Economy exits contraction but households remain pessimistic — CBN
•As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness […]
SEC, OANDO in legal cross fire over suspension of shares
The Securities and Exchange Commission and Oando Plc yesterday engaged in legal cross fire at the Federal High Court in Lagos over the technical suspension imposed on the shares of the company on the floor of the Nigerian stock market
Arms importation: Customs, agents trade blames over use of scanners at Apapa port
Amidst recent upsurge in the importation of arms and ammunition into the country the industry stakeholders are in tango over provision usage scanners at the nation’s seaports.
NIPCO deepens gas usage with free accessories
NIPCO Plc said it is ready to partner with the federal government to improve access to Liquefied Petroleum Gas [LPG] as cooking fuel to the generality of Nigerians at affordable rates.
NB appoints Borrut Bel as managing director
Nigerian Breweries, NB Plc, has announced the appointment of Mr. Jordi Borrut Bel as its Managing Director/Chief Executive Officer, even as it reorganises its management team. The appointment will take effect on January 22, 2018.
Power remains at the heart of ease of doing business in Nigeria — LCCI
The Lagos Chamber of Commerce and Industry, LCCI, has said that provision of power remains at the heart of ease of doing business in Nigeria.
