Activities on the Nigerian Stock Exchange (NSE) is back on a positive territory with the market capitalization increasing by N33 billion. The  market capitalization which opened at N13.133 trillion inched N33 billion or 0.25 per cent to close at N13.166 trillion. Also, the All-Share Index rose by 95.75 points or 0.25 per cent to 38,198.60 […]

The Bankers Committee  inaugurated a board to facilitate equity funds for the growth of agriculture and small businesses in the country. Mr Ahmed Abdullahi, the Director, Banking Supervision, Central Bank of Nigeria (CBN) made this known to newsmen at the end of the 331st bankers committee meeting in Abuja. The media briefing was attended by […]

The Debt Management Office (DMO) has faulted claims that the Nigerian government was issuing dollar denominated treasury bills. The Director General of DMO, Mrs Patience Oniha, cleared the air at a meeting with editors from different media houses in Lagos. Mrs Oniha stated that the Nigerian government was not issuing any dollar treasury bill but […]

Government at all levels have been urged to harness the economic potentials of the Bunu people in Kabba/Bunu local government Area of Kogi state in North Central Nigeria. This call was made at the end of a ten day campaign by Bunu Emancipation Team. Founder of the group, Mr. Olu Majek said the campaign was […]

Small, Micro and Medium-scale Enterprises are the engines of growth for any economy. Some start as one-man enterprise and grow to employ workers and become large corporations. A 2010 National SME report by Small and Medium Enterprises Development Agency of Nigeria, in conjunction with the National Bureau of Statistics, stated that the sector has about […]

Dizengoff Nigeria has announced the delivery of 50 units of 75HP CASE IH tractors to tractor service providers. It said that the first set of tractors was being delivered immediately while the second batch would be delivered by end of August. The delivery, according to the firm, is aimed at providing the much-needed farm mechanisation […]

The Group Managing Director/Chief Executive Officer of Chemstar Paints Industry Nigeria Limited, manufacturers of Finecoat and Shield Paints, Mr.  Aderemi Awode, says business environment has been very tough and challenging for the paints industry in Nigeria. He attributed this to the high rate of foreign exchange, given the fact that over 60 per cent of […]

After years of unfulfilled promises and false starts, electricity supply has begun to return to Magboro and other communities in Ogun State, leaving many residents surprised as they claimed to have lost hope. The communities including Ibafo, Mowe and Aseshe had been starved of electricity for over 10 years, a development that hampered business activities […]

OPEC Headquarters OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel’s pledge to cut output to raise prices. In its monthly report on the global oil market, the International Energy Agency said, however, that it […]

The Minister of State for Industry, Trade and Investment, Aisha Abubakar, says the Federal Government is aware of the enormous role the private sector plays in economic recovery process and is therefore committed to creating an enabling business environment in the country. She listed some of the economic reforms the government had introduced in recent […]