Some experts have said that Nigerian economy will witness positive turnaround with support from government and investors for Micro-Small and Medium Enterprises (MSMEs). They stated this at a news conference held at Nigeria Union of Journalists (NUJ) Press Centre in Ibadan on Wednesday. The News Agency of Nigeria (NAN)...
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By DAVID IORJA, Abuja – President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu Thursday in Paris – France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of...
Gov. Hyacinth Alia of Benue has appealed to indigenes of the state in diaspora to invest in the state in order to achieve the desired growth and development. Speaking at an inaugural party organised by Chief Steven Lawani, a former Deputy Governor of the State in Makurdi, Alia invited...
I am still amazed at the way some business owners run their businesses. Recently, I ran into an old school mate of mine. The last time I saw her was a decade ago. After reminiscing on our old school days and some pleasantries, we, of course, had to do...
Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent to close at 54,886.04 basis points from 54,915.39 recorded...
The Ogun State government on Sunday said Bidemi Rufai did not bring any business concern to the state during his short stint as a special assistant to Governor Dapo Abiodun. The state government also debunked a news report suggesting that Rufai was being paid $2,000 as an aide to...
The Nigerian Exchange Ltd. (NGX) lost N64 billion, 0.25 per cent, as market capitalisation closed at N25.837 trillion on Monday compared with N25. 901 trillion on Friday. Also, the All-Share Index (ASI) lost by 117.89 points or 0.25 per cent to settle at 47,436.45 from 47,554.34 recorded on Friday....
Nigerian Government on Sunday called on national and foreign investors to maximise the business opportunities in the sanitation sector for the nation’s socio-economic development. The Permanent Secretary, Federal Ministry of Water Resources, Mrs Didi Walson-Jack, made this call in an interview with the News Agency of Nigeria (NAN) in...
The Naira on Friday exchanged at N444.75 to the dollar at the Investors and Exporters window, a depreciation of 0.06 per cent, compared with N444.50 to the dollar it exchanged on Thursday. The open indicative rate closed at N443 to the dollar on Friday. An exchange rate of N447...
Mr Cui Jianchun, Ambassador of the People’s Republic of China to Nigeria says his country has no intention of taking over Nigeria’s critical assets as repayment for loan in the event of default. Jianchun made this known during the visit of the Chinese Special Representative on African Affairs, Liu...
The Nigerian Exchange Ltd., (NGX) recorded another positive performance on Friday, with a gain of N84.65 billion market capitalisation closing at N26.994 trillion from N26.909 trillion on Thursday. Also, the All-Share Index (ASI) increased by 156.03 points or 0.31 per cent to close at 50,045.83 from 49,889.80 recorded on...
The equity market on the Nigerian Exchange Ltd. extended losses to Monday. It shedded N13.06 billion to close the market capitalisation at N26.614 trillion as against N26.628 trillion traded on Friday. The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa (UBA),...
The House of Representatives Committee on Finance has frowned on some treaties signed by Nigerian Bulk Electricity Trading (NBET) with some investors on power generation in the country. The Chairman of the committee, Rep. James Faleke (APC-Lagos State), at a public hearing in Abuja on Friday, expressed concern that...
BY ANKELI EMMANUEL, Sokoto – Sokoto State Government on Monday said it is ready to provide free land to any developer willing to invest in the state. The Permanent Secretary, Sokoto State Ministry of Lands, Survey, Housing and Urban Planning Moyi Tambuwal stated this at the ongoing 11th meeting...
Investors have gained N11.98 billion after a three-day consecutive negative trading at the nation’s equities market. The market capitalisation stood at N27.807 trillion, representing a 0.04 per cent, an increase from the N27.795 trillion recorded at close of trade on Wednesday. The gains were recorded majorly on trading of...
Minister of Aviation Hadi Sirika on Tuesday in Abuja advised relevant stakeholders to invest at various airports across the country. Sirika made the call in a goodwill message at the maiden edition of FAAN National Aviation Conference (FNAC) with the theme: “Advancing the Frontiers of Possibilities for Safe, Secure...
President Muhammadu Buhari has challenged Spanish investors to take advantage of Nigeria’s tax- free environment and limitless expatriate quota at the nation’s Free Trade Zones to boost Nigeria-Spain trade and economic opportunities. The Nigerian leader gave the charge at a Business Forum jointly organized by Spanish Chamber of Commerce,...
By TENEBE ANTHONIA, Lagos – Temi Popoola, the Chief Executive Officer of Nigerian Exchange Limited (NGX), has restated commitment of Nigeria Exchange Limited (NGX) to provide a reliable, efficient and an adaptable exchange hub in Africa for investors and businesses, to save and to access capital. Popoola stated this while delivering his...
Stock market operators have expressed optimism that trading on the nation’s bourse would close bullish ahead of Christmas holidays as investors position for dividend paying stocks for 2021 financial year. They said this in interviews with the News Agency of Nigeria (NAN) in Lagos on Sunday, while speaking on...