The Nigerian naira weakened against the U.S dollar at the interbank on Wednesday, after the central bank failed to meet demand for the greenback at its bi-weekly auction, dealers said. The naira closed at 158.30 to the dollar on the interbank market, down from Friday’s close of 157.50. A separate intervention by the bank after [...]
A catfish farm is a major investment. And so, starting one needs careful consideration. Our guide will run you through questions you need to consider before construction of your catfish pond begins. It will also give you a basic idea on what to expect when operating and managing your catfish business. Putting up a facility [...]
Some Corporate organisations doing business in Nigeria are owing the Federal Government about N170 billion as outstanding taxes. However,out of this sum, there has been an agreement on the repayment of about N22 billion while the others are still pending. Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, disclosed this at the [...]
President Goodluck Jonathan Thursday said the country was a “global investment destination” with the growth rate of the economy in spite of the global meltdown, promising that power sector privatisation would be completed next year. He said his administration was doing everything legislatively to make the country very fertile for return on investments, pointing [...]
The Nigeria, Chinese bilateral trade relations has hit about $13.3 billion dollars since February, 2011. It is predicted that business between the two countries would continue to grow by over 15 per cent in the coming years. This was disclosed on Wednesday by the National Coordinator and Chief Executive Officer, the Nigeria, China Business [...]
The Central Bank of Nigeria (CBN) has affirmed its determination and preparation to henceforth invest hugely in making positive contributions towards the promotion of football in the country, which is part of the institution’s corporate social responsibility. Sanusi Lamido Sanusi, the Central Bank governor made this known in Abeokuta, Ogun State capital at the finals [...]
Two human rights groups said Thursday that Royal Dutch Shell PLC (RDSA.LN, RDSB.LN, RDSA, RDSB) should pay at least $1 billion toward the cleanup of oil spills in an area of the Niger Delta, calling on the Anglo-Dutch energy company to expedite the creation of a restoration fund. The fund had been suggested by a [...]
Some Australian professionals are being expected in Akwa Ibom State to explore investment potentials, Governor Godswill Akpabio has said. Speaking after returning from Perth, Austrialia,he said the professionals are coming on a trade delegation to discuss with the government. Akpabio said: ’’I went with President Goodluck Jonathan to Australia to attend the Commonwealth Heads of [...]
Governor Godswill Akpabio has assured the people of Akwa Ibom State that he will not leave any stone unturned in ensuring the total transformation of the state. The governor’s position was revealed during the on-going inauguration of over 700 projects executed by his administration through the Interministerial Direct Labour Coordinating Committee. The commissioning, which has [...]
Investing in real estate is a popular investment vehicle, particularly for the middle-upper class. While excitement about real estate investing has been tempered due to the mortgage crisis, property prices are falling to the point where investors are once again thinking about buying real estate. However, investing in real estate is not like investing in [...]
