Imports choke textile industry, rise to N1.1trn in two years
Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
Akwa Ibom govt is pursuing a private sector driven industrialisation agenda — Udoh
Commissioner of Information, Akwa Ibom State, Mr Charles Udoh, in this interview with Financial Vanguard disclosed the state government’s drive to industrialise the state and efforts to build infrastructure to attract foreign investors in different sectors of the economy. He disclosed that opportunity exists to build gas fired thermal power, other factories, among other viable projects in the state.
MFBs will follow macroeconomic trend in 2018 — CEOs
CHIEF executives of Microfinance banks (MFBs) have projected that the performance of the subsector in 2018 will follow the trend of macroeconomic indices during the year.
Stock market: Operators list positive drivers in 2018
STILL relishing the outstanding performance in the equities market last year, investment bankers and stockbrokers have listed factors that will help in driving the equities market during the course of the year.
Technology has helped in checking unauthorised sale of shares — Fakrogha, Foresight Securities
Since the capital market meltdown of 2008, the Nigerian Stock Exchange, NSE, has come up with various initiatives in terms of technological development to advance the market in keeping with international best standard. In this interview, Mr. Charles Fakrogha, Stockbroker/Chief Relationship Officer with Foresight Securities & Investment Limited, highlighted some of such initiatives and how they have helped in advancing the market.
Fund transfer: Between NIP and NEFT
THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications.
