Wednesday, July 15, 2020
Palm oil, poultry, packaging lead new manufacturing jobs
Tightened borders and shift in tastes among Nigerians ramped up patronage of palm/vegetable oil, plastic packaging and poultry products in 2019, forcing the producers to lift year-on-year job numbers in the manufacturing sector by 25 percent…Read more.
Amid fraud allegations, students on NDDC, PTDF scholarship stranded abroad
While billions of naira was allegedly being misappropriated in the Niger Delta Development Commission (NDDC), scores of students on its scholarship abroad remained stranded, and the outbreak of coronavirus has worsened their situation….Read more.
Oil trades higher as global stocks gain on promising vaccine results
Global stocks followed Wall Street higher as encouraging results for an experimental Covid-19 vaccine and hopes of further stimulus for pandemic-hit economies outweighed escalating US-China tension over Hong Kong….Read more.
OPEC adjusts oil demand to 8.9 million bpd
The Organization of the Petroleum Exporting Countries (OPEC), yesterday, revised downward its world oil demand in 2020, to an estimated 8.9 million barrel per day (bpd) adjusting it up by 0.1 million bpd against last month’s projection….Read more.
AfDB seeks youth workforce maximization for West African economic recovery
The African Development Bank (AfDB), in its just-released Regional Economic Outlook 2020, has called on the West African countries to harness their youthful workforce for the speedy recovery of its economy post-COVID-19…Read more.
‘Continued disregard for COVID-19 protocols prolonging economic recovery’
With many sectors yet to re-open, while commercial activities remain subdued, the Lagos Chamber of Commerce and Industry (LCCI), has expressed fears that continued disregard for the COVID-19 protocols may prolong economic recovery, as government mulls actions to contain the pandemic…Read more.
Nigerians lacked enough water, soap for hand washing – NBS
The National Bureau of Statistics said on Tuesday that a large number of Nigerian households surveyed in June said they could not afford to buy sufficient supplies of the water they needed for handwashing…Read more.
Explore equity financing, less debt, LCCI tells FG
The President, Lagos Chamber of Commerce and Industry, Mrs Toki Mabogunje, in a statement on the quarterly press conference of the chamber on Tuesday, said the approach was not sustainable as the country was still struggling to generate sufficient revenues…Read more.
COVID-19 cut off 40% of our revenue, says Osinbajo
The Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, disclosed this in a statement titled “How we are converting COVID-19 pandemic to opportunity to reset the economy – Osinbajo,” on Tuesday…Read more.
Transcorp Hotels Seeks to Raise N10bn from Existing Shareholders
Transcorp Hotels Plc has applied to the Nigerian Stock Exchange (NSE) to raise additional capital via a rights issue from existing shareholders. Transcorp Hotels made the application through its stockbroker, United Capital Securities Limited…Read more.
NCAC Holds Nigeria’s First Drive-in Engagement
Nigeria’s cultural tourism community has witnessed its first successful post COVID-19 new normal engagement with a drive-in artistic experience….Read more.
CBN unveils non-interest guidelines for AGSMEIS, MSMEDF, others CBN Governor.
The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF)…Read more.
COVID-19: Stakeholders commend NPA’s handling of port operation
STAKEHOLDERS have commended the Nigerian Ports Authority’s, NPA handling of port operations during the period of the lockdown as a result of global coronavirus pandemic. The stakeholders explained that NPA did not only stop the collection of demurrage by terminal operators…Read more
Barge, off-dock operation will aid port decongestion —Sifax boss
AS the building congestion at the port continues to raise concern by stakeholders, Executive Director, SIFAX Off Dock, Ibraheem Olugbade, has urged maritime operators to adopt the option of barge transportation of consignments from the Lagos ports…Read more.
