Business News Archives — Page 45 of 48

January 7, 2020 No Responses

NSE All-Share Index Records 1.38 Per Cent Growth

Activities on the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a bullish trend with the All-Share Index crossing 27,000 mark following buying interest in Dangote Cement. Specifically, the index which opened at 26,968.79 inched 370.89 points...

January 6, 2020 No Responses

SEC Nigeria Explains Agenda For Derivatives Trading In 2020

Developing an efficient derivatives trading market is one of the top priorities of the Securities and Exchange Commission (SEC) in 2020, Acting Director General, Ms. Mary Uduk has said Derivatives are securities that derive their value from an underlying secur...

January 6, 2020 No Responses

Daimler Recalls 744,000 Mercedes-Benz Vehicles

Citing faulty sunroof glass panel, German automaker, Daimler AG is to recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years The large recall covers more two dozen vehicles from C-Class, CLK-Class, CLS-Class and...

January 6, 2020 No Responses

Oyo To Procure 10 Modern Fire-Fighting Equipment

The Oyo State Government is set to acquire 10 modern fire-fighting equipment through a competitive bidding process. Prof. Raphael Afonja, the state Commissioner for Works and Transport, made this known in a statement issued by Mr Taiwo Adisa, the Chief...

January 5, 2020 No Responses

FAAN Closes Port Harcourt Airport

The Federal Airports Authority of Nigeria (FAAN) has announced the temporary closure of Port Harcourt International Airport runway following a bush fire incident near the area. The General Manager, Corporate Affairs, FAAN, Mrs Henrietta Yakubu, made the ...

January 4, 2020 No Responses

NSE Market Capitalisation Crosses N13tri Mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020. Specifically, the market capitalisation rose by N49 billion to close at N13. 019...

January 3, 2020 No Responses

Hyundai Secures $280m Orders For Two Ships

Hyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million). Under the first deal, the shipbuilder will build a very...

January 3, 2020 No Responses

NSE Resumes 2020 With 0.10 Per Cent Growth

The Nigerian Stock Exchange (NSE) resumed trading for 2020 on a positive trend with the benchmark index appreciating by 0.10 per cent following investors’ interest in MTN Nigeria stock. Specifically, the All-Share Index which opened trading for the year on.....

January 2, 2020 No Responses

Feeder Ship Operators Fault Amended Dockers’ Clause

European short-sea and feeder ship operators are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing as a cargo handling activity in order to bring it under the control of unionized dockers. The redefini...

January 2, 2020 No Responses

Dare Implores APC Members In Oyo State On Unity

The Minister of Youth and Sports Development Mr Sunday Dare, has called on All Progressives Congress (APC) stakeholders in Oyo state to work as a team to reposition the state as a pace setter state in the country. Dare made...

January 1, 2020 No Responses

Lawan: 2020 Will Usher In Robust Peace, Economic Growth For Nigeria

The President of the Senate, Ahmad Lawan, has said that the year 2020 will usher in robust peace and economic growth for the benefit of all Nigerians. Lawan, in a new year message signed by his Special Adviser (Media), Mr...

January 1, 2020 No Responses

U FitFly Gives Out Cars, Other Items To Commemorate 14th Anniversary

One of the leading travel agencies in Nigeria, Absolute Success Travels and Tours, the operator of U FitFly brand has celebrated it’s 14th year anniversary in a carnival-like event where cars (Siena and Toyota Camry) and other valuable items were...

January 1, 2020 No Responses

NSE Photo News

L – R: Joseph Ogbeide, Brand Manager, The Nigerian Stock Exchange (NSE); Olufemi Shobanjo, Head, Broker Dealer Regulation, NSE; Elsie Okpocha; Bola Adeeko, Divisional Head, Shared Services, NSE; Bright Okpocha aka Basketmouth, Ace Comedian; Ann Obaseki, Ta...

December 31, 2019 No Responses

Tony Elumelu Foundation, UNDP Unveil 2,100 Africans For Entrepreneurship Scheme

The Tony Elumelu Foundation (TEF), the private-sector-led philanthropy focused on empowering African entrepreneurs has announced a final list of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme. A statement explained ...