September 26, 2017

Lagos moves to raise fish production

Lagos moves to raise fish production... NAIJA INVEST

Lagos State government plans to increase fish production to eliminate poverty and raise the people’s nutrient intake,Deputy Governor of Lagos State, Mrs Adejoke Orelope–Adefulire said. Speaking during the artisanal fishing inputs delivery service programme for fishermen in Badagry, Mrs Orelope Adefulire, who spoke through the Commissioner for Rural Development, Pastor Cornelius Ojelabi , said the estimated yearly consumption of fish in the state is 260,000 tonnes but farmers can only produce 130,000 tonnes. She said Lagos is working to create an opportunity to produce additional fish and improve the income of fish farmers and fishermen. The Deputy Governor said the…

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Govt targets $15b investments in FTZs within five years

Govt targets $15b investments in FTZs within five years... NAIJA INVEST

THE Federal Government has projected a further investment profile of $15 billion (N2.4 trillion) for all the Free Trade Zones (FTZs) located across the country, in the next five years. Already, the Nigerian Export Processing Zones Authority (NEPZA) has unfolded plans to attract more investments to the FTZs, to meet the target. The Managing Director, NEPZA, Gbenga Kuye, disclosed this during a press briefing with journalists in Abuja, yesterday. He pointed out that so far, NEPZA had attracted investment of about $9.4 billion, apart from the recent $1billion investment by the General Electric in Calabar Free Trade Zone, adding that…

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Investment One eyes one-stop investment services

Investment One eyes one-stop investment services
.. NAIJA INVEST

The regulatory regime of the Central Bank of Nigeria (CBN) that redirected Nigerian deposit money banks to core banking activities created challenges and opportunities. CBN’s Scope of Banking Activities and Ancillary Matters No 3, 2010 requires banks to fully concentrate on core banking functions. It requires banks to either sell non-core banking businesses or form a holding company to hold such non-core banking businesses including activities such as insurance, asset management and capital market operations. Most banks, including Access Bank Plc, Diamond Bank Plc, Fidelity Bank Plc, Guaranty Trust Bank (GTB) Plc, Skye Bank Plc, Sterling Bank, Zenith Bank, Unity…

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Nigeria as Africa’s new investors’ haven

Nigeria as Africa’s new investors’ haven.. NAIJA INVEST

The recent UN World Report indicated that Nigeria recorded great improvement in Foreign Direct Investment (FDI) in 2012. The report put FDI flow into the country in 2012 at 8.9 billion U.S. dollars, compared with the 6.1 billion U.S. dollars recorded in 2010. The Minister of Foreign Affairs, Dr Olugbenga Ashiru, who spoke at the ongoing Ministerial Platform in Abuja, attributed the increase to the strengthening of economic diplomacy by President Goodluck Jonathan’s administration. “The inflow of these investments had effect on the Transformation Agenda of President Goodluck Jonathan in supporting the economic programme of the government,’’ he said. Ashiru…

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What’s your strategy in buying stocks?

Buying shares is a form of investment that one does for the purpose of reaping future profits. By so doing, people who buy shares are called investors. Yes! Thousands of stocks are available for purchase at the stock market. The question is how do you go about finding the right ones to buy? Findings have shown that a lot of investors at the stock market are speculators. A speculator is a trader who approaches the financial markets with the intention of making a profit by buying low and selling high (or higher). The speculator is distinguished from the investor, who…

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