Stock market recovers, gains N184bn

stock market The stock market rebounded on Wednesday as the market cap rose N184 billion or 0.71 percent to close N25.959 trillion compared to N25.775 trillion on Tuesday. The All-Share Index (ASI) was also up 337.07 points, or 0.71 percent, to 47,660.04 from 47,322.97 released in the previous session. The main drivers of the rebound … Read more

Quit if you’re not ready for the job, officials tell the humanitarian minister

The House of Representatives on Tuesday told Sadiya Farouk, Nigeria’s Minister for Humanitarian Affairs and Disaster Management, to quit if she wasn’t ready for the job. This followed her incessant failure to appear before various House Committees to defend the Department’s 2023 budget proposal. Muktar Betara, chairman of the House Appropriation Committee, said this during … Read more

Industry Players to Address Freight Bottlenecks, Transportation | The Guardian Nigeria News

In order to improve Nigeria’s cargo and transportation movements, there is a need to set up standard repair plants, outsource the development of standard low-cost transit parks, and increase storage and warehousing capacity. Others include further expansion of pre-gate space and equipment, creation of more waiting bays in and outside of Lagos, a corruption-free licensing … Read more

Industry leaders at CIOTA lament the impact of crime on the transportation sector

File photo of farmers transporting produce. By Godwin Oritse Nigerian transport industry stakeholders have raised concerns about the growing security challenges in the sector while calling for urgent action to save it from collapsing. Speaking on the ongoing 4th edition of the Chartered Institute of Transport Administration of Nigeria’s National Transport Summit, CIOTA, Chairman of … Read more

Is the tech stock bubble finally over?

In 2019, a small number of stock market analysts expressed a belief that the relatively long-lived stock market rally that propelled prices of certain tech stocks would end sometime in 2020. Netflix and Amazon have been specifically singled out as potentially heading for a “purgatory season”. Of course, the ensuing collapse in the COVID-19 market … Read more

Non-oil export earnings up $1.79bn as CBN pays N81b rebate | The Guardian Nigeria News

The Central Bank of Nigeria (CBN) announced yesterday that it has paid out around N81 billion in rebates to hard-working Nigerian exporters as part of measures to ensure the development of the country’s export value chain. The bank also announced that non-oil export earnings repatriated to the country increased by US$1.797 billion in one year, … Read more

Building resilience in healthcare through public-private partnerships

Given the urgent need to address diverse health challenges and make strides towards universal health coverage, Africa’s governments recognize the urgent need to effectively mobilize and work with the private health sector to strengthen health systems. Some of these health challenges include, but are not limited to, emerging and re-emerging communicable diseases, high maternal and … Read more

Private Sector Renewable Energy Adoption, Key to Climate Goals – PPC

By Ediri Ejoh AS Nigeria Begins Taking Energy Transition Actions, PPC Limited, Nigeria’s leading integrated solutions, engineering and infrastructure development company, says the widespread adoption of renewable energy technologies by the private sector will accelerate the diversification of Nigeria’s energy and power supply sources. The head of Power Division at PPC, Engr Kelechi Onuigbo, said … Read more

Federal government presents industry information portal | The Guardian Nigeria News

The Federal Ministry of Industry, Trade and Investment yesterday launched the Nigeria Trade Information Portal (NTIP) in fulfillment of the World Trade Organization (WTO) Trade Facilitation Agreement. [AD] Speaking at the unveiling, Minister of Industry, Trade and Investment Adeniyi Adebayo said the NTIP is a result of cooperation with the United Nations Conference on Trade … Read more

CSR: Heritage Energy, JV partners conduct grant testing for OML 30 beneficiaries

By Udeme Akpan Heritage Energy Operational Services Limited (HEOSL), on behalf of the JV partners, has announced its collaboration with the West African Examinations Council (WAEC) to conduct a proficiency test to select beneficiaries for its 2022/2023 University Scholarship Scheme. HEOSL are the operators of the OML 30 Joint Venture (JV) between NNPC E&P Limited … Read more