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FG to reposition Electricity companies for effective service delivery

The Federal Government says the Electricity Distribution Companies (DisCos) will soon be repositioned for effective service delivery. The Minister of State for Power, Mr Goddy Jedy-Agba, made this known while speaking with journalists after inspecting facilities at the Abuja Electricity Distribution Company (AEDC). According to him, the federal government is considering revamping the DisCos to make them […]

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Nigerian Stock Exchange market capitalisation falls by 0.16%

Trading activities on the floor of the Nigerian stock exchange took a downward trend as the market capitalisation fell by 0.16%. The market capitalisation closed at N13.00 trillion on Thursday as against N13.02trillion on Wednesday The All share index closed at 0.16 percent or 24,933.41 basis points on Thursday being 39.53 point lower than Wednesday’s 24,972.94. […]

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CBN unveils plans for non-interest loans to support MSMEs, others

The Central Bank of Nigeria (CBN), has unveiled plans for the integration of non-interest window in all its intervention programmes, including Micro, Small and Medium Enterprises (MSMEs), the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) affected by the coronavirus pandemic. The CBN Governor, Godwin Emefiele, made this known at a stakeholders’ meeting […]

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Nigeria’s Telecommunication subscriptions hit 190.8m – NCC

The Nigerian Communications Commission, NCC says the country’s telecommunication subscriptions increased to 190.8 million indicating a steady rise across the mobile network operators. The NCC, in its latest data available on its website indicated a comparative positive increase of 0.80 per cent or 1,523,271 as against the 189,282,796 recorded the previous year. In all, there […]

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Mining sector development, crucial to economic growth – Minister

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says development of mining sector is important to Nigeria’s economic recovery and growth. Adegbite made the assertion at the Nigerian-British Chamber of Commerce (NBCC) June webinar tagged: “Mines and Steel Development Industry: Unlocking Nigeria’s Economic Potential.” in Lagos. He emphasised the importance of achieving the projected five […]

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COVID-19: ECOWAS recommends gradual re-opening of borders

The ECOWAS Ministerial Coordination Committee on Transport, Logistics and Trade has recommended a harmonized and gradual re-opening of land, air and sea borders in the West African region. The committee also called for the coordinated and gradual restoration of cross border economic activities, especially for movement of humanitarian personnel, medical supplies, equipment and essential goods […]