Category: Economy

NSE Turnover Rises by 86.97%, Other Indices Down 0.15%
August 14, 2020 No Responses

NSE Turnover Rises by 86.97%, Other Indices Down 0.15%

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday rose by 86.97 per cent, just as the market indices dipped by 0.15 per cent.   Specifically, investors traded 482.52 million shares valued at N4.52 billion in 3,897...
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Sokoto Partners UK On ICT Development
August 14, 2020 No Responses

Sokoto Partners UK On ICT Development

The Sokoto State Government on Friday said it was collaborating with the United Kingdom (UK) agency to improve the Information and Communications Technology (ICT) sector in the state.   Governor Aminu Tambuwal made the announcement in a statement issued in...
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MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent
August 13, 2020 No Responses

MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent

Transactions maintained upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains.   Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with...
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Nigerian Navy, NEXIM Bank Seal Inland Waterways MoU
August 13, 2020 No Responses

Nigerian Navy, NEXIM Bank Seal Inland Waterways MoU

The Nigerian Navy on Thursday signed a Memorandum of Understanding (MoU) with the Nigerian Export-Import Bank (NEXIM), to open up the nation’s inland waterways to boost maritime movement of goods and service.    The aimed to enhance economic trade and....
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Diri Urges Agip To Relocate To Bayelsa
August 13, 2020 No Responses

Diri Urges Agip To Relocate To Bayelsa

Bayelsa State Governor, Douye Diri has urged the Nigerian Agip Oil Company (NAOC) to relocate its operational headquarters to Bayelsa where it operated most oilfields and Brass oil export terminal. Diri, made the call at the virtual inauguration of the...
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Market Capitalisation Recovers N135b
August 12, 2020 No Responses

Market Capitalisation Recovers N135b

The Nigerian Stock Exchange (NSE) on Wednesday posted first week gain with the market capitalisation rebounding by N135 billion, amid renewed investor interest.   Speficially, the market capitalisation inched higher by N135 billion or 1.04 per cent to close a...
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Maritime Agencies Unveil 24-Hour Seaports’ Agenda
August 11, 2020 No Responses

Maritime Agencies Unveil 24-Hour Seaports’ Agenda

Heads of maritime agencies in Nigeria have agreed to work on modalities for a quick commencement of 24 hours operation at the ports.    Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, disclosed this ...
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Nigeria Inaugurates Gas Network Code
August 10, 2020 No Responses

Nigeria Inaugurates Gas Network Code

The Federal Government has inaugurated the Nigeria Gas Transportation Network Code to  deepen the growth of gas market in the country. The Minister of State for Petroleum Resources, Chief Timipre Slyva, disclosed this at the Virtual launch of The Go-Live...
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Stakeholders Advocate Right Pricing For Aviation Ground Handling Services
August 10, 2020 No Responses

Stakeholders Advocate Right Pricing For Aviation Ground Handling Services

Nigeria’s leading Aviation Ground Handling companies; Aviation Handling Services (AHS),Nigerian Aviation Handling Company Plc (Nahco Aviance) and the Skyway Aviation Handling Company (SAHCO) Plc have been urged to consider price adjustment, instead of pr...
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Ekiti Partners Ecobank On Women Empowerment, Others
August 7, 2020 No Responses

Ekiti Partners Ecobank On Women Empowerment, Others

    Ekiti State Government has partnered with Ecobank to ensure financial inclusion, women empowerment, micro credit loans and agency banking across communities in the state.   This was disclosed in Ado-Ekiti at the maiden edition Se’tigbo (Have You H...
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NIMASA Reiterates December Deadline For Single-Hull Tanker Ban, Secures Approval For CVFF disbursement
August 7, 2020 No Responses

NIMASA Reiterates December Deadline For Single-Hull Tanker Ban, Secures Approval For CVFF disbursement

  The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated that the country remains steadfast in its decision to stop the use of single-hull tankers by December 31 this year.    Director-General of NIMASA, Dr. Bashir Jamoh, stated this.....
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Ekiti Introduces Tax Relief, Incentives For Businesses
August 7, 2020 No Responses

Ekiti Introduces Tax Relief, Incentives For Businesses

  The Ekiti State Government has introduced tax relief and incentives for taxpayers and businesses as part of its ongoing efforts to cushion the negative effects of the COVID-19 pandemic.   Mr Olumuyiwa Ogunmilade,  the Chairman of Ekiti Internal Revenu...
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Capital market Stakeholders Seek Alternative Funding For Infrastructure Development
August 6, 2020 No Responses

Capital market Stakeholders Seek Alternative Funding For Infrastructure Development

  Worried by budgetary pressure and reduction in the level of public funds,  stakeholders in the capital market are calling for alternative sources of financing to support infrastructure development   They spoke on Thursday at a webinar session targeted...
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Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion
August 6, 2020 No Responses

Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion

  The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark.   Speficially, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday...
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