Business
Cautious optimism trails manufacturing investment prospects
The impact of the coronavirus, insecurity and governance issues may have significantly impacted manufacturing activities within the country, as investments in the sector dropped… The post Cautious optimism trails manufacturing
United Capital posts N7.7b PBT as index depreciates by 0.05 per cent
United Capital Plc has recorded profit before tax (PBT) of N7.95 billion in its 2020 operations against N4.95 billion achieved in the corresponding period in 2019. The post United Capital
FG to spend $1 billion on credit to small businesses
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has said the 1 billion syndicated term loan secured by the Bank of Industry (BoI) will be used to provide
Kano Assembly approves Ganduje’s N20bn loan request
The Kano State House of Assembly has approved Gov. Abdullahi Umar Ganduje’s request to access N20 billion domestic loans to fund capital projects. The post Kano Assembly approves Ganduje’s N20bn
How Nigeria loses $14.2bn to bottlenecks at ports
African Centre for Supply Chain (ACSC) practitioners has disclosed that congestion at the Nigerian ports is negatively impacting the country’s gross domestic product… The post How Nigeria loses $14.2bn to
Airtel Africa, Helios Towers sign $108m asset sale deal
Telecommunications firm, Airtel Africa, has struck deals with Helios Towers for the sale of its towers in Madagascar and Malawi for a combined $108 million The post Airtel Africa, Helios
There’s enough forex for obligations – CBN
CBN …Hold rate at 11.5 % …As Foreign reserve hits $36. 5 b …MPC worries over insecurity in food producing areas Emma Ujah, Abuja Bureau Chief The Central Bank of
CBN retains MPR at 11.5%, parameters constant amidst policy dilemma
Godwin Emefiele, CBN Governor. In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the Monetary Policy
Nigeria Leaves Monetary Policy Unchanged at 11.5%
The Central Bank of Nigeria has left its monetary policy rate unchanged at 11.5% during its March 2021 meeting, despite intensifying inflationary pressures, as it tries to prop up an
