Business News
Firms highlight options for effective metering
PwC Nigeria and Momas Electricity Meters Manufacturing Company Limited (MEMMCOL) have called for an effective and comprehensive metering programme to make the power sector more transparent. The post Firms highlight
Special funding intervention key to AfCFTA implementation, says NOTN
The acting Chief Trade Negotiator and Director General, Nigerian Office for Trade Negotiations (NOTN), Victor Liman, has stated the need for a special funding intervention… The post Special funding intervention
Mixed reactions trail Port Harcourt-Maiduguri rail project
The rehabilitation of the Port Harcourt-Maiduguri railroad has continued to gain reactions; this is even as stakeholders claim the project is politically motivated. The post Mixed reactions trail Port Harcourt-Maiduguri
Nigeria attracts $2.6bn FDI in 2020 amid global downturn
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD Investment Trends Monitor The post
NCC licenses six new ISPs, increases industry operators to 163
The Nigerian Communications Commission (NCC) has issued licences to six new firms to operate as Internet Service providers (ISPs) in the country. The post NCC licenses six new ISPs, increases
Poor infrastructure, smuggling, funding gap crippling Africa’s petroleum downstream
With a growing population, huge energy demand, and projected industrial and agricultural boom, cross-border infrastructural deficits, funding gaps, smuggling, and lack of harmonized taxes The post Poor infrastructure, smuggling, funding
Hope rises for sustainable trading as NSE completes demutualisation
After six decades of operation as a non-profit organisation under the control of some individuals and institutions, the Nigerian Stock Exchange (NSE) has begun the journey to becoming a public-owned
Equities suffer sixth weekly loss as index slumps further by 1.74%
Although the stock market closed positive twice, last week, the gains were not enough to push the indices as the market suffered its sixth consecutive weekly loss. The post Equities
BDC operators declare war against currency speculators
The Central Bank of Nigeria (CBN)-licensed Bureau De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers whose activities they accused of distorting the
‘Building insurance defaulters will face N5 million fine, imprisonment’
The penalty of non-compliance awaits property owners who fail to heed the compulsory insurance of public buildings and buildings under construction when the Insurance Industry Consolidated Bill is passed into
