Category: Economy

FEC Boosts NRC‘s Security With N1.28b Equipment, N22b For Apapa-Oworonsoki-Ojota Road
October 14, 2020 No Responses

FEC Boosts NRC‘s Security With N1.28b Equipment, N22b For Apapa-Oworonsoki-Ojota Road

The Federal Executive Council (FEC) has approved N1.28billion for the purchase and installation of security equipment at seven stations of the Nigerian Railway Corporation (NRC) along Abuja-Kaduna-Kano lines. The Minister of Transportation, Mr Rotimi Amaechi, stated this when he briefed...
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CBN Warns Shipping Lines, Shippers On Export Proceeds Numbers
October 14, 2020 No Responses

CBN Warns Shipping Lines, Shippers On Export Proceeds Numbers

Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of...
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Ecobank Rewards Xpress Point Agents
October 14, 2020 No Responses

Ecobank Rewards Xpress Point Agents

Ecobank Nigeria has rewarded its Agency Banking partners, also known as Xpress Point Agents across the six geo-political zones of the country with mouthwatering gifts for their performances from January to September 2020.    This reward is coming ahead o...
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SON Certifies 21 Manufacturers
September 23, 2020 No Responses

SON Certifies 21 Manufacturers

The Standards Organisation of Nigeria (SON) ) has certified 13 manufacturers in the Federal Capital Territory (FCT) for maintaining consistency in the quality of their products.   SON FCT Coordinator, Mr Gambo Dimka, said this at the organisation’s “Manda...
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Nigeria Mulls Tax Holiday For Maritime Sector
September 23, 2020 No Responses

Nigeria Mulls Tax Holiday For Maritime Sector

As part of measures to stimulate investment and boost activities in the maritime industry, amid the downturn induced by COVID-19, the Federal Ministry of Transportation is seeking a package of tax incentives for the sector.    Director-General of the Nigeri...
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Market Capitalisation Sustains Growth By N67b
September 23, 2020 No Responses

Market Capitalisation Sustains Growth By N67b

The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474...
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NAHCO Introduces Disinfection Services For Airlines
September 23, 2020 No Responses

NAHCO Introduces Disinfection Services For Airlines

The Nigerian Aviation Handling Company Plc (NAHCO), has introduced its disinfection service to all its client- airlines, in a bid to continually combat the dreaded COVID-19 pandemic and keep air travellers safe.   In a statement issued on Wednesday by H...
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Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators
September 23, 2020 No Responses

Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity...
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Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking
September 21, 2020 No Responses

Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking

In the quest to aid speedy economic recovery and impactful service delivery to stakeholders caused by macro-economic headwinds and Covid-19, banking sector’s players have been charged to maximize the opportunities by re-strategizing its roles that will addre...
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WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms
September 15, 2020 No Responses

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms

The World Federation of Exchanges (WFE) has issued a Guidance Note, aimed at policy questions arising from any resurgence of market volatility.   In particular, the WFE’s Guidance focuses on how exchanges create fair and orderly markets; and why, when...
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OPay Partners WorldRemit On International Money Transfer
September 15, 2020 No Responses

OPay Partners WorldRemit On International Money Transfer

Opay, A Nigerian financial service technology company, has partnered WorldRemit, a global digital payment platform, on direct transfer of money into its mobile wallets in the country.  In a statement on Tuesday, Opay’s Director of Remittance Service, Mr...
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Continental Reinsurance Acquires Botswana Subsidiary
September 10, 2020 No Responses

Continental Reinsurance Acquires Botswana Subsidiary

Continental Reinsurance Plc on Thursday announced a change in the ownership structure of Continental Reinsurance Ltd Botswana.    After its recent acquisition of a minority 40% stake in the company, through its holding company, CRAFIL, from Botswana Insu...
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Lagos-Ogun Mass Transit Trains Resumes Monday, Increases Fares
September 10, 2020 No Responses

Lagos-Ogun Mass Transit Trains Resumes Monday, Increases Fares

The Nigerian Railway Corporation (NRC) has announced the resumption of Lagos-Ogun Mass Transit Train Services (MTTS) from Monday after five months of suspension to contain the spread of COVID-19 pandemic. A statement issued on Thursday by District Public ...
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Market Capitalisation Recovers N50b
September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting.   Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...
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