Commodities open with mixed prices for base, precious metals as sentiments bullish on China’s demand
Onome AmugeOctober 12, 2020
Onome Amuge Base metal prices on the London Metal Exchange (LME) and Shanghai Futures Exchange were mixed on Monday morning, October 12, but investors are optimistic, especially in the aluminium market since China, the world’s largest consumer resumed operations after its Golden Week holiday. China’s markets appear strengthened due to its steady economic recovery and […]
Funding 2021 Budget Pressure on monetary space despite lags in MDAs revenue remittances
Charles AbuedeOctober 12, 2020
By Charles Abuede Nigeria’s 2021 Budget of N13.08 trillion currently before the National Assembly for consideration and passage, has been prepared in the face of difficult global and domestic environments owing to persevering headwinds from the coronavirus pandemic. The ongoing global economic downturn, low oil costs and increased global financial vulnerability have had significant […]
Sylva endorses Indorama’s $3bn plants as decent example of how to use Nigeria’s gas
BEN EGUZOZIEOctober 9, 2020
Ben Eguzozie, in Port Harcourt Group’s petrochemicals, fertilizer plants in Eleme, Rivers State, are heavy gas users Group plans investment increase to $6.4bn by 2025 Indorama group’s $3 billion petrochemicals and fertilizer plants in Eleme, Port Harcourt, Rivers State are good examples of how to utilize Nigeria’s abundant gas resources, says Timipre Sylva, the minister […]
N5bn UNN fundraiser targets infrastructure as Peter Obi, businessman former governor, spearheads drive
Onome AmugeOctober 9, 2020
Onome Amuge A N5 billion fundraiser by Nigeria’s premier indigenous university, University of Nigeria, with two major campuses at Nsukka and Enugu in Enugu State, south eastern Nigeria, is targeting tackling the state of infrastructure at the university. The development fund raising campaign is been spearheaded by Peter Obi, a businessman and the immediate past […]
Oil prices slip on concerns over Norway supply risk, US hurricane Delta
Aderemi OjekunleOctober 9, 2020
Onome Amuge Oil prices fell on Friday, slipping at the end of a week of big gains made on the risk that supplies from Norway could be slashed by up to 25 percent due to a strike by oil workers in the oil-producing European country. Norwegian oil workers are considering a strike action following disagreements […]
CBN warns public against fraudulent loan offers, investment schemes
Charles AbuedeOctober 9, 2020
Charles Abuede The Central Bank of Nigeria (CBN) has warned the Nigeran public against fraudulent loan offers and investment schemes pushed out in form of fraudulent messages and videos circulating in the social media circles appealing to unsuspecting loan seekers and small-scale businesses owners to apply for loans or investment schemes and purportedly facilitated by […]
Nigeria President Buhari presents N13.08trn national budget for 2021
Charles AbuedeOctober 8, 2020
Charles Abuede Nigeria President Buhari presents N13.08trn national budget for 2021 Capital expenditure aggregated at N3.85trn While non-debt recurrent expenditure stands at N5.65 trn Nigeria’s President Muhammadu Buhari, on Thursday, appeared before the joint session of the National Assembly for the presentation of the proposed 2021 national budget of N13.08 trillion. The proposed budget, which […]
Nigeria bourse drops to red zone on sell pressure, price fall in DangCem, BUACem, Nig.Breweries
Charles AbuedeOctober 8, 2020
Charles Abuede The Nigerian equities market fell back to the red zone Thursday as sell pressures on sustained profit-taking by investors dragged the All-Share index lower by 31 basis points to 28,546.22 points. This had largely been driven too by price depreciation in Dangote Cement (-4.8%), Nigerian Breweries (-7.1%) and BUA Cement (-0.8%), following which investors saw the value of […]
YouTube invites Nigerian artists, creators to apply for its $100m Black Voices Fund
Charles AbuedeOctober 8, 2020
Charles Abuede YouTube today reported that content specialists and artists from Nigeria can apply for awards from its Black Voices Fund. The global $100 million reserve will, throughout the following three years, offer help to Black artists and creators with the goal that they can prosper with YouTube. YouTube, in an announcement on Thursday, said […]
Amaechi ‘replies’ Wike on ‘white elephant projects’ saga
BEN EGUZOZIEOctober 8, 2020
Ben Eguzozie, in Port Harcourt Nigeria’s transport minister’s proxy defends himself over ‘dud’ projects accusation Lists 13 projects worth billions of naira he attracted to Niger Delta Says he’s architect of N78.9bn FG refund to Rivers, others Rotimi Amaechi, Nigeria’s minister of transportation and former governor of Rivers State, has chosen to reply the incumbent […]