Category: Economy

NPA Denies Ownership Of $1b Unity Bank Account
June 29, 2020 No Responses

NPA Denies Ownership Of $1b Unity Bank Account

  By citybusinessnews@yahoo.com The controversy surrounding ownership of $1billion domiciled with Unity Bank Plc continued on Monday as the management of Nigerian Ports Authority (NPA) denied any link with the alleged account. A whistleblower, John Okpurhe, had in a letter to President...
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FG Earmarks N600b For Agric Financing Scheme, Seeks Support For APPEALS Project
June 29, 2020 No Responses

FG Earmarks N600b For Agric Financing Scheme, Seeks Support For APPEALS Project

The Minister of Agriculture and Rural Development, Sabo Nanono on Monday said the Federal Government has earmarked N600 billion to enhance farmer access to agricultural financing in the country. Nanono said that about 2.4 million farmers were targeted to benef...
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CGC Strike Force Rakes In N1.1b
June 29, 2020 No Responses

CGC Strike Force Rakes In N1.1b

The Comptroller General of Customs  (CGC) Strike Force Team, Zone A has generated N1.1 billion through the raising of Debit Note, the Assistant Comptroller of the team, Abba Kakudi said on Monday. Kakudi said in Lagos on Monday that the...
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Cutix, Okomu Oil Top Gainers’ Table As Market Capitalisation Records N15b Growth
June 29, 2020 No Responses

Cutix, Okomu Oil Top Gainers’ Table As Market Capitalisation Records N15b Growth

Activities on the Nigerian Stock Exchange (NSE) resumed on Monday for the week on a positive note with key indicators improving by 0.12 per cent. Specifically, the All-Share Index (ASI) increased by 29.87 points, indicating a growth of 0.12 per...
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Airtel Africa, Nestle Top Gainers’ Table As Market Capitalisation Recovers N107b
June 26, 2020 No Responses

Airtel Africa, Nestle Top Gainers’ Table As Market Capitalisation Recovers N107b

After days of bearish trend, transactions rebounded on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation increasing by N107 billion, The market capitalisation closed at N12.952 trillion, compared with N12.845 trillion achieved on Thurs...
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First Bank Empowers Women Through First Gem online Community
June 26, 2020 No Responses

First Bank Empowers Women Through First Gem online Community

First Bank of Nigeria Limited has unveiled all-female online community www.firstgem.com.ng, offers mentoring, support and capacity building opportunities for all to create a new generation of financially literate women. With the aim to increase its engagement...
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Customs Impounds 2,682 Bags Of Rice, 3,122 Live Ammunition, Others
June 25, 2020 No Responses

Customs Impounds 2,682 Bags Of Rice, 3,122 Live Ammunition, Others

The Nigeria Customs Service (NCS), Federal Operating Unit (FOU), Zone C, Owerri, Imo State has confiscated contrabands worth  N442.5 million. NCS Controller in Imo, Mr Kayode Olusemire, made the disclosure while displaying the seized items on Thursday in ...
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Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers
June 25, 2020 No Responses

Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC...
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Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019
June 24, 2020 No Responses

Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019

Nigerian Breweries shareholders have approved N16.1 billion as dividend for the financial year ended December 31, 2019, translating to N2.01 per share.. Chairman of the company,Chief Kola Jamodu in a statement on Wednesday explained that the approval was sec...
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NSE Market Capitalisation Drops Further By N50b
June 24, 2020 No Responses

NSE Market Capitalisation Drops Further By N50b

Weak sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) on Wednesday with the indices extending loses for the fifth consecutive trading session. Consequently, the key performance indices dropped further by 0.38 per cent due to sell-off...
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Delta Seaports To Receive Seven Vessels Laden With Diesel, General Cargoes
June 24, 2020 No Responses

Delta Seaports To Receive Seven Vessels Laden With Diesel, General Cargoes

Seven ships conveying diesel and other items are expected at the Delta Seaports between June 25 and June 30, 2020.  In its daily publication, ‘Shipping Position’, Nigerian Port Authority (NPA) on Wednesday explained that the vessels include MT Tornado...
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NIMASA, NPA Seal Partnership On Wreck Removal
June 23, 2020 No Responses

NIMASA, NPA Seal Partnership On Wreck Removal

The managements of Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Ports Authority (NPA) on Tuesday resolved to work out modalities for effective removal of all wrecks and derelicts that may hinder navigations in Nigerian waters.  &nb...
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FG Tasks Public Servants On Accountability, Transparency
June 23, 2020 No Responses

FG Tasks Public Servants On Accountability, Transparency

The Federal Government has challenged civil servants to be accountable and transparent in their services to the nation. Head of the Civil Service of the Federation (HOCSF), Dr. Folasade Yemi-Esan,  who made the call in a video conference to mark the&...
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Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b
June 23, 2020 No Responses

Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b

The Nigerian Stock Exchange (NSE) on Tuesday extended negative mood with  market capitalisation dropping by N2billion. Specifically, the market capitalisation which opened at N12.913 trillion shed two billion naira or 0.02 per cent to close at N12.911 trilli...
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