The Federal Government through the Presidential Enabling Business Environment Council (PEBEC) has unveiled the REPORTGOV.NG App, a new Ease of Doing Business (EoDB) Mobile App to drive the ease of doing business initiative. The REPORTGOV.NG App, which is a web-based portal, is Nigeria’s official public service feedback and complaints platform for business environment reforms. The […]
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President, Dangote Industries, says his continuous efforts to innovate, create value and invest in Nigeria’s economy is borne out of his firm belief in her vast economic potential. He said this during Dangote Cement Distributor’s Award Night on Monday in Lagos. He said his target is to ensure that Nigeria becomes self-sufficient in all the […]
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Nigeria has overtaken Egypt as the largest rice producer in Africa, according to the Director-General of Africa Rice Centre, Benin Republic, Dr Harold Roy-Macauley. He said that Nigeria is now the largest rice producer at 4 million tonnes a year. Egypt was producing 4.3 tonnes annually but her production has reduced by almost 40 percent […]
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The Central Bank of Nigeria (CBN) has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market. Mr Isaac Okorafor, CBN Director, Corporate Communications, made this known in a statement on Tuesday in Abuja. Okorafor said that the apex bank offered 100 million dollars […]
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The financial services sector yesterday reacted negatively to the uncertainty in the nation’s political environment as investors priced in the risks of election postponement on the stock market and exchange rate. The development came just as analysts polled by The Guardian at the weekend predicted that investors and financial transactions would plummet as a first […]
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Renewed bargain-hunting on some blue-chip companies, especially Unilever and Dangote cement, aided transactions on the Nigerian Stock Exchange (NSE), causing market capitalisation to increase by N14 billion. Specifically, at the close of trading yesterday, the All Share Index (ASI) was up by 39.76 absolute points, representing an increase of 0.12 per cent to close at […]
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Challenges facing the Nigerian Electricity Supply Industry (NESI), have led to the wastage of about 42,160.87 mega watts (MW) of electricity out of the 88,566.43MW generated by power generation companies (GenCOs) last year. Although the current administration had vowed to address the barriers limiting power supply to consumers, statistics made available in Abuja by […]
Continue Readingcanvass Nigeria’s restructuring Militants under the aegis of the Niger Delta Avengers on Thursday threatened to halt crude oil flow from the Niger Delta and cripple the economy if President Muhammadu Buhari is re-elected. The group decried what it described as the “continuous criminal exploitation and exploration of our natural resources that engender the underdevelopment […]
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The ongoing investment in refining, petrochemicals, fertilizer and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil and gas sector, the President/Chief Executive, Aliko Dangote has said. Dangote, who made this disclosure at the ongoing Nigeria International Petroleum Summit (NIPS), in Abuja, said the company is committed […]
Continue Reading• Analysts predict gloomy market ahead of 2019 polls Fears that the heightening political uncertainties may trigger a pull back in the equity market to halt the bullish run witnessed in the past few days became a reality yesterday, as investors lost N31 billion. Analysts had predicted that the move by government to suspend the Chief Justice […]
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