• ‘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 […]
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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 […]
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• 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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Samsung Electronics Nigeria celebrates the Nigeria women in its Samsung Mother’s Day Offer Samsung appliances are an epitome of Strength, Reliability and Consistency and we can liken Mothers similarly as the symbol of the same standard. At Samsung we believe that Mothers must be celebrated so in light of this, we would be giving out […]
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The Nigerian equities market rebounded at the reopening of transactions, yesterday, as bargain hunting in MTN Nigeria and 15 stocks pushed market capitalisation by N41 billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) rose by 76.36 points, representing an increase of 0.14 per cent to close at 55,605.57 points while […]
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From its vantage position as one of the leading Cocoa producers in the world, Nigeria only manages to process a meager 0.1 per cent of its cocoa beans into chocolate. Currently, the country is ranked 4th in cocoa production behind Cote d’Ivoire, Ghana, and Indonesia in the world, with a production capacity of 340,163 tonnes, […]
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