Category: Economy

Nigeria To IOCs: Foster Peace In Host Communities
October 24, 2019 No Responses

Nigeria To IOCs: Foster Peace In Host Communities

The Federal Government on Thursday admonished International Oil Companies (IOCs) to use culture to foster peace in their host communities.The Minister of Information and Culture, Alhaji Lai Mohammed gave the charge in Port-Harcourt at the maiden Nigerian Agip Oil Company...
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Investors Stake N6.18b On Zenith Bank’s 357.23m Shares
October 23, 2019 No Responses

Investors Stake N6.18b On Zenith Bank’s 357.23m Shares

Investors on the floor of Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals.The volume of shares traded represented an increase of 182.29 per cent compared with 245.85 million shares valued at N1.36...
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Adulterated Palm Oil: EFCC Hands Over 26 Suspects To NAFDAC
October 18, 2019 No Responses

Adulterated Palm Oil: EFCC Hands Over 26 Suspects To NAFDAC

The Economic and Financial Crimes Commission (EFCC), Gombe Zonal Office, has arrested 26 suspects for allegedly adulterating palm oil, and handed them over to the National Agency for Food and Drug Administration and Control (NAFDAC).Mr Michael Wetkas, the Head...
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Buhari Orders Probe Of NDDC
October 17, 2019 No Responses

Buhari Orders Probe Of NDDC

President Muhammadu Buhari has ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019.The president gave the directive when he received governors of the states in the Niger Delta area, led by...
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Photo News
October 17, 2019 No Responses

Photo News

Left to Right: Acting Director General Securities and Exchange commission, SEC, Ms. Mary Uduk and Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed at the on-going World Bank/International Monetary Fund Meeting in Washington DC, Thursday.
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CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes
October 16, 2019 No Responses

CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.The bank said this in the Currency Operations 2018 Annual Report, posted...
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Global Borrowing Now At Highest Level Since 1950s
October 16, 2019 No Responses

Global Borrowing Now At Highest Level Since 1950s

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the high...
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Lagos Pledges To Pay Above N30,000 Minimum Wage
October 15, 2019 No Responses

Lagos Pledges To Pay Above N30,000 Minimum Wage

Lagos State will pay its workers above the N30,000 new national Minimum Wage,  State Governor, Babajide Sanwo-Olu  has said.Sanwo-Olu made the promise on Tuesday when the state leadership  of the Trade Union Congress (TUC), the Nigeria Labour Co...
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Access Bank Hits N1b Digital Daily Lending
October 15, 2019 No Responses

Access Bank Hits N1b Digital Daily Lending

Access Bank’s expanded Digital Lending Portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu,...
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DMO Lists ₦15b FGN Green Bond On NSE
October 14, 2019 No Responses

DMO Lists ₦15b FGN Green Bond On NSE

The Nigerian Stock Exchange (NSE) on Monday announced the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list.  Promoted by the Debt Management Office (DMO), the 7-year Green bond issued at coupon rate...
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Nigeria Insists On Border Closure
October 14, 2019 No Responses

Nigeria Insists On Border Closure

The Nigerian Government  will not reverse closure of borders until neighbouring countries have shown enough commitment to check smuggling of banned commodities into Nigeria.The Permanent Secretary (PS) of the Federal Ministry of Agriculture, Dr Mohammed Umar,...
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Customs Port Harcourt Area II Command Generates ₦81.2b Revenue In Q3
October 11, 2019 No Responses

Customs Port Harcourt Area II Command Generates ₦81.2b Revenue In Q3

The Nigeria Customs Service (NCS), Area II Command Onne Port generated a total revenue of eighty-one billion, one hundred and ninety-six million, six hundred and ninety-seven thousand, eight hundred and fifty- eight naira, and fifty-seven kobo (₦81,196,697,8...
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BPSR Seeks Partnership With BPE On Moribund Industries
October 11, 2019 No Responses

BPSR Seeks Partnership With BPE On Moribund Industries

Director General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Ibrahim Arabi has sought the collaboration of the Bureau of Public Enterprises (BPE) to reform some moribund industries in the country in line with its mandate. Speaking when...
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NSE Reviews Pricing Methodology Rules
October 11, 2019 No Responses

NSE Reviews Pricing Methodology Rules

The Nigerian Stock Exchange (NSE) on Thursday announced amendment to the rules on Pricing Methodology and price movements of equity securities traded on The Exchange.The amendments, effective from Friday, October 11, 2019 areaccording to Rules 15:29.2. C.2 of ...
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