Category: Economy

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari
June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...
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Nigeria To Unveil Single Window Project, Deploy Scanners At Seaports
June 17, 2020 No Responses

Nigeria To Unveil Single Window Project, Deploy Scanners At Seaports

As part of measures to curtail importation of fake and substandard products into the country in line with established protocols, plans are underway to operationalise the National Single Window project as well as deploy scanners at the nation’s seaports befor...
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BUA Threatens Dangote Group With Contempt Of Court
June 17, 2020 No Responses

BUA Threatens Dangote Group With Contempt Of Court

BUA Group on Wednesday threatened to initiate contempt of court proceedings against Dangote in three days, if it fails to remove the excavators and trenches used in barricading the entrance of Obu Mines. The BUA Group, in a statement in...
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The World Must Continue To Fight Corruption, Says Commonwealth Scribe
June 17, 2020 No Responses

The World Must Continue To Fight Corruption, Says Commonwealth Scribe

Countries’ response to Covid-19, their long-term development and the meeting of the Sustainable Development Goals (SDGs) are all threatened by the “invisible infection” of corruption, the Commonwealth Secretary-General, Patricia Scotland, has warned...
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Labour, NECA Seal MoU To Boost Productivity, Protect Jobs In Nigeria
June 15, 2020 No Responses

Labour, NECA Seal MoU To Boost Productivity, Protect Jobs In Nigeria

Organised Labour and the Nigeria Employers Consultative Association (NECA), have signed a Memorandum of Understanding (MOU), toward boosting productivity, prevent jobs loses, promote health and preserve means of livelihoods of all citizens.The MOU was signed b...
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NSE Market Capitalisation Records N119b Loss
June 15, 2020 No Responses

NSE Market Capitalisation Records N119b Loss

Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips. Speficially, the All-Share Index which opened the week at 25,182.67 lost 228.35 points or 0.91 per...
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National Assembly Raises Revised 2020 Budget To N10.810trillion
June 11, 2020 No Responses

National Assembly Raises Revised 2020 Budget To N10.810trillion

The two  Chambers of the National Assembly on Thursday, raised the N10.509 trillion budget proposed by the executive as revised budget for 2020 fiscal year by N301billion, passing N10.810 trillion as aggregate expenditure for the 2020 revised budget. The ...
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Polaris Agency Banking, SurePadi Records N10b Transactions
June 11, 2020 No Responses

Polaris Agency Banking, SurePadi Records N10b Transactions

Within its first 100 days of introduction, Polaris Bank’s Agency Banking initiative, SurePadi, has serviced over half a million customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide.  &nbsp...
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Customs Reduces Physical Examination Of Cargoes At Seaports
June 11, 2020 No Responses

Customs Reduces Physical Examination Of Cargoes At Seaports

The Nigeria Customs Service (NCS) on Thursday announced the reduction in the number of physical examination of cargoes at the ports. The Deputy Comptroller of Customs, Anthony Anyalogu, explained that it was part of measures to ensure physical distancing and.....
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CBN To Support 70, 000 Maize Farmers In 2020
June 11, 2020 No Responses

CBN To Support 70, 000 Maize Farmers In 2020

The Central Bank of Nigeria (CBN) is to support 70,000 maize farmers under its Anchor Borrowers Programme, during the 2020 wet farming season. Head, Development Finance Office, CBN, Mr Nuhu Muazu, reiterated the development on Thursday  in Abuja duri...
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Senate Probes BPE Over Non-Performance Of Paper Mills
June 9, 2020 No Responses

Senate Probes BPE Over Non-Performance Of Paper Mills

The Senate has mandated its Committee on Privatization to investigate the operations and non-performance of paper mills sold by the Bureau of Public Enterprises to private interests.  This was just as the Upper Chamber rejected a call on the Federal...
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BUA Cement lifts NSE As Market Capitalisation Retains N45b
June 9, 2020 No Responses

BUA Cement lifts NSE As Market Capitalisation Retains N45b

The Nigerian Stock Exchange (NSE) key market indices improved further by 0.34 per cent on Tuesday due to sustained interest in BUA Cement. Speficially, the All-Share Index which opened at 25,249.96, rose by 85.19 points or 0.34 per cent to...
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MTN Nigeria Explains Completion Of N100b Commercial Paper
June 9, 2020 No Responses

MTN Nigeria Explains Completion Of N100b Commercial Paper

MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes. MTNN stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by...
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Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail
June 8, 2020 No Responses

Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail

The Nigerian Shippers’ Council (NSC) is to supervise Standard Operating Procedure (SOP) of cargo evacuation between the Nigerian Railway Corporation (NRC) and the APM Terminal. Speaking on Monday at the resumed evacuation of cargoes by rail in Lagos, Mrs Ife...
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