Business News Archives — Page 41 of 48

February 3, 2020 No Responses

How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said. To reverse the trend, Fourier has called for adequate liquidity through greater integration....

February 3, 2020 No Responses

Seaports’ Infrastructure Takes Centre Stage As Hassan Bello Briefs IMF Team

By Moses Ebosele, ebosele@gotmail.com — All hands are on deck to improve state of infrastructure at Nigerian Seaports, the Executive Secretary and Chief Executive Officer of Nigerian Shippers Council (NSC), Hassan Bello, has said. Briefing a deleg...

February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...

February 2, 2020 No Responses

Nigeria Proposes 10, 000 Tractors For Farmers

The Federal Government has concluded plans to distribute over 10, 000 tractors and inputs to farmers in the 774 Local Government Areas. The Minister of Agriculture, Sabo Nanono, made the disclosure when he paid a courtesy visit to the Emir...

February 2, 2020 No Responses

FG To Revamp Abandoned Fishing Terminals

The Federal Government has promised to reactivate the abandoned fishing terminals in Akwa Ibom to complement its drive for the non-oil economy as well as create employment for the teeming youth. The Senior Special Assistant to the President o...

February 2, 2020 No Responses

Nigeria Deploys N220b To Strengthen Basic Education

The Federal Government has donated a total of N220 billion to endemic states to strengthen basic education and tackle the out-of-school children phenomenon, according to Mr Chukwuemeka Nwajiuba, Minister of State (Education). Nwajiuba disclosed this on Saturda...

February 1, 2020 No Responses

Unity Bank To Pay N10m Damages

An Ondo State High Court sitting in Akure, on Friday, ruled in favour of Denki Wire and Cable Nigeria Limited, saying it could not be indebted to the tune of N51 million to Unity Bank Plc. The News Agency of...

February 1, 2020 No Responses

UBA Revamps NextGen Account

United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits. A statement issued on Friday explained that NextGen is....

February 1, 2020 No Responses

Corruption: Airbus To Pay €1billion

Airbus will pay nearly €1bn (£840m) to settle corruption cases with UK authorities. The deal follows a lengthy investigation by the Serious Fraud Office (SFO) into the aircraft maker’s use of middlemen to secure plane deals. The settlement is part...

January 31, 2020 No Responses

Market Capitalisation Drops By N41b

Transactions on the Nigerian Stock Exchange(NSE) on Thursday maintained downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent. The News Agency of Nigeria (NAN) reports that the market capi...

January 31, 2020 No Responses

Navy Impounds 2,053 Bags Of Rice

The Forward Operating Base (FOB) of the Nigerian Navy in Ibaka, Mbo Local Government Area of Akwa Ibom, has arrested 13 suspects and seized 2,053 bags of smuggled rice in Akwa Ibom. The Commanding Officer of the FOB, Cpt. Peter...

January 31, 2020 No Responses

Kano Spends N500m To Train 200 Auto Mechanics‎

The Kano State Government said it had spent N500 million on training and empowerment of 200 youths as mechanics, panel beaters and welders at the Peugeot Automobile and Nigeria Training Centre, Kaduna. Governor Abdullahi Ganduje disclosed this on Thursday duri...

January 30, 2020 No Responses

DBN Disburses N133b To MSME’s In 18 months

In the last 18 months, Development Bank of Nigeria (DBN) disbursed a total of N133 billion to Micro, Small and Medium Enterprises (MSMEs) operators across the country. The DBN Managing Director, Mr Tony Okpanachi, disclosed this at the ongoing Nigerian...

January 30, 2020 No Responses

Nigeria, India Sign MoU On Sugar Institute

The National Sugar Institute (NSI) of India and the National Sugar Development Council (NSDC), on Wednesday signed an Memorandum of Understanding (MoU) for the establishment of a Sugar Institute in Nigeria. The MoU was signed by the Executive Secretary of...