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Blog Archive
Investing big in Catfish

Investing big in Catfish

The aquacultural farming of Claris species, otherwise called, Catfish, has become a popular business in Nigeria. Given such popularity and preponderance, this farming continues to enjoy increasing demand for its products (i.e. Catfish and fingerlings). The reason for this is obvious. Catfish is a source of rich, cholesterol-free, and special type of easily digested animal […] Read More

Oil production threatened by non-compliance to COVID-19 protocols

Oil production threatened by non-compliance to COVID-19 protocols

Nigeria’s ability to meet its monthly oil production quota and revenue target may become hampered if rising cases of coronavirus in offshore oil fields are not addressed. With the country suffering huge revenue losses from decline in oil prices since March, and inability to sell its crude during the lockdown, there are fears that production […] Read More

AFDB tasks Nigeria, others on digital options in food systems

AFDB tasks Nigeria, others on digital options in food systems

African Development Bank (AFDB), has urged Nigeria and other African countries to explore digital options that can be easily deployed to tackle disruptions to food systems, caused by the COVID-19 pandemic. Speakers during a Webinar hosted by the Food and Agriculture Organization (FAO) iInvestment Centre, and the AFDB stressed that Africa must seize the opportunity […] Read More

We will resume August 24 – Virgin Atlantic

We will resume August 24 – Virgin Atlantic

Virgin Atlantic has announced its intention to resume flights from Lagos to London Heathrow from August 24, 2020 saying the international flight will be operated on its new A350-1000 aircraft and will provide connections to a range of US destinations. The Chief Commercial Officer of Virgin Atlantic, Juha Jarvinen, made this known as the airline […] Read More

Federal Government moves to curtail rejection of agro exports

Federal Government moves to curtail rejection of agro exports

Piqued by the rising poor food safety practices and standards that led to huge economic losses evident in the myriad of rejects of some food exports at the international markets, the Nigerian National Accreditation Systems (NiNAS), said it is driving performance in the food supply chain to reduce the incidence. They also declared a readiness to support […] Read More

Food items push further Nigeria’s inflation by 0.06% in May

Food items push further Nigeria’s inflation by 0.06% in May

Nigeria’s headline inflation for the month of May, rose further by 0.06 per cent to hit 12.40 per cent year-on-year, largely due to increases in food items including fish, vegetables, bread, oil, fruits, and others. Latest report from the National Bureau of Statistics (NBS), showed that the inflation rose from 12.34 per cent in April to […] Read More

Businessmen lessen the effectiveness of naira strength

Businessmen lessen the effectiveness of naira strength

Drastic rise in the exchange rate is because of declined oil price in the global market. We believed the outbreak of the Coronavirus was the bedrock of this problem. The Central Bank of Nigeria (CBN) has indicated that it was alive to the responsibility of rescuing the Nigerian economy from the fallouts of the Coronavirus […] Read More

Sanlam takes full ownership of FBN Insurance and its subsidiary

Sanlam takes full ownership of FBN Insurance and its subsidiary

Strategic Objectives in line with FBN Holdings was considered as the financial conglomerate had in April announced its plan to divest.  FBN Holdings Plc has notified Nigerian Stock Exchange (NSE) that they have completed the divestment FBN Holdings Plc has divested its 65 per cent equity in FBN Insurance Limited to Sanlam (PTY) Limited, which […] Read More

Increased profit raises investors’ confidence

Increased profit raises investors’ confidence

A conversation with The Guardian on how operators can increase their profit at each of their financial year, the Managing Director, Law Union & Rock Insurance Plc, Ademayowa Adeduro, in an interview with I over the weekend said the underwriter posted a 254.43 per cent increase in profit after tax in its 2019 financial year […] Read More

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