Category: Economy

Onne Customs Collects ₦22.9B Revenue In Q1
April 16, 2020 No Responses

Onne Customs Collects ₦22.9B Revenue In Q1

For the 2020 First Quarter, the Nigeria Customs Service, Area II Command Onne Port, recorded total revenue collection of ₦22,950,780,163.43K, with seizures of seven containers worth total Duty Paid Value (DPV) of ₦215,387,201.18 On export, the Command recorded 1,053,531 metric...
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FBN Holdings Explains Divestment From FBN Insurance
April 15, 2020 No Responses

FBN Holdings Explains Divestment From FBN Insurance

FBN Holdings Plc has notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner Sanlam Emerging Markets to divest 65 per cent equity in FBN Insurance (FBNI) Ltd.The company stated this in a notice sent to the Exchange...
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Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#
April 15, 2020 No Responses

Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as  mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly...
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NSE Unveils Guidance On Virtual Meetings For Stakeholders
April 15, 2020 No Responses

NSE Unveils Guidance On Virtual Meetings For Stakeholders

The Nigerian Stock Exchange (NSE) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders.A statement issued on Wednesday explained that the Guidance is in response to the shift from conventional physical meetings to virtua...
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Nigeria Reduces Price Of Fertilizer
April 15, 2020 No Responses

Nigeria Reduces Price Of Fertilizer

The Federal Government has reduced the price of NPK fertilizer from N5,500 to N5,000 per 50kg bag.Announcing the develoment on Wednesday, Governor  Muhamad Badaru of Jigawa, who is the Chairman, Presidential Fertilizer Initiative (PFI) explained in Dutse ...
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IMF Projects Recession For Sub-Saharan Africa In 2020
April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...
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COVID 19: Buhari Lauds EU’s Donation Of N21b
April 14, 2020 No Responses

COVID 19: Buhari Lauds EU’s Donation Of N21b

President Muhammadu Buhari Tuesday in Abuja commended the European Union for donating the sum of N21 billion (50 million Euros) to support Nigeria’s efforts at controlling the spread of the coronavirus pandemic.Receiving the EU delegation to the country, led...
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COVID-19 Crises Best Time For Nigeria To Go Into Agriculture”
April 9, 2020 No Responses

COVID-19 Crises Best Time For Nigeria To Go Into Agriculture”

Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Sen. Ita Enang has said that the current Coronavirus crises period presents the best opportunity for Nigerians to go into agriculture.Enang gave the advice on Thursday in Abuja when...
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Extreme Poverty Looms As Coronavirus Persist
April 9, 2020 No Responses

Extreme Poverty Looms As Coronavirus Persist

As the world grapple with the ravaging effect of coronavirus pandemic, the economic fallout could increase global poverty by as much a half a billion. A United Nations (UN) study into the financial and human cost of the pandemic has...
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COVID-19: Nigeria Seeks N’Assembly’s Approval For N500b Intervention Fund
April 5, 2020 No Responses

COVID-19: Nigeria Seeks N’Assembly’s Approval For N500b Intervention Fund

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund. Mrs Zainab, with...
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SEC Nigeria To Firms: Publish Impact Of COVID-19 On Businesses
April 1, 2020 No Responses

SEC Nigeria To Firms: Publish Impact Of COVID-19 On Businesses

The Securities and Exchange Commission (SEC) has called on public companies to publish the impact of coronavirus on their business operations.SEC, in acircular dated March 31, and released in Abuja on Wednesday, advised the companies to publish the information...
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NSE Resumes April Trading With 0.94% Loss
April 1, 2020 No Responses

NSE Resumes April Trading With 0.94% Loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent.The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI) dipped199.93 points or 0.94 per cent to close...
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Lagos Extends Annual Returns Filing Deadline
March 31, 2020 No Responses

Lagos Extends Annual Returns Filing Deadline

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for Individual taxpayers, including self-employed persons, to May 31, 2020.The Chairman of LIRS, Mr Ayodele Subair, in a statement on Tuesday said that the.....
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Prudential Zenith Life Insurance Rolls Out COVID–19 Services
March 31, 2020 No Responses

Prudential Zenith Life Insurance Rolls Out COVID–19 Services

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.The new services include a range of additional COVID-19 insurance cover enhancement...
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