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Sat, May

The World Economic Forum’s Global Competitiveness Index has ranked Nigeria as one of the most difficult place to do business, despite efforts by the federal government to make it easier for companies and individuals to do business in the country. The organisation ranked Nigeria 125th out of the 136th countries survey despite effort by the government to create enabling environment for businesses to thrive.

The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable small entrepreneurs to register their businesses.

The Nigerian Stock Exchange has sustained its growth for the second day this week. The exchange which began in the week on the negative rose by 0.93 per cent on Thursday. Market capitalisation opened at 12,101trillion Naira closed at the end of Thursday’s trading at 12,213 trillion Naira, gaining ‘0.93 per cent’.

Oil futures jumped to their highest level in over two years on Tuesday (26 September), driven by geopolitical tensions, anticipation of higher demand and Opec's claim that its aim to rebalance global crude inventories is being achieved.

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