Economy Archives — Page 106 of 114

April 27, 2017 No Responses

Transcorp declares 20 % growth in revenue

For the first quarter ended March 31, 2017, Transnational Corporation of Nigeria Plc (Transcorp), has announced total revenue of N13.2billion representing a 20% increase when compared to the Group’s performance of N15.8billion in the corresponding period of 2016. According to the...

April 21, 2017 No Responses

Volumes in global derivatives hits 24.9b contracts

The World Federation of Exchanges (WFE) on Thursday published its annual report into the global derivatives market. According to WFE, Thursday’s report coincides with the WFE’s 34th IOMA Clearing & Derivatives Conference, taking place in Frankfurt, ...

April 19, 2017 No Responses

World Economics: Nigeria out of recession

The Nigerian economy is looking up, signalling an end of the recession, the World Economics declared on Tuesday. However, the London based organisation cautioned that “conditions remain difficult for businesses.” According to the body,“April Sales Manage...

April 9, 2017 No Responses

NPA presents N233.7b expenditure for 2017

The Nigerian Ports Authority (NPA) has earmarked N233.7billion expenditure for the year 2017. Presenting the budget estimate to the House of Representative Committee on Ports, Habours & Waterways under the leadership of Hon. Patrick Asadu, Managing Directo...

April 7, 2017 No Responses

WFE releases third annual sustainability survey

The World Federation of Exchanges (WFE) has released its annual global Environment, Social and Governance (ESG) survey. Now in its third year, the survey aims to capture the nature and extent of WFE engagement with ESG issues, and how this...

April 5, 2017 No Responses

Buhari: State Govts critical to economic success

President Muhammadu Buhari has challenged State Governments across the country to draw inspiration and strategic direction from Federal Government Plan to articulate their economic programmes, particularly in the development of the real sector. Speaking on Wed...

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...

March 30, 2017 No Responses

FG puts $500m notes at 7.5 per cent yield

The Federal Government on Thursday announced that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5% under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will...

March 21, 2017 No Responses

Adeosun: FG complied with rules in disbursement of Paris club refunds

The Federal Government has consistently complied with all extant rules and regulations in the disbursement of Paris Club refunds to State Governments, the Minister of Finance, Mrs. Kemi Adeosun, has said. The minister also reaffirmed the commitment of the g...

March 1, 2017 No Responses

SEC canvasses international collaboration on mergers, acquisitions

The Securities and Exchange Commission (SEC) on Tuesday expressed its readiness to collaborate with relevant international agencies to ensure that the growth of Mergers and Acquisitions in the country is sustained. Director General of SEC, Mounir Gwarzo stat...

March 1, 2017 No Responses

How Africa can benefit from $12tri global economic development target, by LADOL, world business leaders

The Lagos Deep Offshore Logistics base (LADOL) has joined notable world business promoters in mapping out strategies to actualize how Africa could effectively reap a whopping $1 trillion from a projected $12 trillion new market value in an emerging global...

March 1, 2017 No Responses

Dangote Cement export 0.4million tons, generates ₦615.1 billion in 2016

For the year 2016, Dangote Cement Plc exported 0.4 million tons of Cement to other countries and generated N615.1Billion revenue. Presenting its 2016 full year audited results on the floor of the Nigerian Stock Exchange (NSE) in Lagos on Tuesday,...

February 28, 2017 No Responses

FG flags off presidential initiative on fertilizer, targets 100,000 jobs

The Presidential Fertilizer Initiative of the Federal Government produced more than 4,000 metric tonnes of locally-blended fertilizer in the first week of operation. The Initiative was approved by President Muhammadu Buhari in December 2016, to achieve t...

February 20, 2017 No Responses

PwC survey predicts distruption of Nigeria’s financial service sector

Nigerian Retail banking and Payments sectors will be the most disrupted by a group of new companies building financial technology (FinTech) solutions, PwC’s Nigeria FinTech Survey 2017 report has predicted. According to PwC, the report is the result of insig...