Category: Business
The FG has announced the launch of the NALBIP to improve Nigeria’s livestock production value chain. The Federal Government has announced the launch of the National Livestock Breed Improvement Programme (NALBIP), urging that it will reduce herdsmen/farmer clashes and also boost dairy cattle production in Nigeria. This was disclosed by Mrs Eno Olotu, Deputy Director, Information, in the Ministry […]
Naira steadied at N485 per dollar on Monday at the black market the same rate it closed on Friday. However, at the Investors & Exporters (I&E) window of the foreign exchange market data from the FMDQ Security Exchange, where forex is officially traded, showed Naira strengthened. Naira closed at N408.90 at Monday’s trading session of the […]
The Central Bank of Nigeria (CBN) has extended the deadline for submission of interest in the Infrastructure Corporation of Nigeria Limited (InfraCorp). Calls had been made for asset managers to apply. Asset managers have been told to submit their Expression of Interest to manage the Infrastructure Corporation of Nigeria Limited which was approved for establishment […]
Meristem boss has urged investors to allocate scarce resources smartly and safeguard their investments. Investors in the Nigerian Stock Exchange have been tasked to allocate their scarce resources smartly in order to build lasting wealth. This was disclosed by the Group Managing Director, Meristem, Oluwole Abegunde, in a statement to launch a corporate campaign ‘Storm’ […]
A 10MW Wind Farm Project in Katsina is set to be commissioned by President Buhari later this month. The Federal Government has confirmed the completion of a 10MW Wind farm which would the first of its kind in Nigeria to be launched in Katsina State later this month. This was disclosed by Bashir Ahmad, the Personal Assistant […]
Covid-19 has had a huge impact on global health, wealth, and opportunity. While the death figures and economic impacts have been well documented, one consequence that many people may be unaware of is the effect on the oil industry. With the world still so heavily reliant on oil, problems halfway around the world can have […]
Crude oil sells above $69 as it continues to respond positively to the agreement of Organisation of Petroleum Exporting Countries (OPEC) and its allies to maintain cut in production output. The oil production cut is viewed as a tight control over crude oil price upward movement. The decision has been used to push crude oil […]
The month of March saw Bitcoin hit one of its projections for the year, after surpassing the $60,000 mark on Sunday, March 14, 2021. The most popular cryptocurrency rose past the projection to hit its highest price range of $61,337. The achievement saw bitcoin investors, both small and large holders, in a moment of awe for the […]
The National Petroleum Investment Management Services, (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation, (NNPC) has disclosed it incurred N126.17 billion expenses in January. Out of the sum, N21.47 billion was spent on oil search in the frontier basins, rehabilitation of the nation’s refineries, and the Nigeria-Morocco gas pipeline. NAPIMS disclosed this in its […]
Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an alternative credit source for the Federal Government. Ahmed said retail investment must be encouraged to improve the financial capacity of Nigeria’s capital market, and that past experiences proved that […]
Against all odds, Bitcoin continues to trade high while the Nigerian Stock Exchange (NSE) struggles to keep investors. The capital market in Nigeria has mostly been held down by the bears this month, and the bearish state has driven investors to debt securities. On Thursday, March 11, 2021, investors lost N122.47 billion at the Nigerian […]
The federal government has increased the cost of fuel at the pump to N212 per litre. This was announced in the March pricing template by the Petroleum Products Pricing Regulatory Agency released on Thursday night. According to PPPRA, a litre of fuel would now be sold for prices ranging from N209 to N212 per litre […]
NARTO has accused a construction company of frustrating the electronic call-up system recently introduced by the NPA. Truck drivers under the aegis of the National Association of Road Transport Owners (NARTO) have accused Hitech Construction Company Ltd, a construction company rehabilitating the Apapa-Oshodi Expressway, as being part of the impediments frustrating the electronic call-up system […]
The Central bank of Nigeria (CBN) has revealed, that Nigeria paid off $5.76 billion as external debt service from January to December in 2020, this is the biggest amount payment recorded in a year in Nigeria’s debt history. According to data obtained from CBN, the sum spent in servicing external debt in 2020 represents a […]
The United Arab Emirates has extended its ban on Nigerian flights till March 20. A statement from the public relations firm for Emirates made available to our correspondent said customers from both Abuja and Lagos would not be accepted for travel prior to or including this date. The statement said, “In line with government directives, […]
