2021 Budget: National blood transfusion services require N1.7bn lifeline — DG

…As Reps Query Health Ministry Over Neglect of Oral Health Agency By Tordue Salem, Abuja National Blood Transfusion Services, Dr Omale Amedu, told the House of Representatives yesterday, that his agency requires the sum of N1.7 billion to stay afloat. Dr Amedu made his request on Tuesday, at a 2021 budget session before the House … Read more

How social unrest impacted investors’ perception in the equities market

Stock Market By Babajide Komolafe All over the country, affected businesses count their losses in the aftermath of EndSars. As expected, investors would factor in the impact of the protest on company and industry-specific basis.  For the equities market, a quick comparison points out that the effects have been neutral with only a negative impact on … Read more

Taiwan approved to buy Harpoon missile system from U.S.

Taiwan’s government appreciated the United States on Tuesday for its plans to sell a coastal defence cruise missile system with 100 Harpoon anti-ship missiles for 2.37 billion dollars. Presidential spokesman Xavier Chang said Taipei expressed sincere gratitude to the U.S. after the official notification of the sale to Congress was issued by the U.S. State … Read more

Nigeria’s rig count rises by 2, as OPEC’s decreases by 14

Stock photo of an offshore oil rig“Without natural capital accountability GDP growth is meaningless’ By Sebastine Obasi Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in July, the rig count … Read more

How Ajaokuta Steel Company’s resuscitation’ll succeed ― MAN

By Gabriel Ewepu Mining professionals, under the aegis of Miners’ Association of Nigeria, MAN, have called on the Federal Government to carry them along in the planned resuscitation of Ajaokuta Steel Company Limited, ASCL. This proposition is coming against the backdrop of the agreement reached between the Federal Government and the Russian government to commence … Read more

Expert seeks interest free loan for businesses

By Peter Egwuatu Following the impact of the Covid-19 pandemic, coupled with the #EndSARS protests that led to the looting and destruction of businesses, an economy expert has called on banks to initiate interest free loan. This is coming as Access Bank Plc announce N50 billion interest-free loans and grants to support communities, the youths, … Read more

Metering: Sefton Fross urges NERC, others to tackle regulatory, fiscal, technical, financial problems

Optimistic on meeting 2021 target By Ediri Ejoh Barely one year to its 2021 target, Sefton Fross, a Lagos-based energy law firm, has urged the Nigerian Electricity Regulatory Commission, NERC, to tackle the various problems currently affecting metering in the nation. In the report – Meter Asset Provider Regulation: Taking stock two years after – … Read more

#EndSARS protests: Economy loses N54bn daily under curfew – Greenwich Bank

EndSars Protesters at the CBN Headquarters, Abuja, last Sunday. PHOTO: Abayomi Adeshida. …Assets replacement cost in Lagos put at N1trn …Results will manifest in GDP—Prof Uwaleke …N1trn lost to firms –  Investment banker …Jobs losses, poverty to escalate —  Analyst By Peter Egwuatu, Olasunkanmi Akoni, Nkiruka Nnorom, Ediri Ejoh At the backdrop of the destructions … Read more

Equities market remains resilient despite #EndSARS protest, civil unrest

Stockmarket Marginally up 0.22% in 12 days Nigeria’s stock market has remained resilient despite the protests across the country against Police brutality and the excesses of the Special Anti-Robbery Squad (SARS) which degenerated to civil unrest. Though market watchers had expected that the unrest would create fear and uncertainty among investors who might be concerned … Read more

ECONOMY LOSSES PUT AT N1.5TRN: It may take 8 years to recover from mayhem — Economists

OLYMPUS DIGITAL CAMERA …Massive job cuts loom as victims count cost …Hard times await uninsured businesses …How unrest will negatively affect Nigeria as investment destination By Tunde Oso Business owners may have begun to count their losses after the mayhem that visited Nigeria last week even as economists warned that losses to the economy, still … Read more

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