News - Business and Economy

BIZ: NDIC Calls For Speedy Amendment Of Enabling Law

5 months ago /

The Nigeria Deposit Insurance Cooperation, NDIC has called on the Nigerian Senate to fast track the process of harmonizing the amendment of the NDIC act. 

Entrepreneurs In Kwara Seek Govt’s Support To Grow The Economy

5 months ago /

Micro Small and Medium Scale Enterprises, (MSME), currently account for ninety-six percent of businesses in Nigeria and contributes seventy-five percent to national employment.

U.S. To Activate Law Permitting Cuban-Americans To Sue Foreign Companies Doing Business In Cuba

5 months ago /

The Trump Administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by communist-ruled Cuba since Fidel Castro's revolution six decades ago, a senior U.S. official said on Tuesday. 

U.S. Architect Highlights Priority In Notre Dame Rebuilding

5 months ago /

A U.S architect, Roger Lewis says the priority in the rebuilding of Notre Dame is to assess and guarantee the structural stability of the Cathedral in Paris. 

Arraignment Of NBC Boss, Kawu, Others For N2.5bn Fraud Stalled

5 months ago /

The arraignment of the Director General of the National Broadcasting Commission, (NBC), Ishaq Moddibbo -Kawu over alleged misapplication of the N2.5 billion seed grant for Digital Switch-Over (DSO) programme of the federal government has been stalled following the absence of the chief operating officer of Pinnacle Communications Limited, Dipo Onifade. 

Sources Say Apple In Talks For Self- Driving Cars

5 months ago /

Apple Inc has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies’ technology while also still working on its own lidar unit, three people familiar with the discussions said.

Nigeria Acquires Gas Flare Tracker

5 months ago /

Nigeria is now set to generate adequate and reliable data on the volume, value and location of gas flare in the country.

Nigerian Inflation Drops To 11.25% In March 2019

5 months ago /

The Consumer Price Index, (CPI) which measures inflation increased by 11.25 percent (year-on-year) in march 2019. this is 0.06 percent points lower than the rate recorded in February 2019 (11.31) percent.

South African Rand Edges Higher

5 months ago /

South Africa’s rand edged higher on Tuesday, recovering from a slide the session before as traders bet on a favourable environment for emerging markets.

House Of Reps To Probe Licences For Fish Importation

5 months ago /

Nigeria’s House of Representatives is to investigate alleged issuance of licenses for fish importation within the last one year.

Emefiele, Ahmed Woo Foreign Investors

5 months ago /

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and Finance Minister, Mrs. Zainab Shamsuna Ahmed took advantage of the on-going 2019 Spring Meetings of the International Monetary Fund (IMF)/World Bank to market Nigeria’s vast investment opportunities.

BIZ: Nigeria To Set Up Production Hubs

5 months ago /

Nigeria has announced a target to double its manufacturing output to 20 percent of its Gross Domestic Product, GDP within six years and will set up production hubs across the country in partnership with regional aid banks.

NDIC Budgets N258.8bn To Reimburse Depositors In Failed Banks

5 months ago /

The Federal Government has reassured Nigerian bank depositors of the safety of their funds in the unlikely event of closure of a licensed bank in the country.

The Stock Market on Wednesday

5 months ago /

Equities market closed today on a positive note, as NSE ASI appreciated by 0.12% to close at 29,193.42points as against 0.01% depreciation recorded previously. Its Year-To-Date, YTD, returns currently stands at -7.12%.

Housing Minister Commissions 774 Housing Units In Zuba

5 months ago /

The Minister of Power, Works and Housing, Babatunde Fashola has commissioned 774 housing units in Zuba, Abuja.

Buhari Woos Investors In Dubai

5 months ago /

Nigerian President, Muhammadu Buhari, on Monday met with six different groups of investors at the sidelines of the annual investment meeting in Dubai, United Arab Emirates.

Governor Lalong Signs 153.5billion Naira 2019 Appropriation Bill Into Law

5 months ago /

Plateau State Governor, Simon Lalong, has vowed to use his second term in office to create a lasting legacy in the state.

Theresa May Asked The EU To Delay Britain's Departure

5 months ago /

British Prime Minister Theresa May wrote to European Council President Donald Tusk on Friday asking for a delay of Brexit until up to June 30, but said she still hopes to get Britain out of the EU earlier to avoid it participating in European elections.

South Africa Rand Weakens On Eskom Bailout

5 months ago /

The South African rand weakened early on Thursday after a senior minister said the government was considering more financial support for the highly indebted utility Eskom.

FG To Fund 2019 Budget Deficit With New Taxes, Concessionary Financing

5 months ago /

The federal government plans to finance Nigeria’s N1.859TN budget deficit in 2019 by introducing new taxes and adopting a concessionary financing system under its privatisation programme.


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