Nigeria will need 15 years to transform economy – World Bank VP
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide.
Nigeria Ports Authority drives forex earnings with 10 export terminals
By Emeka Anaeto, Babajide Komolafe & Godwin Oritse IN bid to boost the nation’s foreign exchange (forex) earnings, the Nigerian Ports Authority, NPA, has started driving exports, creating ten specialized export processing terminals across the country. Speaking to Vanguard in Lagos the NPA’s Managing Director, Mr. Mohammed Bello-Koko, said that about three of the approved […]
Domestic investors dominate foreign investors in stock market
By Peter Egwuatu The total transactions done by domestic investors on the floor of the Nigerian Exchange Limited (NGX) grew to N1.49 trillion as against N273.16 billion recorded by foreign investors in the first seven months of 2022. According to the Domestic and Foreign Portfolio Investment (FPI) July 2022 report which captured these transactions as […]
We are committed to safety of pension funds – PenCom
By Rosemary Iwunze The National Pension Commission (PenCom) said it is committed to ensuring the safety of pension funds, stating that adequate structures have been established in this regard. Speaking at the 2022 Workshop organized by PenCom for journalists in Lagos, Director-General of PenCom, Mrs. Aisha Dahir-Umar, said it is taking strategic steps to encourage […]
Too early to measure impact of tax rebate on corporate bonds ― SEC
By Obas Esiedesa, Abuja The Director General of the Securities and Exchange Commission, SEC, Mr. Lamido Yuguda, has explained that it was too early to measure the impact of the reinstatement of tax rebate on corporate bond investment. Briefing journalists on the outcome of the 2nd virtual capital market committee meeting, Yuguda explained, “for any […]
NPA generates N172bn in H1’22, remits N78.5bn to Fed account
By Godwin Oritse The Nigerian Ports Authority, NPA, generated a total revenue of N172.3 billion from its operations in the first half of 2022, H1’22. It also remitted N78.5 billion to the Consolidated Revenue Fund, CRF, of the Federation during the period. These were contained in the half-year 2022 operational reports of the Authority where […]
