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 […]
Read more
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 […]
Read more
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 […]
Read more
“We think that debt has to be seen from the standpoint of its origins. Debt’s origins come from colonialism’s origins. Those who lend us money are those who had colonised us before. Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through […]
Read more
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 […]
Read more
Let me tell you a secret: If your salary is your only source of income, you are just one step away from poverty. You must become so financially secure that you forget that it is payday. You have multiple bills, why not have multiple streams of income? We are living in a world where one […]
Read more
‘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 […]
Read more
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 […]
Read more
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 […]
Read more
‘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 […]
Read more
