Chairman, Dangote Cement Plc, Aliko Dangote (left); Group Managing Director/Chief Executive Officer, Dangote Cement Plc, Arvind Pathak and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the 14th yearly general meeting of Dangote Cement Plc in Lagos…yesterday. Photo: Ayodele Adeniran Dangote Cement Plc has assured shareholders and other stakeholders of its resolve to keep the […]
Continue Reading
Photo: Samuel Corum/Getty Images/AFP $4.7 billion needed to bridge credit gap Multiple economic shocks in recent years, amid a slow rise in per capita income in more than three decades, have put developing economies in real danger if urgent steps are not taken, the managing director of International Monetary Fund (IMF), Kristalina Georgieva, has warned. […]
Continue Reading
Photo by Samuel Corum/ Getty Images North America/ AFP – Banking sector stress, interest rate, others top Spring Meetings deliberation – Nigerian monetary, fiscal authorities to reveal progress on key reforms On account of China’s relaxation of COVID-19 restrictions and the better-than-expected performance of the advanced economies last quarter, the World Bank has reviewed its […]
Continue Reading
• ‘Unhealthy fiscal condition, domestic borrowing threaten industrialisation’ • Promote new investments to increase revenue, experts advise • Credit to public sector soars by over 600% yearly in five years • Banks, private sector weakening linkage portends danger, Muda Yusuf warns • ‘SME credit to GDP ratio falls to three percent’ Nigeria’s hope for a […]
Continue Reading
United Bank for Africa (UBA) has released its audited financial results for the full year ended December 31, 2022, showing impressive performance across major indices. The 2022 financials, filed by the bank at Nigerian Exchange Limited (NGX), yesterday, showed that gross earnings rose to N853.2 billion from N660.2 billion recorded in 2021, representing 29.2 percent […]
Continue Reading
• As CBN tightens credit squeeze, raises interest to historic 18 per cent • MPR in sync with economic realities, experts argue • Impacts of SVB’s failure on Nigeria, other African markets in focus at US summit • CBN has taken steps to insulate local banks from risks, Emefiele assures In the face of excruciating […]
Continue Reading
Nigerian Exchange Limited (NGX). Photo/FACEBOOK/ ngxgroup Transactions in the equities sector of the Nigeria Exchange Limited (NGX) reopened on a downturn, yesterday, as profit taking in NGX Group Plc and 20 stocks dragged market capitalisation by N4 billion. At the close of trading yesterday, the All-Share Index declined by 6.14 per cent, representing a decrease […]
Continue Reading
Stakeholders in the agricultural space have urged the President-elect, Asiwaju Bola Tinubu, to adopt policies and invest in mechanisation and inputs that will boost nation’s food system. They said this in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Lagos while setting agenda for the incoming government. The farmers also urged […]
Continue Reading
As Africa’s largest economy, Nigeria is strategically positioned to be a significant player in the global economy. Given the right support and the fact that the country is potentially fertile ground for massive growth and development, Nigerian businesses can claim the top spot globally. But for this to happen, several issues must be considered. Entrepreneurship […]
Continue Reading
Today, March 10, marks the 70th anniversary of the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS). According to Gerald H. Smith, Counselor for Agricultural Affairs at U.S. Mission Nigeria, “for 70 years, FAS has had an unwavering belief in linking U.S. agriculture to the world. As we celebrate the 70th anniversary, I am reminded […]
Continue Reading
