Monday, July 6, 2020

Economic Outlook

Inaccurate data, govt interference, inefficiency threaten power supply – GENCOs

THE Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country.Electricity generation Stations In a report obtained by NewsLodge, the GENCOs explained that the...

Developing Asia’s growth prospects dim amid U.S.-China trade conflict

Escalating trade tensions between China and the U.S. have dampened prospects for developing Asia, with the region’s economy expected to grow slower than predicted this year and in 2020, the Asian Development Bank (ADB) said on Wednesday.Asian...

Bankers Committee unveils N200bn fund for 5 cash crops

The Bankers Committee yesterday announced a N200 billion credit facility to boost production and export of five cash crops. The cash crops are Coaca, Oil Palm, Shea Butter, Sesame Seed and Cashew.The Committee also said it would soon announce...

Mounting concerns over Nigeria’s weak disposable income

Concerns have continued to mount over continuous depletion in the country’s disposable income, which stood at N30 trillion as at second quarter (Q2’18).Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Analysts at FSDH Merchant Bank...
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UK to remove Huawei 5G role in months: report

Boris JohnsonBritish Prime Minister Boris Johnson is expected to begin phasing out the use of technology by Chinese tech giant Huawei on...

UK theaters, museums and galleries fetch £ 1.6bn.

Theaters, museums, galleries and other cultural businesses will receive a £ 1.6 billion bailout to prevent them from falling as a result of the...

The head of Inter reveals that Barça’s objective has not “shown the slightest desire to leave”

Inter Executive President Giuseppe Marotta insists that Lautaro Martínez "has not shown the slightest desire to leave" amid continued speculation that Barcelona is interested...

If you’re in Nollywood for the wrong reasons, you won’t last

Nollywood actress Ebube Nwagbo needs little introduction, as she has been in the industry for a long time, doing what she knows how to...