Kenya’s main stock index rose 2.51 per cent ,to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta. Traders said in Nairobi that the surge was due to the endorsements of the election by various foreign observer groups. Aly Khan Satchu, an independent trader and analyst in […]

Trading activities on the Nigerian Stock Exchange (NSE) succumbed to profit taking  just as predicted by market analysts. The market indices dropped by 0.65 per cent due to price losses occasioned by sell pressure. Consequently, the All-Share Index dipped 247.64 points or 0.65 per cent to close at 37,950.96 compared with 38,198.60 achieved on Friday. […]

The Lagos Chamber of Commerce and Industry has advised the National Assembly to apply greater discretion while exercising its investigative powers so as to avoid distraction to private sector players, erosion of investors’ confidence and collateral damage to the economy. In a statement signed by the Director-General, LCCI, Mr. Muda Yusuf, on Sunday, the chamber […]

The Shippers’ Association in Lagos State says the Nigerian Shippers’ Council (NSC) should be assisted with the necessary legal backing to carry out regulatory activities within Nigerian ports. The President of the association, Mr Jonathan Nicol, said this in a statement made available to newsmen in Lagos. According to Nicol, the absence of an enabling […]

As  President Muhammadu Buhari’s administration continues to implement steps to improve the economic fortunes of the country, experts have called for the strengthening of fortified food processes. Doing this, they said, will not only aid the diversification of the economy, it would also help ensure that the country has a healthy populace. They made the […]

Lafarge Africa, one the leading cement manufacturers in Nigeria, has restated its commitment to use renewable energy to enhance sustainable development of the construction industry and protection of the environment. Mr Olusegun Soyoye, the Plant Manager, Lafarge Africa, made the assertion during a tour of the cement plant at Ewekoro in Ogun. Soyoye said that […]

Yobe Government in collaboration with the World Bank and humanitarian agencies has supported returnee displaced persons and those still in camp with farm inputs to enable them to engage in agricultural activities toward economic recovery. Alhaji Musa Jidawa, Permanent Secretary, Yobe State Emergency Management Agency (SEMA), disclosed this in an interview  in Damaturu on Sunday. […]

Lafarge Africa Plc says it has concluded plans to inject about 30 mega watts of electricity into the national grid by 2018. According to the Manager of Ewekoro plant, the firm’s flagship manufacturing base, Mr. Segun Soyoye, Lafarge currently produces 90 mega watts of electricity to power its operations with a target to increase the […]

Refinancing Federal Government’s maturing local debts with $3bn external borrowing will not only crash the rate of domestic borrowing but also allow some borrowing space to the private sector, the Debt Management Office has said. In a statement issued in Abuja on Friday, the DMO said borrowing from foreign sources to refinance the local debts […]

The Nigerian National Petroleum Corporation (NNPC) says it has unveiled plans to expand gas generation and distribution in the country to support Federal Government’s plan of generating 10 GigaWatts of electricity. Mr Ndu Ughamadu, NNPC spokesperson, said this in a statement  in Abuja. He said the Corporation’s Group Managing Director, (GMD),  Dr Maikanti Baru said […]