Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
Sterling Bank appoints Suleiman new CEO as Adeola retires
Sterling Bank Plc yesterday announced the appointment of Abubakar Suleiman as its new Managing Director/Chief Executive.
Naira appreciates to N360.43/$ in I&E as external reserves gain $664m
The naira Thursday appreciated to N360.43 per dollar in the Investors and Exporters (I&E) window, even as the nation’s external reserves recorded $664 million increase in the first ten days of the year.
Oil price hits $70 per barrel, raises hope for N8.6trn 2018 budget
By Udeme Akpan THE price of crude oil has risen from $68 to $70 per barrel in the international market as a result of rising demand, thus raising hope for the implementation of the nation’s N8.6 trillion 2018 budget. A survey of the market by Vanguard showed that the price of Bonny Light, Nigeria’s premium […]
Nigerian Stock Exchange: Honeywell, CCNN lead, N436bn gains
Gains in Honeywell FlourMills Plc and Cement Company of Northern Nigeria, CCNN, and 54 other companies that recorded varying degree of price increase today buoyed the equities capitalisation by N436 billion as the market continues to gallop.
Again, NNPC shuts down Escravos gas pipeline
The epileptic power situation witnessed across the country since the beginning of the year is expected to worsen further, as the Nigerian National Petroleum Corporation, NNPC, Thursday, announced another closure of the Escravos to Lagos Pipeline, ELP, due to an explosion on the facility.
