The Lagos Chamber of Commerce and Industry (LCCI) says the mounting inflationary pressure reported in the November 2020 was expected, given the prevailing economic conditions and escalating cost environment. Dr Muda Yusuf, Director-General, LCCI made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. NAN reports that the Read More…
The Nigerian equities on Tuesday, extended its positive momentum with the market capitalisation increasing further by N199 billion, as investors stepped -up bargain-hunting ahead of 2021. Specifically, the market capitalisation rose by N199 billion or 1.09 per cent to close at N18.410 trillion compared with N18.211 trillion achieved on Monday. Also, the All-Share Index gained Read More…
Mrs Toke Benson-Awoyinka, the Special Adviser to Gov. Babajide Sanwo-Olu of Lagos State on Housing, says investments in real estate sector can guarantee mass employment for Nigerians and enhance economic growth. Benson-Awoyinka said on Monday in a statement that the Lagos State Real Estate Regulatory Authority (LASRERA) had not relented in its efforts to unearth various opportunities Read More…
The domestic equities market opened for the week on Monday on a positive note with the All-Share Index appreciating by 1.73 per cent, amid buying interest in Dangote Cement and 25 other stocks. Specifically, the index which opened at 34,250.74 rose by 592.70 points or 1.73 per cent to close at 34,843.44. Accordingly, month-to-date loss Read More…
Lagos State Governor, Mr. Babjide Sanwo-Olu, has said that the government will establish the Lagos Aquaculture Centre of Excellence (L.A.C.E), in collaboration with a private sector investor, as part of efforts to boost fish production in the State. Governor Sanwo-Olu, who disclosed this over the weekend at the Y2020 edition of the Lagos Seafood Festival Read More…
The Lagos State Government on Sunday said that it was ready to collaborate with the Real Estate Developers Association of Nigeria (REDAN), being a critical stakeholder in the development of the state. The Lagos State Commissioner for Physical Planning and Urban Development, Dr Idris Salako, made the assertion at the 2020 Maiden Edition of REDAN Read More…
…biofuel produced from used cooking oil Emirates has welcomed its latest advanced A380 to its 2020 fleet. The MSN A6-EVL, its 116th A380 landed in Dubai at the weekend. The newest member of the Emirates fleet was powered by a blend of jet fuel and sustainable aviation fuel (SAF). This is the first time the airline Read More…
The International Monetary Fund (IMF) mission to Nigeria says exchange rate and monetary policy reforms, increased revenue mobilisation and structural reforms will unlock Nigeria’s growth potential. The team lead, Ms Jesmin Rahman, said this in a statement issued on Friday in Washington D.C at the conclusion of the virtual mission. The mission was conducted from Read More…
Trading on the nation’s bourse maintained a downward trend for the fifth consecutive trading days with the All-Share Index declining by 0.89 per cent. The index lost 306.52 points or 0.89 per cent to close at 34,250.74 from 34,557.26 posted on Thursday. Similarly, the market capitalisation of listed equities dipped N171 billion to N17.901 trillion Read More…
Turnout of visitors at the 2020 edition of the Lagos International Trade Fair (LITF) improved on Thursday as it entered its seventh day. the News Agency of Nigeria (NAN) reports. Exhibitors at the Tafawa Balewa Square venue attributed the development to the rush-hour syndrome as the 10-day event begins to draw to a close. Mrs Read More…
