Finance Minister, Zainab Ahmed Capital market operators have warned that the proposed plan by the Federal Government to manage unclaimed dividends which is projected to hit N200 billion by the end of this year, would erode investor confidence and hinder the growth of the market. As one of its last options to fund the economy, […]
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Business experts have expressed confidence in the Lagos Free Zone (LFZ), capacity to contribute around two percent of Nigeria’s Gross Domestic Product (GDP) when fully developed. They stated this during a virtual investor showcase by the Common Wealth Enterprise and Investment Council (GDP), to host the Lagos Zone as its newest strategic partner. According to […]
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Peterside makes case for small businesses A tweet by an investment banker and economist, Atedo Peterside, sparked a debate on Tuesday on the export waiver granted manufacturing giants, Dangote Industries and BUA Group. The issue trended for hours on social media, with users criticising the Federal Government for favouring big companies. In the tweet via […]
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as operators grapple with COVID-19 fallouts Unilever, Cadbury, Meyer, others suffer loss amid weak spending Stop trend to avert job loss, social unrest, experts tell FG Capital market operators have expressed worry that the prolonged coronavirus pandemic and attendant Foreign Exchange (Forex) illiquidity may cause investors to lose their dividends this year. The pandemic and […]
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Expert predicts 50% unemployment rate rise Manufacturers lament looted warehouses Expect longer recession, economist warns Nigeria’s employment rate has continued to contract across manufacturing and non-manufacturing sectors as confidence in the economy continues to wane. The figures have become increasingly gloomy, pointing to recession, which economists say can be deeper than the 2016 experience.The Purchasing […]
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Cost of living reaches all-time high Inflation rate escalates, defies economic principles Protest may enhance accountability, improve investment outlook Nigeria’s economy, following weeks of youth protests, faces more economic risks in areas of unemployment, capital flight, and cost of living. Tension continues to build across the country as protests against bad governance and police brutality […]
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Access Bank has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths as well as micro, small and medium-sized businesses. The bank disclosed this through its official LinkedIn page. It said the move was to support businesses following the crippling COVID-19 lockdown as well as the looting […]
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Lagos State Governor, Sanwo-Olu Lagos highest with 33.4% Jigawa, Yobe, Niger, Taraba lead laggards FAAC allocation constitutes 65% of total revenues of states States with least IGRs gets smallest bank loans Bank credit distribution by states hits N18.90tr Three out of the 36 states of the country– Lagos, Rivers and Delta – and the Federal […]
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By Banji Ayoola The future of Ondo State’s economy lies in the Southern Senatorial District of the state, Governor Oluwarotimi Akeredolu, has declared. He made this declaration at the ground-breaking ceremony of the Alape Garden City in Ilaje Local Government area of the state, a location of less than one hour to Lekki, Lagos state. […]
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Ondo State Commissioner for Information and Orientation, Mr Donald Ojogo, 2nd R, with officials of the bitumen mining company and equipment By Banji Ayoola At last, the much awaited exploitation of Nigeria’s vast bitumen deposit has rolled off the ground as the pilot exploitation of the mineral has started in Ondo State, the state with […]
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