CBN revives N550b non-oil export facility

• Ambode charges CBN, banks on profit motives The Central Bank of Nigeria (CBN) stepped up its development intervention in the economy as it disclosed yesterday that N500 billion Export Stimulation Facility and N50 billion Direct Intervention Fund being under consideration for two years has fully taken off. The move, which is a fallout of […]

Nigeria loses 2,648.7mw to gas, line constraint

The Nigeria’s power sector lost 2,648.7 megawatts (mw) on the October 29 to line and gas constraints, according to the daily electricity generation report by the Federal Ministry of Power Works and Housing. The daily report, obtained by The Guardian on Monday, put the utilized generation capability of Geregu Nigerian National Integrated Power Project (NIPP) […]

Aviation workers move to stop concession of airports

Murtala Muhammed International Airport   • Give FG ultimatum, threaten industrial action Workers in the aviation sector yesterday gave the Federal Government a 15-day ultimatum to suspend plans to concession airports nationwide.The workers, under the aegis of Air Transport Service Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE) and the […]

‘Outsourcing helps companies save cost’

Afam Udeagwu Afam Udeagwu is the Managing Director, XL Outsourcing Limited, which provides various services to corporate organisations including human resource (HR) management, salaries and pension, and a host of others, It also exports its services to the United States, Ghana, Sierra Leone, and Liberia. In this interview with Clara Nwachukwu, he insists that outsourcing […]

Nestle leads gainers on Exchange, index up by 0.1%

Nigerian Stock Exchange Operators, media urged to leverage technology for improved performance The Nigerian Stock Exchange (NSE) All-share index appreciated marginally by 0.1 per cent at the end of yesterday’s transactions, from 35,306.09 recorded on Tuesday to 35,358.57. However, its market capitalisation remained at steady at N12.171trillion. The Managing Director, Highcap Securities, David Adonri, attributed […]