President Muhammadu Buhari this week presented the 2018 budget to the National Assembly. Below are a list of stocks, that could likely benefit from the government spending. Stocks in the agriculture sector President Buhari, during his budget presentation speech highlighted his administration’s achievements in the agricultural sector so far and the plans to do more. […]
In its bid to improve the living standard of its host communities, Shell Petroleum Development Commission (SPDC) in a statement released recently said it had spent $29.8million on social investment projects and also awarded 94% of their contracts to indigenous firms in line with the local content initiative of the government. This was valued at […]
The National Bureau of Statistics reported on Monday that Nigeria recorded a Real GDP Growth rate of 1.4% for the 3rd quarter of 2017, solidifying Nigeria’s exit from recession. The report also revises Nigeria’s second quarter GDP to 0.72% from 0.55% previously reported. By all account, things seem to be moving in the right direction, […]
In a notice released to the Nigerian Stock Exchange (NSE) today, UACN Plc has announced the opening of its rights issue. 960,432,193 ordinary shares of 50 Kobo each at the offer price of N16 per share on the basis of one (1) new ordinary shares for every two (2) ordinary shares held as at 19 […]
If you have any interest in starting a rental business in Nigeria, then you need to follow these simple steps so as to run it successfully. I will show you the simple steps on how we can run a successful rental business in Nigeria. Whether you want to cater for parties or events needs in […]
Dangote Flour Mills may have signalled its exit from noodles production, as it has disposed of two production lines located in Ikorodu and Calabar to Dufil Prima Ltd ( which makes Indomie noodles). The deal is valued at N3.7 billion and also includes Dufil Prima purchasing stock worth nearly N400 million. Dufil, will also produce […]
Flash back – Era of predatory banking It was the early 1990s and the government of Ibrahim Badamasi Babangida (IBB), former dictator and Military President of Nigeria, had just decided to liberalize the banking sector. As part of the Structural Adjustment Programme (SAP)-induced economic reforms, his administration oversaw the issuance of a flurry of […]
In a notice sent to the Nigerian Stock Exchange (NSE) on the 15th, Beta Glass Plc announced the appointment of Seun Oni as an Independent Director. Seun Oni has a Bachelor of Science degree in Economics which she obtained from the University of Lagos in 1989. She also participated in various management and Leadership programmes […]
In 2016, Punch reported that online freelancing may be the future of work in Nigeria. The reason for this speculation is not far-fetched. Over time there has been increase in freelancing activities and Nigerian freelancers have had the opportunity to access projects across the African border. As freelancers keep sprouting, local players in the freelancing […]
Dangote Industries Limited (DIL) has sold an additional stake in Dangote Cement to investors based in Dubai. 128.7 million shares were sold at a price of N210 per share with an estimated value of N27 billion. DIL is the investment vehicle through which Aliko Dangote maintains a controlling stake in Dangote Cement and other companies […]
In its most recent report for the month of September, the Nigerian Communications Commission (NCC) put the number of internet users in Nigeria at 93 million, a slight increase from the 92.1million reported in August.
There are two important pieces of news on our curated list of global tech news that will interest you; find out why Donald Trump’s Twitter account was briefly deactivated and a $175 million VC backed edtech startup is shutting down two of its revolutionary classrooms.