Category: Economy

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms
September 15, 2020 No Responses

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms

The World Federation of Exchanges (WFE) has issued a Guidance Note, aimed at policy questions arising from any resurgence of market volatility.   In particular, the WFE’s Guidance focuses on how exchanges create fair and orderly markets; and why, when navigating times...
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OPay Partners WorldRemit On International Money Transfer
September 15, 2020 No Responses

OPay Partners WorldRemit On International Money Transfer

Opay, A Nigerian financial service technology company, has partnered WorldRemit, a global digital payment platform, on direct transfer of money into its mobile wallets in the country.  In a statement on Tuesday, Opay’s Director of Remittance Service, Mr...
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Continental Reinsurance Acquires Botswana Subsidiary
September 10, 2020 No Responses

Continental Reinsurance Acquires Botswana Subsidiary

Continental Reinsurance Plc on Thursday announced a change in the ownership structure of Continental Reinsurance Ltd Botswana.    After its recent acquisition of a minority 40% stake in the company, through its holding company, CRAFIL, from Botswana Insu...
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Lagos-Ogun Mass Transit Trains Resumes Monday, Increases Fares
September 10, 2020 No Responses

Lagos-Ogun Mass Transit Trains Resumes Monday, Increases Fares

The Nigerian Railway Corporation (NRC) has announced the resumption of Lagos-Ogun Mass Transit Train Services (MTTS) from Monday after five months of suspension to contain the spread of COVID-19 pandemic. A statement issued on Thursday by District Public ...
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Market Capitalisation Recovers N50b
September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting.   Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...
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FBNQuest Funds Invests N20b In 70 firms
September 9, 2020 No Responses

FBNQuest Funds Invests N20b In 70 firms

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc has invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this on Wednesday at a virtual F...
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Presco Shareholders Okay N2billion Dividend For 2019
September 2, 2020 No Responses

Presco Shareholders Okay N2billion Dividend For 2019

 By Moses Ebosele, ebosele@hotmail.com   Shareholders of Presco Plc, on Wednesday, commended the Board and Management of the company for declaring N2billion dividend for the financial year ended December 31, 2019 despite various challenges.   The sharehol...
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PwC Nigeria Holds Capability Enhancement Workshop For Journalists
September 2, 2020 No Responses

PwC Nigeria Holds Capability Enhancement Workshop For Journalists

Foremost professional services firm, PwC Nigeria has again hosted its annual Capability Enhancement Workshop for journalists.    The half-day workshop which held virtually  in line with COVID-19 protocols around large gatherings, had participan...
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Lagos To Establish Coconut Processing Factory In Badagry
September 2, 2020 No Responses

Lagos To Establish Coconut Processing Factory In Badagry

The Lagos State Government is to establish a coconut processing factory in Badagry to further optimize the use of coconut and harness the economic potentials in the value chain.The State Acting Commissioner for Agriculture, Ms Abisola Olusanya, stated this Wed...
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DPR Generates N673.7b Revenue In Six Months
September 2, 2020 No Responses

DPR Generates N673.7b Revenue In Six Months

The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year.   Its Spokesman, Paul Osu, explained in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this...
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Market Capitalisation Sustains Growth With N24b
September 2, 2020 No Responses

Market Capitalisation Sustains Growth With N24b

The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting.   Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared...
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FG Approves $3.1b For Automation Of NCS
September 2, 2020 No Responses

FG Approves $3.1b For Automation Of NCS

The Federal Executive Council (FEC) on Wednesday approved $3.1billion for the automation of the operations of the Nigeria Custom Service (NCS).    Speaking after the virtual meeting presided by President Muhammadu Buhari, Minister of Finance, Budget...
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NSE Resumes September Trading With N46b Growth
September 1, 2020 No Responses

NSE Resumes September Trading With N46b Growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to...
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Joint Border Drill Impounds 134,042 Bags Of Rice, 1,791 Vehicles, Others
September 1, 2020 No Responses

Joint Border Drill Impounds 134,042 Bags Of Rice, 1,791 Vehicles, Others

The Joint Border Drill codenamed ‘Exercise Swift Response’ has made seizures valued at about N11 billion in the last one year.    A statement issued by Public Relations Officer of the Drill, Mr Joseph Attah explained on Tuesday that the...
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