Low liquidity: fear grips investors over trapped funds

The current economic condition in Nigeria characterised by inflation and low liquidity, could be sending negative signals to foreign investors, as a number of them are skeptical about being able to retrieve their funds whenever they decide to pull out their investments.

The International Moneta [...]

Fri, 15 December 2017

Bidders test financial strength of 9mobile

The five companies in the running for possible take-over of 9mobile are currently conducting due diligence on the company to ascertain its financial health before bidding, the Nigerian Communications Commission, NCC, has said.

Executive Vice Chairman of the commission, Prof. Umar Danbattaa, sai [...]

Fri, 15 December 2017

Nigeria’s export value rose by 13% in Q3 – FG

Nigeria’s total export value rose by 13.19 percent in the third quarter of 2017, to stand at $10million which is equivalent to N3.57billion.

The National Bureau of Statistics, NBS, in its Foreign Trade Statistics for the third quarter 2017, said the figure represented an increase of 35 pe [...]

Fri, 15 December 2017

Consumer abuse complaints rise by 30%

The Consumer Protection Council, CPC, said it recorded tremendous increase in the rate of consumer abuse complaints from Nigerians.

The Director-General of the Council, Mr. Babatunde Irukera, said consumer complaint rose by 30percent in the last eight months mostly due to increased awareness of [...]

Fri, 15 December 2017

Illegal fishing impedes devt of aquaculture in Africa

The federal government has said the challenges of illegal fishing and low investment in fisheries and aquaculture is threatening the huge potential abound in the fisheries subsector in Africa.

According to Nigeria’s ministry of agriculture, the lack of update data related to the status of [...]

Fri, 15 December 2017

Africa Loses US$25 Billion To Malnutrition Annually - Adesina

President of the Africa Development Bank AfDB, Mr. Akinwumi Adesina, has said that Africa loses about US$25 billion annually to malnutrition.

In a statement made available to our correspondent, Adesina made this revelation in Abidjan at the 2017 Global Gathering to review progress in tackling m [...]

Wed, 29 November 2017

PENGASSAN Backs NNPC On Inland Basins Exploration

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has thrown its weight behind the Nigerian National Petroleum Corporation, NNPC, on its exploratory activities in inland basins.
A statement by the Corporation said the National President of PENGASSAN, Comrade F [...]

Wed, 22 November 2017

Nexim boss tasks female entrepreneurs on FG funds

The Executive Director, Nigeria Nexim Bank, Hon. Stella Okotete, has urged female entrepreneurs to take full advantage of policies put in place by the federal government to ease and facilitate their business ventures.

Okoete stated this while speaking at the Abuja women enterprise day as a gues [...]

Mon, 20 November 2017


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