NGO trains over 20,000 undergraduates on plastic pollution
By Peter Egwuatu U-Recycle Initiative Africa, a youth-led Non-Governmental Organisation, NGO, has trained over twenty thousand youths across four federal universities in Nigeria through the second edition of its flagship multi-year initiative for universities, called PlasticWize 2.0. The NGO is advancing environmental education, circular economy solutions, and climate action across Africa. Through PlasticWize 2.0, themed, “Redefining […]
VFD Group targets N5bn bond offer with PLC status
VFD Group Plc said it would leverage on its new status as a public company to float a N5 billion bond offer.
Customs blames Chinese holiday, FG policy for lull in port business
The Tin-can Island Command of the Nigeria Customs Service, NCS has blamed the lull in port business to Chinese holiday and the Federal Government fiscal economic policy instead of the general elections as alleged by some stakeholders.
Nigerians abroad remitted N9trn in 2018, highest in 13 years
Remittances by Nigerians living abroad provided a boost to the economy in 2018 as the total value of remittance from migrants amounted to $25 billion, (about N9 trillion), the highest diaspora inflow into the country in the last 13 years.
Any hope for Nigeria’s 2019 budget as oil price hits $64.56 per barrel
FOR the first time in 2019, the oil price yesterday rose from $62.00 to $64.56 per barrel in the international market, indicating $4.56 in excess of Nigeria’s $60.00 budget benchmark.
Yield in fixed income market to sustain fluctuation
If analysts’ projections are anything to go by, activity and yields in the fixed income market would remain in fluctuation through 2019, though uptrend may be short lived.
Investment analysts indicate sluggish growth in oil, gas sector
In its latest report – the Nigerian Upstream Oil and Gas Report – sent to Vanguard, Afrinvest West Africa, a Lagos based investment banking firm, stated: “While we expect fiscal reforms in the industry to proceed at a slow pace, there may be respite when deepwater product sharing contracts (PSCs) expire between 2023 and 2028 as long-lead projects will depend on the fiscal terms negotiated upon renewal. Another major constraint for explorers is the lack of any new licensing round since 2007.
2019: An opportunity to save Nigeria
No Federal government since independence had such a disastrous economic performance over a period of three years, and perhaps four, and no government has so persistently lied about it as this one
Lending to MSMEs under national collateral registry to hit N2trn
The National Collateral Registry (NCR) office has outlined measures to increase lending by financial institutions to Medium, Small, and Micro Enterprises (MSMEs) to over N2 trillion in 2019.
CBN, Dangote target Nigeria’s self sufficiency in tomato production
Nigeria is set to achieve self sufficiency in tomato production in the next one year following the attainment of daily production of one million tomato nurseries.
Nigeria’s oil revenue rises by 129% to N9.4tr in 2018
Nigeria’s oil revenue shop up by 129 percent to N9.4 trillion in 2018 buoyed by increased crude oil price.
