Category: Economy

FBNQuest Funds Invests N20b In 70 firms
September 9, 2020 No Responses

FBNQuest Funds Invests N20b In 70 firms

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc has invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this on Wednesday at a virtual FBNQuest...
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Presco Shareholders Okay N2billion Dividend For 2019
September 2, 2020 No Responses

Presco Shareholders Okay N2billion Dividend For 2019

 By Moses Ebosele, ebosele@hotmail.com   Shareholders of Presco Plc, on Wednesday, commended the Board and Management of the company for declaring N2billion dividend for the financial year ended December 31, 2019 despite various challenges.   The sharehol...
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PwC Nigeria Holds Capability Enhancement Workshop For Journalists
September 2, 2020 No Responses

PwC Nigeria Holds Capability Enhancement Workshop For Journalists

Foremost professional services firm, PwC Nigeria has again hosted its annual Capability Enhancement Workshop for journalists.    The half-day workshop which held virtually  in line with COVID-19 protocols around large gatherings, had participan...
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Lagos To Establish Coconut Processing Factory In Badagry
September 2, 2020 No Responses

Lagos To Establish Coconut Processing Factory In Badagry

The Lagos State Government is to establish a coconut processing factory in Badagry to further optimize the use of coconut and harness the economic potentials in the value chain.The State Acting Commissioner for Agriculture, Ms Abisola Olusanya, stated this Wed...
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DPR Generates N673.7b Revenue In Six Months
September 2, 2020 No Responses

DPR Generates N673.7b Revenue In Six Months

The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year.   Its Spokesman, Paul Osu, explained in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this...
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Market Capitalisation Sustains Growth With N24b
September 2, 2020 No Responses

Market Capitalisation Sustains Growth With N24b

The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting.   Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared...
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FG Approves $3.1b For Automation Of NCS
September 2, 2020 No Responses

FG Approves $3.1b For Automation Of NCS

The Federal Executive Council (FEC) on Wednesday approved $3.1billion for the automation of the operations of the Nigeria Custom Service (NCS).    Speaking after the virtual meeting presided by President Muhammadu Buhari, Minister of Finance, Budget...
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NSE Resumes September Trading With N46b Growth
September 1, 2020 No Responses

NSE Resumes September Trading With N46b Growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to...
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Joint Border Drill Impounds 134,042 Bags Of Rice, 1,791 Vehicles, Others
September 1, 2020 No Responses

Joint Border Drill Impounds 134,042 Bags Of Rice, 1,791 Vehicles, Others

The Joint Border Drill codenamed ‘Exercise Swift Response’ has made seizures valued at about N11 billion in the last one year.    A statement issued by Public Relations Officer of the Drill, Mr Joseph Attah explained on Tuesday that the...
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Poultry Farmers Lament Challenges
September 1, 2020 No Responses

Poultry Farmers Lament Challenges

Poultry farmers on Tuesday lamented various challenges facing the sector and appealed for Federal Government’s intervention.   The farmers made the calls in separate interviews with the News Agency of Nigeria NAN)  in Lagos.   Mr Denison Tse...
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Gbajabiamila Meets Buhari, Embarks On `Legislative Diplomacy’ To Ghana
September 1, 2020 No Responses

Gbajabiamila Meets Buhari, Embarks On `Legislative Diplomacy’ To Ghana

President Muhammadu Buhari on Tuesday met behind closed door with Speaker, House of Representatives, Femi Gbajabiamila, at the State House, Abuja.   Speaking to State House correspondents at the end of the meeting, Gbajabiamila stated that he was in the...
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Nigerian Active GSM Subscribers Hit 199.3m
September 1, 2020 No Responses

Nigerian Active GSM Subscribers Hit 199.3m

Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta on Tuesday said  active GSM subscribers in the country have increased from 184 million in December 2019 to 199.3 million in May 2020.Danbatta made the disclosure a...
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Okowa Inaugurates Delta Economic Council
August 29, 2020 No Responses

Okowa Inaugurates Delta Economic Council

Delta State Governor, Ifeanyi Okowa  has inaugurated the State’s Economic Council, with a charge to members to institute a strong, credible and enduring platform for diversification of the economy.  The governor, at the ceremony, in Asaba on F...
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Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent
August 28, 2020 No Responses

Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 45.46 per cent. However, the market capitalisation rose by two billion naira or 0.02 per cent to close at N13.203 trillion against N13.201 trillion recorded...
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