The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has advised African countries to overhaul their development models, embrace investment-led strategies instead of continuing to rely on aid for economic growth. Adesina gave the advice while delivering a keynote at the 14th Convocation Ceremony of the National...
investment
By AMOS MATHEW, Kaduna – The Ambassador of Italy to Nigeria, His Excellency, Lacopo Foti, has expressed his country’s readiness to support Kaduna State Government’s investment drive, by encouraging Italian companies to invest in the State. Mr Foti who made the pledge when he paid a courtesy call on...
Vice-President Kashim Shettima has said Nigeria is on a new growth trajectory, welcoming investments across different sectors. Shettima said this on Tuesday at the Presidential Villa, Abuja, during an update meeting with some Ministers and Heads of agencies ahead of the forthcoming Nigeria-Brazil Strategic Dialogue Mechanism. According to Shettima,...
Start investing at your level. Don’t wait until you get big money before you invest. It is by investing small that you will eventually get big money Never buy a new phone or car until you have a cashflow asset (use second-hand until then) Make a budget before you...
) The World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18 states. The states include; Borno, Ekiti, Kebbi, Kaduna, Plateau, Katsina, Kano, Adamawa, Kogi, Nasarawa, Niger, Bauchi, Jigawa, Yobe, Kwara, Gombe, Sokoto and Zamfara. The World Bank Country Director, Mr...
A circle has no beginning or end. Therefore, if you want your wealth never to finish, then you must circulate it. When money comes to you (and money will come to everybody at some point), invest it. When profit comes, spend some of it on your needs and reinvest...
Ghana’s president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector and reorganise the state-run regulator, aiming to stimulate growth and improve efficiency in the world’s second-largest cocoa producer. In an interview with Reuters on Friday, he criticised the cocoa industry structure where the cocoa marketing board (COCOBOD)...
The Senate, on Wednesday, passed the Investment and Security repeal and re-enactment Bill, 2024. The News Agency of Nigeria (NAN) reports that the passage of the bill followed the adoption of report of Committee on Capital Market at plenary. NAN also reports that the report was presented by Chairman...
You can buy and sell US stocks from Nigeria and make a killing on the stock exchange. Investing in shares comes with risks, so take your time to study the market. Be driven by knowledge, not by greed. Greed based investment will bleed you, but knowledge based investment can...
The Nigerian stock market opened with its bearish momentum on Monday to record N123 billion loss. Selloffs in Tier-one banking stocks namely, Guaranty Trust Holding Company(GTCO), Zenith Bank and FBN Holdings, underpinned the market’s weak performance. The market capitalisation, which opened at N59.292 trillion, shed N123 billion or 0.21...
The Ministry of Agriculture and Food Security and Fundação Getulio Vargas (FGV) of Brazil have signed a Memorandum of Understanding (MoU) to boost fertiliser production, hybrid seed technology and agricultural finance. The MoU was signed on behalf of the Federal Government by Mr Temitope Fashedemi, Permanent Secretary at the...
The Federal Government says it needs 10 billion dollars Public-Private-Partnership investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. The Minister of Power, Mr Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh paid...
The Senate Committee on Defence, says no investment in security and the Armed Forces of Nigeria will be too much for the country to bear. The committee’s Chairman, Sen. Ahmad Lawal, said this while speaking to newsmen after an oversight visit to the Armed Forces Command and Staff College...
By IBRAHIM MOMOH, Lokoja – Dr. Hassan Saliu of the Department of Political Science, University of Ilorin has stressed that Nigerians need to get value for their investments in democracy for them to bond with their governments. The university don stated this Sunday while presenting a paper titled: “Towards...
Gains in Tier-one banking stocks, on Thursday, sustained the upward trajectory of the Nigerian stock market, leading to a profit of N149 billion for investors. Gains in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings (FBNH), United Bank For Africa (UBA), Access Corporation, among other advanced equities, pulled...
By DOMINIC AKPENSUEN, Jalingo – A high-level delegation from Grenada paid an official visit to Taraba State Governor, Dr. Agbu Kefas, at Gen. TY Danjuma’s house in Jalingo, Taraba State. The delegation, which arrived at the Taraba State Government House on Friday, October 18, 2024, was received by Governor...
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says FCT is open for business and streamlining processes to make it easier for investors to set up and operate. Wike stated this in Abuja on Wednesday, at the first edition of the Abuja Business and Investment Summit,...
MTN Nigeria and other multinational business owners have appealed to the Federal Government to create a level playing field to enable businesses to sustain their investments in the country. They made the appeal during a panel session at the 30th Nigerian Economic Summit (NES) in Abuja on Tuesday. The...
The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical Company Limited (BFPCL) project. The SPDC JV partners, comprising NNPC Ltd, Shell Petroleum Development Company (SPDC), TotalEnergies Ltd. and Eni would supply 270 million standard cubic feet...
Opening the week’s trading, the Nigerian Exchange Ltd.(NGX)market capitalisation advanced by N79 billion or 0.14 per cent to close at N56.536 trillion, from an opening of N56.457 trillion. The All-share Index also added 0.14 per cent or 139 points, to close at 98,386.60 points, against 98,247.99 posted on Friday....