THISDAY
Dangote Opens Tomato Factory to Vie With Chinese Imports
The Dangote Group, owned by Africa’s richest man, Aliko Dangote, has opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.[Read More…]
CBN Offers N3m Credit Incentive to Boost Youth Entrepreneurship
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday launched the Youth Innovative Entrepreneurship Development Programme (YIED-P), an initiative designed to unlock the ingenuity and resourcefulness of youths to drive the economy.[Read More…]
Senate to Probe Non-Remittance of N3.3tn by NNPC, Other MDAs
The Senate on Tuesday said it would probe the audit report from the Office of the Auditor-General of the Federation which revealed that the Nigerian National Petroleum Corporation (NNPC) and other government agencies failed to remit N3.3 trillion to the Federation Account in 2014.[Read More…]
PUNCH
Power distribution firms reject supply from generating plants
The rejection of load allocations from power generating plants by some electricity distribution companies is one of the factors preventing the country from fully benefitting from the 6,500 megawatts generation capacity of the existing power plants.[Read More…]
GUARDIAN
Nigeria, Iraq cut OPEC’s output by 175,000bpd
Total crude oil production of the Organisation of Petroleum Exporting Countries (OPEC) fell by 175,000 barrels per day (bpd) to 32.38 million bpd in February, courtesy of output slide from Nigeria, Iraq and some other member countries.[Read More…]
THE NATION
Fed Govt inaugurates $1m investment, technology partnership with UNIDO
In collaboration with the United Nations International Developemnt Organisation (UNIDO), the Federal Government yesterday launched the first N300million Investment and Technology Promotion Office (ITPO) in Nigeria.[Read More…]
DAILY TRUST
Ghana to restrict cement imports from Nigeria, China
Africa’s leading cement manufacturer, Dangote Company and other cement importers are in for tougher times in Ghana, following plans by government to restrict cement imports into the country.To this end, the Minister of Trade and Industry, Dr. Ekwow Spio-Garbrah, has proposed to the parliament, the enactment of an Act “to propose a ceiling on the annual importation of cement into Ghana.”[Read More…]
REUTERS
Global stocks dip, dollar on tenterhooks for Fed; oil bounces
Asian shares were mostly lower on Wednesday while the dollar dithered as markets waited anxiously for the Federal Reserve to provide guidance on the risk of U.S. rate hikes this year.
Asian shares were mostly lower on Wednesday while the dollar dithered as markets waited anxiously for the Federal Reserve to provide guidance on the risk of U.S. rate hikes this year.[Read More…]
BLOOMBERG
London Stock Exchange, Deutsche Boerse Agree on Merger
Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge, a deal that would create a titan of European trading as long as rival suitors don’t upend the agreement and regulators give it their blessing.[Read More…]