Experts seek reforms to unlock poultry industry’s potential
By Kafayat kokumo Experts have called for reforms, increased investment, innovation and stronger collaboration among stakeholders to unlock the full potential of Nigeria’s poultry industry, to enhance food security, job creation and economic growth. Speaking recently at the Poultry Association of Nigeria (PAN), Lagos State Chapter summit themed, “Flocking to Growth: Transforming Nigerian Poultry Industry […]
Banks borrow N10 trillion from CBN in Q2
The Central Bank of Nigeria (CBN) said it lent N10 trillion to banks to fund their operations in the second quarter of the year. This reflected the severity of the liquidity crisis in the banking industry during the quarter.
LCCI faults CBN, NDIC over troubled banks
The Lagos Chamber of Commerce and Industry (LCCI) has faulted the CBN and the Nigerian Deposit Insurance Corporation (NDIC) over the current happenings in the banking sector.
Nigeria, Sao Tome and Principe drilling campaign shows promise
Hope and expectations have greeted the commencement of drilling, this week, in the Joint Development Zone (JDZ), an exclusive economic area in the Gulf of Guinea, shared by Nigeria and Sao Tome and Principe.
Oil up around $73 per barrel
Oil prices rose to around $73 a barrel on Friday, lifted by slightly better GDP and jobs data out of the United States, although still rangebound over the week. U.S. crude for October CLc1 gained 32 cents to $72.87 a barrel by 1221 GMT.
Diamond Bank makes N25bn provision for bad loans
Diamond Bank Plc has announced a N24.62 billion provision for bad loans, including loans emanating from margin activities, in its 2009 financial year.
