Business News Archives — Page 38 of 48

February 25, 2020 No Responses

NSE Market Capitalisation Records N181b Loss

Activities on the nation’s bourse opened for the week on Monday still on a negative outlook with the market capitalisation shedding N181 billion. Speficially, the market capitalisation following free fall of stocks, lost N181 billion or 1.27 per cent to...

February 25, 2020 No Responses

Nigeria To Introduce Incentives To Boost Capital Market

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, on Monday said the Federal Government of Nigeria will further introduce incentives to boost investments in the nation’s capital market. Ahmed gave the assurance during a visit to the Nigeria...

February 24, 2020 No Responses

SEC Nigeria Assures Dantata Subscribers Of Claims Settlement

The Securities and Exchange Commission (SEC) has assured subscribers of the defunct Dantata Success and Profitable Company (DSPC) that it is discussing with all parties with a view to settling their claims. A statement by Mrs Efe Ebelo, Head, Corporate...

February 22, 2020 No Responses

CBN Lifts Retail Secondary Market With $292.34m

The Central Bank of Nigeria (CBN) has injected the sum of $292.34m dollars into the retail Secondary Market Intervention Sales (SMIS). CBN Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement in Abuja on Friday. Okorafor explain...

February 22, 2020 No Responses

Ecobank Nigeria To Host Regional Trade Forum

All is set for Ecobank Nigeria’s 2020 Regional Trade Forum in Lagos. The forum taking place in March, will be a two-day event, providing the opportunity for exporters and importers within the African region to exhibit their products in a...

February 22, 2020 No Responses

IMO Tasks Member States On Unnecessary Delays At Seaports

The International Maritime Organization (IMO) has sent a letter to its member states amid the outbreak of the novel coronavirus asking them to undertake all possible measures to prevent unnecessary delays of ships. The IMO urged state authorities and control.....

February 22, 2020 No Responses

Chinese Car Sales Drop 92 Per Cent

Chinese sales of passenger cars collapsed 92 per cent on an annual basis in the first 16 days of February as the coronavirus outbreak halted business output across the country. According to China Passenger Car Association (CPCA), only 4,909 vehicles...

February 21, 2020 No Responses

Coronavirus: Airlines To Lose $30b

Airlines stand to lose $29.3bn (£23.7bn) of revenue this year due to the coronavirus outbreak, the global airline industry body has warned. The International Air Transport Association (IATA) predicts demand for air travel will fall for the first time in...

February 21, 2020 No Responses

Maersk Declares $ 5.7b Earnings For 2019, Projects 2020 Outlook

Despite weak market conditions and slow container growth of 1.4 percent, Danish shipping heavyweight, A.P. Moller – Maersk managed to improve earnings and free cash flow in 2019. The company’s earnings before interest, tax, depreciation, and amortization (...

February 21, 2020 No Responses

NPA’s Eunice Ezeoke Emerges WISTA Nigeria President

Mrs Eunice Ezeoke, Assistant General Manager, Tariff and Billing, Nigerian Ports Authority (NPA), has been elected the new President of the Women International Shipping and Trading Association (WISTA) Nigeria. Ezeoke was elected during the 2020 WIS...

February 20, 2020 No Responses

NIPOST, NCC To Seal MoU On e-Services

The Nigerian Communications Commission (NCC) and the Nigerian Postal Service (NIPOST) have agreed to sign a Memorandum of Understanding (MOU) on an e-fulfillment centre for e-services, e-commerce, e-governance and e-agriculture. The two organisations agreed on...

February 20, 2020 No Responses

Customs Intercepts 3,593 kg of Marijuana

The Kwara Command of the Nigeria Customs Service has intercepted and seized 3,593 kgs of cannabis sativa (marijiana) along Bukuro, Baruten Local Government Area of Kwara state. The Area Controller of Customs in the state, Husseini Ahmed, made the disclosure...

February 18, 2020 No Responses

Coronavirus Triggers Boom In Private Jet

Private jet operators have seen a big spike in requests from passengers wanting to charter their own planes during the coronavirus outbreak. With airlines scaling back flights in and out of China, some travellers are stuck inside or outside the...

February 18, 2020 No Responses

Rice Farmers In Kano Seek More Earth Dams

The Rice Farmers Association of Nigeria (RIFAN) Kano State chapter, has called on Governor Abdullahi Ganduje to construct more earth dams to boost irrigation activities across the 44 Local Government Areas of the state. The Secretary, Alhaji Ado Hassan, made.....