Investors gain N418b in April as experts seek investments in agro, ICT

The Nigerian Exchange Limited (NGX) halted two months’ pullbacks to close April on a positive note as investors’ wealth soared by N418 billion in one month. The performance followed improved corporate earnings and renewed positive sentiments in blue-chips. The benchmark index gained 2.02 per cent to close the month at 39,834.42 basis points, from 39,045.13 […]

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What hinder large-scale farming in Nigeria

Rice section of the farm Absence of farm machinery for hire, lack of credit facilities and activities of herdsmen have been identified as major impediments to successful practice of large scale agriculture in Nigeria. The Chief Executive Officer, Skapomah Global Limited (SGL) Farms — an agric business company, sited in Anigbado, Abeokuta – Imeko Road, Yewa […]

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Minister versus downstream energy regulator: Is zero influence an option? (Part 1)

In the first part of this essay, Mr Olusola Adeyegbe, a Commercial Lawyer with a Master’s Degree in Petroleum Taxation and Finance, who has a vast experience in Regulation in the Banking and Energy Sectors, stresses the need to have an independent Regulator for the power sector, the main driver of Nigeria’s economy, so that […]

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Dangote empowers 16,000 rural women in Kwara

Managing Director/ Chief Executive Officer, Aliko Dangote Foundation, Zouera Youssoufou, (left); One of the Beneficiaries, Olomu of Aran, Oba Abdulrraheem Adeoti, at the official flag-off of disbursements of the Dangote Micro-Grants Programme in Moro Local Government Area , Kwara State. Aliko Dangote Foundation (ADF) has empowered a total of 16,000 women in all the 16 […]

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Food blockade sign for South Nigeria to buckle up on food production – Experts

‘If tiny Israel could feed self, why not South East?’ Stakeholders in agriculture and farmers in the South West, yesterday, allayed fears of food scarcity following the alleged stoppage of food supply to the region. But they were quick to challenge state governments in the region to take full advantage of massive fertile land in […]

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New loan benchmark may trigger asset bubble in banks

NPL 20% above the maximum threshold, may affect dividend payout Experts blame weak economy, harsh business environment Economists urge banks to observe due diligence in approval, strengthen risk framework CBN Governor Godwin Emefiele There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as […]

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Nigeria exits recession amid weak growth

Economy still troubled, in recession, say LCCI, Tella ‘Nigeria’s riotous cattle-herding system stealing growth potential’ Experts warn against undue optimism Defying projections and leveraging opportunities presented by the coronavirus pandemic through technology and remote work, Nigeria’s resilient private sector helped the economy to exit recession in the fourth quarter with a growth of 0.11 per […]

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Nigeria’s economy at ‘turning point’ as NESG projects 2.9% growth

‘Inflation to moderate at 14.5 per cent’ The Nigeria Economic Summit Group (NESG) has projected that the Nigerian economy would grow by 2.9 per cent this year and achieve a sustained high growth rate up to 2025 in line with the expected global recovery. The NESG, in its 2021 Macroeconomic Outlook unveiled yesterday, said the […]

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