Category: Economy

Senate Probes BPE Over Non-Performance Of Paper Mills
June 9, 2020 No Responses

Senate Probes BPE Over Non-Performance Of Paper Mills

The Senate has mandated its Committee on Privatization to investigate the operations and non-performance of paper mills sold by the Bureau of Public Enterprises to private interests.  This was just as the Upper Chamber rejected a call on the Federal...
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BUA Cement lifts NSE As Market Capitalisation Retains N45b
June 9, 2020 No Responses

BUA Cement lifts NSE As Market Capitalisation Retains N45b

The Nigerian Stock Exchange (NSE) key market indices improved further by 0.34 per cent on Tuesday due to sustained interest in BUA Cement. Speficially, the All-Share Index which opened at 25,249.96, rose by 85.19 points or 0.34 per cent to...
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MTN Nigeria Explains Completion Of N100b Commercial Paper
June 9, 2020 No Responses

MTN Nigeria Explains Completion Of N100b Commercial Paper

MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes. MTNN stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by...
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Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail
June 8, 2020 No Responses

Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail

The Nigerian Shippers’ Council (NSC) is to supervise Standard Operating Procedure (SOP) of cargo evacuation between the Nigerian Railway Corporation (NRC) and the APM Terminal. Speaking on Monday at the resumed evacuation of cargoes by rail in Lagos, Mrs Ife...
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Airtel Africa Celebrates 10 Years Milestone With 110m Customers
June 8, 2020 No Responses

Airtel Africa Celebrates 10 Years Milestone With 110m Customers

Airtel Africa, a telecommunications provider in 14 countries across sub-Saharan Africa, celebrates its 10-year anniversary in June, the company said in a statement on Monday.The company said in the statement that over the past decade it had supported social tr...
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UNCTAD Appoints Dona Bertarelli Special Adviser For Blue Economy
June 5, 2020 No Responses

UNCTAD Appoints Dona Bertarelli Special Adviser For Blue Economy

Dona Bertarelli, the fastest woman to sail around the world, philanthropist, ocean conservation advocate and entrepreneur, has been named theUNCTAD Special Adviser for the Blue Economy. Ms. Bertarelli will help UNCTAD promote a sustainable blue economy, partic...
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Profit Taking: NSE Slides Further By N155b
June 5, 2020 No Responses

Profit Taking: NSE Slides Further By N155b

Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalisation dipped N155 billion or 1.17 per cent to close at N13.049 trillion compared with N13.2...
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UBA Rewards 100 More Customers With N100,000 Each
June 5, 2020 No Responses

UBA Rewards 100 More Customers With N100,000 Each

United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. A statement sent to City Business News (www.citybusinessnews.com) on Friday explained that the 100 customers...
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NSE Succumbs To Profit Taking, Loses N50b
June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 poste...
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FBNQuest Educates Nigerians on estate planning, wealth transfer
June 4, 2020 No Responses

FBNQuest Educates Nigerians on estate planning, wealth transfer

FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is offering expert guidance on estate planning as an important requirement for successful wealth transfer. In a statement on Thursday, Mr Adekunle Awojobi, FBNQuest Managing Director, explained that through ...
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NPA To Receive 17 Ships With Petroleum Products, Wheat, Frozen Fish, Others
June 4, 2020 No Responses

NPA To Receive 17 Ships With Petroleum Products, Wheat, Frozen Fish, Others

The Nigerian Ports Authority (NPA) is expecting 17 ships laden with petroleum products, food items and other goods. NPA explained on Thursday through its publication, Shipping Position, that the ships are expected to arrive at the Lagos Ports between June...
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FEC Approves Refunds of N148b To Rivers, Ondo, Bayelsa, Others
June 3, 2020 No Responses

FEC Approves Refunds of N148b To Rivers, Ondo, Bayelsa, Others

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved refund of N148billion expended on federal roads by Rivers, Cross River, Ondo, Bayelsa  and Osun states. The Minister of Information and Culture, Alhaji Lai M...
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Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift
June 3, 2020 No Responses

Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift

The Nigerian Content Development and Monitoring Board (NCDMB), has waded into the N970 million dispute between the Nigeria Liquefied Natural Gas (NLNG), and a Nigerian company, Macobarb International.News Agency of Nigeria (NAN) gathered that the N970 million ...
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Customs Impounds N253m Smuggled Items
June 3, 2020 No Responses

Customs Impounds N253m Smuggled Items

The Nigeria Customs Service (NCS) in Kebbi State confiscated various smuggled items valued at N253 million betweem February and May, 2020. The Kebbi Area Comptroller of Customs, Yusuf Garba, made the disclosure at a press briefing in Birnin Kebbi on...
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