The Lagos Chamber of Commerce and Industry (LCCI) on Saturday challenged States Governments in Nigeria to take a cue from the current steps of the Federal Government to improve investment environment. Commending the creation of the Presidential Enabling Business Environment Council (PEBEC), chaired by the Vice President, Professor Yemi Osinbajo, President of LCCI, Dr (Mrs) Nike Akande explained that the …

An energy expert, Mr Patrick Okigbo, has said that many Nigerians are not paying for electric power because there is not enough disposable income. Okigbo said on Friday that what the average Nigerian earned was not enough to pay all the bills and would rather give preference to other commodities and services such as food and shelter. He said, “Now …

The Debt Management Office (DMO), has concluded plans to issue a new type of bond called the FGN Savings Bond (FGNSB). This will be the Federal Government’s third debt instrument after the FGN Eurobond and FGN Treasury Bills. Unlike the first two debt instruments, the FGNSB is targeted at retail investors and lower income earners to encourage savings and earn more …

Activities in the private sector in the domestic economy, expanded for a second straight month in February, driven by a rise in new business despite a fall in export sales, a survey showed on Friday. The Markit Stanbic IBTC Nigeria Purchasing Managers’ Index (PMI) rose to 52.2 last month after rising to 51.9 in January, the strongest reading since December …

The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja, has disclosed that the Commission will commence its 2017 Easter pilgrimage to Israel from 8th -30th April, 2017. The NCPC boss in a statement explained that this year’s Easter pilgrimage is designed to afford Christians and all intending pilgrims the opportunity to encounter Christ during the Easter season. Despite …

As a part of its women empowerment initiative and sustained drive towards showcasing innovative women led technology entrepreneurs, Dangote Group sponsored the “Women in Technology Session” at the ongoing Social Media Week.  Speaking at the session, Halima Dangote, Executive Director and daughter of Africa’s richest man, premised Dangote Group’s support for women leader in technology on the need to “sustainably …

As part of measures to empower women financially,  FirstBank in collaboration with the Oyo State Ministry of Women Affairs recently  held Oyo State Summit on Women Empowerment. According to First Bank, the event  was hosted by the Wife of the Oyo State Governor, Mrs. Florence Ajimobi with Mrs. Ibukun Awosika, the Chairman, Board of Directors, First Bank of Nigeria Limited …

The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) has approved a grace period of one month, between Monday, 13th March to Wednesday 12th April 2017 for owners of all vehicles within the Country whose customs duty has not been paid, to do so. Consequently, all motor dealers and private owners of such vehicles are advised to visit the nearest …

From Left: Kobby Bentsi-Enchill, Executive Director, Stanbic IBTC Capital; Monday Usaide, Head, Market Development Department, Debt Management Office (DMO); Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Abraham Nwankwo, Director General, DMO; Oladele Afolabi, Director, Portfolio Management Department, DMO; Funmi Ogunlesi , Executive Director, Public Sector Group, Citi ; Abdulkadir Haruna, Team Leader, Market Planning, …

The Central Bank of Nigeria said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention. The acting Director, Corporate Communications of the CBN, Mr Isaac Okoroafor, on Thursday in Sokoto refuted the claim that the allegations by Mr Babatunde Gbadamosi on the illegal sales of foreign currencies at ridiculous rates were …