Category: Economy

Zenith Bank Tops Activity Chart As Investors Stake N1.7b On Shares
October 31, 2019 No Responses

Zenith Bank Tops Activity Chart As Investors Stake N1.7b On Shares

Zenith Bank Plc on Thursday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with a total of 103.69 million shares worth N1.77 billion.At the end of the day, transactions on the floor closed positive with 18 gainers...
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CGC At Onne Port, Explains Seizure Of 87 Containers, N89.7b Revenue Collection
October 30, 2019 No Responses

CGC At Onne Port, Explains Seizure Of 87 Containers, N89.7b Revenue Collection

  By citybusinessnews@yahoo.com The Comptroller-General of Nigeria Customs Service (CGC), Col Hameed Ibrahim Alli (rtd) on Wednesday visited Area 11 Command, Onne Port to get firsthand account of the clampdown on unauthorized import through the axis....
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Emefiele:N100b Needed To Revive Cotton, Textile, Garment Sub-sector
October 30, 2019 No Responses

Emefiele:N100b Needed To Revive Cotton, Textile, Garment Sub-sector

More than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector,the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said. Speaking  after Memorandum of Understanding (MoU) signing ceremony with some critical s...
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Another 12,000 Farmers To Benefit From CBN’s Anchor Borrowers Scheme
October 26, 2019 No Responses

Another 12,000 Farmers To Benefit From CBN’s Anchor Borrowers Scheme

The Rice Farmers Association of Nigeria (RIFAN), Niger chapter, on Saturday said that the Central Bank of Nigeria (CBN) has approved the participation of 12, 000 members in the 2019 Anchor Borrowers Programme (ABP).Alhaji Idris Abini, chairman RIFAN in the...
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Nigeria To IOCs: Foster Peace In Host Communities
October 24, 2019 No Responses

Nigeria To IOCs: Foster Peace In Host Communities

The Federal Government on Thursday admonished International Oil Companies (IOCs) to use culture to foster peace in their host communities.The Minister of Information and Culture, Alhaji Lai Mohammed gave the charge in Port-Harcourt at the maiden Nigerian Agip ...
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Investors Stake N6.18b On Zenith Bank’s 357.23m Shares
October 23, 2019 No Responses

Investors Stake N6.18b On Zenith Bank’s 357.23m Shares

Investors on the floor of Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals.The volume of shares traded represented an increase of 182.29 per cent compared with 245.85 million shares valued at N1.36...
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Adulterated Palm Oil: EFCC Hands Over 26 Suspects To NAFDAC
October 18, 2019 No Responses

Adulterated Palm Oil: EFCC Hands Over 26 Suspects To NAFDAC

The Economic and Financial Crimes Commission (EFCC), Gombe Zonal Office, has arrested 26 suspects for allegedly adulterating palm oil, and handed them over to the National Agency for Food and Drug Administration and Control (NAFDAC).Mr Michael Wetkas, the Head...
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Buhari Orders Probe Of NDDC
October 17, 2019 No Responses

Buhari Orders Probe Of NDDC

President Muhammadu Buhari has ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019.The president gave the directive when he received governors of the states in the Niger Delta area, led by...
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Photo News
October 17, 2019 No Responses

Photo News

Left to Right: Acting Director General Securities and Exchange commission, SEC, Ms. Mary Uduk and Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed at the on-going World Bank/International Monetary Fund Meeting in Washington DC, Thursday.
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CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes
October 16, 2019 No Responses

CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.The bank said this in the Currency Operations 2018 Annual Report, posted...
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Global Borrowing Now At Highest Level Since 1950s
October 16, 2019 No Responses

Global Borrowing Now At Highest Level Since 1950s

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the high...
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Lagos Pledges To Pay Above N30,000 Minimum Wage
October 15, 2019 No Responses

Lagos Pledges To Pay Above N30,000 Minimum Wage

Lagos State will pay its workers above the N30,000 new national Minimum Wage,  State Governor, Babajide Sanwo-Olu  has said.Sanwo-Olu made the promise on Tuesday when the state leadership  of the Trade Union Congress (TUC), the Nigeria Labour Co...
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Access Bank Hits N1b Digital Daily Lending
October 15, 2019 No Responses

Access Bank Hits N1b Digital Daily Lending

Access Bank’s expanded Digital Lending Portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu,...
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DMO Lists ₦15b FGN Green Bond On NSE
October 14, 2019 No Responses

DMO Lists ₦15b FGN Green Bond On NSE

The Nigerian Stock Exchange (NSE) on Monday announced the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list.  Promoted by the Debt Management Office (DMO), the 7-year Green bond issued at coupon rate...
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