Tuesday, September 01, 2020
Weary investors are now renewing their interest in Nigeria’s beleaguered electricity sector as they count on the new service-reflective tariff regime kicking off today to breathe new life into the sector by vastly improving liquidity across the value chain…Read more.
Multinational companies unable to repatriate dollar dividends and stuck with naira they don’t immediately need are using the idle cash to buy tiny bits of ownership in their local units. Heineken B.V, Nestle SA and Unilever Overseas holdings have since…Read more.
In China, ports are the gateways to international trade. One hundred and thirty of its 2,000 ports are open to foreign ships. Dwell time is no more an issue, and traders are aware of what to spend to get their goods in and out. As a result…Read more.
A United Nations report put the figure of online sale transactions alone at $25.6 trillion globally, in 2018, up eight percent from 2017, even as stakeholders in Nigeria have called on the Federal Government…Read more.
Plans moratorium for deserving obligors. As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly to support its efforts in recovering the debt of over N5 trillion from obligors…Read more.
The clearing house for 290 airlines globally said the International Civil Aviation Organisation’s (ICAO) Take-Off guidance would aid safe operations across the continent, amid the COVID-19 crisis…Read more.
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Indigenous contractors on Monday staged a protest at the headquarters of the Federal Ministry of Finance, Budget and National Planning to kick against the non-payment of their N18bn contract sum by the ministry…Read more.
The Federal Government has raised the share capital of the Agricultural Credit Guarantee Scheme to N50bn from N3bn. The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019…Read more.
Oil marketers on Monday expressed surprise over the resurfacing of petrol subsidy in June 2020 as disclosed by the Nigerian National Petroleum Corporation in its latest operations report…Read more.
The Chief Executive Officer, Ardova Plc, Olumide Adeosun, has said the company remains committed to delivering improved profitability and value for shareholders in 2020 and beyond. Adeosun stated this while addressing shareholders…Read more.
Dangote Cement Plc is issuing Series 17 and 18 Commercial Paper to raise N50 billion under its N150 billion CP Issuance Programme. The offer opened yesterday and is expected to close on Thursday, September 3, 2020…Read more.
Piqued by post-harvest challenges faced by farmers, the federal government has finalised arrangement to construct eight solar dryers with four in each of the federal constituencies in the country…Read more.
Despite the economic downturn recorded in the second quarter of the year, Q2’20, investors in the Nigerian stock market gained about N332 billion in the month of August 2020, thus defying the negative sentiment from the country’s abysmal Gross Domestic Product, GDP…Read more.
The Federal Government has disclosed that it has secured $6.15 billion for infrastructural development in the power sector. The Minister of Power, Engr. Sale Mamman, who disclosed this in his report …Read more.
Gas flaring in Nigeria’s oil fields has taken a huge toll on the economy, as the country flared 225.1 billion standard cubic feet of gas, (bscf) between January and July 2020…Read more.