Category: Business
The latest National Bureau for Statistics (NBS) Price Watch report for the month of December 2020 indicates that the average price per litre paid by consumers for National Household Kerosene reduced by 0.17% from N353.38 in November 2020 to N352.79 in December 2020. Also according to the report, the average price per gallon paid by […]
President Muhammadu Buhari stated that the Nigerian government is fully committed to democracy and good governance in Africa. He disclosed this at the Virtual Support Mission and Signing of the Memorandum of Understanding (MoU) between the Committee of Heads of State and Government participating in the African Peer Review Mechanism in Abuja. He added […]
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, disclosed that President Muhammadu Buhari has approved the expansion of the National Social Investment Programme (NSIP). According to the disclosure by the Minister during the opening ceremony of the 4th annual review of the National Home-Grown School Feeding Programme, in Abuja, the FG […]
Telecom operators have submitted about 43 million National Identity Number (NIN) to the National Identity Management Commission (NIMC) for verification, in order to have them registered with their respective Subscriber Identification Modules (SIMs). This is as the Telecommunication companies said that they won’t block SIMs with unlinked submitted NINs as the deadline for the integration […]
Ecobank Nigeria says it is partnering Ultima Studios on the Lions’ Den TV reality show in line with its commitment to support entrepreneurs who have good business ideas but need to raise funds for advancement. Managing Director, Ecobank Nigeria, Patrick Akinwuntan who stated this in Lagos reiterated the bank’s commitment to be the foremost […]
The equities market has consolidated the new year’s gaining streak following bargain hunting in leading companies last week including, Flour Mills of Nigeria (FMN) Plc, Dangote Sugar Refinery Plc, Dangote Cement and Zenith Bank Plc, a development that has yielded 2.63 percent returns to investors. Meanwhile investment analysts have advised investors to buy in tranches […]
The Nigeria Commodity Exchange (NCX) is well-positioned to take advantage of the African Continental Free Trade Agreement (AfCFTA), through the implementations of several measures to ensure smooth export operations of Nigerian Commodities. This was disclosed by the Managing Director of the Commodities Exchange, Mrs. Zaheera Baba-Ari, in an interview on Sunday in Abuja. “The establishment of the […]
Oil traders are now weighing the ever-rising number of COVID-19 cases and the impact on global energy demand. Oil prices dipped lower at the fourth trading session of the week, as traders are now weighing the ever-rising number of COVID-19 cases and the impact on global energy demand against a fifth consecutive week of declines […]
Nike Popoola, Okechukwu Nnodim and Temiloluwa O’Peters. Experts have expressed worry over the plan of the Federal Government to borrow N5.39tn to finance the funding gap in the 2021 budget. According to the 2021 Appropriation Act which was recently signed into law by the President, Major General Muhammadu Buhari, the Federal Government also expects to […]
Abubakar disclosed that CAMA 2020 went into effect on the 1st of January and that registered companies were given until the 31st of March to update their information. “The Honourable Minister approved the Companies Regulation 2021 towards the end of December, 2020 and the approval says it is effective from Jan. 1, 2021,” Abubakar said. “Already the […]
“By the grace of God when we resume, we will start work on the Petroleum Industry Bill (PIB); that is going to be one legislation that not only Nigeria but the entire world is waiting for because that will change our economy. “Money will start flowing so we want you to be in that journey […]
A month after taking delivery of one million meters under the National Mass Metering Programme (NMMP), the electricity Distribution Companies (DisCos) have warehoused 983,693 in their offices. The 11 distribution companies were only able to distribute 16,308 prepaid meters as of November 2020, while electricity consumers were yearning for units amidst estimated billings. This was […]
A spike in the share price of Dangote Cement (DANGCEM), and 26 others, yesterday, lifted the market capitalisation of the Nigerian Stock Exchange (NSE) by N76 billion. Tuesday’s decline in heavyweight stocks such as; Guaranty Trust Bank, BUA, and MTNN dragged the ASI to the negative region at mid-day. However, a late spike in the […]
Industrialist and Chairman, Eleganza Group of Companies, Chief Razaq Okoya, has called on the federal and state governments to invest more in small-scale industries to improve Nigeria’s economy. Okoya said investments in such industries would provide meaningful employment for the teeming youths and also check restiveness. The businessman spoke in a statement titled, ‘Alhaji (Chief) […]
The year 2020, although filled with mixed feelings and many hurdles, was a year packed with lessons. The year emerged with unforeseen turn of events that have initiated unprecedented trends in the Nigerian market, and the world at large, with severe impacts on supply chains, economic activities, and international trade. Economies are trying to manage […]
