Category: Economy

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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“Nigeria Not Ready For Implementation Of Eco Single Currency”
January 17, 2020 No Responses

“Nigeria Not Ready For Implementation Of Eco Single Currency”

Nigeria is not yet ready for the implementation of the ECOWAS Single Currency (Eco) in 2020,Minister of Foreign Affairs, Geoffrey Onyeama has saidOnyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s posi...
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FG, States, LGs Share N716.2b
January 17, 2020 No Responses

FG, States, LGs Share N716.2b

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019.The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse disclosed this while ad...
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Dangote: Maritime Key To Economic Development, Growth
January 17, 2020 No Responses

Dangote: Maritime Key To Economic Development, Growth

The President of Dangote Group of Companies, Alhaji Aliko Dangote, has identified the maritime industry as key in the efforts to restimulate the Nigerian economy.Dangote made the assertion in a statement in Lagos while commenting on the country’s economic po...
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Market Capitalisation Recovers N150b
January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per...
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ICPC To Track Fraudulent Activities In Capital Market
January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...
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Onne Customs Surpasses 2019 Revenue Target by 112%
January 10, 2020 No Responses

Onne Customs Surpasses 2019 Revenue Target by 112%

The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State generated ₦107.3billion from duty paid on imported goods in 2019.A statement issued by the Public Relations Officer, Ifeoma Onuigbo Ojekwu, explained that the figure surpasses the an...
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