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Global Investment Flows Hit $852Bn In Half Year 2021

Despite the lingering disruptions caused by the COVID-19 pandemic to global economies, total foreign direct investment (DFI) globally amounted to about $852 billion in the first half of 2021, reflecting a stronger than expected rebound in most economies. The United Nations Conference on Trade and Development (UNCTAD) in its latest Investment Trends Monitor published Tuesday […]

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During the LCCI Press Conference To Announce The 2021 Edition Of The Lagos International Trade Fair

L-R: Vice President, Lagos Chamber of Commerce and Industry (LCCI), Engr. Leye Kupoluyi, Chairperson, Marketing Committee, LCCI Trade Promotion Board, Mrs. Bunmi Obadina; Chairman, LCCI Trade Promotion Board, Mr Gabriel Idahosa; Head Corporate Communications, LCCI, Dr. Segun Alabi; and Director, Trade Promotion, LCCI, Mr. Taiwo Seriki, at the Press Conference held in Lagos on Wednesday […]

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Privatisation Proceeds To Partly Fund Nigeria’s 2022 Budget Deficit

President Muhammadu Buhari has again reiterated that some of the privatisation proceeds would be part of borrowings, totaling N5.01 trillion, to fund the deficit in the 2022 budget. The President, who reiterated the fiscal option  while presenting the 2022 Appropriation Bill tagged ‘Budget of Economic Growth and Sustainability’ to the joint session of the National Assembly in […]

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BPE Assures Public Enterprises’ Investors Of Healthy Competition

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised the Bureau’s commitment to ensuring healthy competition among investors in public enterprises in the country and consumers’ rights protection at all times. Okoh, made this known when the Management team of the Federal Competition and Consumer Protection Commission (FCCPC), led by […]

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RBDAs Are Catalyst For Food Security, Job Creation – Minister

The Minister of Water Resources, Engr. Suleiman Adamu, has said that ongoing partial commercialisation of the nation’s 12 River Basin Development Authorities (RBDAs) is aimed at attracting private sector investments for their revitalization and ensuring efficient service delivery by them. Adamu described the RBDAs asstrategic to the actualization of national food security, jobs and wealth […]

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BPE Gets Committee’s Report, Vows To Resuscitate Moribund Entities

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has reiterated the Bureau’s commitment to collaborate with relevant agencies to resuscitate moribund privatized enterprises. The Director General made the promise when he received the reports of the Federal Government’s four inter agency committees on the resuscitation of ailing/non- performing privatized public […]

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Court Orders AMCON To Sustain Control Of NICON, Nigeria-Re

A Federal High Court Abuja Division has ordered that the Asset Management Corporation of Nigeria, (AMCON) to continue with the management of NICON Insurance and Nigeria Reinsurance, (Nigeria Re), two companies it took over following the alleged indebtedness of the private investor, Barr. Jimoh Ibrahim. The Federal High Court Abuja Division presided over by Hon. […]

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NNPC GMD Tasks Greenfield Refinery’s Board On Fuel Importation

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the corporation’s subsidiary, Greenfield Refinery Limited (NGRL), to explore all options to end the current challenge of petroleum products importation into the country. The GMD gave the charge on Thursday while inaugurating the Board […]

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China Port’s Closure Threatens $172Bn Worth Of Global Trade – Analysts

Analysts at Russell Group’s ALPS Marine platform have projected that the partial closure of China’s port of Ningbo may threaten $172 billion worth of global trade and the export of $39.2 billion worth of Integrated Circuit Boards (ICBs). According to the Freightos Baltic global container freight index, already the cost of shipping from China and […]

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New NICON Insurance Board Seeks Workers’ Support To Reposition Coy

The new Board of the National Insurance Corporation of Nigeria (NICON Insurance) formally took over the reins of power with its maiden Board Meeting at the Corporation’s head office in Abuja held on Monday and solicited employees’ cooperation to grow the risk underwriting company. Addressing some NICON’s management staff, led by the Deputy General Manager […]