gen. Africa”, has described as lies allegations by a female activist from the Niger Delta, Ankio Briggs, that Governor Dickson had donated 1,200 hectares of Ijaw land to Fulani...

Kwara State Governor, Dr Abdulfatah Ahmed, has advised Nigerians to stop blaming President Muhammad Buhari or any of the nation’s past leaders for the economic recession in the country. Governor Ahmed gave the advice on Wednesday in Ilorin while receiving members of the Kwara State Chamber of Commerce, Industry, Mines...