Nigeria’s export earnings is expected to maintain strong growth in 2011 as a result of an increase in the oil price, higher oil export volumes and the general recovery of the oil and gas sector. Experts reveal that the recovery of the sector which accounts for about 20 per cent of its Gross Domestic Product GDP, has in turn, boosted…
Andreas Seiter, a Senior Health Specialist with the World Bank, Washington, on Friday pledged the bank’s support for the National Agency for Food and Drug Administration and Control (NAFDAC). Mr Seiter made the pledge during a courtesy visit on the management of NAFDAC in Lagos, saying the bank is ready to assist the agency to clean up the country’s drug…
The Federal Airports Authority of Nigeria (FAAN) has said that it will continue with the grounding of domestic carriers indebted to it as the week progresses. Explaining that airline operators in Nigeria are not responding positively in paying up their dues, the airports authority disclosed that it will not hesitate to shut down the operations of persistent defaulters in the…
The National Biotechnology Development Agency said it is working on a new technology that will help Nigeria protect and conserve its environment through re-vegetation and remediation. Solomon Bamidele, Director General of NABDA said on Wednesday in Abuja at a sensitisation workshop on management of non degradable wastes that the project entitled “Establishment of Centers of Excellence on Environmental Protection and…
Nigerian businesses seeking to attract foreign investors must begin to pay attention to how it treats its employees. According to studies conducted by Corporate Initiatives Group (CIG), an affiliate of the Great Place to Work Institute based in the United States, the way companies take care of employees is indicative of how well an organisation is run. “Making your organisation…
As the level of confidence in the Nigerian capital market builds up in the banking subsector this year following government’s intervention in the industry, trading activities in other sectors as well have shown that investors are also seeking safe haven in Breweries and Food/Beverages sectors. Analysis of trading activities in the two sectors, in terms of traded volume, since transaction…
When some four years back, the Independent National Electoral Commission (INEC) threatened to deploy digital data capture machines as part of the review of the voters’ roll, a frisson of excitement ran through certain sections of the country. The possibilities for change was in the air! After all, many recalled, a central aspect of the reforms in Mexico that led…
One of the biggest pitfalls in personal finances is being disorganised. Have you ever thought of organising your finances electronically? If you are comfortable with technology, and are fortunate enough to have access to it, one of the easiest ways to maintain your records, is to use technology and personal finance software. Advances in personal finance software have made it…
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Earlier this month, there were text messages alerting people to leave the Motorway Centre, Ikeja, Lagos. The message said there was a bomb ready to explode any moment in the area and this caused a lot of panic among Lagos residents. In a season of bombs, many took the text seriously and the Police Anti Bomb Squad actually moved to…
Nigeria sold 60 billion naira in 5-year and 3-year sovereign bonds at its first debt auction of the year, the Debt Management Office (DMO) said on Thursday.
Stronger-than-expected Chinese growth data spurred concern on Thursday about tighter monetary policy, prompting a sell-off in equities led by emerging markets. The euro dipped on profit-taking after reaching two-month highs in the previous session but then trimmed losses as speculation grew that the euro zone's rescue mechanism for fiscally troubled peripheral states might be strengthened. Chinese growth soared past forecasts…
Plans for a delayed 300 MW wind farm in Kenya can now proceed after lenders agreed to rely on the government's assurance that it backed the plan, instead of proper guarantees, the chairman of the project said. "Guarantees, we are not being given. What we are getting is a letter of comfort, or support, from the ministry of finance. This…