Some $5.6 billion has been peeled off emerging market equity and bond markets in the last two weeks of April, according to data from the Institute of International Finance, confirming fears that the rise in the 10-year U.S. bond yield to 3 percent and a resurgent dollar would trigger a sharp downturn in portfolio flows […]
Category: Business
Following an extended period marked by a dearth of activity, significantly weakened issuer interest and diminished investor confidence, the Nigerian Commercial Paper (CP) market is cranking back to li
The Federal Institute of Industrial Research Oshodi (FIIRO) has produced brake pads, bumpers and other vehicle parts from Kenaf, a fibrous plant. The brake pads and other vehicle accessories manufactu
Laila Balogun is the CEO of Laila candles, a start-up that produces various forms of scented candles. Laila, a 13-year-old secondary school student of Caleb International College, Lagos, was inspired to start this business out of her love for fragrance. While many of her mates are still in their parents’ cocoons, Laila is already an […]
Former Nigerian Vice President Atiku Abubakar will privatize parts of the Nigerian National Petroleum Corporation (NNPC) and allow the private sector to be the engine of growth if elected as head of s
The Peoples Democratic Party (PDP) had rejected the final results of the Kaduna State local government elections held on Saturday. The opposition party alleged that the results of the elections were
Manchester City on Sunday, May 13, 2018 set a new record as the first side in history of the English Premier League to earn 100 points in a single top-flight season. City’s Gabriel Jesus scored a dramatic stoppage-time winner at Southampton. Pep Guardiola’s record-breaking side looked like missing out on an historic win on […]
The Nigerian Civil Aviation Authority (NCAA) has suspended the Air Operators Certificate (AOC) of First Nation Airways indefinitely over “unauthorised and illegal operations”. NCAA Spokesman, Sam
Ekiti State Governor, Ayo Fayose on Sunday told his predecessor and current Minister of Mines and Steel Development, Kayode Fayemi not to celebrate yet, describing Fayemi’s victory, at the reschedul
The Nigerian National Petroleum Corporation (NNPC) has increased the supply of gas to the power sector between January 2017 to January 2018 by 88.89%. Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs Division, said in a statement that the information was contained in the corporation’s monthly Financial and Operations report for January 2018 which […]