Category: Economy

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 also...
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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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SEC Nigeria To Investors: Explore Opportunities In Capital Market
May 5, 2020 No Responses

SEC Nigeria To Investors: Explore Opportunities In Capital Market

As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General...
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16 Seafarers Kidnapped In Lagos, Gabon
May 4, 2020 No Responses

16 Seafarers Kidnapped In Lagos, Gabon

Over the past five days, a total of 16 seafarers were kidnapped by pirates off the coast of West Africa, marking a continuation of rampant pirate activity in the region. Ten mariners were kidnapped in an attack reported by Dryad...
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Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown
May 4, 2020 No Responses

Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown

Mutual Benefits Assurance Plc on Monday said it had paid claims of over N399 million to  customers across its businesses amidst COVID-19 lockdown. The company made the disclosure in Lagos  in a statement by Ellen Offo, its Head of Corporate...
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Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend
May 4, 2020 No Responses

Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend

Fidelity Bank says it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during the period of COVID-19. The bank, in a statement on Monday, said its Chairman, Mr Ernest Ebi, gave the...
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Ecobank Pledges Improved Customer Satisfaction
May 4, 2020 No Responses

Ecobank Pledges Improved Customer Satisfaction

Group Chief Executive Officer of Ecobank Bank Transnational Incorporated, Mr. Ade Ayeyemi, has said the focus of the bank is on making sure that it meets the needs of customers despite the pandemic, while also ensuring their wellbeing and safety...
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Nigeria Orders Release Of 17,500mt Of Grains From Food Reserve
May 2, 2020 No Responses

Nigeria Orders Release Of 17,500mt Of Grains From Food Reserve

The Federal Government has directed the release of about 17,500 metric tonnes of assorted grains from Yola National Food Reserve site for distribution as palliatives to Nigerians.Mr Haruna Sulaiman, Director, National Food and Strategic Reserve said this while...
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Apapa Freight Shuttles Top Priority As NRC Resumes Monday
May 2, 2020 No Responses

Apapa Freight Shuttles Top Priority As NRC Resumes Monday

The Mass Transit Train Services (MTTS) in Lagos State will not resume yet in spite of the gradual easing of COVID-19 lockdown in the state, the Nigerian Railway Corporation (NRC) disclosed on Saturday.  The Lagos Railway District Manager, Mr Jerry...
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COVID- 19: Withdraw Old Naira Notes, Group Tells CBN
May 2, 2020 No Responses

COVID- 19: Withdraw Old Naira Notes, Group Tells CBN

The Association of Progressive Nigerians has appealed to the Central Bank of Nigeria (CBN) to withdraw old and tattered naira notes from circulation as the country is battling COVID- 19 pandemic. The group made the appeal in a statement it...
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