By Saka Laaro Ilorin, Ilorin The Rector of Kwara State Polytechnic, Engr. (Dr.) Abdul Jimoh Mohammed, has highlighted how the institution transformed its land encroachment issues into a successful farming initiative. This project not only tackled land management challenges but…
In the late 70s and early 80s in Nigeria, especially in the South West and Northern states, Lagos and Kano in particular, over 60 percent of our working population were engaged in the textile industry. At one point in Lagos…
…Launches probe into cause 11plc (formerly Mobil Oil Nigeria Plc.) has shut down one of its filling stations following a fire outbreak causing damage and those who suffered injuries have been evacuated to a nearby hospital. The station which was…
FCMB Asset Management is set to raise about N100 billion (~$63 million) over the next one year as it pioneers Nigeria’s first private credit fund. The fund which is in the process of raising the first tranche of N10 billion…
Naira gains as dollar crashes to 1,595 on black market The naira gained further on Thursday as the dollar crashed to N1, 595 on the parallel market, popularly called black market. This represents 0.94 percent (N15) gain over N1,610 quoted…
By Esther Agbo The Nigerian Autonomous Foreign Exchange Fixing (NAFEX) market witnessed a significant surge in trading activity during the first six months of 2024, with foreign exchange (FX) turnover soaring by 35.79 percent to $52.78 billion. However, despite the…
Nigeria’s equities investors who bought shares of Okomu Oil Palm, MTNN, Oando, Unilever and Vitafoam on Thursday made the market record its highest daily gain since the beginning of August. Increased buy-side activities on the Nigerian Exchange Limited (NGX) pushed…
By Esther Agbo In preparation for the upcoming Capital Market Committee (CMC) meeting, the Securities and Exchange Commission (SEC) is set to unveil its strategic vision for enhancing the Nigerian capital market’s role in the nation’s economic development. The meeting,…
By Seun Ibiyemi The Minister of Tourism, Mrs Lola Ade-John, says Nigeria is a goldmine of untapped tourism and hospitality potential, poised for substantial investment. Ade-John said this on Thursday, during a two-day hospitality business summit organised by Vertiline Synergy…
By Seun Ibiyemi Overland Airways has announced the commencement of direct flight services from Lagos to Abuja. Beginning from August 9, 2024, Overland Airways will offer regular daily direct flights between Nigeria’s economic hub Lagos and the administrative capital Abuja,…
