Business News Archives — Page 24 of 48

July 29, 2020 No Responses

Nigeria To Partner AITP On Industrial Revolution

The Federal Government of Nigeria is to partner Academia in Information Technology Profession (AITP) and other stakeholders as part of measures to play active roles in the 4th Industrial Revolution era. The Minister of Communications and Digital Economy, Dr Isa...

July 27, 2020 No Responses

Lagos Implores Farmers On Export Opportunities, e-Commerce

The Lagos State Government is to set up an e-commerce hub for farmers and producers in the state. According to the State Government, the proposed hub is expected to help farmers produce in hygienic condition for export purposes.The State Acting...

July 27, 2020 No Responses

Reps Reiterate Capital Market Growth Commitments

The House of Representatives Committee on Capital Markets and other Institutions has assured the Securities and Exchange Commission (SEC) of its readiness to provide support by way of enabling laws to support the growth of the capital market. The Chairma...

July 25, 2020 No Responses

LNG Prices Steady As Surplus Cargoes Weigh

Asian spot Liquefied Natural Gas (LNG) prices held steady this week, under pressure from surplus cargoes in the region as inventory levels in top importing countries remain full.Some enquiries for winter cargoes could boost prices in coming months, several t...

July 24, 2020 No Responses

Union Tasks Amaechi On Railway Staff Quarter Monetisation

The Nigeria Union of Railway Workers (NUR) has appealed to the Minister of Transportation, Rotimi Amaechi, to find lasting solution to the staff quarter monetisation issue. NUR General Secretary, Mr Segun Esan, explained on Thursday that the minister...

July 23, 2020 No Responses

Nigeria Approves New Policy On Local Production Of Bitumen

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved a new policy on local production of bitumen to further diversify the nation’s economy. The Minister of Works and Housing, Babatunde Fashola, disclosed this ...

July 23, 2020 No Responses

FEC Approves $18.12m, N3.2b For Scanners, Five Patrol Boats

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved contracts for the supply of Scanners and Patrol Boats for the Nigeria Customs Service (NCS) Briefing Journalists after the meeting, the Minister of Finance, B...

July 22, 2020 No Responses

Shippers‘ Council Partners NAICOM On Insurance Cover For Containers

The Nigeria Shippers Council (NSC) in partnership with the National Insurance Commission (NAICOM) is to introduce insurance cover for containers as part of measure to reduce the cost of doing business at the nation’s seaports. Executive Secretary of NS...

July 21, 2020 No Responses

SEC DG: Automation Of Processes Key To Efficiency

The Securities and Exchange Commission, SEC has expressed its desire to automate its processes in a bid to conform to current technological trends the world over as well as ensure a more efficient capital market. Director General of the SEC,...

July 18, 2020 No Responses

Kwara Assures Private School Owners Of Interest-Free Loan

Kwara State Government on Friday promised interest-free loan and grants to private school owners to enable them pay their workers. The State Governor, Rahman AbdulRazaq made the promise in a statement issued by his Chief Press Secretary, Mr Rafiu Ajakaiye....

July 17, 2020 No Responses

Ikeja Hotel, Presco, Others Top Gainers’ Table As Market Capitalisation Recover N105b

The Nigerian Stock Exchange (NSE) on Thursday maintained positive sentiments with the market capitalisation advancing by N105 billion, the biggest gain since June 26. Specifically, the market capitalisation appreciated by N105 billion or 0.83 per ce...

July 15, 2020 No Responses

CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others

The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). In ...

July 15, 2020 No Responses

FirstBank Rewards Verve Card Holders With Free Fuel

First Bank of Nigeria Limited customers using Verve Cards are entitled to extra five (5) litres of fuel for every N3,000 fuel purchased using the card at specified periods. Group Head, Marketing & Corporate Communications of the bank, Mrs Folake...

July 14, 2020 No Responses

CBN Suspends Importation Of Maize

The Central Bank of Nigeria (CBN) has stopped the issuance of forex for the importation of maize into the country. A circular signed by CBN Director of Trade and Exchange Department, O.S. Nnaji, explained on Monday that the dec...