NGX: Investors lose N21bn as transactions value sheds 15%
The value of transactions on the Nigerian Exchange Ltd. (NGX) dropped by 15 per cent during the week, resulting in a loss of N21 billion for investors compared to the previous week.
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CBN sustains naira’s defence, raises intervention efforts
THE Central Bank of Nigeria, last week, sustained its defense for the nation’s currency at the Retail Dutch Auction System (RDAS), though it offered less than the previous week’s provision at the
LCCI seeks reduction of oil price budget benchmark to $40
• Decries proposed expenditure for debt servicing WORRIED by the nation’s ability to sustain its budgetary expenditure due to fluctuating global oil prices, the Lagos Chamber of Commerce and Industry (LCCI), at
Nigeria, other SSA economies grow by 4.5%, poverty remains high
THE irony of growth amid poverty may have repeated itself, as the Sub-Saharan African economy recorded a 4.5 per cent growth, with Nigeria leading the pack, amid high level poverty. The
Despite challenges, PenCom has been making positive strides, says Anohu-Amazu
The National Pension Commission has experienced a turnaround after the reform in 2004. The total value of pension industry assets under the contributory pension scheme stood at about N4.6 trillion as at
Diversify economy for growth, group tells govt
WITH sliding profile of crude oil price in the world market, analysts have again prescribed effective diversification of the nation’s economy currently dominated by the commodity. Indeed, a group, under the
U.S. lawmakers visit Cuba to normalise ties
AN American Congressional delegation has arrived in Havana in the first such visit since the United States and Cuba agreed to restore ties severed in 1961. The Democrat politicians plan to meet
Court orders parties to maintain status quo in Egina field contract
A FEDERAL High Court sitting in Lagos has ordered the Attorney General of the Federation (AGF) and four others to maintain status quo in the award of the multi-million dollar contract for
Import Quota Debate: Crisis Looms In Nigeria’s Rice Value Chain
EVEN as the rice market experiences its peak season, serious crisis may be looming in the value chain due mainly to regulatory snag, sharp market practices and bogus investment speculations by investors,
States’ IGR: The Hope In Trying Times?
•Taxes…All The Way LOOKING at the plethora of resources hidden in Nigeria’s underbelly, an outsider, having no prior knowledge of the country’s woes, would be perfectly correct to assume that its citizens
States Brace For More Cuts In Allocation
ON a continuous basis, the Federal Government is bracing for the harsh impact of dwindling oil prices with the devaluation of the Naira and strict policies on luxury spending. On the