City BusinessNews Archives — Page 310 of 400

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 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....

January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....

January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...

January 31, 2020 No Responses

Prices Of Vehicles May Soar As NADDC Proposes 125% Import Tariff

Nigeria’s automotive sector regulator, National Automotive Design and Development Council (NADDC) has proposed 100 per cent import tariff for Fully Built Units (FBUs) and 125 per cent for used cars. The Federal Government had in November 2013, raised d...

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

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

Minister Tasks Stakeholders On Auto Policy Review

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, on Thursday implored automotive stakeholders to make input to the proposed amendment to the Draft Automotive Policy and Nigerian Automotive Industry Development Plan (NAIDP) as part of measure...

January 30, 2020 No Responses

Ekiti Spends N14m On 2,000 JAMB Forms For Students

The Ekiti Government has purchased 2, 000 Joint Admissions and Matriculation Board (JAMB) forms for candidates in the state seeking admissions into tertiary institutions in the country.The News Agency of Nigeria (NAN) reports that the wife of Ekiti governor, M...

January 30, 2020 No Responses

Refineries: Senate Probes NNPC Over $396m Spent On Maintenance

The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in the country between 2013 and 2015.Accordingly, the Upper Chamber mandated the Committe...

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...

January 29, 2020 No Responses

Tomato Farmers Seek Pest Control Support

Some tomato farmers in Kumo, Gombe have advocated for pest control measures to accelerate cultivation of tomato and perishable produce in the state.A cross section of the farmers made the call in separate interviews with the News Agency of Nigeria...