The Central Bank of Nigeria (CBN) has revealed main business activities and sectors in the Nigerian economy that are eligible to access its N75 billion Youth Investment Fund. They are: technology/innovation; agriculture and related value chain; green economy and renewable energy sector; manufacturing, hospitality/tourism; construction and logistics and supply chain. Others are healthcare value chain, […]
President Muhammadu Buhari has accepted the request of an international think-tank group and investment promoter, Horasis Global Visions Community, to create its African hub in Nigeria. President Buhari spoke on Friday at a virtual meeting with the members of the Visions Community led by its founder and chairman, Dr Frank-Jürgen Richter, cross-sectional representatives of State […]
President Muhammadu Buhari says the Nigerian Government will not relent until Dr Ngozi Okonjo-Iweala emerges the next Director-General of the World Trade Organisation (WTO). The President gave the assurance in a tweet on Friday following a video conference with the President of the European Council, Mr Charles Michel. He thanked the council for its support […]
Deteriorating economic conditions and falling family income led to a decline in consumers’ overall confidence index in Q3 2020, according to the Central Bank of Nigeria’s (CBN) latest Consumer Expectations Survey (CES) report. The report posted on the apex bank’s website yesterday, shows that at -21.2 point the consumers’ confidence index in Q3 2020, was […]
Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maulud celebration still on an upward trend, growing by N571 billion. Specifically, the market capitalisation which opened at N15.386 trillion inched higher by N371 billion or 3.71 per cent to close at N15.957 trillion. Also, the All-Share Index improved by 1,093.09 points or 3.71 […]
The Presidency on Friday quoted the President of the European Council , Mr Charles Michel, as reiterating Europe’ s support for the bid of Nigeria ’ s former Minister of Finance, Dr Ngozi Okonjo – Iweala , to become the next Director-General of the World Trade Organisation. The Special Adviser to the President on Media […]
•Targets 30m consumers as nationwide distribution of free meters commences The federal government has approved the resumption of the collection of Service-Based electricity Tariffs (SBT) from next week, after sealing a deal with organised labour, THISDAY reports. The government was forced to suspend the implementation of the new electricity tariff regime in September, following a […]
Apple shares were sent reeling Thursday on word of a steep drop in sales of iPhones, which are at the heart of the tech titan’s money-making engine. Apple profit fell 7 per cent to $12.7 billion in the recently ended quarter, the Silicon Valley-based colossus said in its earnings release. The California tech giant’s total […]
Former Nigerian Finance Minister, Dr Ngozi Okonjo -Iweala , says she remains positive of becoming the first African and first female director-general of the World Trade Organisation despite ‘ hiccups ’ . The ex – World Bank director said she felt humbled to have been declared the candidate with the largest votes amongst the 164 […]
…Targets 30m consumer Federal Government last night said that it will commence the distribution of free meters with the target of getting 30 million consumers. The National Mass Metering Programme, NMMP, is expected to commence today, Friday, October 30, 2020, and to be simultaneously launched in Kano, Kaduna, Eko and Ikeja DISCO franchise areas. The […]
