Blog List Layout

By Friday Ekeoba The trade relationship between Nigeria and the UK may soon get a further boost, as the UK’s Prime Minister Trade Envoy to Nigeria, John Howell has called for more collaboration and strengthening of existing business opportunities between both countries. He said the Nigeria market with lots of business growth potentials remained untapped, noting that the British government is more than ever ready …

Read More »

Worried by the continued insolvency currently being experienced by most state in the country, the National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion workers contributory pension funds. Speaking at a conference held on Wednesday, President of ASCSN, Bobboi Bala Kaigama said the fund …

Read More »

By Friday Ekeoba The Lagos Chamber of Commerce and Industry (LCCI) and the Delegation of German Industry and Commerce in Nigeria (DGIC) have signed a Memorandum of Understanding (MOU) to boost trade, investment and knowledge transfer between Germany and Nigeria. The official signing, which took place at the German Consulate in Lagos recently, provided the platform for support to Nigerian …

Read More »

FRIDAY EKEOBA The downturn in the domestic economy activities might have started to take its toll on the manufacturing sector as Flour Mills in its fourth quarter result announcement According to FBN Research, there is the likelihood that the flour going concern will review downward its consensus forecast profit-before-tax for 2017. In a filling to the Nigerian Stock Exchange during …

Read More »

FRIDAY EKEOBA Barring any monumental change in the domestic economy, the Minister of Finance, Mrs Kemi Adeosun,Thursday assured Nigerians that the nation would only face a short recession if the nation’s economy contracts again in the second quarter as the removal of fuel subsidies and policies to lower dependency on oil will pay off. It would be recalled that the International Monetary Fund (IMF) …

Read More »

FRIDAY EKEOBA Following the daunting challenges in the domestic economy, WEMA Bank Plc on Thursday posted a 16 per cent rise in its gross earnings unaudited financial result for the six month ended June 30th 2016. According to its filling to the Nigerian Stock Exchange (NSE) for verification, the bank’s gross earnings rose to N24.3billion in 2016 compared to N20.9 billion …

Read More »

FRIDAY EKEOBA The Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI), Mr Waziri Adio, said recently that there was no reason for Nigeria to have 110 million people living in poverty. The numbers which constitute 64.7 per cent of the country’s 170 million population, according to the NEITI boss do not have business suffering considering the domestic economy income from …

Read More »

Zenith Bank Plc has been named as Nigeria’s most customer-focused bank by KPMG the leading advisory and consultancy firm. KPMG in its 2016 edition of the annual banking industry Customer Satisfaction Survey recently released, Zenith topped other Nigerian banks in the Customer Satisfaction Index (CSI) with a total of 74.6 points to clinch the first position in the retail banking category. By this, the …

Read More »

FRIDAY EKEOBA Lafarge Africa Plc, one of the leadingcement manufacturer in the domestic economy has posted a material loss of N28.0billion in its second quarter financial result for the year end June 2016, even as it attributed the dip to foreign exchange losses that impacted negatively on its operations to the tune of N27.5billion. In a filling to the Nigerian StockExchange on Wednesday for verification, …

Read More »

The International Monetary Fund lowered its world growth estimates for 2016 and 2017 on Tuesday, citing the negative impact of Britain’s vote to quit the European Union. Here are the IMF’s new forecasts for percent growth of gross domestic product, with the change in percentage points from April in parentheses. Country/region 2016 2017 World 3.1 (-0.1) 3.4 (-0.1) Advanced economies …

Read More »