Category: Economy

SEC Boss : Private Equity Firms Are Agents of Economic Growth
February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...
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Interswitch Lists ₦23b Bond On NSE
January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted  Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....
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Market Capitalisation Declines By N96b In January
January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...
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Prices Of Vehicles May Soar As NADDC Proposes 125% Import Tariff
January 31, 2020 No Responses

Prices Of Vehicles May Soar As NADDC Proposes 125% Import Tariff

Nigeria’s automotive sector regulator, National Automotive Design and Development Council (NADDC) has proposed 100 per cent import tariff for Fully Built Units (FBUs) and 125 per cent for used cars.  The Federal Government had in November 2013, raised d...
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Minister Tasks Stakeholders On Auto Policy Review
January 30, 2020 No Responses

Minister Tasks Stakeholders On Auto Policy Review

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, on Thursday implored automotive stakeholders to make input to the proposed amendment to the Draft Automotive Policy and Nigerian Automotive Industry Development Plan (NAIDP) as part of measure...
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SON Pledges To Enforce Mandatory Certification Of Products In 2020
January 30, 2020 No Responses

SON Pledges To Enforce Mandatory Certification Of Products In 2020

The Standards Organisations of Nigeria (SON) has reiterated its commitment to flush out uncertified products from Kwara Markets in 2020.The state Coordinator of SON, Mrs Esther Okon,  made the declaration on Thursday in Ilorin while speaking with the News...
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Tomato Farmers Seek Pest Control Support
January 29, 2020 No Responses

Tomato Farmers Seek Pest Control Support

Some tomato farmers in Kumo, Gombe have advocated for pest control measures to accelerate cultivation of tomato and perishable produce in the state.A cross section of the farmers made the call in separate interviews with the News Agency of Nigeria...
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Union Bank To Divest From UK Subsidiary
January 28, 2020 No Responses

Union Bank To Divest From UK Subsidiary

Union Bank of Nigeria Plc has entered a share sale and purchase agreement to divest its 100% equity stake in Union Bank UK Plc. (UBUK).The Bank explained on Tuesday that the development is aligned with Union Bank’s strategy to geographically...
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SHACMAN Trucks GM, TSS Officials Visit Dangote Group, Tour Refinery
January 28, 2020 No Responses

SHACMAN Trucks GM, TSS Officials Visit Dangote Group, Tour Refinery

The General Manager of Shaanxi Heavy Duty Automobile Import & Export Co. Ltd, Mr. Tian Chao has commended Dangote group for their trust and support.  The SHACMAN Trucks GM and Transit Support Services Ltd (TSS) officials recently visited the biggest...
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BPE Boss To Management Team: Re-strategize For The Future
January 28, 2020 No Responses

BPE Boss To Management Team: Re-strategize For The Future

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has charged the Management Staff of the Bureau who are undergoing a two-day Retreat at the Ibom Hotel & Golf Resort, Uyo, Akwa Ibom State, to critically...
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NAHCO, Cabo Verde Airlines Seal Partnership
January 27, 2020 No Responses

NAHCO, Cabo Verde Airlines Seal Partnership

By ebosele@hotmail.com The national airline of Cape Verde, Cabo Verde Airlines, has chosen foremost West Africa ground handling operator, NAHCO, to handle its operations in Nigeria.Cabo Verde is a passenger and cargo airline based in Cape Verde. It connects f...
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SEC Nigeria Goes Tough on Illegal Fund Managers
January 26, 2020 No Responses

SEC Nigeria Goes Tough on Illegal Fund Managers

The Securities and Exchange Commission (SEC) has restated it’s determination to go after illegal fund managers and ensure they are made to face the full wrath of the law.Acting Director-General of the SEC, Mary Uduk, who stated this in an...
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Fidelity Bank Harps On Youth Empowerment, Rewards Customers
January 25, 2020 No Responses

Fidelity Bank Harps On Youth Empowerment, Rewards Customers

To curb crime and unemployment in the country, the Managing Director, Fidelity Bank Plc, Mr Nnamdi Okonkwo has emphasized need for youth empowerment.Speaking in Lagos on Saturday during Fidelity Bank appreciation party themed; ‘Give them Wings’, Okonkwo sa...
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DMO Explains Nigeria’s N26trillion Debt
January 18, 2020 No Responses

DMO Explains Nigeria’s N26trillion Debt

The Director-General, Debt Management Office (DMO), Patience Oniha on Friday disclosed that Nigeria’s total public debt rose above N26.22 trillion as at September 2019.  In a chat with Journalists in Abuja, Oniha also denied denied recent reports that t...
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