Drop in T-bills yields to spur growth in banks’ credit to private sector in 2018
Businessam Staff
February 26, 2018
Drop in yields on the Nigerian Treasury Bills (NTBs), a general improvement in the macroeconomic and business environment, and improved consumers’ confidence are expected to be main drivers of banking sector credit to the private sector in 2018, according to analysts at FSDH Research. FSDH Research analysts say they expect the banking sector credit to […]
Crude oil prices near 2-week highs as Saudi Arabia plans to continue output cut
Businessam StaffFebruary 26, 2018
Crude oil prices were hovering near two-week highs on Monday, a possible effect of Saudi Arabia’s statement on plans to continue cutting output levels and as last week’s upbeat U.S. supply data also continued to support. The U.S. West Texas Intermediate crude April contract was steady at $63.52 a barrel by 07:40 GMT, just off Friday’s two-and-a-half […]
NASD to match PE investors with firms seeking capital
Steve OmanufemeFebruary 26, 2018
Nigeria business seeking capital to pursue their growth objectives could benefit from a new initiative being championed by NASD Plc. that is designed to match private equity investors with business organisations in a transparent and easy access to financing framework. The NASD, which promotes a trading network that eases secondary market trading of all securities […]
Facebook might soon be able to work out users’ financial status
Businessam StaffFebruary 25, 2018
Not only is Facebook utterly addictive, but it knows intimate information about you such as your political stance is and exactly where you are in the world at any given time. Considering how long most of the population spend on the platform, this is hardly surprising – but the knowledge Facebook has on you might soon be taken up […]
Nigeria ranked among countries with agribusiness friendly regulations- report
Businessam StaffFebruary 24, 2018
Alliance for Green Revolution in Africa (AGRA) in partnership with the World Bank Group has ranked Nigeria among countries with more agribusiness friendly regulations in its “Enabling The Business of Agriculture 2017” assessment report. It also it rated Nigeria high especially in the area of regulatory frameworks for finance, fertilizers, machinery in agribusiness. Farbod Youssefi, […]
Technology isn’t just changing society, it’s changing what it means to be human
Businessam StaffFebruary 24, 2018
Is there something unusual about the pace and nature of technological change today? Should we be more worried about the world we’re creating? Michael Bess is a historian of science at Vanderbilt University and the author of Our Grandchildren Redesigned: Life in a Bioengineered Society. His book offers a sweeping look at our genetically modified future, […]
Robust farming output in 2017 opens Nigeria’s Lagos state to agric investment opportunities
Businessam StaffFebruary 23, 2018
By Temitayo Ayetoto A robust 2017 farming output, including positive outcomes from some unexpected farm produce, may have just opened up Lagos, the commercial nerve centre of Nigeria, to new agricultural opportunities for local and international investors. The Lagos chapter of All Farmers Association said farming outputs across the state were robust in 2017, with […]
Oil prices climb in Asia Friday early trade amid sudden drop in U.S. crude stockpiles
Businessam StaffFebruary 23, 2018
Oil prices were up Friday morning in Asia, boosted by an unexpected decline in U.S. crude inventories. Crude Oil WTI futures for April delivery were trading at $62.88 a barrel in Asia by 06:38 am GMT, up 0.18%. Brent crude futures for April delivery, traded in London, were up 0.30% at $66.45 per barrel. U.S. crude inventories had been […]
Nigerian equities continue rally for 3rd day as All-Share Index gains 100.46 points Thursday
Businessam StaffFebruary 22, 2018
The equity market on Thursday gained 0.24 percent, sustaining an uptrend for the third day in a row. The All Share Index (ASI) gained 100.46 points, representing a growth of 0.24 percent to close at 42,258.78 points. Market capitalisation gained N36.05 billion, representing a growth of 0.24 to close at N15.17 trillion. Market breadth closed […]
Oil prices rebound on surprise U.S. inventory drop, output flat at 10.3m
Businessam StaffFebruary 22, 2018
Oil prices rebounded Thursday as domestic inventories unexpectedly fell after rising for three consecutive week, while crude production was essentially unchanged. The Energy Information Administration said crude stockpiles fell by 1.6 million barrels and gasoline stockpiles were up by 261,000 barrels, and distillates fell by 2.4 million barrels. Output was steady at 10.27 million. Analysts […]