Category: Economy

Senate: Reopening Of Airports On June 21 Unrealistic
June 18, 2020 No Responses

Senate: Reopening Of Airports On June 21 Unrealistic

The Senate on Thursday, via its Committee on Aviation, said re-opening of the  nation’s airports for operation on June 21 was unrealistic, following concerns raised by workers in the aviation industry. Chairman of the Committee, Sen. Smart Adeyemi (APC Kogi), gave...
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Wet Season: CBN To Empower 1.1m Farmers With N432b Loans
June 18, 2020 No Responses

Wet Season: CBN To Empower 1.1m Farmers With N432b Loans

The Central Bank of Nigeria (CBN) has concluded plan to fund the value chains of nine commodities to the tune of N432 billion in the 2020 wet season. Mr Yila Yusuf, the Director, Development Finance Department of the CBN, disclosed...
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NPA Boss Inaugurates Emergency Response Team
June 18, 2020 No Responses

NPA Boss Inaugurates Emergency Response Team

The Management of Nigerian Ports Authority (NPA) has inaugurated an eleven (11) Member Emergency Response Team at it’s Corporate Headquarters, Marina, Lagos. According to NPA, the team would be strategic and respond immediately in case of emergencies at the ...
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Nestle, Cadbury, Flour Mills Top Gainers’ Table As Market Capitalisation Recovers N22billion
June 17, 2020 No Responses

Nestle, Cadbury, Flour Mills Top Gainers’ Table As Market Capitalisation Recovers N22billion

The Nigerian Stock Exchange (NSE) rebounded on Wednesday by 0.17 per cent amid renewed bargain hunting after two consecutive days of downward trend. Specifically, the All-Share Index increased by 42.01 points to close at 24,972.89 compared with 24,930.88 achie...
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NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari
June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...
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Nigeria To Unveil Single Window Project, Deploy Scanners At Seaports
June 17, 2020 No Responses

Nigeria To Unveil Single Window Project, Deploy Scanners At Seaports

As part of measures to curtail importation of fake and substandard products into the country in line with established protocols, plans are underway to operationalise the National Single Window project as well as deploy scanners at the nation’s seaports befor...
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BUA Threatens Dangote Group With Contempt Of Court
June 17, 2020 No Responses

BUA Threatens Dangote Group With Contempt Of Court

BUA Group on Wednesday threatened to initiate contempt of court proceedings against Dangote in three days, if it fails to remove the excavators and trenches used in barricading the entrance of Obu Mines. The BUA Group, in a statement in...
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The World Must Continue To Fight Corruption, Says Commonwealth Scribe
June 17, 2020 No Responses

The World Must Continue To Fight Corruption, Says Commonwealth Scribe

Countries’ response to Covid-19, their long-term development and the meeting of the Sustainable Development Goals (SDGs) are all threatened by the “invisible infection” of corruption, the Commonwealth Secretary-General, Patricia Scotland, has warned...
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Labour, NECA Seal MoU To Boost Productivity, Protect Jobs In Nigeria
June 15, 2020 No Responses

Labour, NECA Seal MoU To Boost Productivity, Protect Jobs In Nigeria

Organised Labour and the Nigeria Employers Consultative Association (NECA), have signed a Memorandum of Understanding (MOU), toward boosting productivity, prevent jobs loses, promote health and preserve means of livelihoods of all citizens.The MOU was signed b...
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NSE Market Capitalisation Records N119b Loss
June 15, 2020 No Responses

NSE Market Capitalisation Records N119b Loss

Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips. Speficially, the All-Share Index which opened the week at 25,182.67 lost 228.35 points or 0.91 per...
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National Assembly Raises Revised 2020 Budget To N10.810trillion
June 11, 2020 No Responses

National Assembly Raises Revised 2020 Budget To N10.810trillion

The two  Chambers of the National Assembly on Thursday, raised the N10.509 trillion budget proposed by the executive as revised budget for 2020 fiscal year by N301billion, passing N10.810 trillion as aggregate expenditure for the 2020 revised budget. The ...
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Polaris Agency Banking, SurePadi Records N10b Transactions
June 11, 2020 No Responses

Polaris Agency Banking, SurePadi Records N10b Transactions

Within its first 100 days of introduction, Polaris Bank’s Agency Banking initiative, SurePadi, has serviced over half a million customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide.  &nbsp...
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Customs Reduces Physical Examination Of Cargoes At Seaports
June 11, 2020 No Responses

Customs Reduces Physical Examination Of Cargoes At Seaports

The Nigeria Customs Service (NCS) on Thursday announced the reduction in the number of physical examination of cargoes at the ports. The Deputy Comptroller of Customs, Anthony Anyalogu, explained that it was part of measures to ensure physical distancing and.....
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CBN To Support 70, 000 Maize Farmers In 2020
June 11, 2020 No Responses

CBN To Support 70, 000 Maize Farmers In 2020

The Central Bank of Nigeria (CBN) is to support 70,000 maize farmers under its Anchor Borrowers Programme, during the 2020 wet farming season. Head, Development Finance Office, CBN, Mr Nuhu Muazu, reiterated the development on Thursday  in Abuja duri...
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