Category: Economy

Nigeria Disburses N43.416b To 24 States
April 29, 2020 No Responses

Nigeria Disburses N43.416b To 24 States

The Federal Government has disbursed N43.416 billion as performance-based grants to 24 eligible states on the basis of the results achieved in 2018. Mr. Hassan Dodo, the Director of Press and Public Relations in the Ministry of Finance, Budget and...
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CBN Resumes Dollar Sales For SMEs, School Fees
April 29, 2020 No Responses

CBN Resumes Dollar Sales For SMEs, School Fees

The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises (SMEs). The CBN Director,  Corporate Communications, Mr Isaac Okora...
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Union Bank Declares N42.6b Gross Earnings In Q1
April 29, 2020 No Responses

Union Bank Declares N42.6b Gross Earnings In Q1

Union Bank of Nigeria Plc on Wednesday announced gross earnings of N42.6 billion in its unaudited financial statements for the first quarter ended March 31, 2020. The gross earnings represented an increase of 18 per cent when compared with N36.1...
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UBA Shareholders Okay N34.19b Dividend For 2019
April 29, 2020 No Responses

UBA Shareholders Okay N34.19b Dividend For 2019

The United Bank for Africa (UBA) Plc shareholders, on Wednesday, commended the bank for declaring a dividend of N34.19 billion for the financial year ended Dec. 31, 2019. The shareholders gave their commendation at the bank’s 58th and first virtual...
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Henshaw, Oboli Task FG On Fight Against Piracy
April 29, 2020 No Responses

Henshaw, Oboli Task FG On Fight Against Piracy

Veteran actress, Kate Henshaw and ace filmmaker, Omoni Oboli, want the Federal Government to accelerate the fight against piracy to enable the creative sector contribute more to the country’s economy.The News Agency of Nigeria (NAN), reports that Henshaw and...
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UNCTAD Unveils Ten-Point Road Map For Seaports, Customs, Transporters
April 28, 2020 No Responses

UNCTAD Unveils Ten-Point Road Map For Seaports, Customs, Transporters

As countries adopt radical measures to bring the coronavirus pandemic under control, international trade and transport systems are under tremendous stress. Early evidence shows that international trade is collapsing, threatening access to goods and critical su...
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Buhari’s Covid-19 Speech On Lockdown
April 27, 2020 No Responses

Buhari’s Covid-19 Speech On Lockdown

1. Fellow Nigerians 2. I will start by commending you all for the resilience and patriotism that you have shown in our collective fight against the biggest health challenge of our generation. 3. As at yesterday, 26th April 2020, some 3 million...
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FBN Holdings Shareholders Approve N13.64b Dividend For 2019
April 27, 2020 No Responses

FBN Holdings Shareholders Approve N13.64b Dividend For 2019

Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended December 31, 2019. The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by...
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Seaport Terminal Operators Boost COVID-19 Relief Fund With N700m
April 27, 2020 No Responses

Seaport Terminal Operators Boost COVID-19 Relief Fund With N700m

As part of its contributions to curtail the spread of Coronavirus  Disease (COVID-19), Seaport Concessionaires under the aegis of Seaport Terminal Operators Association of Nigeria (STOAN) have collectively donated the sum of N700million to the Federa...
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Dead Fish: NIMASA Begins Investigation, Cautions Against Consumption
April 27, 2020 No Responses

Dead Fish: NIMASA Begins Investigation, Cautions Against Consumption

The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a scientific inquiry to identify the cause of the recent shoals of dead fish washed ashore along the Niger Delta coastline states of Akwa Ibom, Bayelsa, Cross River, Delta, and...
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Nigeria Probes Alleged Abuse Of Nigerians In China
April 27, 2020 No Responses

Nigeria Probes Alleged Abuse Of Nigerians In China

The Nigerian Government has launched an investigations into the alleged abuse and maltreatment of Nigerians in China since the outbreak of the dreaded Coronavirus (Covid-19) pandemic.There have been a wave of outcry over the alleged attacks and abuse of Nigeri...
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Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1
April 23, 2020 No Responses

Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1

The Board of Directors of Nigerian Breweries has announced a revenue of N83.2 billion for the first quarter ended March 31.The revenue represented a decrease of 0.09 per cent when compared with N83.3 billion achieved in the corresponding period of...
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Board: 2,000 Seafarers Under NSDP Awaiting Sea Time
April 23, 2020 No Responses

Board: 2,000 Seafarers Under NSDP Awaiting Sea Time

The National Seafarers Welfare Board (Nigeria) says two thousand seafarers, under the National Seafarers Development Programme (NSDP), are still waiting for sea time.The board Chairman, Mr Kunle Folarin, made this known on Thursday on an Instagram Live program...
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Palm Oil Production: Group Seeks More Investment In Nigeria
April 23, 2020 No Responses

Palm Oil Production: Group Seeks More Investment In Nigeria

A Non-Governmental Organisation (NGO), Solidaridad West Africa has urged all tiers of government and the private sector to invest more on palm oil production to  increase contribution of the agriculture sector to Nigeria’s GDP growth.A statement issued ...
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