Category: Economy

Nigeria Approves $454,000 For Seafarers’ Training
May 20, 2020 No Responses

Nigeria Approves $454,000 For Seafarers’ Training

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved $454,000 for sea-time training for Nigerian Seafarers Development Programme organised by the Nigerian Maritime Administration and safety Agency (NIMASA).  The Minister of Transportation, Mr Rotimi Amaechi,...
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FEC Approves N2.9b Fire Service Equipment For Odukpani Oil, Gas Park
May 20, 2020 No Responses

FEC Approves N2.9b Fire Service Equipment For Odukpani Oil, Gas Park

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N2.9billion for the provision of water and fire service equipment in the National Oil and Gas Park to be sited in Odukpani, Cross River State The...
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NSE Market Capitalisation Sustains Growth By N130b
May 20, 2020 No Responses

NSE Market Capitalisation Sustains Growth By N130b

Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched higher by N130 billion or 1.03 per cent to clo...
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Lagos Seaports To Receive 50 Ships With Petroleum Products, Food Items
May 20, 2020 No Responses

Lagos Seaports To Receive 50 Ships With Petroleum Products, Food Items

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3. The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained...
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Stakeholders Task New SEC D-G On Capital Market Master Plan Implementation
May 19, 2020 No Responses

Stakeholders Task New SEC D-G On Capital Market Master Plan Implementation

Capital market operators on Tuesday advised Mr Lamido Yuguda, nominated as the Director-General, Securities and Exchange Commission (SEC), to prioritise  investor protection and effective implementation of capital market master plan, if confirmed by the Senat...
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Senate Begins Amendment Of Nigeria’s Local Content Law
May 19, 2020 No Responses

Senate Begins Amendment Of Nigeria’s Local Content Law

The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy.    The Nigerian Oil and Gas Industry Content&nbs...
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Zenith General Insurance Declares N3.06b Profit For 2019
May 19, 2020 No Responses

Zenith General Insurance Declares N3.06b Profit For 2019

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn...
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Delta Port To Receive Nine Vessels
May 19, 2020 No Responses

Delta Port To Receive Nine Vessels

The Nigerian Ports Authority (NPA) on Tuesday disclosed that nine vessels are expected to arrive at the Delta Port, Warri, between May 19 and May 30. According to NPA’s daily publication, ‘Shipping Position,’ the ships were laden with Automotive Gasolin...
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Okomu Oil Tops Gainers’ Table As Market Capitalisation Opens Week With N37b Growth
May 18, 2020 No Responses

Okomu Oil Tops Gainers’ Table As Market Capitalisation Opens Week With N37b Growth

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion. Speficially, the market capitalisation which opened at N12.440 trillion rose by N37 billion to close at...
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UBA Upgrades Mobile App, Diaspora Banking, Others
May 18, 2020 No Responses

UBA Upgrades Mobile App, Diaspora Banking, Others

 The United Bank for Africa Plc (UBA), on Monday, upgraded its mobile banking applications with unique and exciting features that would make banking easy for Nigerians. Mr Sampson Aneke, the Group Head, Digital Banking, at an online media parley in...
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PwC Nigeria Rolls Out COVID-19 Intervention Packages
May 14, 2020 No Responses

PwC Nigeria Rolls Out COVID-19 Intervention Packages

PwC Nigeria has deployed  one hundred million-naira (N100m) intervention to support individuals, businesses and government in responding to the impact of the COVID-19 pandemic in Nigeria. A statement sent to City BusinessNews (www.citybusinessnews.co...
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Nigeria Receives 24 Ships With Petroleum Products, Food Items
May 14, 2020 No Responses

Nigeria Receives 24 Ships With Petroleum Products, Food Items

Twenty-Four ships laden with petroleum products, food items and other goods are scheduled to arrive the TinCan Island Port in Nigeria from May 14 to May 30, 2020.  The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained th...
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NSE Market Capitalisation Sustains Growth With N87b
May 14, 2020 No Responses

NSE Market Capitalisation Sustains Growth With N87b

Sentiments in the nation’s bourse remained positive on Thursday following price appreciation in Dangote Cement and 17 other stocks. Consequently, the All-Share Index rose by 183.48 points or 0.77 per cent to close at 23,892.92 compared to 23,709.44 achieved ...
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NLNG Seals EPC Contracts With Saipem, Chiyodu, Daewoo
May 13, 2020 No Responses

NLNG Seals EPC Contracts With Saipem, Chiyodu, Daewoo

  By citybusinessnews@yahoo.com Nigeria LNG Limited (NLNG) has signed the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project with SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo. A statement ...
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