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  • Dubai’s non-oil trade with Africa hits $30bn in 2015

    Africa’s attractiveness as an investment destination was again highlighted during the recent official opening of the third African office of Dubai Chamber of Commerce and Industry (Dubai Chamber) in Maputo, Mozambique; as it was revealed that the...

    • Posted May 9, 2016
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  • FG expresses support for bitumen exploration project in Ondo

    The Federal Government yesterday expressed its readiness to support the exploration of bitumen deposit in Ondo State. The Minister of Solid Minerals, Dr Kayode Fayemi stated the commitment of the Federal Government for the project during a...

    • Posted May 8, 2016
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  • FG to reposition Sovereign Wealth Fund

    The federal government  has disclosed that it plans to reposition the Sovereign Wealth Fund managed by the Nigeria Sovereign Investment Authority (NSIA). The planned repositioning is in tandem with the infrastructure objectives of the federal government. The...

    • Posted May 8, 2016
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  • Oil, industrial goods stocks worst in Q1

    Stocks listed under the oil and gas and industrial goods category fell the most in the first quarter of 2016, data from the Nigerian Stock Exchange revealed. This was followed by those of the consumer goods sector....

    • Posted May 8, 2016
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  • Cross River seaport construction begins in three months — Ayade

    Cross River State Governor, Prof. Ben Ayade, on Thursday, said the construction of the state’s deep seaport would commence in three or four months. Ayade said this in an interview with State House correspondents shortly after meeting...

    • Posted May 7, 2016
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  • AMCON appoints agents to recover bad loans

    The Asset Management Corporation of Nigeria has concluded the appointment of Asset Management Partners to help it resolve the over 6,000 accounts with loan balances of N100m and below. The AMPs are firms with specialist skills required...

    • Posted May 7, 2016
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  • No more bailout for states – Adeosun

    The Federal Government on Thursday ruled out the possibility of providing bailout funds for state governments to meet their financial obligations, including the payment of salaries of workers, due to declining allocation from the Federation Account. It...

    • Posted May 7, 2016
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  • Lagos targets 10% increase in food production

    The Lagos State Government has disclosed that it is poised to increase food supply from the current 15 per cent to 25 per cent within the next four years. The Lagos State Commissioner for Agriculture, Mr. Oluwatoyin...

    • Posted May 7, 2016
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  • BoI, Sokoto Government sign N2bn financing pact for MSMEs

    The Bank of Industry (BoI) and the Sokoto State Government have signed an agreement to float a N2 billion-matching fund for onward lending to small enterprises in the state. The acting Managing Director, BoI, Mr. Waheed Olagunju,...

    • Posted May 7, 2016
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  • Power: FG to decentralise, concession transmission grid

    Nigeria is seriously considering the decentralisation of its power transmission network into segments which could be concessioned to private operators to invest in, manage and charge transmission fees, the Minister of Power, Works and Housing, Mr. Babatunde...

    • Posted May 7, 2016
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  • N165bn monthly Civil Service wage bill not sustainable – Adeosun

    The Minister of Finance, Kemi Adeosun has said that the N165 billion civil service monthly wage bill is over-bloated and can no longer be sustained by the federal government. The minister spoke on Thursday in Lagos at a...

    • Posted May 7, 2016
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  • Insurance industry asset to hit N16trn by 2020

    The insurance industry, will achieve a market asset base of N16 trillion and premium income of N6 trillion by the year 2020, the Director General of Nigerian Insurers Association (NIA), Mr. Sunday Thomas has said. NIA is...

    • Posted May 7, 2016
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  • Domestic investors dominate trading at the Equities Market

    Domestic investors continued to dominate transactions at the Nigerian Stock Exchange (NSE) statistics released by the exchange has shown. According to the data for the month of March, domestic investors outperformed foreign investors by 28.48 per cent....

    • Posted May 6, 2016
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  • Inflation projected to rise further to 13.2%

    The Financial Derivatives Company Limited (FDC) has predicted a steep rise in year-on-year April inflation to 13.2 per cent, 0.4 per cent higher than the 12.8 per cent recorded in March. The expected rise in the inflation...

    • Posted May 6, 2016
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