Wednesday, October 14, 2020
The Federal Government on Tuesday declared that it would double the number of airports across Nigeria by 2023. Nigeria has about 31 airports currently. The Federal Airports Authority of Nigeria operates 26 of the facilities, while others are largely run by states…read more.
Nigeria is now the largest producer of rice in Africa, the Federal Government said on Tuesday. Minister of Agriculture and Rural Development, Sabo Nanono, said this in Abuja at an event to mark the 2020 World Food Day, celebrated annually on October 16…read more.
The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this in its World Economic Outlook report for October 2020 which was released on Tuesday…read more.
Nigeria is now the largest producer of rice in Africa, the Federal Government said on Tuesday. Minister of Agriculture and Rural Development, Sabo Nanono, said this in Abuja at an event to mark the 2020 World Food Day, celebrated annually on October 16….read more.
The International Air Transport Association (IATA) has demonstrated the low incidence of in-flight COVID-19 transmission with an updated tally of published cases. Since the start of 2020, there have been 44 cases of COVID-19 reported in which transmission is thought to have been associated with a flight…read more.
Nigerian exporters earned $10.4million from the exportation of ginger in 2019. This comes as the farmers said they were doubling production this year to tap into the $3billion global ginger market…read more.
The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional and retail investors to continue to access increased liquidity in fixed income securities…read more.
Goddy Egene writes on the need for discerning investors looking for high returns to take advantage of the unprecedented rally in the stock market. The stock market is seen as a risky terrain by some investors given its volatility…read more.
Stockbrokers in Nigeria are warming up to prepare a roadmap on how the federal government can leverage the capital market to put Nigeria’s dwindling economy on sound footing. The brokers, who are doing this in pursuit of their roles as agents of wealth creation…read more.
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Integrated Data Services Limited (IDSL) said they are continuing the search towards attaining a $10 per barrel production cost with the deployment…read more.
THE Nigerian Ports Authority, NPA, has said that it generated a total revenue of N1.02tn in the space of three years under the leadership of Managing Director, Hadiza Bala-Usman…read more.
THE Association of Nigeria Licensed Customs Agents, ANLCA, has called for the placement of the 81 import items restricted from access to Central Bank of Nigeria’s foreign exchange resources to be included on the contraband list…read more.
Minister of Finance, Budget and National Planning, Zainab Ahmed, says government is not yet sure whether it would issue any Eurobond next year for budget funding, a decision that would largely depend on developments in both the local and international capital markets…read more.
Nigeria is spending 57 times less than the global average per head on coronavirus patients. Nevertheless, its private sector has contributed five times more than the global average and people familiar with the disease burden in sub-Saharan Africa are calling for more funding…read more.
MTN Ghana has withdrawn a case against that country’s telecoms regulator, which had sought to declare the mobile operator as being too big in the market. MTN CEO Ralph Mupita told Business Day he is “encouraged by the constructive engagements between our executives in Ghana…read more.