November 2019

Nigeria’s official manufacturing Purchasing Managers’ Index (PMI) in November  rose to 59.3 index points  from  58.2 in  the previous month, the  Central Bank of Nigeria (CBN)’s PMI November 2019 report, released yesterday, shows. According to the CBN: “A composite PMI above 50…

Information Communication Technology, ICT is now a major contributor to Nigeria’s Gross Domestic Product with over 13% input. President Muhammadu Buhari announced this on Thursday when he unveiled the National Digital Economy document for Digital Nigeria in…

Primero Transport Services Limited has listed a N16.5bn series 1 fixed rate bond for trading on the FMDQ Securities Exchange. The company said the proceeds of the bond would be used to fund the operating assets of…

At least 100 businessmen from Taiwan have indicated interest to invest in Cross River State. Chief executives of the companies made this known in Calabar at the end of their four-day Taiwan Economic and Business Cooperation Mission…

The Central Bank of Nigeria has selected the Federal University of Agriculture Makurdi to set up a large-scale poultry farm that would enhance poultry production in the country. The Vice Chancellor of the university, Prof. Richard Kimbir,…

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Final Investment Decision on $10bn Nigeria Liquefied Natural Gas Train-7 would be executed in December. He said this in Abuja while…

Gov Abdullahi Sule of Nasarawa State said on Wednesday that the state government would allocate 60, 000 hectares for the setting up of two industries by Dangote Group and the Flour Mills of Nigeria in Doma and…

Enlists 100 farmers in Kano, Jigawa Olam Nigeria Limited has gone into commercial tomato production with a pilot farming presently taking place in Kano and Jigawa states. Olam is a food and agri-business company, majorly interested in…

NigerStar 7, an oil and gas services operator, has announced the addition of two offshore construction vessels to its Nigerian fleet. The company said it had acquired and reflagged the Seven Antares and Seven Inagha offshore construction…

In a bid to play a catalytic role in the nation’s mortgage industry, Camey and Rock Business Consulting Limited has injected N4.3 billion to acquire the majority stake in Resort Savings and Loans Plc. The deal which…