2020 budget good but not 100%, says Presidency
The Presidency said on Sunday that the President, Major General Muhammadu Buhari (retd.), was backed by law to return any portion of the 2020 budget that required reworking to the National Assembly. Click here for more.
West Africa Renames CFA Franc But Keeps It Pegged To Euro
West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris that have underpinned the region’s common currency since its creation soon World War Two. Click here for more.
How We Raised Pension Assets by N1.27trn In 2019 – PenCom Boss
The Commission has remained focused on its mandate of providing effective regulation and supervision of the pension industry throughout 2019. Particular attention has been given to provision of continuous capacity building and provision of necessary infrastructure. Click here for more.
Farmers earned N201bn from exports in nine months
Farmers in the country earned a total of N201. 66bn from export of agricultural products between January and September this year. The figure was arrived at from foreign trade in goods data, which was obtained from the National Bureau of Statistics. Click here for more.
Investors Lose N3.59bn WoW As NSEASI Dips By -0.04% To Close The Week Negative
Equities market closed Friday on a negative note, as NSEASI depreciated by -0.22% to close at 26,526.35 points as against -0.30% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.60%. Click here for more.
Insurance industry’s rebranding freezes with growing recapitalisation fever
The business operating environment seems tough for companies, especially in the insurance sector of the economy. Though there was an improvement in the value and volume of claims paid by the insurance industry in the current year compared to the previous year. Click here for more.
ASHON Chairman Foresees Bright Prospects for Capital Market
The Chairman of Association of Securities Dealing Houses of Nigeria (ASHON), Chief Oyinyechukwu Ezeagu, has projected bright prospects for the Nigerian capital market and its operators. According to him, there would be multiple options for securities dealers as the take-off of demutualization. Click here for more.
Mid-sized malls, neighbourhood stores, future of retail sector
The Chief Executive Officer-designate, FoodCo Nigeria Limited, Ade Sun-Basorun, says mid-sized shopping complexes and neighbourhood stores will be key real estate investments that will drive growth in the organised retail sector in Nigeria. Click here for more.
Christmas Dinner in Nigeria This Year Misses One Key Ingredient
Nigerians may have to do without their favorite delicacy this Christmas. Jollof, a mixture of rice, tomatoes and spices, is practically a national dish in Nigeria, Africa’s most-populous country with almost 200 million people. Click here for more.
Residents kick, businesses bleed as Apapa gridlock gets messier
As residents of Apapa, Nigeria’s port city, scream blue murder over the hell that Apapa has become in the last one month on account of congestion and gridlock, businesses are also bleeding with rising costs and low productivity for the same reason. After the spirited activities of the Presidential Task Team (PTT) which turned out. Click here for more.
NCC Cleans Up 24 Million Subscribers’ Records
The commission, in a statement highlighting its activities from January to October 2019, said the subscribers’ registrations were regularised using Automated Fingerprint Identification System in order to ensure a credible database of telephone subscribers. Click here for more.
US-based solar company to invest $300m in Nigeria
United States-based manufacturer of solar panel, lighting and batteries, Triton Solar has announced that it would be investing $300 million or more in Nigeria. The company’s Managing Partner, Global Head of Business. Click here for more.