Category: Economy

NSE Succumbs To Profit Taking, Loses N50b
June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 posted...
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FBNQuest Educates Nigerians on estate planning, wealth transfer
June 4, 2020 No Responses

FBNQuest Educates Nigerians on estate planning, wealth transfer

FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is offering expert guidance on estate planning as an important requirement for successful wealth transfer. In a statement on Thursday, Mr Adekunle Awojobi, FBNQuest Managing Director, explained that through ...
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NPA To Receive 17 Ships With Petroleum Products, Wheat, Frozen Fish, Others
June 4, 2020 No Responses

NPA To Receive 17 Ships With Petroleum Products, Wheat, Frozen Fish, Others

The Nigerian Ports Authority (NPA) is expecting 17 ships laden with petroleum products, food items and other goods. NPA explained on Thursday through its publication, Shipping Position, that the ships are expected to arrive at the Lagos Ports between June...
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FEC Approves Refunds of N148b To Rivers, Ondo, Bayelsa, Others
June 3, 2020 No Responses

FEC Approves Refunds of N148b To Rivers, Ondo, Bayelsa, Others

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved refund of N148billion expended on federal roads by Rivers, Cross River, Ondo, Bayelsa  and Osun states. The Minister of Information and Culture, Alhaji Lai M...
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Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift
June 3, 2020 No Responses

Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift

The Nigerian Content Development and Monitoring Board (NCDMB), has waded into the N970 million dispute between the Nigeria Liquefied Natural Gas (NLNG), and a Nigerian company, Macobarb International.News Agency of Nigeria (NAN) gathered that the N970 million ...
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Customs Impounds N253m Smuggled Items
June 3, 2020 No Responses

Customs Impounds N253m Smuggled Items

The Nigeria Customs Service (NCS) in Kebbi State confiscated various smuggled items valued at N253 million betweem February and May, 2020. The Kebbi Area Comptroller of Customs, Yusuf Garba, made the disclosure at a press briefing in Birnin Kebbi on...
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NPA Renews Engagement With Customs On Deployment of Scanners At Seaports
June 2, 2020 No Responses

NPA Renews Engagement With Customs On Deployment of Scanners At Seaports

       By Moses Ebosele, ebosele@hotmail.com The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has renewed clamour for the deployment of scanners at the nation’s seaport as part of measures to fast track cargo evacuation. &nbs...
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UPDC Lists N16b Rights Issue On NSE
June 2, 2020 No Responses

UPDC Lists N16b Rights Issue On NSE

UACN Property Development Company (UPDC) Plc on Tuesday, listed N16 billion rights issue of 15.96 billion ordinary shares at N1 per share on the Nigerian Stock Exchange (NSE). With the listing, the company became yet another beneficiary of the Exchange’s&nbs...
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Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth
June 2, 2020 No Responses

Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth

Transactions in the shares of Nigerian Breweries topped the activity chart on the floor of Nigerian Stock Exchange (NSE) on Tuesday with 50.46 million shares valued at N2.22 billion.  Guaranty Trust Bank followed with 40.45 million shares worth N1.01 bill...
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Nigeria To Empower 77,400 Young Farmers
June 1, 2020 No Responses

Nigeria To Empower 77,400 Young Farmers

The National Agricultural Land Development Authority (NALDA) has announced plans to empower 77,400 young farmers in agricultural business across Nigeria. Addressing Journalists on Monday in Abuja, Executive Secretary of NALDA,Mr Paul Ikonne, explained that the...
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PPPRA Reduces PMS Pump Price To N121.50 Per Litre
June 1, 2020 No Responses

PPPRA Reduces PMS Pump Price To N121.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol to N121.50 per litre from N123.50. The agency disclosed this in a letter to marketers with reference number A.4/9/017/C.2/V/...
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Zenith Bank Emerges Best Bank In Nigeria
June 1, 2020 No Responses

Zenith Bank Emerges Best Bank In Nigeria

Zenith Bank Plc, Nigeria’s leading financial institution, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, which was published in the May 2020 edition of the Global...
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Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth
June 1, 2020 No Responses

Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth

The Nigeria Stock Exchange (NSE) on Monday resumed trading in June on a positive note, with the All- Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15...
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Bua Cement, Flour Mills Top Gainers’ Table As Market Capitalisation Expand Growth By N53b
May 29, 2020 No Responses

Bua Cement, Flour Mills Top Gainers’ Table As Market Capitalisation Expand Growth By N53b

The key performance indicators of the Nigerian Stock Exchange (NSE) closed the last trading day of May with 0.40 per cent growth. Specifically, the market capitalisation on Friday inched higher by N53 billion or 0.40 per cent to close at...
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