Category: Economy

FG Reconstitutes CAC Board
January 10, 2020 No Responses

FG Reconstitutes CAC Board

The Federal Government on Thursday reconstituted the new board of Corporate Affairs Commission (CAC) and appointed Mr Ademola Seriki as the board Chairman with effect from Jan. 7.A statement issued in Abuja by Mr Ibrahim Haruna, Deputy Director, Press of...
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Opinion: Extreme Events Are Reversing Development Goals
January 10, 2020 No Responses

Opinion: Extreme Events Are Reversing Development Goals

By Patricia Scotland, Commonwealth Secretary-General Cyclones in the Caribbean and Pacific, devastating bushfires in Australia, recurrent floods and droughts in Asia and Africa, increasingly bring tragic loss of life to our nations and communities, inflicting ...
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Presco Exceeds 2019 Target, Lauds Border Closure
December 22, 2019 No Responses

Presco Exceeds 2019 Target, Lauds Border Closure

– A key player in the agricultural sector of Nigerian Stock Exchange (NSE), Presco Plc has ended 2019 business year on a happy note.Addressing workers at a ceremony to end the year on Saturday, Managing Director, Felix Nwabuko also commended...
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CBN, Group Inaugurate 10,000 Hectares Of Oil-Palm Plantation In Kogi –
December 22, 2019 No Responses

CBN, Group Inaugurate 10,000 Hectares Of Oil-Palm Plantation In Kogi –

An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in Kogi.Mr Joseph Idoko, President...
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At APPEALS Project Support Mission In Lagos, Food Security Tops Agenda
December 18, 2019 No Responses

At APPEALS Project Support Mission In Lagos, Food Security Tops Agenda

The World Bank-Federal Government of Nigeria joint 4th Implementation Support Mission of Agro Processing, Productivity Enhancement and Livelihood Support (APPEALS) Project opened on Wednesday in Lagos with Kogi and Lagos States co-hosting.The Mission in Lagos ...
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IOSCO Tackles Conflict Of Interests In Debt Capital Raising
December 17, 2019 No Responses

IOSCO Tackles Conflict Of Interests In Debt Capital Raising

The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on proposed guidance to help IOSCO members address potential conflicts of interest and associated conduct risks arising from the role of market intermediaries ...
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Shareholders Seek More Mergers, Acquisitions In Cement Industry
December 15, 2019 No Responses

Shareholders Seek More Mergers, Acquisitions In Cement Industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).Mr Shehu Mikail, CSAN National President, state...
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Buhari Appoints Nami, New FIRS Chairman
December 9, 2019 No Responses

Buhari Appoints Nami, New FIRS Chairman

President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation.The President nominated a tax consultant, Muhammad M. Nami as the new chairman.The board is composed of a member...
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Lagos Shuts Nine Firms Over Tax Evasion
December 7, 2019 No Responses

Lagos Shuts Nine Firms Over Tax Evasion

The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government.The Director, Legal Services of the LIRS, Mr Sey...
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Customs Boss Seeks Separate Budget For Staff College
December 7, 2019 No Responses

Customs Boss Seeks Separate Budget For Staff College

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd)  has appealed for a separate budget for Nigeria Customs Command and Staff College, Gwagwalada for the institution to realise its set out goals.Ali made the appeal at the Gradu...
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Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri
December 5, 2019 No Responses

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri

The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.The passage followed the consideration and adoption of the report of Senate Committee on Appropriation.T...
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Neimeth, Cornerstone, Emerge Best Performing Stocks In November
December 5, 2019 No Responses

Neimeth, Cornerstone, Emerge Best Performing Stocks In November

Neimeth, Cornerstone Insurance and Chams have emerged as the best performing equities on the Nigerian Stock Exchange (NSE) in the month of November.Data obtained by the News Agency of Nigeria (NAN) indicates that Neimeth led eight others to emerge as...
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Kano 40th Trade Fair To Host 150 Countries
November 27, 2019 No Responses

Kano 40th Trade Fair To Host 150 Countries

No fewer than 150 foreign countries and 15 Nigeria states are expected to participate at the Kano 40th Trade Fair scheduled to begin December 30, 2019.This was disclosed on Wednesday by the Acting President, Kano State Chamber of Commerce, Amb....
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DMO Puts Nigeria’s Debt Profile At N25.7 Tri
November 23, 2019 No Responses

DMO Puts Nigeria’s Debt Profile At N25.7 Tri

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As ...
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