Category: Economy

Kogi To Establish Rice Mill
July 19, 2020 No Responses

Kogi To Establish Rice Mill

Governor Yahaya Bello of Kogi has promised to establish a rice mill in Ibaji Local Government Area of the state in honour late John Abbah, a legislator from the area. Bello made the promise in Ejule-Ojebe, the hometown of late...
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CBN Targets 12.5m Metric Tons Of Maize In 18 Months
July 17, 2020 No Responses

CBN Targets 12.5m Metric Tons Of Maize In 18 Months

The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of 12.5 million metric tons of maize in the country in the next 18 months. Mr Yusuf...
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FMDQ Securities Exchange turnover hits N16.47trn in June
July 17, 2020 No Responses

FMDQ Securities Exchange turnover hits N16.47trn in June

FMDQ Securities Exchange recorded a turnover of N16.47 trillion in the Fixed Income and Currency (FIC) in the month of June.  This is contained in a monthly FIC report obtained by the News Agency of Nigeria (NAN) from FMDQ on...
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Nigeria To Boost External Reserve With Gold Sales
July 16, 2020 No Responses

Nigeria To Boost External Reserve With Gold Sales

The Minister of Mines and Steel Development, Olamilekan Adegbite, on Thursday said Nigeria has commenced gold purchase programme through the Central Bank of Nigeria (CBN). The minister stated this while addressing State House correspondents after the official ...
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NDDC Boss:N40b Not Missing, Not Misappropriated
July 16, 2020 No Responses

NDDC Boss:N40b Not Missing, Not Misappropriated

The Acting Managing Director of the Niger Delta Development Commission (NDDC), Prof. Kemebradikumo Pondei,  on Thursday insisted that N40 billion was not missing from the commission’s account neither has it been misappropriated. Pondei, while addressing jo...
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Jaiz Bank Sets Aside N884m For Maiden Dividend
July 16, 2020 No Responses

Jaiz Bank Sets Aside N884m For Maiden Dividend

Shareholders of Jaiz Bank Plc are  to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank Alhaji Umaru Mutallab disclosed this at the 8th Annual General Meeting (AGM) of the bank held...
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Okonjo-Iweala To WTO: Elect DG On Basis Of Merit
July 15, 2020 No Responses

Okonjo-Iweala To WTO: Elect DG On Basis Of Merit

Dr Ngozi Okonjo-Iweala on Wednesday in Geneva stressed the need for the World Trade Organisation (WTO) to elect a credible candidate, based on merit, for the position of Director General. Okonjo-Iweala, who is among the eight candidates vying for the...
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Market Capitalisation Recovers N8b
July 15, 2020 No Responses

Market Capitalisation Recovers N8b

The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain of the week, appreciating marginally by 0.06 per cent due to bargain hunting in Airtel Africa. Accordingly, the All-Share Index rose by 15.67 points or 0.06 per cent to...
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NIMASA Directs Registered Stevedoring Firms To Commence Operation
July 15, 2020 No Responses

NIMASA Directs Registered Stevedoring Firms To Commence Operation

The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has directed all duly registered stevedoring companies with operational areas allotted by the Nigerian Ports Authority (NPA), which are yet to start operation, to mobilise to the...
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Daukoru Emerges NLNG Board Chairman
July 13, 2020 No Responses

Daukoru Emerges NLNG Board Chairman

President Muhammadu Buhari has approved the reconstitution of the representatives of Nigeria on the Board of Nigerian Liquefied Natural Gas Limited (NLNG) under the chairmanship of Former Minister of State for Petroleum, Edmund Daukoru.  A memo signed&...
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Nigeria’s Stock Market Opens Week With N55b Loss
July 13, 2020 No Responses

Nigeria’s Stock Market Opens Week With N55b Loss

The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion....
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Nigeria’s Unclaimed Dividends Hit N158.44b
July 13, 2020 No Responses

Nigeria’s Unclaimed Dividends Hit N158.44b

The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the...
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Nigeria Clarifies Tax On House Rents, C of O, Others
July 10, 2020 No Responses

Nigeria Clarifies Tax On House Rents, C of O, Others

The Director-General of the Budget Office of the Federation, Mr Ben Akabueze, on Friday said tax on rents, Certificate of Occupancy (C of O) and others is not a new law to the system. Akabueze made the clarification while fielding...
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MTN Nigeria, Vitafoam, Others Lift Market Capitalisation By N15b
July 10, 2020 No Responses

MTN Nigeria, Vitafoam, Others Lift Market Capitalisation By N15b

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