Category: Economy

Zenith Bank Declares N200b Profit After Tax
February 21, 2020 No Responses

Zenith Bank Declares N200b Profit After Tax

For the year ended December 31st, 2019, Zenith Bank Plc on Friday announced profit after tax (PAT) of N208.8 billion, “achieving the feat as the first Nigerian Bank to cross the N200 billion mark”.According to the bank’s audited financial results...
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First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja
February 21, 2020 No Responses

First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja

In recognition of the significant role Small and Medium Enterprise (SMEs) play in achieving sustainable growth and development in the economy of the country, First Bank of Nigeria Limited has concluded plans to host second edition of SMEs  Business Clinic...
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SON Implores Firms On Global Competitiveness
February 19, 2020 No Responses

SON Implores Firms On Global Competitiveness

The Standard Organisation of Nigeria (SON) has called on Nigerian manufacturers to maintain high standard quality of their products to boost consumers’ confidence and position themselves for global competitiveness.The Director-General of SON, Mr Osita Abolom...
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NSE Market Capitalisation Drops Further By N9b
February 19, 2020 No Responses

NSE Market Capitalisation Drops Further By N9b

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday depreciated further by N9 billion, amid profit taking.Specifically, the market capitalisation, which opened at N14.347 trillion lost N9 billion to close at N14.338 trillion.Also, the A...
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Market Capitalisation Drops Further By N12b
February 18, 2020 No Responses

Market Capitalisation Drops Further By N12b

The bears continued to dominate the domestic equities market on Tuesday, as the Nigerian Stock Exchange (NSE)’s All-Share Index dropped further by 0.08 per cent.The News Agency of Nigeria (NAN) reports that the index lost 23.38 points or 0.08 per...
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CBN Seeks Land For Nestle, WAMCO, L&Z To Build Dairy Factories In FCT
February 17, 2020 No Responses

CBN Seeks Land For Nestle, WAMCO, L&Z To Build Dairy Factories In FCT

The Central Bank of Nigeria (CBN) has appealed to Federal Capital Territory Administration to allocate land to some companies to build dairy factories, in furtherance of its policy to develop the nation’s economy.The CBN Governor, Mr Godwin Emefiele, made th...
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NSE Records N96b loss
February 17, 2020 No Responses

NSE Records N96b loss

Transactions on the floor of Nigeria Stock Exchange (NSE) opened the week on Monday still on a negative mood as sell-off in high capitalised stocks dragged the All-Share Index (ASI) further down by 0.67 per cent.Specifically, the All-Share Index dipped...
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At Ecobank Agric Summit, FG Reiterates Support For Agro-Industrial Processing Zones
February 13, 2020 No Responses

At Ecobank Agric Summit, FG Reiterates Support For Agro-Industrial Processing Zones

Nigeria’s Minister of State for Agriculture, Mr Mustapha Shehuri, on Thursday in Lagos, pledged the commitment of the Federal Government to support and promote Special Agro-Industrial Processing Zones (SAPZs).Speaking at the maiden edition of the Ecobank’ ...
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NSC Joins NISER Joint Action Committee
February 13, 2020 No Responses

NSC Joins NISER Joint Action Committee

The Nigerian Institute of Social & Economic Research (NISER) has included Nigerian Shippers’ Council (NSC) in its Joint Action Committee to aid information gathering on research -based matters relating to the Council’s regulatory role.NISER made this k...
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Kurfi Projects Double Digit Growth For Nigerian Stock Market In 2020
February 12, 2020 No Responses

Kurfi Projects Double Digit Growth For Nigerian Stock Market In 2020

Seasoned capital market operator, Malam Garba Kurfi, on Wednesday expressed optimism that the Nigerian equities market would witness double digit growth in 2020.Kurfi, the Managing Director, APT Securities and Funds Ltd., stated this at the Capital Market Corr...
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Milk Importation: CBN Clears Nestle, Promasidor, Four Others
February 11, 2020 No Responses

Milk Importation: CBN Clears Nestle, Promasidor, Four Others

The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives.The CBN made this known in a circular issued by the Director, Trade and Exchange Department, Dr....
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SON Seals 13 Steel Firms In Lagos, Ogun, Abia, Others
February 10, 2020 No Responses

SON Seals 13 Steel Firms In Lagos, Ogun, Abia, Others

The Standards Organisation of Nigeria (SON) has sealed 13 steel factories across the nation for standards infractions.The SON task force on steel Chairman, Mr Enebi Onucheyo disclosed this on Monday while speaking with Journalists in Lagos.Onucheyo, said the c...
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Zenith Bank Projects Women Empowerment With Z-Women
February 10, 2020 No Responses

Zenith Bank Projects Women Empowerment With Z-Women

Zenith Bank Plc has introduced a new product, Z-Woman, which is focused on empowering female business owners.Z-Woman account holders stand a chance to enjoy loans of up to N10 million at a single-digit interest rate, free digital skills training, and...
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Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB
February 10, 2020 No Responses

Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019...
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