Category: Economy

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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Osun Unveils N100m Post COVID-19 Economic Intervention Programme
August 6, 2020 No Responses

Osun Unveils N100m Post COVID-19 Economic Intervention Programme

  Governor of Osun State, Gboyega Oyetola of Osun on Thursday launched the N100 million Post COVID-19 Economic Intervention Pilot Programme to mitigate the effects of the raging Coronavirus pandemic on the people of the state.   Oyetola said at the...
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Investors stake N3.89b On UACN, FBN Holdings, Others
August 5, 2020 No Responses

Investors stake N3.89b On UACN, FBN Holdings, Others

      The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday improved by 148.13 per cent with an exchange of 383.29 million shares worth N3.89 billion in 3,860 deals. This was in contrast with a...
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NRC Explains 700 bids For 2020 Projects
August 5, 2020 No Responses

NRC Explains 700 bids For 2020 Projects

    The Nigerian Railway Corporation (NRC) on Wednesday unveiled over 700 pre-qualification documents of bidders for the 2020 capital projects of the corporation.   Managing Director, Mr Fidet Okhiria, explained at the event held in Lagos that the corpo...
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Ecobank Nigeria Unveils Loan Package For Female Entrepreneurs
July 31, 2020 No Responses

Ecobank Nigeria Unveils Loan Package For Female Entrepreneurs

Ecobank Nigeria has unveiled a special loan package for female entrepreneurs in the country. The Ecobank Female Entrepreneurs’ Initiative (EFEI) loan is specially designed by the bank to financially empower female business owners and entrepreneurs in the cou...
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Seplat Posts $234m Revenue In Six Months, To Drill Two Gas Wells
July 29, 2020 No Responses

Seplat Posts $234m Revenue In Six Months, To Drill Two Gas Wells

For the six months ended June 30,  2020, Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE) on Wednesday announ...
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FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months
July 29, 2020 No Responses

FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months

FBN Holdings Plc on Wednesday announced its unaudited results for the six months ended June 30, 2020.   The financial institution declared  gross earnings of ₦296.4 billion, up 5.8% when compared to the previous year of  ₦280.3 billion...
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World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others
July 29, 2020 No Responses

World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others

The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in Nigeria.  A statement from the bank in Abuja on Wedne...
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Ogun, IITA Seal Agric MoU
July 24, 2020 No Responses

Ogun, IITA Seal Agric MoU

The Ogun Government on Friday signed a Memorandum of Understanding (MoU) with the International Institute of Tropical Agriculture (IITA) as part of measures to boost the agricultural sector in the state.   The Commissioner for Agriculture, Dr Adeola ...
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Seplat, Bua Cement Top Losers’ Table As Market Capitalisation Drop By N45b
July 24, 2020 No Responses

Seplat, Bua Cement Top Losers’ Table As Market Capitalisation Drop By N45b

The Nigerian Stock Exchange (NSE) on Friday returned to the negative territory on with key market indices declining by 0.35 per cent. Specifically, the All-Share Index (ASI) dipped 85.04 points to close at 24,427.73 compared with 24,512.77 achieved on Thursday...
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DPR Implores Lubricant Producers On Export
July 22, 2020 No Responses

DPR Implores Lubricant Producers On Export

Director, Department of Petroleum Resources (DPR), Mr Auwalu Sarki,  has enjoined lubricant producers in the country to look beyond the shores of Nigeria and target the export market in the distribution of their products. A statement signed by Mr Paul Osu, ...
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