BERLIN (DPA, CONVERSEER) – Business sentiment in Germany improved in October, a leading economic institute said on Monday. The ifo Institute’s business climate index rose by 0.7 points to 88.4 points, beating expectations. While the 9,000 companies surveyed reported a downturn in their current economic situation, their assessment of future expectations rose significantly. “Companies remain…
By Frank Ulom CALABAR (CONVERSEER) – Cross River State has been ranked as the fifth most indebted state in terms of foreign loans in Nigeria, only behind Lagos, Ogun, Kaduna, and Edo. The data was made available by the Debt Management Office (DMO), according to The Guardian. According to the DMO data, the state also…
By Our Reporter LAGOS (CONVERSEER) – The Lagos operations of Africa Independent Television (AIT), one of Nigeria’s foremost private broadcast stations, have been shut down following severe operational and financial constraints, Radio Reporter NG has learnt. According to insiders, the management of Daar Communications Plc — owners of AIT, RayPower FM, and Faaji FM —…
By Christian Njoku CALABAR (NAN, CONVERSEER) – The Standard Organisation of Nigeria (SON) has moved to ensure quality compliance for products produced by investors in the Calabar Free Trade Zone (CFTZ). This was the case when a team from SON commenced sensitisation of operators within the CFTZ on its new Special Economic Zone Conformity Assessment…
BERLIN (DPA, CONVERSEER) – Seventeen out of the European Union’s 27 member countries exceeded the bloc’s self-imposed limits for budget deficits and public debt last year, according to data published on Tuesday by the EU’s statistics office Eurostat. Twelve countries had a deficit of at least 3% of their total economic output, breaking the bloc’s…
By Our Reporter Beneficiaries of the N2 billion investment partnership scheme for small and medium-scale enterprises (SMEs) across the 9 Niger Delta States, initiated by the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA), have thumbed up the initiative. Recall that NDCCITMA had, Monday launched the scheme, in what it said was…
