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Want to be your own boss in 2019? Billionaire Richard Branson has advice

By Catherine Clifford If you want to become your own boss in 2019, coming up with a business idea is the first step. If that feels daunting, billionaire serial entrepreneur Richard Branson has advice: Start by asking yourself what you could do to make your own life better or easier. “Entrepreneurship in its truest form is about identifying a gap ... Read More »

Investors stake N8.509 billion on Diamond Bank, GT Bank, Zenith Bank shares

A total turnover of 1.270 billion shares worth N13.463 billion in 16,476 deals were traded this week (ended January 18)by investors on the floor of  the Exchange in contrast to a total of  1.265 billion  shares  valued at N14.074 billion that exchanged hands last week in 19,278 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.131 ... Read More »

Foreign Investors Pull N642.65 Bn out of Nigerian Stock Market

The Nigerian Stock Exchange (NSE) has said that foreign investors pulled out a total of N642.65bn (about $2.104 billion) from the nation’s stock market last year, compared to the N435.31 withdrawn in 2017.The report by Nigeria’s Punch newspaper on Friday said that the report by the NSE on Thursday in Lagos showed that foreign inflows into the Nigerian market fell ... Read More »

NEM Insurance announces investment by Advanced Finance and Investment Group

NEM Insurance Plc , a leading insurance group in Nigeria announced that Advanced Finance and Investment Group (“AFIG Funds”) (www.AFIGFunds.com), a leading African private equity fund manager has, through AFIG Fund II, completed an investment in the Company, by acquiring 29.9% of the Company’s shares from some existing shareholders of the Company (the “Transaction”). This Transaction now makes AFIG Funds ... Read More »

NSE CEO Reviews 2018 Market Performance and Gives Outlook for 2019

The Nigerian Stock Exchange (“NSE” or “The Exchange”) held its 2018 Market Recap and Outlook for 2019 on Monday, January 14, 2018, at the Stock Exchange House, Marina, Lagos. This annual event is a forum for the Chief Executive Officer of NSE, Mr. Oscar N. Onyema, OON, to brief the stockbroking community, analysts, media and other stakeholders, on the performance ... Read More »

How FG Borrowed N6.1trn From N8.49 Pension Assets

The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme, the National Pension Commission, NPC, has revealed. These figures were released by NPC on Tuesday in Abuja, revealing the FG’s borrowing represents 73.5 per cent of the pension fund. According to data from Pencom, Pension Fund Administrators also invested 6.87 ... Read More »

Econet cuts off internet services in Zimbabwe

Econet Wireless Zimbabwe, the country’s largest mobile operator, said on Wednesday its internet services had been cut off following an order from the government amid deadly protests in the country, Reuters reported. “We are obliged to act when directed to do so and the matter is beyond our control,” Econet said in a text message to customers, adding that all ... Read More »

Niger State set to become leading rice producer, says Gov Sani-Bello

Niger State set to become leading rice producer in Nigeria, Gov. Abubakar  Sani-Bello has assured. He added that the state government has intensified efforts to increase rice production during the next farming season, disclosing plans to also increase the state production of the staple food by 30 percent this farming season. Gov Sani Bello spoke when he received members of ... Read More »

BPE DG urges YEDC board to shun sectional interest

 BY ONYEKA AJUMOBI ONOCHIE Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has charged members of the Management Board of the Yola Electricity Distribution Company (YEDC) to shun personal and sectional interests in the discharge of their duties. Inaugurating the Board of the company headed by Mr. Gbeleyi Ayodeji on Wednesday, January 9, 2019, in ... Read More »

Women, NURTW members to benefit from Hon. Madobi empowerment scheme

BY DAHIRU SULEIMAN,DUTSE. No fewer than two hundred women drawn from Dutse, and Kiyawa are to benefit from a sponsored Intensive Empowerment Training Program by the member of the House of Representatives representing  Dutse/Kiyawa Federal Constituency, Hon. Ibrahim  Abdullahi Kemba Madobi. The training in conjunction with the Jigawa offices of the NDE is aimed at capacity building, training on different ... Read More »

NSE: Technical glitch disrupts activities at Stock Exchange for four hours on Monday

