Business news
The National Agency for Food and Drug Administration and Control NAFDAC , is raising an alarm over a proposal and recommendation by the reform panel of the ruling party led by Governor Nasir El-Rufai to move drug matters which are presently on the Exclusive List (item 21 of part I of the second schedule of the 1999 constitution) […]
Nigeria’s trade account turned positive in 2017 as a rise in oil exports outweighed imports after dollar shortages frustrated transactions, the National Bureau of Statistics said. The balance of trade last year was N4.03tn ($13.2bn). The net trade balance stood at minus N290bn for 2016. The rise boosts the Federal Government’s ambition to promote exports […]
The Central Bank of Nigeria’s Monetary Policy Committee’s long-awaited interest rate-cutting cycle risks being short-lived, if it starts at all. The CBN Governor, Godwin Emefiele, had said last month that the MPC might reduce its benchmark interest rate from the record-high of 14 per cent before July if inflation dropped closer to single digits. But […]
The Fidelity Bank Plc has made known plans to expand its digital banking operations by hiring and training 34 youths. According to the Managing Director of the bank, Mr. Nnamdi Okonkwo, the recruitment is one of the ways the bank is responding to the digital transformation happening in the banking industry. Okonkwo, who spoke at […]
The Nigerian stock market started the week in gain after 32 stocks appreciated, leading to a N229bn rise in the Nigerian Stock Exchange market capitalisation. The NSE All-Share Index gained 1.5 per cent on Monday to settle at 43,513.93 from 42,876.23 basis points while year-to-date return also grew to 13.8 per cent. The NSE market […]