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Apple warns Trump that more China tariffs will help rivals

Apple has joined a growing chorus of firms urging the Trump administration to drop a plan for more US tariffs on Chinese goods. The US has said it may impose duties on $300bn (£236.1bn) worth of Chinese products if the two sides can’t reach a trade deal. In a letter, Apple “urged” the White House […]

Anchor Borrower Programme as model for next agricultural revolution

When on November 17, 2015,  the Muhammadu Buhari administration launched the anchor borrower scheme targeted at making Nigeria self -sufficient in rice production, the backlash from importers of the gain was indeed quite phenomenal.  The nationwide resentment against the ABP being implemented under the aegis of the Presidential Task Force on Rice, and Wheat Production, […]

Banks ready to fund refineries rehabilitation, says NNPC

Banks have expressed their readiness to fund the rehabilitation of the nation’s ailing refineries, the outgoing Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, said on Thursday. After efforts to secure offshore funding for the rehabilitation of the refineries proved abortive, the NNPC said in February this year that it had […]

Smart ways to advertise small business

Many small business owners may not have huge budgets to advertise their ventures in newspapers, on radio and television. This, however, should not stop small business owners from looking for affordable and smart ways to let their target clients know about their businesses and what they can offer to the public. So as a small […]

Julius Berger grows profit by 142.4% to N6.1bn

Julius Berger Nigeria Plc on Thursday announced that it made a profit of N6.1bn in 2018, up from the N2.5bn recorded in the preceding year. It disclosed the 142.37 per cent rise in profit in its 2018 annual report, which was presented at the 49th Annual General Meeting of the construction giant in Abuja. The […]

Mutual funds investment hits N746.5bn

he value of mutual funds investment hit N746.5bn at the end of May 2019, data from the Securities and Exchange Commission revealed. Mutual funds are professionally-managed investment programmes that pool money from many investors to purchase securities. They are made up of ethical funds, equity-based funds, money market funds, bonds funds, fixed income funds, real […]

Lafarge share price hits three-week high

The share price of Lafarge Africa Plc has risen to a three-week high following the announcement of its plans to sell its South African unit. Lafarge topped the gainers’ table on Thursday as its share price gained 9.95 per cent, rising to N10.50 from N9.55 on Wednesday. The share price maintained its previous price for […]

Forte Oil gets new CEO, CFO after Otedola’s share sale

Forte Oil Plc has appointed new Chief Executive Officer and Chief Financial Officer following the completion of the sale of Mr Femi Otedola’s shares in the firm’s downstream operations. The firm announced on Thursday that Mr Olumide Adeosun and Mr Moshood Olajide had been appointed as CEO and CFO respectively after the resignation of Mr […]

CBN forex intervention hits $42.3bn in one year

Between April 2018 and March this year, the Central Bank of Nigeria injected over $42.3bn into the foreign exchange market to ensure liquidity in that segment of the economy. The $42.3bn was arrived at by our correspondent based on figures released by the CBN. The CBN usually intervenes in the forex market by injecting liquidity […]

2.5bn workers engaged in informal economy –ILO

The International Labour Organisation (IL0) has disclosed that about   2.5 billion workers are now operating in the informal sector of the global economy. This is even as the global body said the future of the Trade Union movement will be determined by their capability to organise the informal sector. However, a new report has […]

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