• Fitch Affirms BoI’s Sovereign Rating, Stable Outlook

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    Fitch Ratings has re-affirmed the national ratings of the Bank of Industry (BoI) describing its outlook as stable, even as it downgraded the support ratings of other banks.  It had last year downgraded Nigeria’s Long-Term Local Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-’, as a result of which it is now equalised with…

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    BOI Disburses N36bn To Agro-allied Sectors In 2016

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    The Bank of Industry (BOI) has disclosed that it has disbursed over N36 billion within nine months in 2016 to agro-allied sector of the economy in the country. Speaking at the Lagos International Trade Fair SMEs forum organized by the bank over the weekend, Regional Head, BOI, Mr. Obaro Osa disclosed that the bank plans…

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  • Manufacturers Urge FG To Sell Redundant Assets

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    The president of the Manufacturers Association of Nigeria (MAN), Frank Jacobs, has advised the Federal Government to sell all idle assets that no longer yield dividends to the government. The president stated this in a telephone conversation with LEADERSHIP in Lagos, pointing out that funds realised from the sale of the idle assets could be…

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    Lagos Ideal Destination For Investors – Speaker

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    The Speaker of the Lagos State House of Assembly, Hon. Mudashiru Ajayi Obasa, has stated that Lagos State remains the best destination for foreign investors, particularly those from Germany, with its improving infrastructure and secured environment. Obasa spoke in his office in Alausa yesterday, when a delegation of German Parliamentarians visited him. The Lagos Assembly…

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    Falana Advises FG Not To Take $29bn Loan

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    Human Right activist and former president of Committee for Defence of Human Rights, CDHR has advised the federal government not to go ahead with the proposed borrowing of 29 billion dollar loan from the World bank. He added that instead of borrowing such huge amount and putting the future of the younger generation in jeopardy,…

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  • ‘Nigeria Can Be Self-sufficient In Rice Production’

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    The managing director of Agro-base Industries Ltd, Mr Kayode Akinpelu, has observed that Nigeria could be self-sufficient in rice production if the federal government maintains a stable policy in rice business. Akinpelu, who gave the advice while speaking with LEADERSHIP in Lagos, said, “The major problem is the uncertainty in the market because of the…

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    Industrial Sector Needs Urgent Consideration – MAN, LCCI

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    President of Manufacturers Association of Nigeria (MAN) Dr. Frank Udemba Jacobs says there is urgent need to pay attention to the country’s industrial sector. In doing this, he said that particular note should be taken of the manufacturing sector consequent upon its very high capacity to transform the economy, create employment for the citizenry, create…

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