NITDA, TETFUND move to ensure digital inclusion in institutions

NITDA, TETFUND move to ensure digital inclusion in institutions

The National Information Technology Development Agency (NITDA) and the Tertiary Education Trust Fund (TETFUND) have signed a Memorandum of Understanding (MoU) to deploy emerging technologies and ensure digital inclusion in tertiary institutions More »

NCDMB seeks review of act to expand local content

NCDMB seeks review of act to expand local content

Nigerian Content Development and Monitoring Board (NCDMB), may approach the National Assembly in the coming weeks, to seek review of the Local Content Act 2010, to include other sectors of the nation’s More »

Tackling challenge of erratic power supply

Tackling challenge of erratic power supply

The failure of huge capital investments and reforms to improve the situation in Nigeria’s power sector has necessitated a change in strategy by the federal government, writes Peter Uzoho Worried by the More »

CBN auctions N34bn treasury bills

CBN auctions N34bn treasury bills

The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure foreign investors. According to Reuters, traders said the central bank asked them to increase their rates More »

Stakeholders seek clarification of forex ban for food import

Stakeholders seek clarification of forex ban for food import

Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not More »

Ecobank engages new graduates

Ecobank engages new graduates

In keeping with its talent development strategy, a new set of Graduate Trainees have commenced entry level development programme at the Ecobank Nigeria Academy in Lagos, the bank has disclosed. It stated More »

 

All-Share index falls below 27,000 threshold as market sustains losses

The Nigerian Stock Exchange (NSE) All-Share Index (ASE) fell below the 27,000 threshold to 26,925.29 last week following the free-fall the stock market has been experiencing. The continued bear run pushed the NSE ASI down by 1.40 per cent, while

Conoil shareholders approves N1.4bn dividend as coy promises higher returns

Conoil shareholders approves N1.4bn dividend as coy promises higher returns

Shareholders of Conoil Plc last Friday approved a dividend of N1.4 billion for the 2019 financial year, just as the company has expressed optimism about sustaining its tradition of delivering higher dividend. The shareholders gave the approval at the 49th

Airbus extends lead as Boeing new orders plunge 71 per cent

commercial jet manufacturer, Airbus, has stretched its lead over Boeing in aircraft deliveries, as the latter continues to be held back by the grounding of its embattled 737 Max model.  The Chicago-based Boeing, yesterday, said it delivered 19 planes in

Debt market capital to Get more Boost as FMDQ transforms

The Nigerian debt capital market is set to witness a boost following the transformation of the FMDQ OTC Securities Exchange to   a full-fledged securities exchange from an over-the-counter (OTC) market. Financial market operators, analysts and other stakeholders said that  given

Analysts predict bearish outing for equities

As the equities market re-opens for business today, market analysts have predicted that proceedings on the floor of the Nigerian Stock Exchange (NSE) would continue to be bearish this week. The Federal Government had declared Monday and Tuesday public holidays to

Pharma Deko workers protest alleged mismanagement of resources

Employees of Pharma-Deko Plc took to the streets of Agbara Industrial Estate in Agbara, Ogun State, protesting alleged gradual collapse of the company, caused by the the mismanagement of its resources. The protesting workers led by their various plant union

LAPO Microfinance targets N154 billion loan deals in 2019

LAPO Microfinance Bank Limited is targeting a disbursement of N154 billion loan as support to Micro, Small and Medium Enterprises (MSMEs) in the country this year. Meanwhile, the bank has raised its authorised capital by 75 per cent from N2

We are operating at N3trn shortfall, DisCos lament

Power Distribution Companies in Nigeria (DISCOS), at the weekend,  lamented they incured a huge operational shortfall of about N3 trillion, a development that makes it difficult for them to meet their  obligation. Speaking to  Daily Sun in Abuja, the Executive Director,

African air traffic soars by 11.7% amid global demand surge

Air traffic demand in Nigeria and other African countries improved by 11.7 per cent in June as part of the global upsurge of 5.0 per cent compared to June 2018.The International Air Transport Association’s (IATA) global passenger traffic results for

Zenith Bank to assist Cross River on agricultural revolution

The efforts by Cross River State Governor, Ben Ayade, to industrialise Cross River State through its agricultural value chain policy got a major boost with the announcement of a partnership between the state government and Zenith Bank. This followed a

‘Nigeria can fight poverty if forex potential is explored’

Nigeria can reduce its level of unemployment and fight poverty if the potential in the foreign exchange (fx) market is fully explored, FX expert has said. According to them, using institutional mechanism to drive a profitable foreign exchange in the

Nigeria requires N100bn annually to bridge infrastructure deficit

The Executive Secretary of the Nigerian Shippers’ Council (NCS); Mr Hassan Bello has said that Nigeria required N100 billion every year to bridge infrastructure deficit for the next 30 years in the country. Bello disclosed stated this recently in Lagos during