FG set to revive national shipping carriers

The Federal Government has said it is ready to grant approval to indigenous shipping firms to export crude oil and stem the nation’s huge capital flight. This is coming 17 years after the liquidation of the Nigerian National Shipping Line,... Read more →

Still a snail speed

Despite its huge potential and efforts by the Central Bank of Nigeria (CBN) and other financial services institutions to promote mobile payment adoption in the country, a new survey shows that the money service is still struggling to get a footing.... Read more →

IFC invests $6m in food production

The International Finance Corporation, a member of the World Bank Group, has announced a $6m investment in Saro AgroSciences Limited, a leading distributor of herbicides and insecticides in Nigeria. According to a statement from IFC, the investment... Read more →

Power of Attorney: Some basic rules (2)

Last week, we began this topic with basic information, description of the instrument called, ‘Power of Attorney’ and we noted that this is the authority given by the principal (donor) under seal or deed authorising the agent (donee) to act... Read more →

Deporting Nigerians from Nigeria should stop

At a recent dinner organized by one of the foreign missions in Abuja, a European diplomat, sitting close to me whispered to my ears, ‘’With this wave of governors deporting non-state indigenes, I hope you’re safe here in Abuja.’’ While... Read more →

Market capitalisation rises by N5bn

Activities on the Nigerian Stock Exchange continued on a positive note on the last trading day of the week. At the close of trading, the NSE’s All-Share Index rose by 0.04 per cent or 13.39 basis points from 36,563.89 points to 36,577.28 points. Similarly,... Read more →

DMO to ensure judicious use of $1bn Eurobond

The Director-General, the Debt Management Office, Dr. Abraham Nwankwo, has said the power projects for which the country recently secured a $1bn Eurobond will be judiciously monitored. The $1bn Eurobond offering meant to finance power projects... Read more →

South Africa to reduce corn output forecast

South Africa, the continent’s largest producer of corn, will probably reduce its forecast for output of the crop by 0.5 per cent, according to a survey. Bloomberg News reported that farmers may reap 11.34 million metric tons of the grain,... Read more →
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