Deal

The federal government on Monday unveiled fresh plans to create about 20 million new jobs in four different sectors of the economy. The strategy was disclosed in Abuja at a stakeholders’ meeting on job creation. The minister of Trade, industry and investment, Ikechukwu Enelamah, said that with the huge level of unemployment in the country, […]

Chinese Manufacturers have started moves to enhance trade relations and further create an investment hub in Nigeria. Part of the move was the just concluded three-day China Homelife Exhibition with over 200 manufacturers exhibiting over 200,000 products and geared towards supporting e-commerce and promoting Nigeria’s production capacity through technical partnerships to reduce reliance on importation […]

Nigerians transacted businesses worth N381 billion over the various electronic payment channels last April. The deals, as disclosed in the Nigeria Interbank Settlement System (NIBSS)’s monthly report, were carried out through NIBSS Instant Payment, NIP, PoS, automated teller machines (ATMs), mobile money and electronic bills payment (e-Bills). While there was a steady growth in transactions […]

The Bank of Industry (BoI) yesterday said the non-oil sector was primarily responsible for the annual Gross Domestic Product (GDP) growth rate of 1.93 per cent last year compared to 0.82 per cent achieved the previous year. The bank said the non-oil sector improved by two per cent, while the oil sector growth reduced to […]

. as economy expands in April The naira last week recorded mixed performance in the foreign exchange market even as the volume of dollars traded in the Investors and Exporters (I&E) window fell by 63 percent. Though the naira appreciated 30 kobo in the parallel market, it however depreciated by 35 kobo in the I&E window. […]

The Securities and Exchange Commission has revealed plans to align its 10-year capital market master plan with current economic realities as well as ensure the planned review is concluded in record time. Mary Uduk, the acting director-general, SEC, said this during a meeting with stakeholders in the capital market in Abuja. Uduk stated that the […]

Big European banks are set to report their first-quarter earnings starting next week and some investors fear that poor report cards could lead to further volatility in the stock markets. Several analysts have raised concerns over earnings this quarter due to external risks such as low economic growth, uncertainty over U.S.-China trade deal, Brexit and […]