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NSE's market cap shed N152.1 billion as bears take over

Investors in the Nigerian equities market lost N152.1 billion at the end of last week. ...

2020-02-16 - English from Nigeria

NSE: Investors lose N163bn W-o-W

The domestic equities market maintained its downward trend at the close of transactions on Friday, recording losses on three of five trading days of the week. Consequently, the All Share Index (ASI) fell 1.1 per cent to close at 27,755.87 points Week-on-Week. As a result, the market's Year-to-D ...

2020-02-16 - English from Nigeria

Nigeria's economy still challenged 'Experts

Border closure, VAT, minimum wage will fuel inflation 'EFG Hermes As experts say Nigeria's economic risks in 2020 are still the same since 2015, and they include weak economic growth, increasing poverty levels, and foreign direct investor apathy, PAUL OGBUOKIRI reports that President Buhar ...

2020-02-16 - English from Nigeria

Nigeria's Investment In Refineries Appalling ' Iheanacho

Lagos The Executive Chairman, Integrated Oil and Gas Limited, Emmanuel Iheanacho, has implored the Federal Government to create enabling environment for more refineries to be built in the country, adding that safety and operational standards driven by technology will only be possible through major i ...

2020-02-16 - English from Nigeria

Nigeria can't avert naira devaluation by 2021'Bloomberg

D windling reserves and lower oil prices will probably force the Central Bank of Nigeria (CBN) to devalue the Nation's currencies by next year, according to a Bloomberg survey of investors and analysts. Ten out of 19 respondents expect the naira to be weakened in 2021, while five predict a mark ...

2020-02-16 - English from Nigeria

Insecurity: Govt not in control 'Gumi

Sola Ojo, Kaduna As calls for the reassessment of the security architecture of Nigeria continue, a renown Kaduna-based Islamic Scholar, Sheikh Ahmed Gumi, said the government has lost its grip thereby not in control. He advised President Muhammadu Buhari to invest more on the country's educatio ...

2020-02-16 - English from Nigeria

FG Needs To Entrench Technology For Better Results ' Owoeye

Mr.Wale Owoeye, Managing Director of Cedarview Communications Limited and Value Added Services (VAS) Coordinator for the Association of Telecommunications Companies of Nigeria (ATCON), had a chat with JUSTUS ADEJUMOH on efforts being made to boost VAS business and the need for more investments into ...

2020-02-16 - English from Nigeria

FG Needs To Entrench Technology For Better Results ' Owoeye

Mr.Wale Owoeye, Managing Director of Cedarview Communications Limited and Value Added Services (VAS) Coordinator for the Association of Telecommunications Companies of Nigeria (ATCON), had a chat with JUSTUS ADEJUMOH on efforts being made to boost VAS business and the need for more investments into ...

2020-02-16 - English from Nigeria

Database, an avenue for Foreign Direct Investment ' DG NITDA

"All our technology will be connected and will be shared real time with all our security partners."The post Database, an avenue for Foreign Direct Investment ' DG NITDA appeared first on Premium Times Nigeria. ...

2020-02-16 - English from Nigeria

US moves to revive SMEs with $15.7m

Ogochukwu Anioke, AbakalikiUnited States is set to invest over $15.7m in the agricultural sector to revive it and help make the Nigeria become self sufficient.The fund will be managed by the United States Agency for International Development (USAID), Feed the Future Nigeria Agribusiness Investment A ...

2020-02-15 - English from Nigeria

Africa's Billionaires As A Whole Grew Richer In 2020

Nigerian industrialist, Aliko Dangote continues to dominate the rankings of Forbes' 'Africa's Richest 2020' list. The 64-year-old cement baron, worth an estimated $10.1 billion, topped the list for the ninth consecutive year as his wealth grew on the back of investments. Dangote& ...

2020-02-15 - English from Nigeria

Disengaged Dockworker Wants NPA To Probe Severance Committee

An aggrieved disengaged dock-worker in Rivers State, Mr Ilomabo Taylor, has called on the Nigerian Ports Authority (NPA) to investigate the poor severance package paid to the disengaged workers by the NPA Severance Package Payment Committee.The 67-year old dockworker expressed surprise that the comm ...

2020-02-15 - English from Nigeria

One Billion Oil Barrels Found In North-East – FG

The Minister of State for Petroleum Resources, Chief Timipre Sylva said on Wednesday that the nation’s oil and gas sector has worsened as the uncertain fiscal environment put a damper on investment.The minister also disclosed that about a billion barrels of crude oil have been discovered in the Nort ...

2020-02-15 - English from Nigeria

Border Closure: ECOWAS Sets Up Committee To Investigate Nigeria

The Economic Community of West African States (ECOWAS) has set up a committee to study and make full report on Nigeria’s land border closure with her neighbours.The ECOWAS Heads of States and Governments agreed on the decision to set up a committee last Sunday in Addis Ababa, Ethiopia, at an extraor ...

2020-02-15 - English from Nigeria

Well remain number one in ease of doing business, says el-Rufai

Godwin Isenyo, Kaduna Kaduna State Governor Nasir el-Rufai on Friday said the state would continue to maintain the number one position in the ease of doing business in Nigeria. He said the state remained an investment-friendly environment and would sustain and accelerate the investments drive to mee ...

2020-02-15 - English from Nigeria

Obi, Dabiri'Erewa, Momoh for NABF summit in U.S

As part of its commitment to growing Nigerian economy and attracting foreign direct investment into the country, the Nigerian-American Business Forum (NABF) is set to hold a two-day business summit on Nigeria in the United States. According to the Chairman, NABF, Prince Afolabi Andu, who is also the ...

2020-02-15 - English from Nigeria

Governor Badaru and J-Power in Jigawa state

By Adamu Muhd Usman The Jigawa state government has initiated its own social investment programme, probably to replicate the federal government of Nigeria N-Power programme. The Jigawa state governor, Alh Badaru Abubakar intends to create a programme in which graduates, HND, NCE and Diploma holders ...

2020-02-15 - English from Nigeria

Daystar Power joins Flutterwave, Paga as Endeavor Nigeria companies

Christian Wessels and Jasper Graf von Hardenberg, the co-founders of Nigerian renewable energy startup Daystar Power, have joined Endeavor Nigeria's network of entrepreneurs. This comes after Daystar secured $4 million in debt financing from SunFunder, a solar energy-focused investor, to scale ...

2020-02-15 - English from Nigeria

Buhari commends Abuja Chamber of Commerce for scaling up economic diplomacy

President Muhammadu Buhari has lauded the Abuja Chamber of Commerce and Industry (ACCI) for scaling up economic diplomacy and establishing bilateral relations with other countries. Buhari, represented by the Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, gave the commendation on Fri ...

2020-02-15 - English from Nigeria

Nigeria’s oil faces bleak future, says expert

Analysts at the Wood Mackenzie, a global energy consultancy firm has predicted a 35% decline in Nigeria’s oil output in the next ten years owing to cost increases and volatility in the energy industry even as corporate investors hesitate to commit funds to major oilfield. In its latest report, the E ...

2020-02-14 - from Nigeria