Wednesday, June 17, 2020
Nigeria’s economy is forecast to see a sharp plunge in the second quarter (Q2) of 2020 with 91 percent of sectors ravaged by the coronavirus pandemic, according to early estimates by Yemi Kale, the country’s chief statistician and head of state data agency…Read more.
Nigerians hope that leaders of the country will one day free themselves from personal interests and take decisions for the good of the entire economy. This renewed optimism comes as countries battle COVID-19 and its current/future impacts on their economies…Read more.
The National Working Committee (NWC) of the ruling All Progressives Congress (APC) has named former Oyo state governor, Sen. Abiola Ajimobi, to serve as its acting National Chairman after the Court of Appeal in Abuja upheld the suspension of Adams Oshiomhole….Read more.
The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power…Read more.
The country’s foreign reserves have commenced a downward trend, dropping by $129.83m in one week, the latest data from the Central Bank of Nigeria have shown.The reserves, which stood at $36.57bn as of June 3, fell to $36.45bn on June 11….Read more.
FMDQ Securities Exchange Limited has said it is set to host a live webinar for stakeholders of the Nigerian financial market to discuss how to combat currency exchange volatility through risk management tools….Read more.
Global foreign direct investment (FDI) flows are projected to decrease by up to 40 per cent in 2020, from their 2019 value of $1.54 trillion, according to United Nations Conference on Trade and Development’s (UNCTAD’s) World Investment Report 2020…Read more.
Amid harsh operating environment, Dangote Cement Plc has posted Group revenues of ₦891.7 billion and volumes of 23.7 million metric tonnes of cement production capacity in its 2019 operations…Read more.
As the bickering continues over the location of the Nigerian Maritime Administration and Safety Agency (NIMSA’s), floating dry dock, the Maritime Industry Advocacy Initiative (MAIN)…Read more.
The Director General of the Nigeria Institute of Animal Science, Prof. Eustace Iyayi, has said the livestock industry in Nigeria could be valued at least N50 trillion over the next decade if all the right structures are put in place…Read more.
“If we ease the lockdown as quickly as possible, get the businesses back as quickly as possible, those, who may have suffered total disruptions in their business, we would make funds available to them, in the health sector, the SMEs…Read more.
BUA Cement Consolidates Profit Growth The prospects are bright for shareholders of BUA Cement Plc as the company recorded a growth of 26 per cent in profit after tax for the first quarter ended March 31, 2020,.…Read more