By Cheta Nwanze, Contributor How should we define the role of policymakers in improving the efficiency of the economy’s primary participants? Here are lessons from the first time business had a definitive say in politics. Recently, a journalist a journalist friend of mine obtained an internal memo sent by one of the new-generation banks to […]
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– say policies, reforms implementation needed urgently Market operators have stressed the need for the Federal Government to step up the implementation of various policies and reforms needed to boost economic growth and ultimately avert another round of recession in the country. The call came as South Africa- Africa’s second largest and most industrialised, this […]
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Research highlights need for urgent policy measures Besides the shallow trend of Nigeria’s economic diversification, the trade war between the United States (U.S.) and China is increasing its susceptibility to shocks, given that domestic growth in oil and gas sector remains pressured in the last six months. The trade war, according to FXTM’s research analyst, […]
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• N800bn interbank net inflow expected The Central Bank of Nigeria, CBN, said it will issue fresh treasury bills, TBs, worth N1.02 trillion in the fourth quarter of this year to replace maturing TBs of the same amount during the quarter. The apex bank disclosed this in its TB issuance programme for the fourth quarter […]
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– targets planting at least one million seedlings, raising 5, 000 modern cocoa farmers – CAN wants government to produce one million tonnes yearly Ondo State Governor, Arakunrin Oluwarotimi Akeredolu SAN, has said the Cocoa Rebirth Initiative of his administration is gradually and consistently addressing the production and distribution of improved cocoa varieties with early […]
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– 45 consultants already on the field, working – Government says multipurpose facility will decongest Lagos ports – open up Ondo to mainstream global businesses – unlock state potentials for international patronage Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has assured that the proposed multipurpose Deep Sea Port in the state would open up the state […]
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The nation’s equities market depreciated by N190 billion at the close of trading on Wednesday after 26 stocks recorded price declines. A total of 200.278 million stocks valued at N2.162bn exchanged hands in 3,224 deals. The N35 billion gain recorded in the equities market on Tuesday was lost as the benchmark index continued on a […]
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Buhari, Jinping President Muhammadu Buhari on Wednesday in Beijing won the crucial support of the Chinese President, Xi Jinping, for the country’s aspiration to build the 3050 Megawatts Mambilla hydroelectric power project. The two countries also signed an agreement of $328 million for the Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) project. […]
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China National Petroleum Corporation (CNPC) has assured Nigeria of its unflinching commitment towards securing funding for the financing and execution of the Ajaokuta-Kaduna-Kano, AKK, pipeline project. The Nigerian National Petroleum Corporation, NNPC, disclosed this in a statement signed by its Spokesman, Mr Ndu Ughamadu, in Abuja on Monday. It said that CNPC gave the assurance […]
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– Marketers scared off – Supply of product by NNPC epileptic, characterised by price differentials – Demand rises as product sells as high as N350 per litre Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of […]
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