Category: Economy

Emefiele Assures Investors On Forex Repatriation
May 11, 2020 No Responses

Emefiele Assures Investors On Forex Repatriation

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. The CBN’s Director, Corporate Communications Department, Mr Isaac...
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Stallion Group Partners Morsun Mobile Clinics On Free Medical Treatment In Lagos
May 11, 2020 No Responses

Stallion Group Partners Morsun Mobile Clinics On Free Medical Treatment In Lagos

By citybusinessnews@yahoo.com Stallion Empowerment Initiative (SEI), the charity arm of Stallion group has sealed partnership with Morsun Mobile Clinic to offer free medical consultations and drugs to Lagos State residents.  A statement issued at the...
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Balogun Retires From Lafarge Africa As Chairman
May 8, 2020 No Responses

Balogun Retires From Lafarge Africa As Chairman

Lafarge Africa on Friday announced the retirement of Mr Mobolaji Balogun as the chairman of the company effective June 4. The company said this in a statement by Mrs Folashade Ambrose-Medebem, Director, Communications, Public Affairs and Sustainable Developmen...
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COVID-19: SIFAX Group Boss Lists Recovery Strategies For Businesses
May 8, 2020 No Responses

COVID-19: SIFAX Group Boss Lists Recovery Strategies For Businesses

In order for businesses to survive the current economic crunch as a result of the COVID-19 pandemic, a comprehensive review of business processes and operations as well as willingness to adapt to new realities will be key. According to Mr....
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NSE Ranks Second In Bloomberg’s Best Performing Indexes
May 8, 2020 No Responses

NSE Ranks Second In Bloomberg’s Best Performing Indexes

Despite  the global Coronavirus (COVID-19) pandemic,the Nigerian Stock Exchange (NSE) has continued to enjoy significantly rallies in recent weeks.  As the Exchange sustains remote trading, free flow of information and vibrant market activity, the index ha...
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NSE Boosts Fight Against Coronavirus With N100m
May 7, 2020 No Responses

NSE Boosts Fight Against Coronavirus With N100m

The Nigerian Stock Exchange (NSE) has committed the sum of N100 million to support the fight against coronavirus pandemic in the country. The exchange explained in a statement on Thursday that N60 million out of the N100 million would be...
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UNECA: Africa Will Lose $65b To Full Lockdown
May 7, 2020 No Responses

UNECA: Africa Will Lose $65b To Full Lockdown

Mr Stephen Karingi, Director, Regional Trade and Integration, United Nations Economic Commission for Africa (UNECA), says African economy will lose 65 billion dollars if there is a full lockdown of the continent due to COVID-19.Karingi said this during the Wor...
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Market Capitalisation Gains N110b
May 7, 2020 No Responses

Market Capitalisation Gains N110b

Activities on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement. Consequently, the market capitalisation which opened at N12.582 trillion ...
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Ecobank Nigeria Opens More Branches, Urges Customers To Obey COVID-19 Rules
May 7, 2020 No Responses

Ecobank Nigeria Opens More Branches, Urges Customers To Obey COVID-19 Rules

Ecobank Nigeria has encouraged its customers to obey COVID-19 rules,  emphasizing the importance of social distancing to check the spread of the Coronavirus, especially when visiting the branches. The bank which gave this advice in a mail to customers als...
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Market Capitalisation Sustains Growth, Retains N167b
May 6, 2020 No Responses

Market Capitalisation Sustains Growth, Retains N167b

The Nigerian stock market on Wednesday extended its positive sentiment rally with the market indices appreciating by 1.40 per cent. Specifically, the All-Share Index (ASI) increased by 334.06 points, representing a growth of 1.40 per cent to close at 24,143.37...
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WISTA Canvasses Support For Seafarers
May 6, 2020 No Responses

WISTA Canvasses Support For Seafarers

The Women’s International Shipping and Trading Association, on Wednesday announced  new initiative aimed at seafarers.  Under the arrangement, WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to off...
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Union Bank Shareholders Laud 2019 Performance, Okay 25k Dividend
May 5, 2020 No Responses

Union Bank Shareholders Laud 2019 Performance, Okay 25k Dividend

Shareholders of Union Bank of Nigeria (UBN) Plc have commended the board and management for enhanced profitability achieved in 2019 financial year. The bank, in a statement, said the shareholders gave the commendation at its first ever virtual Annual General.....
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NSE’s Market Capitalisation Recovers N375b
May 5, 2020 No Responses

NSE’s Market Capitalisation Recovers N375b

The capitalisation of the Nigerian Stock Exchange (NSE),  rose by N375 billion in six hours of trading, amid price appreciation recorded by some blue chips. Specifically, the market capitalisation which opened at N12.033 trillion, rose by N375 billio...
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NIS Generates N62.6b, $41.832m In 2019
May 5, 2020 No Responses

NIS Generates N62.6b, $41.832m In 2019

For the year 2019, the Nigeria Immigration Service (NIS) generated over N62.6 billion and $41.83 million. The Comptroller General, NIS, Mr Muhammad Babandede said this at the public presentation of the fourth edition of NIS annual report since the commenc...
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