Category: Economy

Nigerian Navy, NEXIM Bank Seal Inland Waterways MoU
August 13, 2020 No Responses

Nigerian Navy, NEXIM Bank Seal Inland Waterways MoU

The Nigerian Navy on Thursday signed a Memorandum of Understanding (MoU) with the Nigerian Export-Import Bank (NEXIM), to open up the nation’s inland waterways to boost maritime movement of goods and service.    The aimed to enhance economic trade and...
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Diri Urges Agip To Relocate To Bayelsa
August 13, 2020 No Responses

Diri Urges Agip To Relocate To Bayelsa

Bayelsa State Governor, Douye Diri has urged the Nigerian Agip Oil Company (NAOC) to relocate its operational headquarters to Bayelsa where it operated most oilfields and Brass oil export terminal. Diri, made the call at the virtual inauguration of the...
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Market Capitalisation Recovers N135b
August 12, 2020 No Responses

Market Capitalisation Recovers N135b

The Nigerian Stock Exchange (NSE) on Wednesday posted first week gain with the market capitalisation rebounding by N135 billion, amid renewed investor interest.   Speficially, the market capitalisation inched higher by N135 billion or 1.04 per cent to close a...
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Maritime Agencies Unveil 24-Hour Seaports’ Agenda
August 11, 2020 No Responses

Maritime Agencies Unveil 24-Hour Seaports’ Agenda

Heads of maritime agencies in Nigeria have agreed to work on modalities for a quick commencement of 24 hours operation at the ports.    Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, disclosed this ...
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Nigeria Inaugurates Gas Network Code
August 10, 2020 No Responses

Nigeria Inaugurates Gas Network Code

The Federal Government has inaugurated the Nigeria Gas Transportation Network Code to  deepen the growth of gas market in the country. The Minister of State for Petroleum Resources, Chief Timipre Slyva, disclosed this at the Virtual launch of The Go-Live...
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Stakeholders Advocate Right Pricing For Aviation Ground Handling Services
August 10, 2020 No Responses

Stakeholders Advocate Right Pricing For Aviation Ground Handling Services

Nigeria’s leading Aviation Ground Handling companies; Aviation Handling Services (AHS),Nigerian Aviation Handling Company Plc (Nahco Aviance) and the Skyway Aviation Handling Company (SAHCO) Plc have been urged to consider price adjustment, instead of pr...
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Ekiti Partners Ecobank On Women Empowerment, Others
August 7, 2020 No Responses

Ekiti Partners Ecobank On Women Empowerment, Others

    Ekiti State Government has partnered with Ecobank to ensure financial inclusion, women empowerment, micro credit loans and agency banking across communities in the state.   This was disclosed in Ado-Ekiti at the maiden edition Se’tigbo (Have You H...
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NIMASA Reiterates December Deadline For Single-Hull Tanker Ban, Secures Approval For CVFF disbursement
August 7, 2020 No Responses

NIMASA Reiterates December Deadline For Single-Hull Tanker Ban, Secures Approval For CVFF disbursement

  The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated that the country remains steadfast in its decision to stop the use of single-hull tankers by December 31 this year.    Director-General of NIMASA, Dr. Bashir Jamoh, stated this.....
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Ekiti Introduces Tax Relief, Incentives For Businesses
August 7, 2020 No Responses

Ekiti Introduces Tax Relief, Incentives For Businesses

  The Ekiti State Government has introduced tax relief and incentives for taxpayers and businesses as part of its ongoing efforts to cushion the negative effects of the COVID-19 pandemic.   Mr Olumuyiwa Ogunmilade,  the Chairman of Ekiti Internal Revenu...
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Capital market Stakeholders Seek Alternative Funding For Infrastructure Development
August 6, 2020 No Responses

Capital market Stakeholders Seek Alternative Funding For Infrastructure Development

  Worried by budgetary pressure and reduction in the level of public funds,  stakeholders in the capital market are calling for alternative sources of financing to support infrastructure development   They spoke on Thursday at a webinar session targeted...
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Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion
August 6, 2020 No Responses

Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion

  The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark.   Speficially, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday...
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Osun Unveils N100m Post COVID-19 Economic Intervention Programme
August 6, 2020 No Responses

Osun Unveils N100m Post COVID-19 Economic Intervention Programme

  Governor of Osun State, Gboyega Oyetola of Osun on Thursday launched the N100 million Post COVID-19 Economic Intervention Pilot Programme to mitigate the effects of the raging Coronavirus pandemic on the people of the state.   Oyetola said at the...
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Investors stake N3.89b On UACN, FBN Holdings, Others
August 5, 2020 No Responses

Investors stake N3.89b On UACN, FBN Holdings, Others

      The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday improved by 148.13 per cent with an exchange of 383.29 million shares worth N3.89 billion in 3,860 deals. This was in contrast with a...
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NRC Explains 700 bids For 2020 Projects
August 5, 2020 No Responses

NRC Explains 700 bids For 2020 Projects

    The Nigerian Railway Corporation (NRC) on Wednesday unveiled over 700 pre-qualification documents of bidders for the 2020 capital projects of the corporation.   Managing Director, Mr Fidet Okhiria, explained at the event held in Lagos that the corpo...
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