Business
Local production value drops by N5.02tr amid N577.61b unsold goods
Local manufacturers have decried the rising level of inventory, especially for unsold manufactured goods, adding that declining disposable income of consumers, as well as rising inflation The post Local production
Nigeria needs 8% growth rate to avert multidimensional poverty, says Rewane
The Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has warned that unless the economy grows by, at least, seven to eight per cent yearly in the next
Capitalisation plunges by N371b as stock market reverses gains
The Nigerian Stock Exchange (NSE) has reversed previous gains to close on a bearish note yesterday as most blue-chip stocks depreciated, causing market capitaliisation to plunge by N371 billion. The
Imperative of securing Nigeria’s maritime environment
Commercial intercourse or trade among nations of the world has been growing in volume, value, and sophistication over the years The post Imperative of securing Nigeria’s maritime environment appeared first
Freight forwarders kick against practitioner fee in seaports
Freight forwarders have condemned the collection of the Practitioner Operating Fee (POF) at the nation’s seaports. The post Freight forwarders kick against practitioner fee in seaports appeared first on The
Nigeria’s trade deficit exceed N7 trillion
Nigeria’s external imbalance continues to widen as the trade deficit for 2020 hit N7.38 trillion. The post Nigeria’s trade deficit exceed N7 trillion appeared first on The Guardian Nigeria News
‘Telcos, banks should partner to drive cashless economy’
The partnership of the telecommunications sector, financial technology companies (Fintechs) and banks, if well leveraged, can drive Nigeria’s cashless economy programme. The post ‘Telcos, banks should partner to drive cashless
Flutterwave closes $170m funding, recognises role of favourable regulatory environment in growth
Flutterwave, Africa’s leading payments technology company, has announced a USD 170 million fund secured from a leading group of international investors. The post Flutterwave closes $170m funding, recognises role of
Investors lose N371bn on NSE in one trading session
Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers. Specifically, the market capitalisation which opened at N20.612 trillion
Vaccine Rollout, US Stimulus Boost Global Economic Outlook, OECD Says
The global economic outlook has brightened as vaccine rollouts gain speed and the United States launches a vast new stimulus package, the OECD said on Tuesday, hiking its forecasts. The
