Nigeria has failed to develop because we abandoned the cheapest electricity power source. The cheapest electricity source of is coal. Nigeria’s Energy Mix is currently dominated by hydro (Water) and thermal (gas) but the country is yet to stabilise on 5000 Mega Watts, (MW) . It is strange that coal which we have in abundance is yet to find accommodation in our electricity generation.

THE authenticity of the 17 million housing units deficit figure in Nigeria being bandied about is in doubt, not being backed up by any proven data, Prof Mohammed Al-Amin, Managing Director, Federal Housing Authority (FHA) has said.

MANAGING Director/Chief Executive Officer of IEI-Anchor Pension Managers Ltd, Mr. Glory Etaduovie has said that the company recorded a modest growth in revenue of N450 million from N370 million for the year ended 31st December, 2015.

IN line with its mandate to promote price discovery and transparency in the Nigerian financial markets, FMDQ OTC Securities Exchange has revised the methodology of the daily market Spot Foreign Exchange, FX, closing rate to reflect the last executed trade on the designated FX Trading System at 2:00 PM.

INVESTORS woes worsened last week following dismal performance sustained across all sectors on the Nigerian Stock Exchange, NSE, leading to a loss of N218 billion at the close of activity in the week.

ECOBANK Nigeria has embarked on sensitization exercise of mass and conventional markets of its innovative global digital payment system, MasterPass QR, which was launched in Lagos recently. The Ecobank MasterPass QR allows people to pay for services using mobile phones. It also enables micro, small and medium enterprises (MSMEs) to receive digital payments from millions of their customers.

OPERATORS and analysts in the financial market have warned the Federal Government against discouraging foreign investment in the country following the continuous drop in Foreign Portfolio Investment, FPI, which fell to N24.41 billion in the month of September this year.

MICRO entrepreneurs in the country have lamented continuous rise in the cost of inputs such as production materials and chemicals.

The Federal Government, said yesterday, the Export Expansion Grant (EEG) scheme it suspended in 2014, will be resume in 2017 by including it in the budget.

The Lagos Chamber of Commerce & Industry (LCCI) has called on the Federal Government to emplace a new Ministry of Aviation and Tourism.