Category: Economy

Buhari Directs Release Of 50% Of Capital Expenditure, Signs N10.8tr Revised 2020 Budget
July 10, 2020 No Responses

Buhari Directs Release Of 50% Of Capital Expenditure, Signs N10.8tr Revised 2020 Budget

President Muhammadu Buhari has signed into law the revised N10.8 trillion 2020 budget, and directed the release of at least 50 per cent of the approved 2020 revised capital expenditure to Ministries, Departments and Agencies (MDAs). The News Agency of...
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Olugbade: Barge, Off Docks Will Aid Port Decongestion
July 10, 2020 No Responses

Olugbade: Barge, Off Docks Will Aid Port Decongestion

Captain Ibraheem Olugbade, Executive Director, SIFAX Off Dock, has urged all the stakeholders in the maritime sector to adopt the option of barge transportation for the movement of consignments from the Lagos ports. Olugbade said the challenges of congestion a...
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Ogun Partners CBN On Oil Palm Production
July 9, 2020 No Responses

Ogun Partners CBN On Oil Palm Production

The Ogun Government is collaborating with the Central Bank of Nigeria (CBN) to boost oil palm production in the state. The State Commissioner for Agriculture, Dr Adeola Odedina, made this known during an inspection tour of Apoje Farm Settlement, where...
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FG Distributes Farm Inputs To Rice Farmers In Oyo
July 9, 2020 No Responses

FG Distributes Farm Inputs To Rice Farmers In Oyo

The Rice Farmers Association of Nigeria (RIFAN) Oyo state chapter, on Thursday received farm inputs through the Anchor Borrower Programme (ABP) of the Federal Government, coordinated by the Central Bank of Nigeria (CBN). The Oyo State RIFAN Chairman, Mr Samuel...
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Conoil, Arbico,Vitafoam Top Losers’ Table As Market Capitalisation Drop By N1b
July 9, 2020 No Responses

Conoil, Arbico,Vitafoam Top Losers’ Table As Market Capitalisation Drop By N1b

Sentiments in the nation’s bourse weakened on Thursday, with the All-Share Index dropping by 0.01 per cent. Specifically, the All-Share Index (ASI) decreased by 1.51 points to close at 24,276.56 in contrast with 24,278.07 achieved on Wednesday. Accordingly, ...
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NNPC Increases Gas Supply To Power Sector By 19%
July 9, 2020 No Responses

NNPC Increases Gas Supply To Power Sector By 19%

The Nigerian National Petroleum Corporation (NNPC)  has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020. The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for...
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Nigeria Explains Deregulation Of Oil Downstream Sector
July 9, 2020 No Responses

Nigeria Explains Deregulation Of Oil Downstream Sector

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday aid the deregulation of the downstream oil sector was to ensure economic growth and development of the country. In a statement, Sylva explained that was unrealistic to continue...
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Anambra Generates N26.4b In 2019
July 9, 2020 No Responses

Anambra Generates N26.4b In 2019

The Anambra state Government on Thursday said it realized N26.4 billion as Internally Generated Revenue (IGR) in 2019. Mr David Nzekwu,  Chairman of the State Internal Revenue Service, stated this while defending the agency’s financial transactions in 2...
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Federal Character Commission Audits MDAs Nominal Rolls
July 8, 2020 No Responses

Federal Character Commission Audits MDAs Nominal Rolls

The Federal Character Commission (FCC) is to commence  auditing of the nominal rolls of federal Ministries, Department and Agencies (MDAs). Speaking on Wednesday in Abuja, the New Executive Chairman of the Commission, Dr Muheeba Dankaka, explained th...
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Lafarge Africa, Julius Berger Top Gainers Table AS Market Capitalisation Sustain Growth With N94b
July 8, 2020 No Responses

Lafarge Africa, Julius Berger Top Gainers Table AS Market Capitalisation Sustain Growth With N94b

Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest. Specifically, the All-Share Index rose by 180.59 points or 0.75 per cent to close at 24,278.07 compared...
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Ecobank Nigeria Extends Agric Loan To 70,000 Farmers
July 8, 2020 No Responses

Ecobank Nigeria Extends Agric Loan To 70,000 Farmers

Ecobank Nigeria has restated its commitment to the Agricultural sector and is supporting over 70,000 farmers with special loans to increase their capacity and yields during this planting season.   This is one of the bank’s initiatives to ...
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Interest In Airtel Africa, BUA Cement, Zenith Bank Lift Market Capitalisation By N35b
July 7, 2020 No Responses

Interest In Airtel Africa, BUA Cement, Zenith Bank Lift Market Capitalisation By N35b

The nation’s bourse halted negative trend on Tuesday due to investors’ interest in Airtel Africa, BUA Cement and 15 other equities. Consequently, the All-Share Index rose by 71.43 points or 0.30 per cent to close higher at 24,097.48 compared with...
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CEOs Of Maritime Agencies Converge At NSC, Reiterate Synergy, Efficiency
July 7, 2020 No Responses

CEOs Of Maritime Agencies Converge At NSC, Reiterate Synergy, Efficiency

The Chief Executive Officers (CEOs) of maritime agencies in Nigeria on Tuesday converge at the headquarters of Nigerian Shippers Council (NSC) to brainstorm on various modalities and areas of collaborations.  The meeting had in attendance Executive Secret...
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Largest Online Gathering Of Workers, Employers, Others To Brainstorm On Post-Pandemic Recovery
July 7, 2020 No Responses

Largest Online Gathering Of Workers, Employers, Others To Brainstorm On Post-Pandemic Recovery

More than 50 Heads of State and government, as well as prominent global employers’ and trade union leaders are to take part in global discussions on COVID-19 and the World of Work, which be held online, 7-9 July.A statement issued...
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