GMO-linked Bt cowpea stirs up storm in Nigeria’s agric community
Onome Amuge
May 3, 2022
BY ONOME AMUGE Cowpea, an annual herbaceous legume popularly called ‘beans’ in Nigeria, is a crop renowned for its high drought tolerance and ability to germinate easily even under poor soil conditions, making it highly adaptable to the semi-arid regions of Africa and Asia. The growing consumer demand for plant protein, increase in consumer awareness […]
Quiet trading across T-bills, bonds, OMO seen after week of mixed outing
Charles AbuedeMay 3, 2022
BY CHARLES ABUEDE Last week saw a mixed outing in the fixed income market as investors began acting to guidance on future rate movements, from the week’s auctions across the bonds and T-bills segments. Consequently, the yield on benchmark bonds advanced and was driven by sell-side action at the short-end of the market and, outstandingly, […]
McKinsey, Stripe, Alphabet, Shopify, Meta on $925m carbon removal commitment
Maduabuchi EfegadiMay 3, 2022
BY MADUABUCHI EFEGADI McKinsey Sustainability, part of McKinsey, the global management consulting company, is partnering with Alphabet, Shopify, Meta and Stripe in an eight-year $925 million commitment to accelerate the development of permanent carbon removal technologies by guaranteeing future demand. The joint effort, called Frontier, is an advanced market commitment (AMC), which aims to expand […]
Nigerian women entrepreneurs among 69,000 for AfDB $55m We-Fi round
Maduabuchi EfegadiMay 2, 2022
BY MADUABUCHI EFEGADI Dozens of Nigerian women entrepreneurs are to benefit from a $54.8 million new round of funding by the African Development Bank’s (AfDB) women entrepreneurs finance initiative, otherwise called We-Fi, under the AfDB Africa Digital Financial Inclusion Facility (ADFI). This fourth round of financing of $54.8 million will benefit almost 69,000 women entrepreneurs […]
Portfolio investors funnel N692.2bn in FPI through NGX under 3 months
Charles AbuedeMay 2, 2022
BY CHARLES ABUEDE Domestic investors continue to hold ground on the floor of the Nigerian Exchange despite rising inflation and currency volatility in the foreign exchange market as they were major drivers of the whooping N692.20 billion total portfolio investment (FPI) that entered the market and, therefore, the economy in the first quarter of 2022. […]
Nigeria’s 167,000km fibre deficit hurting 5G, broadband targets
Charles AbuedeMay 2, 2022
BY CHARLES ABUEDE Nigeria’s race to achieve its fifth generation (5G) network broadband targets has been experiencing some setback in recent times and Segun Okuneye, divisional chief executive officer at ipNX Nigeria, has said that Nigeria requires additional 167,000 kilometres of fibre infrastructure to fulfil its target of 5G network and ubiquitous broadband. Okuneye made […]
Global FDI flows at $1.82trn in 2021 rise above pre-Covid levels
Maduabuchi EfegadiMay 2, 2022
BY MADUABUCHI EFEGADI New data and analysis by the Organisation for Economic Cooperation and Development (OECD) show that global foreign direct investment (FDI) flows bounced back in 2021, rising by as high as 37 percent above the pre-pandemic levels, and by 88 percent to $1.815 trillion. However, the outlook is said to remain uncertain given […]
Commodities trading spikes globally, DIY investors feast on Ukraine war
Charles AbuedeMay 2, 2022
Gold, oil, natural gas demands skyrocket in Q1’22 New report shows that retail participation in commodity markets grows by 85% globally Interest in meme stocks fade while cloud-based tech stocks rise by 26% Matterport saw the biggest gain in the number of traders last quarter, at 752%. Do-it-yourself (DIY) investors around the world have […]
Nigerian minister looks to end energy poverty with African Energy Bank
Chisom NwatuApril 29, 2022
BY: CHISOM NWATU Nigeria’s federal government has said it is important for the continent to form an African Energy Bank (AEB) to put an end to the malaise of energy poverty and crisis on the continent. Timipre Sylva, minister of state for petroleum resources, made this revelation recently in Abuja while delivering a keynote address […]
Crypto, dollar to get investors’ safe haven gaze in 2022 – finance expert
Charles AbuedeApril 29, 2022
BY CHARLES ABUEDE With the ongoing unrest in Eastern Europe plus the massive volatility witnessed within the first three months of 2022, David Jones, chief analyst at Capital.com, has predicted that the currency market may see a high momentum in cryptocurrency which will propel crypto traders to stay focused on trading the digital assets […]