The Nigerian Investment Promotion Commission (NIPC) says its “Book of States” to be launched formally in first quarter of 2021 is now available on its website for general public to download. The maiden edition of the document was released on Friday on NIPC’s website, nipc.gov.ng The Book of States which was prepared by NIPC with Read More…
The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion. Specifically, the market capitalisation dropped N68 billion or 0.46 per cent to close at N14.852 against N14.920 trillion. Also, All-Share Index which opened at 28,546.22 lost 130.91 points or 0.46 per cent to close at Read More…
Experts on Friday urged the Federal Government to consider having a national fleet for the maritime industry to effectively contribute its quota to the country’s Gross Domestic Product (GDP). They made the appeal in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Mr Greg Ogbeifun, Chairman and Chief Executive Officer of Starzs Read More…
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to prevail on electricity distribution companies to regularise the varying costs of electricity tariffs across the states of the country. Mr Mansur Ahmed, President, MAN, made the call in a statement on Friday in Lagos. Ahmed said that the appeal for uniformity in Read More…
Mr Sam Egube, Commissioner for Economic Planning and Budget, Lagos State, on Thursday unveiled plans for this year’s Lagos Economic Summit tagged ‘Ehingbeti 2020’ slated for Nov. 10 to 12. The plans for the summit, which targets 100,000 participants, were outlined by Egube, also co-Chair of the summit, at a stakeholders conference and logo presentation Read More…
Dr Nasir Sani-Gwarzo, Permanent Secretary, Federal Ministry of Industry, Trade, and Investment (FMITI) says the nation will soon have better, simpler regulations for business and stronger protection of property rights. Sani-Gwarzo said this was to ensure ease of doing business in the country. He gave the assurance at a Sensitisation Workshop on Improvement of Business Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has commended President Muhammadu Buhari for the early presentation of the 2021 budget estimates to the National Assembly for passage. The chamber said the move was a demonstration of the current administration’s commitment to sustaining the return to January – December budget cycle. Dr Muda Yusuf, Director-General, Read More…
President Muhammadu Buhari has presented the 2021 budget proposal of N13.08trillion to the National Assembly for consideration and passage into law. The president, who was accompanied by Vice-President Yemi Osinbajo, some cabinet members and presidential aides, arrived the premises of NASS at about 11.03p.m. He explained that the total aggregate revenue projected for the 2021 Read More…
The World Bank Group has said that it will help developing countries resume growth and respond to the health, social, and economic impacts of COVID-19. President of the bank, Mr David Malpass, in a statement on Wednesday, said it would assist the countries as they worked toward a sustainable and inclusive recovery. Malpass, however, said Read More…
The Nigerian Stock Exchange market indices on Wednesday dropped by 0.95 per cent after 12 consecutive days of bullish trading. The drop followed profit taking in blue chips. Speficially, the All-Share Index dipped 275.02 points or 0.95 per cent to close at 28,634.35 compared with 28,909.37 recorded on Tuesday. Also, the market capitalisation lost N144 Read More…
