Business

Liberian farmers, especially those rearing animals or running poultry, say one of their major challenges is the lack of anyone or a factory that produces animal feed. Monrovia, July 23, 2024: Animal feed producer Mr David Moore has disclosed a fast-track of his farming activities in Bong County through the Ministry of Agriculture’s Rural Economic Transformation Project (RETRAP) and the World Bank grant. …

In a bid to curb rising inflation, the Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate (MPR), to a record high of 26.75%. This is an increase of 150 basis points from the previous rate of 24.75%, which marked the third consecutive increase this year. CBN Governor Olayemi Cardoso announced this after the …

The Federal Government has reiterated its tough stance against financial institutions that fail to comply with windfall taxes on foreign exchange profits earned in 2023. This came as the Minister of Finance, Wale Edun, and the Chairman of the Federal Inland Revenue Service (FIRS), Zack Adediji, met with the National Assembly finance committee to discuss amendments to the 2024 Finance …

Minister of State for Petroleum Resources [Oil] Heineken Lokpobiri has intervened in the ongoing dispute between Dangote Group Chairman and CEO, Aliko Dangote and regulatory authorities in the oil and gas sector over issues surrounding the Dangote Refinery and Petrochemical Plant. Dangote and Nigeria’s oil industry regulatory authorities such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and …

The House of Representatives joint committee on petroleum resources (downstream and midstream) has issued arrest warrants against Alhaji Aliko Dangote, Chairman of Dangote Refinery and Petrochemicals, Nigerian Downstream and Midstream Petroleum Regulatory Agency (NMDPRA), International Oil Companies (IOCs) and other stakeholders. The gag order prevents the parties concerned from commenting further on the allegations and counter-allegations circulating about the quality …

The equity market started the week on a positive note on Monday, July 22, 2024 as investors earned N16 billion at the end of the trading session. This follows the increase in the prices of stocks such as TANTALIZER, LIVESTOCK and NEIMETH among others on the trading floor. After five hours of trading on the capital market, equity capitalization increased …

Labour Party presidential candidate in the 2023 election, Peter Obi, on Monday called for urgent action to prevent further collapse in the country. He was reacting to the latest rise in Nigeria’s headline inflation rate to 34.19 percent. In a series of tweets on his official platform X, the former Anambra State governor expressed his deep concern over the country’s …

Ahead of Tuesday’s Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting, the Centre for the Promotion of Private Enterprise (CPPE) has asked the central bank to suspend plans to increase bank rates. The think tank’s Chief Executive, Dr. Muda Yusuf, made the call in an interview with journalists on Sunday in Lagos. He urged the MPC to keep …

Investors enjoyed positive moves last week following strong performances from stocks such as Airtel Africa Access Corp UCAP, and NAHCO among others. Nigerian equity markets rallied in four out of five trading sessions as the benchmark All Share Index (ASI) rose +0.87% to close at 100,539.40 points from 99,671.28 points in the previous week. Investors gained N320.84 billion as market …

By Othello B. Garblah The Firestone Natural Rubber Company is arguably the single largest employer in Liberia, with 4000 employees referred to as teammates and 2000 contractors, contributing over 100 million every year to the Liberian economy through taxes, payroll, payment to smallholder farmers, and social security to the Government. Harbel, Firestone, July 22, 2024—Established in 1926 as a subsidiary …