MAN Outlines Safeguards For Post- AfCFTA Ratification
Local manufacturers have outlined some of the pre-conditions and safeguards given to the Federal Government as part of measures to maximise the potential benefits of the African Continental Free Trade Area (AfCFTA) deal, having signed the agreement. Click here for more.
Infrastructure Deficit May Cost Nigeria $878 Billion By 2040
It has been projected that government’s continued neglect of the nation’s infrastructural development would lead amount to a huge deficit of $878 billion by the Year 2040. Besides, successive governments in the last 40 years have neglected its development. Click here for more.
Why foreign airlines retain 80% air traffic share in Nigeria, others
The absence of a functional national carrier in Nigeria, and other African major air markets has been blamed for local airlines’ loss of international air traffic to their foreign counterparts. The dominance, which has steadied at 80 per cent in the last couple of years, cost indigenous operators both potential revenue and growth. Click here for more.
Fraud: Nigerian firm, Lutoyilex, barred from bidding for World Bank, AfDB contracts
Lutoyilex Construct Limited, a construction company registered in Nigeria, has joined the list of firms debarred for fraudulent practices by the African Development Bank Group and other international bodies. Click here for more.
NSEASI Dips Further By -0.49% As Sell Pressure Persists
Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.49% to close at 28,200.88 points as against 0.79% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -10.28%. Click here for more.
Nigeria Stocks Extend Slump on Policy Delays, Central Bank Steps
Nigeria’s benchmark stock index fell for a fifth day, a slump that underscores foreign investor frustration over a lack of policy progress since President Muhammadu Buhari won re-election in February. Click here for more.
CBN Intervenes In Forex Market With $210m
The interbank segment of the Foreign Exchange Market has received a fresh boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, July 16, 2019. Click here for more.
Offshore Investors Rally 10-Year Bond following Decline in CPI Inflation
Demand Interests remained stable in the FGN bond space, with yields relatively unchanged on the day, as market players remained cautious ahead of the Q3 FGN Bond Calendar release. We, however, witnessed some offshore interest around the 10-Year bucket. Click here for more.
Jim Ovia urges Emefiele to create the enabling environment that will empower the Nigerian youths
The Chairman/Founder of Zenith Bank Plc, Mr. Jim Ovia (CON), has called on the CBN Governor, Mr. Godwin Emefiele (CON) to create the enabling environment through the institution of various initiatives that support financial inclusion to help empower and blossom the Nigerian youths. Click here for more.
Nigeria Is Almost Ready For 5G Technology – NCC
With more than 33 percent broadband penetration, hundreds of kilometres of fibre cables laid across the country, about five Infrastructure Companies (Infracos) licensed and a 70 percent broadband target in few years’ time. Click here for more.
Seven ways to beat, survive Lagos traffic
Lagos is notorious for its traffic gridlock. There are so many cars on the roads from private cars, commercial buses (Danfo), taxis, the Keke NAPEP (tricycles) and motorcycles (Okada). The traffic would have been more bearable but for the addition of impatient drivers and riders, impatient pedestrians. Click here for more.
Lagarde Formally Resigns Appointment At IMF
In a statement released on Tuesday, Lagarde said her resignation will be effective from September 12. The 63-year-old was appointed to lead the Bretton Wood institution in 2011, but got re-elected for a second term in 2016. Click here for more.