NSIA unveils $300m Renewable Energy Fund
By Emma Ujah, Abuja Bureau Chief The Nigeria Sovereign Investment Authority, (NSIA) has launched the $300 million Nigeria Distributed Renewable Energy (DRE) Fund, a new investment vehicle designed to accelerate private-sector investment in renewable energy and expand electricity access to underserved communities and businesses across the country. The Fund, which reached its commercial launch milestone […]
GDP data release, N369bn inflow to shape market activities
FINANCIAL market activities will this week be influenced by the release of data for the country’s Gross Domestic Product (GDP) for Fourth Quarter 2017 (Q4’2017) and Full year 2017 (FY 2017) by the National Bureau of Statistics, inflow of N369 billion into the interbank money market as well as liquidity mop-up by the Central Bank of Nigeria (CBN).
Contributory pension threatened over new rule
FOLLOWING a recent guideline from the National Pension Commission, PenCom, workers are jettisoning the Voluntary Contribution, VC, initiative of the Commission on the grounds that it defeats the original aim why workers embraced the initiative.
DPR shut erring stations in Jigawa
Kano/Jigawa operations of the Department of Petroleum Resources, DPR, has sealed three filling stations in Jigawa state, north western Nigeria for selling above the official pump price of N145, hoarding and outright diversion of the product.
‘Terrible mistake’ for long-term investors to be in bonds – Buffett
Billionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in United States stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds.
Embrace National Social Investment Programmes, Uwais tells Nigerians
Mrs Mariam Uwais, presidential aide on National Social Investment Programmes (NSIP), has called on Nigerians to join the programme and reap its benefits, especially on employment.
