Category: Economy

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 announced revenue of  $234m amid lower oil prices and demand.    According t...
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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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Ogun Generates N15.11b Revenue In Six Months
July 22, 2020 No Responses

Ogun Generates N15.11b Revenue In Six Months

The Ogun Internal Revenue Service (OGIRS), on Wednesday said it generated N15.11 billion revenue between January and June for the state government.  Mr Adekunle Adeosun, the Head of the Agency, stated this while appearing before members of Ogun ...
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Access Bank Rewards 1,000 Customers With N87.74m
July 22, 2020 No Responses

Access Bank Rewards 1,000 Customers With N87.74m

Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners...
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APPEALS Project Admits 12 More States, Empowers 10,200 Women, Youth
July 21, 2020 No Responses

APPEALS Project Admits 12 More States, Empowers 10,200 Women, Youth

  By citybusinessnews@yahoo.com The Agro-Processing Productivity Enhancement And Livelihood Improvement Support Project (APPEALS) has selected not less than 10,200 Women and Youth for training on all value chains and business modules on agribusinesses. &nbs...
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FIRS Clarifies Stamp Duty Rates
July 21, 2020 No Responses

FIRS Clarifies Stamp Duty Rates

The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Director Communications and Liaison Department of the FIRS, in a statement on Tuesday said the clarification ...
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Naira Exchanges At N472 To Dollar At Parallel Market
July 21, 2020 No Responses

Naira Exchanges At N472 To Dollar At Parallel Market

The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos State, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro also exchanged for N575 and N530 respectively. The Naira, however,...
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Lagos To Empower 2,743 Farmers July 28
July 21, 2020 No Responses

Lagos To Empower 2,743 Farmers July 28

Not less than 2,743 farmers and other agriculture value chain operators will receive agricultural inputs and productive assets under the Lagos State 2020 Agricultural Value Chains Empowerment Programme on July 28. The Acting Commissioner for Agriculture, Ms Ab...
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NPA Seeks More Truck Parks Outside Seaport Environment
July 21, 2020 No Responses

NPA Seeks More Truck Parks Outside Seaport Environment

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has reiterated need for  more truck terminals outside seaport environment.  Speaking at the 14th Annual Business Law e-conference, Bala Usman also explained that NPA is n...
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Heritage Bank Upgrades HB ‘Padie’ Mobile App
July 21, 2020 No Responses

Heritage Bank Upgrades HB ‘Padie’ Mobile App

Heritage Bank has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction.     A statement explained that the HB ‘...
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