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  • World Bank’s support fund disbursement in North East ends 2018

    November 2, 2017 2:07 PM 77

    The World Bank says the disbursement of $50 million for the livelihood and food support programme under the Fadama III second Additional Financing (AFII) will end in first quarter of 2018. Engr. Ibrahim Alkali, Project Desk Officer for Fadama III AFII, disclosed this in an interview with News Agency of Nigeria (NAN) in Abuja on Wednesday. Alkali said that the bank had disbursed

  • Oando declares N383.5bn turnover in Q3 2017, as debt reduces by N18bn

    October 31, 2017 10:32 PM 84

    The company also reduced its debt by N18 billion, from N247 billion as at December 2016 to N229 billion. The company’s gross profit increased by 148 per cent to N71.2 billion from N28.6 billion, while profit-after-tax increased by 120 per cent to N7.1 billion from a loss of (N35.8 billion) in Q3 2016. Commenting on the results, Wale Tinubu, Group Chief

  • Finance Minister Adeosun ratifies NCMDF board members

    October 31, 2017 8:36 AM 27

    ABUJA—THE Minister of Finance, Kemi Adeosun has approved the appointment of members of the Board of Nigerian Capital Market Development Fund, NCMDF. The Securities and Exchange Commission yesterday disclosed this, saying, “the Commission’s mandate is to deepen the market and enhance the socio economic development of our beloved country.” Others are Mr. Sunny

  • NAFDAC reviews registration fees for businesses downwards by 50%

    October 31, 2017 1:37 AM 28

    Minna— In an effort to boost and ease business transactions in Nigeria, National Agency for Food and Drugs and Control, NAFDAC, has reviewed downward registration fees of floating a new business by 50 percent. Acting Director General of the agency, Mr Ademola Mogbojuru, who disclosed this at the NAFDAC stakeholders consultative forum for Small and Medium

  • Nigeria imports N45bn fishery products from Norway yearly

    October 30, 2017 2:50 PM 29

    The Norwegian Ambassador to Nigeria, Mr Kjemprud Jens-Petter, says Nigeria imports fishery products worth $125m (N45bn) from his country annually. Jens-Petter said in Lagos on Monday that the fishery imports from Norway included stockfish, mackerel and salmon. “Annually, Norwegian fish exports to Nigeria stand at $125m and these include stockfish, pelagic

  • Fashion industry is Africa’s best kept treasure, AfDB director says

    October 29, 2017 4:34 PM 25

    Dr Sipho Moyo, the Director of Special Projects, African Development Bank (AfDB), said Africa’s fashion industry was best kept treasure capable of changing the continent’s economy. She told newsmen in Lagos on Sunday, on the sidelines of the “Fashionomics African Disrupt/Fashion Masterclass’’ that African fashion was unique. The Masterclass was organised

  • Global Smoke Alarms (Smoke Detector) Market 2017- Kidde, Tyco, Johnson Controls, BRK Brands and Halma

    October 29, 2017 12:01 PM 62

    The research study on global Smoke Alarms (Smoke Detector) market presents an extensive analysis of current Smoke Alarms (Smoke Detector) trends, market size, drivers, Smoke Alarms (Smoke Detector) opportunities, challenges, and problems as well as key Smoke Alarms (Smoke Detector) market segments. Further, in the Smoke Alarms (Smoke Detector) market

  • Global Ferrite Magnets Market 2017- FDK, JPMF, TDK, Hitachi Metals, TDG and VACUUMSCHMELZE

    October 29, 2017 12:29 AM 34

    The research study on global Ferrite Magnets market presents an extensive analysis of current Ferrite Magnets trends, market size, drivers, Ferrite Magnets opportunities, challenges, and problems as well as key Ferrite Magnets market segments. Further, in the Ferrite Magnets market report, various definitions and classification of the Ferrite Magnets

  • CBN Auctions N92.5b OMO Bills

    October 28, 2017 1:01 AM 29

    On Friday, October 27, 2017, the Central Bank of Nigeria (CBN) auctioned a total of bills worth N92.496 billion at the open market operations (OMO). A breakdown of the sale revealed that the central bank sold the 104-day bill for N105.95 million, while the 202-day bill at N92.390 billion. While the 202-day bill was auctioned at 17.8 percent stop rate, the 104-day bill was sold for 16 percent

  • DIARY-Emerging Markets Economic Events to Dec 29

    October 28, 2017 12:06 AM 26

    Guide to Economic Indicators ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- SATURDAY, OCTOBER 28 YANGON - Myanmar Central Bank Deputy Governor Bo Bo Nge gives speech on financial sector – 1130 GMT. PRAGUE - Czech National Bank holds