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LAGOS — The Adamawa State Government has formally unveiled its Agribusiness support programme at an Investors dinner held in Lagos, Nigeria’s commercial hub. According to a statement by Governor Fintiri’s Press Secretary Mr. Humwashi Wonosikou, the homegrown Agribusiness Programme is the first of its kind in the capital market in Nigeria. Fintiri said his administration is committed to navigating the market conscious of the burden of responsibility not only to the investing community but to...

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LAGOS — The Minister of Transportation, Mr. Chibuike Amaechi, has said that the maritime sector was being opened up for great investment opportunities given the ongoing removal of wrecks. Amaechi made this known on Friday, in Lagos, at the official launch of the removal of wrecks along the Badagry creek from Tincan Island to Navy Town, Lagos. He also commended Dr. Bashir Jamoh, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), for...

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Hello, and welcome to my Real-Estate Investment Blog. As land and estate development expert, it has always been my pleasure to address your real-estate or land or other investment-related issues. I work with Pwan Max property and Business Solutions, a real estate marketing, investment, management, and development company well-known in Nigeria for providing a choice of classic serene, luxury homes within a flexible budget. In this column, I will address this question I received from...

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LAGOS — The bulls returned to the Nigerian stock market on Tuesday with investors’ net worth appreciating by N102 billion on bargain hunting. The bullish performance was due to investors’ buy interest in industrial goods, consumer goods, and oil & gas sector stocks. Specifically, the market capitalization rose by N102 billion to close at N20.266 trillion from N20.164 trillion recorded on Monday. Also, the All-Share Index increased by 195.30 points or 0.50 percent to close...

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France President, Emmanuel Macron, on Tuesday, hosted African leaders and global financial institutions for a summit seeking to provide Africa with critical financing after the coronavirus pandemic that drained the coffers of the continent. Africa has so far been less badly hit by the pandemic than other global regions — with a total of 130,000 dead across the continent, compared with 3.4 million worldwide. But the economic cost is only too apparent, with the International...

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The Nigerian stock market began trading for the week on Monday with 0.44 per cent loss, amid losses recorded by some blue chips. Specifically, the All-Share Index decreased by 175 points or 0.44 per cent to close at 39,306.47 from 39,431.47 achieved on Friday. Similarly, the market capitalisation which opened at N20.579 trillion lost N92 billion to close at N20.487 trillion. The downtrend was driven by price depreciation in medium and large capitalised stocks amongst...

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The Federal Government on Wednesday in Abuja granted N10 million as seed fund to five innovators that emerged winners in the World Creativity and Innovation Day (WCID) challenge. The News Agency of Nigeria reports that the five startup winners emerged among over 800 entries made for the challenge and received N2 million each. The winners were Muhammed Bature for Schoola Limited, Jeremiah Kuro for Blieu-1 Automations Limited, and Nwachinemere Emeka for Kitovu Technology Company with...

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The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government bonds of N150 billion at N1, 000 per unit. Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent, and 9.80 per cent, respectively. It listed the auction date as April 21, while the settlement date is April 23. “Minimum units for sale are N50,...

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The Department of Petroleum Resources (DPR) has disclosed that 32 refinery project licenses issued to private investors in the country have become invalid in the past three years. According to the DPR, the numbers of valid refinery project licenses presently in the country are 23 as of March 2021, from the 44 in April 2018. Analysis of the agency’s new list of valid refinery project licenses and that of April 2018 revealed that 32 licenses...

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The International Monetary Fund (IMF) says Nigeria might experience a 2.5 percent economic growth in 2021. The new growth projection is 1.0 percent higher than IMF’s 2021 forecast in January which was estimated at 1.5 percent. The Washington-based institution disclosed this on Tuesday during the 2021 Virtual Spring Meetings. IMF also predicted a growth of 3.4 percent for the Sub-Saharan Africa region in 2021, up 0.2 percent, from the previous forecast. It also lifted its...

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