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How NPA eliminated gridlock in Apapa
For the last three months, traffic in and out of Apapa metropolis has been relatively free. This could be attributed to the infrastructure deployed by the Nigerian Ports Authority (NPA), the Trucks Transit Parks (TTP) Ltd, NPA’s partner, and the Lagos State Government.
PIA: Buhari receives NNPC’s certificate of incorporation
President Muhammadu Buhari on Friday in Abuja received the certificate of incorporation of the Nigeria National Petroleum Company Limited from the Corporate Affairs Commission (CAC)
Four drivers of Nigeria’s increased revenue projection for 2022
The Federal government raised its revenue forecast in the 2022 budget proposal by 21 percent to N10.13 trillion from the initial N8.36 trillion. At a public presentation and breakdown of the 2022 budget proposal Friday
Despite claims to quit, Nigeria budgets N300bn for electricity subsidy in 2022
Nigeria plans to spend N300 billion subsidising electricity in 2022, Ben Akabueze, DG of the Budget Office said Friday, putting paid to earlier claims made by the government only in July to quit the practice next year.
Nigeria risks N10.82trn deficit in 2022 on unrealistic revenue target
Nigeria is faced with the risk of recording the biggest budget deficit in its history next year if actual revenues continue at the run rate of the past five years, BusinessDay’s analysis of budget implementation data shows.
Listed companies to hold board meetings in October ahead of Q3 results
From financial services, fast-moving consumer goods, manufacturing to the oil & gas industry, many listed companies in Nigeria have announced their plans to hold a board meeting this October to, among other matters, consider their 2021 third-quarter financia
Investors Gain N340.29bn WoW as NSEASI Inches Up by 1.61% to Close the Week Positive
Equities market closed today on a positive note, as NSEASI appreciated by +0.10% to close at 40,868.36 basis points as against +0.16% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +1.48%.
Market breadth closed positive as UPL led 23 Gainers as against 16 Losers topped by ACADEMY at the end of today’s session – an improved performance when compared with previous outlook.
Market turnover closes negative as volume moved down by -59.24% as against +102.74% uptick recorded in the previous session. FBNH, GUARANTY and FIDELITYBK were the most active to boost market turnover. FBNH and GUARANTY topped market value list.
PRESTIGE leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

Landmark Report Highlights Untapped Potential of Africa’s Film Industry
Africa’s film and audiovisual industries could create over 20 million jobs and contribute $20 billion to the continent’s combined Gross Domestic Product (GDP), the UN cultural agency, UNESCO, said on Tuesday in a new report highlighting this untapped potential.

Sell Refineries, Moribund Assets, Reduce Deficit, Economists, NASS tell Buhari
Experts on Thursday advised the Federal Government to consider selling refineries and other assets being used to siphon public resources in order to realise resources required to sell finance part its budget deficit of N6.3tn.
PIA’ll Boost Nigeria’s Oil Production by 317% to 4m bpd – FG
The Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 percent to four million barrels per day (bpd) from the current level of 1.2 million bpd.

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First Ideas Limited is an investment and financial advisory company established in 1994 to provide advisory services to high net worth individuals, trust funds, financial institutions and medium sized companies in growth sectors.

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