Category: Economy

NPA Renews Engagement With Customs On Deployment of Scanners At Seaports
June 2, 2020 No Responses

NPA Renews Engagement With Customs On Deployment of Scanners At Seaports

       By Moses Ebosele, ebosele@hotmail.com The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has renewed clamour for the deployment of scanners at the nation’s seaport as part of measures to fast track cargo evacuation.  Speaking in an interview...
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UPDC Lists N16b Rights Issue On NSE
June 2, 2020 No Responses

UPDC Lists N16b Rights Issue On NSE

UACN Property Development Company (UPDC) Plc on Tuesday, listed N16 billion rights issue of 15.96 billion ordinary shares at N1 per share on the Nigerian Stock Exchange (NSE). With the listing, the company became yet another beneficiary of the Exchange’s&nbs...
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Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth
June 2, 2020 No Responses

Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth

Transactions in the shares of Nigerian Breweries topped the activity chart on the floor of Nigerian Stock Exchange (NSE) on Tuesday with 50.46 million shares valued at N2.22 billion.  Guaranty Trust Bank followed with 40.45 million shares worth N1.01 bill...
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Nigeria To Empower 77,400 Young Farmers
June 1, 2020 No Responses

Nigeria To Empower 77,400 Young Farmers

The National Agricultural Land Development Authority (NALDA) has announced plans to empower 77,400 young farmers in agricultural business across Nigeria. Addressing Journalists on Monday in Abuja, Executive Secretary of NALDA,Mr Paul Ikonne, explained that the...
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PPPRA Reduces PMS Pump Price To N121.50 Per Litre
June 1, 2020 No Responses

PPPRA Reduces PMS Pump Price To N121.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol to N121.50 per litre from N123.50. The agency disclosed this in a letter to marketers with reference number A.4/9/017/C.2/V/...
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Zenith Bank Emerges Best Bank In Nigeria
June 1, 2020 No Responses

Zenith Bank Emerges Best Bank In Nigeria

Zenith Bank Plc, Nigeria’s leading financial institution, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, which was published in the May 2020 edition of the Global...
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Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth
June 1, 2020 No Responses

Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth

The Nigeria Stock Exchange (NSE) on Monday resumed trading in June on a positive note, with the All- Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15...
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Bua Cement, Flour Mills Top Gainers’ Table As Market Capitalisation Expand Growth By N53b
May 29, 2020 No Responses

Bua Cement, Flour Mills Top Gainers’ Table As Market Capitalisation Expand Growth By N53b

The key performance indicators of the Nigerian Stock Exchange (NSE) closed the last trading day of May with 0.40 per cent growth. Specifically, the market capitalisation on Friday inched higher by N53 billion or 0.40 per cent to close at...
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At UBA Africa Day Conversations, Global Leaders Seek Path To Economic Recovery
May 26, 2020 No Responses

At UBA Africa Day Conversations, Global Leaders Seek Path To Economic Recovery

Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations between governments and the private sector as a panacea for the quick recovery of the economy of the...
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ILO Issues Guidance For Safe Return To Work During COVID-19
May 25, 2020 No Responses

ILO Issues Guidance For Safe Return To Work During COVID-19

Two guidance documents for creating safe and effective return-to-work conditions during the COVID-19  pandemic have been issued by the International Labour Organization (ILO).The Guidance Note  says that return to work policies need to be informed by a h...
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Ecobank Gets Most Innovative Bank In Africa Award
May 25, 2020 No Responses

Ecobank Gets Most Innovative Bank In Africa Award

Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance.   Cat...
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Relocate Dry Dock To Niger Delta, UNDEDSS, PANDEF Urge FG
May 25, 2020 No Responses

Relocate Dry Dock To Niger Delta, UNDEDSS, PANDEF Urge FG

The Pan-Niger Delta Forum (PANDEF) and the United Niger Delta Energy Development Security Strategy (UNDEDSS) have urged the Federal Government to relocate the Mega Dry Dock from Lagos waters to the Niger Delta region.The two organisations stated this at a...
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Chinese Envoy To Nigeria: Develop Creative Industry For Stronger Economy
May 24, 2020 No Responses

Chinese Envoy To Nigeria: Develop Creative Industry For Stronger Economy

A Chinese envoy to Nigeria, Mr Li Xuda, advised the Federal Government on Saturday to focus more on developing the creative industry to fortify Nigeria’s economy. Xuda, who is the Cultural Counsellor of the Embassy of the People’s Republic of...
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CSCS Shareholders Approve N4.3b Dividend For 2019
May 22, 2020 No Responses

CSCS Shareholders Approve N4.3b Dividend For 2019

For the financial year ended December 31, 2019, Shareholders of Central Securities Clearing System (CSCS) Plc, on Friday, approved total dividend of N4.3 billiion. The shareholders gave the approval at the company’s virtual 26th Annual General Meeting (AGM) ...
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