Category: Economy

SEC Canvasses More Stakeholders’ Engagements
August 21, 2020 No Responses

SEC Canvasses More Stakeholders’ Engagements

The Securities and Exchange Commission (SEC) is open to engagements with stakeholders as part of measures to foster new partnerships.  A press statement issued from the first virtual Capital Market Committee Meeting held on Thursday, quoted the Director-General, Lamido A. Yuguda as saying the...
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SEC Nigeria Vows To Flush Out Illegal Operators
August 20, 2020 No Responses

SEC Nigeria Vows To Flush Out Illegal Operators

The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market.   Yuguda said  this in an address delivered at the first Capital...
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NEPZA Commends LADOL’s Agric, Health Free Zone Initiative
August 20, 2020 No Responses

NEPZA Commends LADOL’s Agric, Health Free Zone Initiative

Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has commended LADOL Free Zone.    Speaking during an official tour of the Zone, Prof. Adesugba expressed particular support for LADOL expansion in attract...
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Market Capitalisation Extends Growth By N18b
August 20, 2020 No Responses

Market Capitalisation Extends Growth By N18b

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent.   Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close...
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C&I Leasing To Float N10b Bond
August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure.   Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...
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Shippers’ Council Decries Indiscriminate Charges By Shipping Firms
August 19, 2020 No Responses

Shippers’ Council Decries Indiscriminate Charges By Shipping Firms

The Management of Nigerian Shippers’ Council (NSC) on Wednesday described as ‘unreasonable and unacceptable the indiscriminate’ high surcharges by multinational shipping firms on Nigerian-bound cargoes.   The Executive Secretary of NSC, Mr Hassan Bello,...
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NPA Receives 18 Ships At Lagos Port Complex
August 19, 2020 No Responses

NPA Receives 18 Ships At Lagos Port Complex

Eighteen ships laden with food items and other goods have arrived Lagos Port Complex waiting to berth.   According to Nigerian Ports Authority (NPA) publication, `Shipping Position’, the ships are carrying containers, general cargo and gypsum.   NPA ex...
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Lagos Empowers 800 Rice Farmers
August 18, 2020 No Responses

Lagos Empowers 800 Rice Farmers

The Lagos State Government ( LASG) has empowered no fewer than 800 rice farmers in the state with preferred high yielding Farrow 44 seeds, new high quality knapsack sprayers, rain boots and farm coats. The State Acting Commissioner for Agriculture,...
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Market Capitalisation Recovers N2b
August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks.   Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...
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Dollars Scarcity Worsens, Naira Drop To N480
August 18, 2020 No Responses

Dollars Scarcity Worsens, Naira Drop To N480

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar.   The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively.   Trading...
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COVID-19 May Claim 400,000 Shipping Industry Jobs
August 18, 2020 No Responses

COVID-19 May Claim 400,000 Shipping Industry Jobs

The shipping industry could lose up to 40,000 jobs as more than 50% of the people in shipping lines work from home now due to the coronavirus pandemic, Lars Jensen, CEO, SeaIntelligence Consulting believes.   “COVID-19 has proven that our...
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NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties
August 17, 2020 No Responses

NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for closer ties between Nigeria and Indonesia, especially in the area of agribusiness technology.   The National President, NACCIMA,Hajiya Saratu Iya Aliyu,...
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Market Capitalisation Records N35b Loss
August 17, 2020 No Responses

Market Capitalisation Records N35b Loss

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments.   Market capitalwithion, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close...
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Hassan Bello: Rail Remains Game Changer For Nigeria’s Economy
August 16, 2020 No Responses

Hassan Bello: Rail Remains Game Changer For Nigeria’s Economy

Rail transport remains game changer for Nigeria’s economy and future, Executive Secretary of Nigerian Shippers’ Council (NSC ), Hassan Bello, has said      Speaking on the sideline during  the inspection tour of the Lagos-Ibadan rail project ...
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