Hope rose for improved market liquidity, yesterday, as Geregu Power Plc (GPP) was admitted into the main board of the Nigerian Exchange Limited (NGX) by way of listing by introduction (LBI) of its 2.5 billion ordinary shares of 50 kobo each at N100 per share.
In a fresh attempt to deepen trade relations between Nigeria and China, the Lagos State Chamber of Commerce and Industry (LCCI), and the China Africa Business Council (CABC) has signed a multi billion naira memorandum of understanding (MOU).
Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria.
AFEX, Nigeria’s commodity market has launched a new $100 million 10-year bond called the Food Security Fund (FSF) to enable it produce as much as three million metric tonnes of food annually in Africa.
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will give farmers direct access directly to the buyers at the exchange as it eliminates arbitrage currently being enjoyed by middlemen.
The federal government weekend said it has begun a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which will be ready in six months to cater for the maintenance and repair services of cargo vessels, oil tankers and Liquefied Natural Gas (LNG) carriers.