Category: Business
Nigeria’s Debt to World Bank Climbs to $8.52bn
•BY JUDE ANORUO• Nigeria’s indebtedness to the World Bank currently stands at $8.52billion, representing an increase of 48.69 per cent within a period of two...
Equities Market Records Marginal Gain at the Weekend
Equities that traded on the floor of the Nigerian Stock Exchange (NSE) for the week-ended July 27, 2018 ended positive with 0.09 percent marginal gain, week on week....
Food Processing Firms Commit to Improve Country’s Nutrition, Health
•By AZUBIKE OGBONNAYA with agency report• Chief executive officers (CEOs) from Nigeria’s leading food processing companies have revealed new food fortification...
Africa’s Fortunes Will Shape the World, Says Osinbajo at Google for Nigeria Event
•Global Tech firm announces free internet access following Silicon Valley visit •Democratisation of technology is quantum leap for Africa’s development• “This...
Union Bank Earnings Swells By 16% in H1 2018
One of the country’s oldest financial institutions, the Union Bank of Nigeria has declared 16 per cent gross earnings for the half year ended June 30, 2018. The...
NNPC Recruits Engineers on Renewable Energy Project
The country’s apex oil regulatory organisation, the Nigerian National Petroleum Corporation (NNPC) is seeking the collaboration of body of engineers in the country...
Africa-India Trade Records 10-fold Growth, Hits $55bn in 2017
BUKKY AKINDELE Commerce between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national trading partner, according...
CBN Pegs Benchmark Interest Rate at 14%
BY BUKKY AKINDELE The Central Bank of Nigeria (CBN) has kept its main interest rate on hold at 14 percent to counter inflationary risk and introduced an initiative aimed...
Premium Pensions Caps Nigerian RSA Funds with 7.55% Return
BY BUKKY AKINDELE• At close of business, Premium Pensions Retirement Service Account (RSA) fund led the performance ranking of Nigeria’s RSA Pension funds for the...
Enyimba Economic City Design Ready as Ruyi Group Emerges Major Investor
BY DOROTHY NNACH in Umuahia Abia State government has expressed happiness with the progress being recorded in its drive to establish the Enyimba Economic City (EEC),...
