Business

Nigeria’s stocks have been rated among the world’s best-performers in the past four months, and foreign investors are a big reason for that, Bloomberg reported Monday. The New York-based financial software, data, and media company said net foreign inflows to Nigerian equities totalled N337 billion ($940 million) last year, the first time flows have been positive since at least 2013. …

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The National Co-ordinator of Independent Shareholders Association of Nigeria(ISAN),Adeniyi A. Adebisi has raised alarm over the capital market’s sudden boom and is requesting the nation’s economic managers to monitor the economy closely. However, in a separate interview,another Shareholder Alhaja.Sarat  Kudaisi said that her expectation was that the economy will be better this year,saying that the recent growth of the capital …

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One of the Africa’s leading mobile-network operators, MTN Group Limited, said it returned to profit in 2017, recovering from a $1bn fine it paid for its Nigerian business. The company in a statement on Monday said it was expected to report a profit for the 12 months ended December 31, 2017, Bloomberg reported. According to the report, the result compares with a …

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Bukola Saraki, Senate President, has vowed to vigorously pursue investigations into the fuel subsidy regime he said is characterised by fraudulent activities as the NNPC acknowledged that over N5.1 trillion has been paid to it as subsidy between 2005 and 2015. He said the fuel subsidy scheme designed for the benefit of poor Nigerians has become a cash cow for …

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Hajia Aisha Abubakar, the Minister of State, Industry, Trade and Investment, on Monday inaugurated a tomato monitoring team to oversee the implementation of government policy to boost production of fresh tomato fruits. She said at the event in Abuja that the objective of the policy was to achieve sustainable tomato processing in Nigeria. According to her, tomato industry is multi million dollars …

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To successfully tap huge economic potentials available in the maritime sector, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured relevant Stakeholders of the management resolve to provide enabling environment and infrastructure for investors. According to the NPA boss,  renewed efforts are being encouraged by way of partnership, collaboration and improved synergy amongst key players in …

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The growth and development of the nation’s economy are something good for both Nigerian and American businesses and the United States will continue to support Africa’s largest economy in finding new avenues for growth,Consul General,John Bray, has said. Bray said this on Monday during the Closing Gong Ceremony of the Nigerian Stock Exchange (NSE) where he went to “learn firsthand” …

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Director General of the Consumer Protection Council (CPC), Babatunde Irukera, on Monday said the Lagos State has emerged one of the largest and most recognised economies in the world. Irukera made the submission when he led a delegation of the CPC, top officials from the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and United Nations Industrial …

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Over 1000 investors, startups, hardware/software professionals, business developers, policy makers and other key stakeholders in the startup and technology sector recently converged at the Landmark event Centre in Lagos for the 2018 Techpoint Build event. The event, which is a brainchild of the Techpoint.ng team was tagged ‘Using technology to accelerate the nation’s economy’. The event which sponsored by Union …

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Thirty three ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from January 29 to February 19. The Nigerian Ports Authority ( NPA ) stated this in its publication, `Shipping Position’, a copy of which was made available in Lagos on Monday. It explained that seven of …

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