Category: Economy

Nigeria Probes Alleged Abuse Of Nigerians In China
April 27, 2020 No Responses

Nigeria Probes Alleged Abuse Of Nigerians In China

The Nigerian Government has launched an investigations into the alleged abuse and maltreatment of Nigerians in China since the outbreak of the dreaded Coronavirus (Covid-19) pandemic.There have been a wave of outcry over the alleged attacks and abuse of Nigerians...
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Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1
April 23, 2020 No Responses

Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1

The Board of Directors of Nigerian Breweries has announced a revenue of N83.2 billion for the first quarter ended March 31.The revenue represented a decrease of 0.09 per cent when compared with N83.3 billion achieved in the corresponding period of...
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Board: 2,000 Seafarers Under NSDP Awaiting Sea Time
April 23, 2020 No Responses

Board: 2,000 Seafarers Under NSDP Awaiting Sea Time

The National Seafarers Welfare Board (Nigeria) says two thousand seafarers, under the National Seafarers Development Programme (NSDP), are still waiting for sea time.The board Chairman, Mr Kunle Folarin, made this known on Thursday on an Instagram Live program...
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Palm Oil Production: Group Seeks More Investment In Nigeria
April 23, 2020 No Responses

Palm Oil Production: Group Seeks More Investment In Nigeria

A Non-Governmental Organisation (NGO), Solidaridad West Africa has urged all tiers of government and the private sector to invest more on palm oil production to  increase contribution of the agriculture sector to Nigeria’s GDP growth.A statement issued ...
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How To Tackle Food Insecurity, By Kaduna State
April 22, 2020 No Responses

How To Tackle Food Insecurity, By Kaduna State

The Kaduna State Government on Wednesday said food insecurity looms without collaboration against bandits attacking rural communities in the state.  The government said information sharing with security agencies will ensure prompt response in tackling ban...
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Shippers Council Implores Haulage Operators On Reduced Freight Rates At Seaports
April 22, 2020 No Responses

Shippers Council Implores Haulage Operators On Reduced Freight Rates At Seaports

Nigerian Shippers Council (NSC) has urged haulage operators to reduce the freight rates to decongest the nation’s seaports amid COVID-19 pandemic. The Executive Secretary, Mr Hassan Bello made the appeal at a meeting with truck owners under the aegis of...
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How To Tackle Food Insecurity, By Kaduna State
April 22, 2020 No Responses

How To Tackle Food Insecurity, By Kaduna State

The Kaduna State Government on Wednesday said food insecurity looms without collaboration against bandits attacking rural communities in the state.  The government said information sharing with security agencies will ensure prompt response in tackling ban...
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COVID-19: Capital Market Support Committee To Raise N1b
April 21, 2020 No Responses

COVID-19: Capital Market Support Committee To Raise N1b

In a bid to support the fight against COVID-19 and its impact on the Nigerian economy, the capital market community has launched an initiative with the aim of raising N1bn within the shortest possible time.  This was stated by the...
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Coca-Cola Projects 25 Per Cent Drop In Sales
April 21, 2020 No Responses

Coca-Cola Projects 25 Per Cent Drop In Sales

Coca-Cola saw sales volumes of its soft drinks decline by a quarter so far in April, as people stay home to help stem the contagion of the new coronavirus. Consumers appear to have stocked up on drinks to consume at...
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FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1
April 20, 2020 No Responses

FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1

By citybusinessnews@yahoo.com For the First Quarter ended March 31st, 2020,  FBN Holdings attained  Customer Deposits of ₦4.3 trillion, up 6.7%  when compared to the ₦4.0 trillion recorded in December 2019.   In...
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DiamondXtra: Access Bank To Reward Customers
April 20, 2020 No Responses

DiamondXtra: Access Bank To Reward Customers

Access Bank Plc is set to splash millions of Naira on lucky customers who will emerge winners in the forthcomingDiamondXtra monthly draw scheduled to take place on Wednesday, May 13, 2020.  According to Adaeze Ume, Group Head, Retail Products and Seg...
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Market Indicators Resume Week With 0.01% Loss
April 20, 2020 No Responses

Market Indicators Resume Week With 0.01% Loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent. Speficially, the All-Share Index lost 1.18 points or 0.01 per cent to close at 22,920.41 from the 22,921.59 achieved...
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Food Scarcity Looms In Nigeria
April 19, 2020 No Responses

Food Scarcity Looms In Nigeria

An agriculture expert, Alhaji Ahmed Inusa-Adamu, has warned against impending food scarcity in Nigeria  as a result of low production of farm produce.   Inusa-Adamu has also advised the the Federal Government to take proactive measures and ensure tha...
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Shippers’ Council Suspends Demurrage Charges
April 17, 2020 No Responses

Shippers’ Council Suspends Demurrage Charges

The Nigerian Shippers’ Council (NSC) on Friday directed shipping companies to suspend demurrage charges during the period of COVID-19 lockdown. In a statement issued on Friday, the management of NSE explained that the suspension applies to cargo that is disc...
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