Category: Economy

DPR Generates N673.7b Revenue In Six Months
September 2, 2020 No Responses

DPR Generates N673.7b Revenue In Six Months

The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year.   Its Spokesman, Paul Osu, explained in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this...
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Market Capitalisation Sustains Growth With N24b
September 2, 2020 No Responses

Market Capitalisation Sustains Growth With N24b

The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting.   Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared...
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FG Approves $3.1b For Automation Of NCS
September 2, 2020 No Responses

FG Approves $3.1b For Automation Of NCS

The Federal Executive Council (FEC) on Wednesday approved $3.1billion for the automation of the operations of the Nigeria Custom Service (NCS).    Speaking after the virtual meeting presided by President Muhammadu Buhari, Minister of Finance, Budget...
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NSE Resumes September Trading With N46b Growth
September 1, 2020 No Responses

NSE Resumes September Trading With N46b Growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to...
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Joint Border Drill Impounds 134,042 Bags Of Rice, 1,791 Vehicles, Others
September 1, 2020 No Responses

Joint Border Drill Impounds 134,042 Bags Of Rice, 1,791 Vehicles, Others

The Joint Border Drill codenamed ‘Exercise Swift Response’ has made seizures valued at about N11 billion in the last one year.    A statement issued by Public Relations Officer of the Drill, Mr Joseph Attah explained on Tuesday that the...
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Poultry Farmers Lament Challenges
September 1, 2020 No Responses

Poultry Farmers Lament Challenges

Poultry farmers on Tuesday lamented various challenges facing the sector and appealed for Federal Government’s intervention.   The farmers made the calls in separate interviews with the News Agency of Nigeria NAN)  in Lagos.   Mr Denison Tse...
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Gbajabiamila Meets Buhari, Embarks On `Legislative Diplomacy’ To Ghana
September 1, 2020 No Responses

Gbajabiamila Meets Buhari, Embarks On `Legislative Diplomacy’ To Ghana

President Muhammadu Buhari on Tuesday met behind closed door with Speaker, House of Representatives, Femi Gbajabiamila, at the State House, Abuja.   Speaking to State House correspondents at the end of the meeting, Gbajabiamila stated that he was in the...
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Nigerian Active GSM Subscribers Hit 199.3m
September 1, 2020 No Responses

Nigerian Active GSM Subscribers Hit 199.3m

Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta on Tuesday said  active GSM subscribers in the country have increased from 184 million in December 2019 to 199.3 million in May 2020.Danbatta made the disclosure a...
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Okowa Inaugurates Delta Economic Council
August 29, 2020 No Responses

Okowa Inaugurates Delta Economic Council

Delta State Governor, Ifeanyi Okowa  has inaugurated the State’s Economic Council, with a charge to members to institute a strong, credible and enduring platform for diversification of the economy.  The governor, at the ceremony, in Asaba on F...
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Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent
August 28, 2020 No Responses

Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 45.46 per cent. However, the market capitalisation rose by two billion naira or 0.02 per cent to close at N13.203 trillion against N13.201 trillion recorded...
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NPA To Receive 27 Ships At Lagos Seaports
August 28, 2020 No Responses

NPA To Receive 27 Ships At Lagos Seaports

The Nigerian Ports Authority (NPA) is expecting 27 ships laden with petroleum products, food items and other goods from August  28 to September 5, 2020.   According to NPA’s `Shipping Position’, the ships are expected to arrive at the Lagos Port...
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NEXIM Bank, Yobe Seal Export MoU
August 26, 2020 No Responses

NEXIM Bank, Yobe Seal Export MoU

The Nigerian Export- Import Bank (NEXIM), on Wednesday in Abuja signed a Memorandum of Understanding (MOU) with the Yobe State Government on sustainable economic development in the state.   The Managing Director of the bank, Mr Abba Bello in a...
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NLNG, LCCI Promote Solutions In Carbon Reduction, Bioenergy
August 26, 2020 No Responses

NLNG, LCCI Promote Solutions In Carbon Reduction, Bioenergy

Nigeria LNG Limited (NLNG), in partnership with the Lagos Chamber of Commerce and Industry (LCCI), recently, presented the winning work of The Nigeria Prize for Science 2019, to industry players as part of measures to help reduce the country’s carbon...
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Market Capitalisation Sustain Growth By N20b
August 26, 2020 No Responses

Market Capitalisation Sustain Growth By N20b

The bulls continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with the key market indices improving further by 0.15 per cent.   Specifically, the NSE All-Share Index which opened at 25,291.73 inched higher by 38.37 points...
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