Business

Nigeria Industrial Policy: FG secures $380m investment commitments in 90 days

Nigeria Industrial Policy: FG secures $380m investment commitments in 90 days

The Federal Government has announced significant progress in the implementation of the Nigeria Industrial Policy (NIP) 2025, recording over $380 million in strategic financing commitments within its first 90 days and advancing key initiatives aimed at boosting local manufacturing, exports, skills development and industrial infrastructure. A 90-day progress report released by the Office of the Minister […]
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Fidelity Bank’s ‘Save4 Shelter’ promo produces winners

Fidelity Bank’s ‘Save4 Shelter’ promo produces winners

FIDELITY Bank Plc’s on-going promotional campaign, tagged ‘Save 4 Shelter’ promo has produced first set of winners.

A total of 21 customers drawn from the six geographical zones of the country won different cash prizes and consolation prizes of six refrigerators and generators sets at the first draw conducted at the bank’s head office in Lagos.

Ikeja DISCO rolls out 12,000 meters monthly

Ikeja DISCO rolls out 12,000 meters monthly

RESIDENTS and corporate bodies within the Ikeja Distribution Company, DISCO, are in for a good bargain as the Ikeja Electric, said it is rolling out 12,000 free meters from October.

Incentives, tax holiday will encourage entrepreneurs – Shareholders

Incentives, tax holiday will encourage entrepreneurs – Shareholders

The only thing that can encourage entrepreneurs to come and list their companies on the Nigerian Stock Exchange (NSE) is to give incentives and tax holiday, said Shareholders. Stockbrokers have identified entrepreneurs participation in the capital market as a key to boosting activities and repositioning the market for global competitiveness. As the stockbrokers clamoured, they also maintained that the capital market cannot do without the participation of the entrepreneurs who have the capacity to bring their companies for listing on the stock exchanges.

NNPC denies reduction in fuel price to N57/litre

NNPC denies reduction in fuel price to N57/litre

The Nigerian National Petroleum Corporation, NNPC, yesterday, debunked reports that the pump price of Premium Motor Spirit, also known as petrol has been reduced to N57 per liter.

Dakkada: State branding in nation building

Dakkada: State branding in nation building

Princewill Ekwujuru takes a look at the move by Akwa Ibom state to instil new thinking in the minds of the citizenry. It takes a new route to rebrand the state with the ‘Dakkada’ campaign instrument of change. Just like everything else, in time, a brand image gets tired and dusty, no longer able to rise to customers’ expectations and even to its own. And when that happens, it’s time to let go of the past and start believing in ones future: then it is time to think about rebranding.

Treasury bill yields decline further amidst high liquidity

Treasury bill yields decline further amidst high liquidity

The apex bank has raised N127.07 billion in trading Nigerian Treasury Bills, NTB, whose maturities range between three months and one year at lower yields compared with its previous auction. CBN last month announced that the it planned to auction N814.78 billion in NTB between September 17 and December 3, 2015.

FHA develops housing blueprint for states

FHA develops housing blueprint for states

The Federal Housing Authority (FHA) has developed a partnership blueprint to meet the housing needs and peculiarities of each state government in Nigeria, according to a newsletter by the organisation. FHA had already commenced aggressive campaign on the new initiative by meeting with state governments geared towards making houses accessible to Nigerians.

Stock market loses N3.255trn in 12 months

Stock market loses N3.255trn in 12 months

Total value of stocks listed on the Nigerian Stock Exchange (NSE) fell by N3.255 trillion in twelve months, from September 30 2014 to October 8, 2015. This sharp decline in value of stocks on the exchange, also known as market capitalisation, worsened last week, with investors losing N160 billion between Monday and Thursday.