Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair (IATF 2021) held in Durban, South Africa. According to the latest tally released by the IATF Advisory Council, the figures captured additional data submitted by Trade Promotion Agencies of Algeria, Nigeria and South Africa. Organised […]
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United Bank for Africa (UBA) has held a light-up ceremony at its Foundation Gardens in Marina, Lagos. The event kick-started the leading banking group’s activities for the Yuletide. The garden lights were activated by UBA’s Group Managing Director Kennedy Uzoka with other key management workers and some customers of the bank. Uzoka, who is also […]
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President Muhammadu Buhari has challenged universities of agriculture in the country to bridge the gap of food insecurity and address the nation’s dependence on imported foods. He said the specialised universities must play their crucial role in catalaysing the development of the agricultural sector, to help Federal Government achieve its goal of sustainable green economy. […]
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May Hit 1million Metric Tonnes Of Seeds Nigeria’s worsening food insecurity, which has pushed the cost of food importation to over $10 billion and has escalated foreign exchange scarcity to a record high, may be significantly doused thanks to a new seeds technology. This was the enthusiasm shared yesterday in Zaria, at the coming of […]
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Says: We‘re guided by SEC on ownership Retains MPR rate at 11.5% Expresses optimism for bumper harvest The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange Commission (SEC) on the ownership structure of FBN Holdings Plc, the parent company of First Bank Plc. […]
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Ecobank Nigeria Limited on Tuesday placed a caveat on any share of Honeywell Group Limited following media reports on a move by Flour Mills Nigeria PLC to acquire 71.69 per cent of Honeywell Group Limited. It warned off prospective buyers on the ground that Honeywell Group Limited is allegedly hugely indebted to the bank, adding […]
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Coca-Cola Photo: AFP The Vice President, Prof Yemi Osinbajo, has commended the commitment of the Coca-Cola group to Nigeria’s economy. He gave the commendation in Lagos on Monday during the 70th Anniversary Gala Dinner of the Coca-Cola System in Nigeria. He said that the company had made repeated investments in Nigeria in the building of […]
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The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official market. The naira stability was triggered by drop in dollar demand by importers and other forex users who are […]
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Inflation Photo: triloks / Getty Images Nigeria’s headline inflation declined for the seventh consecutive month to 15.99 per cent in October, Mr Simon Harry, the Statistician-General of the Federation has said. He said this on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI). According to Harry, the headline […]
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Heavy transactions in the shares of some companies, especially FBN Holdings (FBNH), Sterling Bank, and UACN Plc last week, lifted the volume of shares traded, as a turnover of 1.471 billion shares worth N20.9 billion were recorded in 20,410 deals by investors on the floor of the exchange. A breakdown of activities on the Nigerian […]
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