By Lucy Ogalue The Chairman of the Wuse Market Traders Association, Mr Okorie Ikechukwu-Raphael, has cautioned traders against arbitrary inflation of prices, warning that excessive profiteering is worsening hardship for Nigerians. Ikechukwu-Raphael stated this while interacting with newsmen on Friday in Abuja. The chairman, who said government reforms were beginningContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) says Africa’s transition states will require 210 billion dollars annually to achieve sustainable structural economic transformation. Dr Abdul Kamara, Director-General, Nigeria Country Department of the AfDB, said this during a policy dialogue session at the ongoing Nigerian Economic Society (NES) Conference inContinue Reading
Turnaround By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s upstream oil sector is experiencing a significant turnaround. It said Crude oil losses from theft and metering issues had fallen to their lowest levels in nearly 16 years. According to the Commission, daily losses in JulyContinue Reading
Charcoal industry catalyst to Nigeria’s economic growth, poverty reduction – Expert By Collins Yakubu-Hammer An entrepreneur, Ebenezer Akarah, says Nigeria’s untapped charcoal industry holds key to powering the economy and lifting the citizens out of poverty. Akarah in an interview with the News Agency of Nigeria (NAN), on Wednesday inContinue Reading
By Taiye Olayemi The Central Securities Clearing System (CSCS) on Wednesday sensitised capital market stakeholders on the smooth transition to a T+2 settlement cycle ahead of its Nov. 28 launch. The webinar brought together capital market operators, regulators, and the Nigerian Exchange Ltd., providing updates, guidance, and clarity on theContinue Reading
By Taiye Olayemi Dangote Cement Plc says it paid N3.3 trillion in dividends to its shareholders over the last 15 years. The company made this known on Wednesday during its “Facts Behind the Figures” presentation at theContinue Reading
Growth By Desmond Ejibas Federal Government says Nigeria has projected a significant rise in industrial contribution to GDP, targeting 25 per cent growth between 2025 and 2035 under a newly validated strategic framework. Sen. John Owan, Minister of State for Industry, made the remark during a panel session atContinue Reading
Power By Constance Athekame The Federal Government says Nigeria is on the path to achieving a sustainable power sector and ensuring reliable electricity supply for its citizens. The Minister of Power, Chief Adebayo Adelabu, stated this on Wednesday in Abuja while inaugurating a two-storey building comprising five training workshops andContinue Reading
By Taiye Olayemi The equities market closed on a positive note on Wednesday, as performance indices grew by 0.41 per cent amid increased buying interest and bargain hunting. The uptrend was driven by strong buying interest in medium and large-capitalised stocks such as Chellaram, FTN Cocoa Processors, Berger Paints, SunuContinue Reading
By Ginika Okoye A professor of Capital Market, Uche Uwaleke, has called for the establishment of a National Compensation Fund to assist victims of proven Ponzi frauds. Uwaleke, also the President, Capital Market Academics of Nigeria (CMAN), made the call at a virtual workshop on Ponzi schemes in Abuja. AccordingContinue Reading
