Category: Economy

Coca-Cola Projects 25 Per Cent Drop In Sales
April 21, 2020 No Responses

Coca-Cola Projects 25 Per Cent Drop In Sales

Coca-Cola saw sales volumes of its soft drinks decline by a quarter so far in April, as people stay home to help stem the contagion of the new coronavirus. Consumers appear to have stocked up on drinks to consume at...
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FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1
April 20, 2020 No Responses

FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1

By citybusinessnews@yahoo.com For the First Quarter ended March 31st, 2020,  FBN Holdings attained  Customer Deposits of ₦4.3 trillion, up 6.7%  when compared to the ₦4.0 trillion recorded in December 2019.   In...
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DiamondXtra: Access Bank To Reward Customers
April 20, 2020 No Responses

DiamondXtra: Access Bank To Reward Customers

Access Bank Plc is set to splash millions of Naira on lucky customers who will emerge winners in the forthcomingDiamondXtra monthly draw scheduled to take place on Wednesday, May 13, 2020.  According to Adaeze Ume, Group Head, Retail Products and Seg...
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Market Indicators Resume Week With 0.01% Loss
April 20, 2020 No Responses

Market Indicators Resume Week With 0.01% Loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent. Speficially, the All-Share Index lost 1.18 points or 0.01 per cent to close at 22,920.41 from the 22,921.59 achieved...
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Food Scarcity Looms In Nigeria
April 19, 2020 No Responses

Food Scarcity Looms In Nigeria

An agriculture expert, Alhaji Ahmed Inusa-Adamu, has warned against impending food scarcity in Nigeria  as a result of low production of farm produce.   Inusa-Adamu has also advised the the Federal Government to take proactive measures and ensure tha...
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Shippers’ Council Suspends Demurrage Charges
April 17, 2020 No Responses

Shippers’ Council Suspends Demurrage Charges

The Nigerian Shippers’ Council (NSC) on Friday directed shipping companies to suspend demurrage charges during the period of COVID-19 lockdown. In a statement issued on Friday, the management of NSE explained that the suspension applies to cargo that is disc...
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FBN Holdings Emerges Most Active Stock With 47.69m Shares
April 17, 2020 No Responses

FBN Holdings Emerges Most Active Stock With 47.69m Shares

Again, FBN Holdings on Friday emerged the most active stock on the floor of Nigerian Stock Exchange (NSE), exchanging 47.69 million shares worth N219.71 million.  FBN Holdings had on Wednesday topped activity chart with 74.758 shares valued at N354.24mill...
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Train 7: NCDMB Urges NLNG To Engage Project 100 Firms
April 16, 2020 No Responses

Train 7: NCDMB Urges NLNG To Engage Project 100 Firms

The Nigerian Content Development and Monitoring Board (NCDMB) has asked the Nigeria LNG Ltd (NLNG) to evaluate the capabilities of the beneficiaries of Project 100 programme. The NCDMB said the purpose of the evaluation was to enable NLNG engage them in.....
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PwC COVID-19 Survey: Liquidity, Safety Of Staff Top Concerns Of Businesses In Nigeria
April 16, 2020 No Responses

PwC COVID-19 Survey: Liquidity, Safety Of Staff Top Concerns Of Businesses In Nigeria

Businesses in Nigeria have identified Liquidity and the safety of their staff among the most pressing business needs they are concerned about as they grapple with the impact of the COVID-19 pandemic. These are some of the findings from a...
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NIMASA Extends Certificate Validity For Seafarers
April 16, 2020 No Responses

NIMASA Extends Certificate Validity For Seafarers

The Nigerian Maritime Administration and Safety Agency (NIMASA) has extended the validity of Statutory and Trading certificates for all Nigerian Registered vessels.  These include Standards of Training, Certification and Watchkeeping (STCW) certificates f...
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Onne Customs Collects ₦22.9B Revenue In Q1
April 16, 2020 No Responses

Onne Customs Collects ₦22.9B Revenue In Q1

For the 2020 First Quarter, the Nigeria Customs Service, Area II Command Onne Port, recorded total revenue collection of ₦22,950,780,163.43K, with seizures of seven containers worth total Duty Paid Value (DPV) of ₦215,387,201.18 On export, the Command reco...
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FBN Holdings Explains Divestment From FBN Insurance
April 15, 2020 No Responses

FBN Holdings Explains Divestment From FBN Insurance

FBN Holdings Plc has notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner Sanlam Emerging Markets to divest 65 per cent equity in FBN Insurance (FBNI) Ltd.The company stated this in a notice sent to the Exchange...
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Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#
April 15, 2020 No Responses

Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as  mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly...
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NSE Unveils Guidance On Virtual Meetings For Stakeholders
April 15, 2020 No Responses

NSE Unveils Guidance On Virtual Meetings For Stakeholders

The Nigerian Stock Exchange (NSE) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders.A statement issued on Wednesday explained that the Guidance is in response to the shift from conventional physical meetings to virtua...
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