April 1, 2025
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Home Posts tagged business (Page 4)
Law Opinion

Chronic disrespect for sanctity of contracts: An impediment to infrastructural development in Nigeria

Ihesiulo Grace 0
The National Economic Council, Nigeria’s highest economic decision making body, rose from its meeting on September 22, 2016, with a battle plan to salvage the dwindling economic fortunes of the erstwhile biggest economy in Africa. Key among the resolutions reached were the sale of government assets and the adoption of infrastructure concession to tackle the […]
Business

Chad ratifies Afreximbank establishment agreement

Ihesiulo Grace 0
President Idriss Deby Itno of Chad has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. An official message from Ngabo Seli Mbogo, Minister of Finance and Budget of Chad, transmitting the instrument of ratification to Dr. Benedict
nigeria
Headlines News

Nigeria 15th worst place to do business

Ihesiulo Grace 0
A global index agency, Ashish J. Thakkar Global Entrepreneurship Index of 85 countries, has ranked Nigeria as the 15thworst place to do business globally. The country was ranked 70 out of the ranked countries. Singapore was rated as the best environment for entrepreneurs.  In Africa, Namibia remains the best, coming 42 ahead of other prominent […]
News

 Discovery Air Sets Date for Business Resumption

Ihesiulo Grace 0
Discovery airline which had its Air Operators Certificate (AOC) restored about two weeks ago will start flight operations in July this year.   Investigation by Daily Times showed that the management of the airline was planning the repositioning of the airline for better performance as soon as it takes off.   The airline it was […]
Business

Aba Mega Mall Excites Investors at London Road Show

Ihesiulo Grace 0
The investment potentials of the $300m  Aba Mega Mall (AMM) , literally got investors who gathered at a London road show on Monday, March 23,  salivating and itching for a piece of the action. Apart from the promised returns of about seven per cent on investments  outlined by AMM’s  Managing Director,  Paul Obanua,  the regeneration  […]
Business

Nigeria’S Solar Capacity Hits 28 Megawatts – ECN

Ihesiulo Grace 0
Prof Jere Bala, the Director-General of the Energy Commission of Nigeria (ECN) has revealed that solar electricity generation has reached 28 megawatts. Bala disclosed this in Abuja, adding that Nigeria had started integrating some of the alternative energy sources, like the penetration of solar energy into energy supply in the country. “A lot of solar […]
Economy

Operators Call for Resolution of PIB, NOSDRA Conflicts

Ihesiulo Grace 0
Industry stakeholders have called for a thorough amendment of the National Oil Spill Detection and Response Agency, NOSDRA Bill currently before the National Assembly, to remove any conflict between it and the Petroleum Industry Bill, PIB.   Among the stakeholders, were officials of the Federal Ministry of Environment, Department of Petroleum Resources, DPR, and oil
Business

Nigeria Hit by Reversal of Portfolio Investments

Ihesiulo Grace 0
The Nigerian economy continues to be resilient against fiscal and investment instability, the latest disclosure by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), shows that the economy has been hit by reversal of portfolio investments, resulting in a drop of Net Foreign Assets (NFA). The Monetary Policy Committee met on 23rd and […]
Agriculture Business Headlines

Minister warns farmers of extreme weather, need for agric insurance

Ihesiulo Grace 0
Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina has warned farmers of the possibility of extreme weather conditions and the need for them to upscale their investments in agricultural insurance to protect them from unexpected losses. Adesina, stated this at the opening of the Lagos Zonal Headquarters of the Nigerian Agricultural Insurance Company, (NAIC)
Business Headlines

AshakaCem Concludes MTO, Shares Conversion

Ihesiulo Grace 0
The Board of Ashakacem Plc have announced the successful completion of its Mandatory Tender Offer to minority shareholders. Majority of the shareholders accepted the offer and converted their Ashakacem Plc shares to Lafarge Africa Plc shares. The company noted that through this process, the shareholders will tap into the value proposition provided by the benefit […]
Business Headlines

NSE appoints new primary market maker

Ihesiulo Grace 0
The Nigerian Stock Exchange (NSE) has announced the appointment of Chapel Hill Denham Securities Limited (CHDS) as one of its Primary Market Makers. The appointment of CHDS follows the resignation of WSTC Financial Services Limited, one of ten Primary Market Makers appointed in September 2012. The Executive Director, Business Development, NSE, Mr. Haruna Jalo-Waziri,
Business

BoI's Loan disbursements hit N780 Bn in 2014

Ihesiulo Grace 0
The Managing Director of the Bank of Industry (BoI), on Thursday, disclosed that disbursements of intervention funds and loans from the Bank to the nation’s real sector and other key sectors have hit N780 billion as at the end of 2014. Speaking at the yearly conference of the Nigerian Institute of Estate Surveyors and Valuers […]