Category: Economy

Lagos Empowers 800 Rice Farmers
August 18, 2020 No Responses

Lagos Empowers 800 Rice Farmers

The Lagos State Government ( LASG) has empowered no fewer than 800 rice farmers in the state with preferred high yielding Farrow 44 seeds, new high quality knapsack sprayers, rain boots and farm coats. The State Acting Commissioner for Agriculture,...
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Market Capitalisation Recovers N2b
August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks.   Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...
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Dollars Scarcity Worsens, Naira Drop To N480
August 18, 2020 No Responses

Dollars Scarcity Worsens, Naira Drop To N480

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar.   The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively.   Trading...
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COVID-19 May Claim 400,000 Shipping Industry Jobs
August 18, 2020 No Responses

COVID-19 May Claim 400,000 Shipping Industry Jobs

The shipping industry could lose up to 40,000 jobs as more than 50% of the people in shipping lines work from home now due to the coronavirus pandemic, Lars Jensen, CEO, SeaIntelligence Consulting believes.   “COVID-19 has proven that our...
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NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties
August 17, 2020 No Responses

NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for closer ties between Nigeria and Indonesia, especially in the area of agribusiness technology.   The National President, NACCIMA,Hajiya Saratu Iya Aliyu,...
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Market Capitalisation Records N35b Loss
August 17, 2020 No Responses

Market Capitalisation Records N35b Loss

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments.   Market capitalwithion, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close...
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Hassan Bello: Rail Remains Game Changer For Nigeria’s Economy
August 16, 2020 No Responses

Hassan Bello: Rail Remains Game Changer For Nigeria’s Economy

Rail transport remains game changer for Nigeria’s economy and future, Executive Secretary of Nigerian Shippers’ Council (NSC ), Hassan Bello, has said      Speaking on the sideline during  the inspection tour of the Lagos-Ibadan rail project ...
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NPA Receives Largest Container Vessel Ever At Onne Ports
August 16, 2020 No Responses

NPA Receives Largest Container Vessel Ever At Onne Ports

The Nigerian Ports Authority (NPA) on Sunday announced the berthing of the biggest container vessel to ever dock at a Nigerian Seaport.   General Manager, Corporate and Strategic Communications, Mr Adams Jatto, in a statement explained that the ...
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SEC Nigeria Holds 1st CMC Meeting In 2020
August 16, 2020 No Responses

SEC Nigeria Holds 1st CMC Meeting In 2020

The Securities and Exchange Commission (SEC) on Sunday announced that the first Capital Market Committee (CMC) meeting in 2020 is scheduled to hold from Thursday August 20 to Friday August 21, 2020.     A CMC Meeting planned for April 2020 could n...
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DPR Pledges To Create Business Opportunities In Oil, Gas Industry
August 16, 2020 No Responses

DPR Pledges To Create Business Opportunities In Oil, Gas Industry

The Department of Petroleum Resources (DPR) has promised to use its regulatory framework to continue to create opportunities and enable businesses in the oil and gas industry.   A statement by Mr Paul Osu, the Head, Public Affairs in DPR,...
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Nigeria Earmarks N2.5b For Development Of Wawa-Zange Grazing Reserve
August 14, 2020 No Responses

Nigeria Earmarks N2.5b For Development Of Wawa-Zange Grazing Reserve

The Federal Ministry of Agriculture and Rural Development has earmarked N2.5 billion for the development of Wawa/Zange grazing reserve in Gombe.   Dr Musa Inuwa, the Director in charge of the Gombe office of the ministry disclosed this in an interview...
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NSE Turnover Rises by 86.97%, Other Indices Down 0.15%
August 14, 2020 No Responses

NSE Turnover Rises by 86.97%, Other Indices Down 0.15%

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday rose by 86.97 per cent, just as the market indices dipped by 0.15 per cent.   Specifically, investors traded 482.52 million shares valued at N4.52 billion in 3,897...
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Sokoto Partners UK On ICT Development
August 14, 2020 No Responses

Sokoto Partners UK On ICT Development

The Sokoto State Government on Friday said it was collaborating with the United Kingdom (UK) agency to improve the Information and Communications Technology (ICT) sector in the state.   Governor Aminu Tambuwal made the announcement in a statement issued in...
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MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent
August 13, 2020 No Responses

MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent

Transactions maintained upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains.   Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with...
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