Business news
Amaka Obiefuna. A partnership agreement has just been signed between Leadway Assurance Company Ltd, LEadway Pensure PFA, Pinewood Medicare and 13 recognised affiliates of the Nollywood Creative Sector Industry. The agreement will enable the insurance firms provide an insurance scheme tagged: NollyHealth Insured for the movie practitioners. The Memorandum of Understanding (MoU) was at NANs […]
Amaka Obiefuna. Economic confidence across Africa has been improving since the end of last year,according to the latest edition of the Global Economic Conditions Survey (GECS), released today. The quarterly survey of global CFOs and finance professionals, conducted by ACCA (the Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants), found that […]
July 21, 2017 – Lagos, Nigeria: In line with its quest for sustenance of its operations and to ensure its programmes reach more unemployed youths, the Lagos State Employment Trust Fund (LSETF or The Fund), an initiative of the Lagos State Government, has launched a funding partnership program targeted at high net worth individuals, private organizations, […]
The 2017 edition of the All Africa Music Awards, AFRIMA, is becoming an epoch-making awards event after receiving nearly 5,000 entries from African music artistes and music professionals at the close of the two-month entry submission process . The African Union and the International Committee of AFRIMA had opened the 2017 AFRIMA Call for Entries […]
The United States has asked Nigerians to go about finding solutions to the nation’s challenges in a peaceful manner. The Charge D’Affaires at the U.S embassy, Mr David Young, who was speaking on Channels TV’s Sunrise Daily, stated that there is need for Nigerians to discuss their differences to resolve the ongoing agitations. “We the […]
The British Government has expressed its readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian Oil and Gas Industry. The British High Commissioner, Mr. Paul Arkwright, made this disclosure when the Group General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, paid a courtesy visit […]
The Federal Government spent $25.82bn to service its debts between 2012 and 2016, the Debt Management Office has said. If converted to naira using the official rate of N305 to one dollar as of December 31, 2016, DMO said this amounted to N7.88tn. The DMO, which stated this in its 2016 Annual Report and Statement […]
In order to reduce demand for foreign exchange, especially the dollar, the Central Bank of Nigeria has engaged in continuous and aggressive mop up of cash from the economy in the past six months. The development is said to be responsible for the cash crunch that has hit the economy with a heavy toll on […]
The Nigerian Stock Exchange closed its activities on Thursday with the market appreciating generally by 0.54 percent. The market capitalisation which opened at 11,551 trillion Naira, closed at 11,613 trillion Naira, therefore gaining 62 billion Naira or 0.54 percent. The All Share Index on the other hand opened at 33,514.93 basis points and closed […]
The Cross River State Government and Shaan Xi Province of China have kicked off a process to establish a comprehensive database of all solid minerals depot in the area. Receiving a team from the Province, Governor Ben Ayade said creating the database would require that the Chinese undertake the geographical mapping of the entire […]