Category: Economy

Heritage Bank’s Academy, CBN, 25 Others Receive CIBN’s Certificates of Accreditation
August 26, 2020 No Responses

Heritage Bank’s Academy, CBN, 25 Others Receive CIBN’s Certificates of Accreditation

The Chartered Institute of Bankers of Nigeria (CIBN) has official presented Certificates of Accreditation to Heritage Bank Plc Academy known as “The Refinery” and the Central Bank of Nigeria (CBN) Learning Centre.   The Institute via a Zoom virtual platform also...
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NECA Implore Stakeholders On Economic Growth
August 25, 2020 No Responses

NECA Implore Stakeholders On Economic Growth

The Nigeria Employers’ Consultative Association (NECA) has called for concerted efforts by all stakeholders to move the nation’s economy away from a downward slide.  The Director-General of NECA, Mr Timothy Olawale, made the call on Monday in Lagos fo...
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Ibeju-Lekki Youths Reap Benefits of Dangote Refinery Vocational Training
August 24, 2020 No Responses

Ibeju-Lekki Youths Reap Benefits of Dangote Refinery Vocational Training

Many indigent youths in Ibeju-Lekki area of Lagos State are now counting their fortunes and reaping the benefits from the first batch of the vocational training programme organized by Dangote Oil Refinery.   So far, according to a statement, some of....
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SON Develops Standards For Livestock Feeds
August 22, 2020 No Responses

SON Develops Standards For Livestock Feeds

The Standards Organisation of Nigeria (SON) has developed new standards for animal and livestock feeds value chain to support Federal Government efforts in achieving food security.   Director- General of SON, Mr Osita Aboloma,  made this known in a ...
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Senate Queries DPR Over N44.5b Remittance, N2.4trillion Revenue
August 21, 2020 No Responses

Senate Queries DPR Over N44.5b Remittance, N2.4trillion Revenue

Representatives of Department of Petroleum Resources (DPR) were queried by the Senate on Friday for remitting only N44. 5 billion into the Consolidated Revenue Fund in 2019 out of N2.4 trillion generated.   This is as heads of many of...
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UASC Seeks Immediate Suspension Of Peak Season Surcharge
August 21, 2020 No Responses

UASC Seeks Immediate Suspension Of Peak Season Surcharge

The Union of African Shippers’ Council (UASC) has called for the immediate suspension of Peak Season Surcharges (PSS) imposed by Shipping Lines serving the West African Trade Route.   Head of Public Relations, Nigerian Shippers’ Council (NSC), Rakiya Zuba...
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Investors Stake N1.75b On Zenith Bank, FBN Holdings, Nigeria Breweries, Others
August 21, 2020 No Responses

Investors Stake N1.75b On Zenith Bank, FBN Holdings, Nigeria Breweries, Others

The Nigerian Stock Exchange (NSE) on Friday moved 158.62 million shares worth N1.75 billion exchanged in 3,194 deals.   This was in contrast with 179.55 million shares valued at N2.53 billion achieved in 3,055 deals on Thursday.   An analysis...
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SEC Canvasses More Stakeholders’ Engagements
August 21, 2020 No Responses

SEC Canvasses More Stakeholders’ Engagements

The Securities and Exchange Commission (SEC) is open to engagements with stakeholders as part of measures to foster new partnerships.  A press statement issued from the first virtual Capital Market Committee Meeting held on Thursday, quoted the Directo...
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SEC Nigeria Vows To Flush Out Illegal Operators
August 20, 2020 No Responses

SEC Nigeria Vows To Flush Out Illegal Operators

The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market.   Yuguda said  this in an address delivered at the first Capital...
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NEPZA Commends LADOL’s Agric, Health Free Zone Initiative
August 20, 2020 No Responses

NEPZA Commends LADOL’s Agric, Health Free Zone Initiative

Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has commended LADOL Free Zone.    Speaking during an official tour of the Zone, Prof. Adesugba expressed particular support for LADOL expansion in attract...
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Market Capitalisation Extends Growth By N18b
August 20, 2020 No Responses

Market Capitalisation Extends Growth By N18b

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent.   Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close...
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C&I Leasing To Float N10b Bond
August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure.   Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...
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Shippers’ Council Decries Indiscriminate Charges By Shipping Firms
August 19, 2020 No Responses

Shippers’ Council Decries Indiscriminate Charges By Shipping Firms

The Management of Nigerian Shippers’ Council (NSC) on Wednesday described as ‘unreasonable and unacceptable the indiscriminate’ high surcharges by multinational shipping firms on Nigerian-bound cargoes.   The Executive Secretary of NSC, Mr Hassan Bello,...
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NPA Receives 18 Ships At Lagos Port Complex
August 19, 2020 No Responses

NPA Receives 18 Ships At Lagos Port Complex

Eighteen ships laden with food items and other goods have arrived Lagos Port Complex waiting to berth.   According to Nigerian Ports Authority (NPA) publication, `Shipping Position’, the ships are carrying containers, general cargo and gypsum.   NPA ex...
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