Despite the pressure being exerted on the Nigerian economy by the twin- challenges of preparation for next month elections and the disruptions to agricultural production as a result of the activities of Boko Haram in the North-east, Nigeria still appears to be experiencing modest food-price disinflation. This information was contained in the latest edition of […]
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Ultimate Sports Nutrition (USN) South Africa, in partnership with Mikado Nigeria Limited, has entered Nigerian market with products in three broad categories. In this encounter, the Managing Director of Mikado, Mr. Mike Ojeme, shared his company’s marketing plans for the products with Raheem Akingbolu With presence in over 40 countries of the world, the Ultimate […]
I am really saddened and deeply troubled by the turn of events over the last few days by the tone of the debate on the economy and the personalities involved. The two principal actors are people who are not just close to me, but respected internationally in the field of economics. In his latest article, […]
The Nigerian equities market on Monday recorded its first gain of the year after shedding 13 per cent last week. The market had recorded persistent decline in the first trading week of the year, leading to a dip of N1.49 trillion in capitalisation.
Indications emerged at the weekend that a combination of dwindling revenue of the nation’s money deposit banks on the one hand and a cocktail of measures put in place by the Central Bank of Nigeria (CBN) to rid the financial system of excess liquidity may set state governments and banks on a collision course in […]
Described by its developers as the Centre of Now, Downtown Dubai is one of the world’s most visited destinations, thanks to superstructures birthed through big dreams and the desire to stretch the boundaries of human capabilities. Downtown Dubai is home to arguably, the most important architectural icon of the 21st century, the Burj Khalifa, as […]
President Goodluck Jonathan is expected to inaugurate the disbursement of the Central Bank of Nigeria’s (CBN’s) N220 billion Fund for Micro Small and Medium Enterprises (MSMEs) today. The fund is aimed at providing support for the development of the real sector of the economy. Of the total fund, about 60 per cent or N132 billion […]
The naira gained 0.11 per cent against the United States currency on the interbank market yesterday, supported by inflows from lenders selling dollars to stay within a regulatory limit for holding hard currencies, dealers said. The unit closed at N161.90 to the dollar, up from N162.07 it closed on Friday, Reuters revealed. The naira eased […]
Trading at the stock market continued with its bearish trend yesterday as investors’ sentiments remained negative. As a result, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) shed 0.02 per cent to close at 41,370.24. The market closed 2.86 per cent lower last week as investors reacted negatively to weak six months financial results of […]
Mansard Insurance Plc and Beta Glass Plc yesterday announced their financial results for the half year ended June 30, 2014, showing reduced bottom lines. While the insurance company reported a decline of 56 per cent in profit, Beta Glass posted a decline of 23 per cent. An analysis of results of Mansard Insurance indicated that […]