The Nigerian Stock Exchange (NSE) on Monday, January 14, 2019, encountered a technical glitch which impacted trading activities for about four hours. Head of Shared Services Division, NSE, Mr Bola Adeeko, said that the glitch was resolved and market transactions continued at 1:45 p.m. Due to the lost trading time, Mr Adeeko explained that a decision was taken to extend ... Read More »

Governor Shettima and the Leadership of NETAFIM meet to Adopt Best Practices in Agriculture

Governor Shettima has met with representatives of one of the world’s leading irrigation companies and sole partners of the Borno State Government on a bilateral agreement on irrigation, NETAFIM; the Commercial Manager, Nigeria, Sean Movsowitz and Sandy Eyal. The meeting revolved on adopting smart and innovative irrigation solutions to improve agriculture in the State. Led by former Minister of State ... Read More »

FG IS REPOSITIONING MARITIME INDUSTRY TO BETTER NIGERIA’S ECONOMY – SGF

…Our Stakeholders, Our Source of Pride, says Dakuku  …As Shipping Agencies Bag NIMASA Maritime Achievement Awards The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha has said that the Federal Government has successfully worked hard through the Nigerian Maritime Administration and Safety Agency (NIMASA) to reposition the Nigerian maritime industry for the nation’s economic growth. Mustapha said ... Read More »

Crisis in NASSI as members sack DG over alleged fraud

The Nigerian Association of Small Scale Industrialists (NASSI) has announced the sack of its acting Director-General, Mr Solomon Vongfu. NASSI, founded in 1978, is the umbrella body of the country’s micro and small scale industrialists engaged in production, manufacturing, provision of services, entrepreneurship and human resource development, among others. Vongfu’s “sack’’ was announced in a memo issued by the National ... Read More »

FRSC decries activities of smugglers on Idi-roko road in Ogun

The Idi-roko Command of the Federal Road Safety Corps (FRSC) in Ogun, has decried the activities of smugglers, which it described as a major challenge confronted its operations in 2018. Mr Olugbenga Farinloye, the Idi-roko Unit Commander of FRSC, disclosed this in an interview with the News Agency of Nigeria (NAN) in Ota, Ogun, on Monday. Farinloye said that most ... Read More »

Dangote, SIFAX boss hail fresh initiative on Maritime Sector growth

The Chairman and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, and the Group Executive Vice Chairman of SIFAX Group, Dr. Taiwo Afolabi, on Friday joined other stakeholders in the Nigerian maritime sector to hail fresh initiatives by the Nigerian Maritime Administration and Safety Agency (NIMASA) towards realisation of a robust maritime industry. Speaking ahead of the Agency’s maritime ... Read More »

FG To Borrow N823b Through Treasury Bills In First Quarter 2019

The federal government of Nigeria is set to borrow N823 billion from the domestic economy in the first quarter of the year 2019 (Q1’19) through treasury bills which will be issued by the Central Bank of Nigeria (CBN). The Apex bank disclosed this in its treasury bills (TB) issuance programme for Q1’19. The fresh TBs to be issued during the ... Read More »

Oil price rises to $60, raises hope for 2019 budget

The price of oil has raised hope for Nigeria’s 2019 budget as it increased to $60 per barrel following the resolve of members of the Organisation of Petroleum Exporting Countries (OPEC) not to pump excess oil into the volatile market. Vanguard reports that OPEC has continued to withdraw excess oil from the international market. According to report, prices of Brent, ... Read More »

IFC pledges to support Lagos State on infrastructure devpt

BY ONYEKA AJUMOBI ONOCHIE IFC, a member of the World Bank Group, and Lagos State government today announced a memorandum of understanding under which IFC will seek to provide advisory services to enhance infrastructure development and strengthen Lagos State’s long-term financial sustainability. IFC’s advisory services will be designed to improve procurement for key transport projects and support project development in ... Read More »

World Bank Forecasts Nigeria’s GDP to Grow by 2.2 per cent in 2019

Nigeria’s real Gross Domestic Product (GDP) growth will expand by 2.2 per cent in 2019, the World Bank said in its annual Global Economic Prospects published Wednesday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018. According to the World Bank, growth in sub-Saharan Africa would accelerate to 3.4 per cent in 2019, due to ... Read More »