LCCI projects increased inflation rate for February
2021-03-02
LCCI has projected an increase within the range of one per cent in the Nigerian headline inflation index for February, 2021.Continue Reading
NERC to review Meter Asset Provider initiative
2021-03-02
NERC says it is in the process of reviewing the Meter Asset Provider Regulation 2018 to fast-track closure of the existing metering gap.Continue Reading
Stakeholders urge review of regulations on ease of doing business
2021-03-02
Capital market stakeholders have called for periodic review of laws and regulations across the country to enhance ease of doing business.Continue Reading
NSE market capitalisation drops N123bn on Nestle loss
2021-03-02
By Chinyere Joel-Nwokeoma The nation’s bourse closed trading on Tuesday on a negative note, due to price depreciation posted by Nestle and other 25 stocks. Consequently, the benchmark index declined by 233.81 or 0.59 per cent to 39,697.62 from 39,931.63 achieved on Monday. Accordingly, the month-to-date and year-to-date losses increasedContinue Reading
JED invests N800m to improve electricity in Benue
2021-03-02
By Emmanuel Antswen The Jos Electricity Distribution (JED) Company says the company is investing about N800m to improve electricity in Benue. Alhaji Inuwa Babangida, Chairman, Board of Directors of the company, disclosed this on Tuesday in Makurdi, when he paid a courtesy visit on Gov. Samuel Ortom in Makurdi. HeContinue Reading
FG begins sale of 200,000 tonnes of rice to 18 millers
2021-03-02
By Ibrahim Bello The Federal Government through the Central Bank of Nigeria’ (CBN) Anchor Borrowers’ Programme (ABP) has commenced sale of 200,000 metric tonnes of paddy rice to 18 Nigerian millers. The CBN Governor, Mr Godwin Emefiele, made this known at the 5th year anniversary of ABP at Birnin Kebbi onContinue Reading
Nestlé Nigeria Plc records N287bn revenue, 1.1% growth in 2020
2021-03-02
By Vivian Ihechu Nestlé Nigeria Plc has announced its financial results for the year 2020, posting a revenue of N 287.1 billion with 1.1 per cent growth over the previous year. Gross profit for the year 2020 stood at N 119.2 billion, compared to N 128.1 billion during 2019. TheContinue Reading
FAO trains 600 crop, livestock farmers in Benue
2021-03-02
By Philip Dzeremo Food and Agriculture Organisation (FAO) said it had trained 600 crop and livestock farmers in rural communities of Benue on alternative feedstock. The five-day training, which began on February 1 with a refresher training for extension workers, was followed by mobilisation of farmers in some communities in Logo,Continue Reading
NIPC to showcase investment opportunities at Nigeria Finance Week – Official
2021-03-02
By Emmanuella Anokam The Nigerian Investment Promotion Commission (NIPC) says it will host a special session tagged “Showcasing Sub-National Investment Opportunities” at the Nigeria Finance Week to promote investments into priority sectors. Mr Emeka Offor, NIPC’s Director of Strategic Communication, said at the opening of the finance week on TuesdayContinue Reading
Oil industry losing investments to non-passage of PIB – Okowa
2021-03-02
Gov. Ifeanyi Okowa of Delta, on Monday, said the nation’s oil industry had lost substantial investments due to delay in the passage of Petroleum Industry Bill (PIB).Continue Reading
