Economy Archives — Page 112 of 231

May 4, 2023 No Responses

NGX Group Declares 14.2% Decline In Q1 Gross Earnings

For the first quarter (Q1) ending March 31, 2023, Nigerian Exchange Group Plc (NGX Group) has declared its unaudited results, recording a 14.2% year-on-year (YoY) decline in gross earnings to N1.6 billion from N1.8 billion posted in Q1 2022. In...

May 4, 2023 No Responses

IPI Nigeria Sets Agenda For Tinubu On Journalists’ Safety, Media Freedom

On the occasion of May 3 commemoration of the 2023 World Press Freedom Day, the Nigerian National Committee of the Vienna-based International Press Institute (IPI) is asking the new government that will be inaugurated in Nigeria on May 29 to commit....

May 2, 2023 No Responses

Dangote Implores African Countries On Trade Barriers

President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player ...

May 1, 2023 No Responses

NAFDAC Probes Indomie Noodles

The National Agency for Food and Drug Administration and Control (NAFDC) has commenced investigation and is responding to the news of recalled Indomie noodles by Taiwan and Malaysia authorities. A statement issued on Monday explained that on May 2,20...

April 28, 2023 No Responses

NNPCL, Norwegian Firm Seal Floating LNG Plant MoU

Nigerian National Petroleum Corporation Limited (NNPCL) has signed a memorandum of understanding (MoU) with Norwegian Golar LNG, an owner and operator of marine LNG infrastructure, to build a floating LNG plant in Nigeria. The MoU was revealed in NNPC’s soci...

April 27, 2023 No Responses

Edo Distributes 3m Books To Schools

Edo State Government on Wednesday said it distributed 3.3 million textbooks and writing materials to 848 primary and 306 junior secondary schools in the state in the last five years. The state chairman of the Universal Basic Education Board (...

April 27, 2023 No Responses

Sasakawa Africa Association, Japanese Embassy Reiterates Support For Nigeria’s Agricultural Sector

The Embassy of Japan in Nigeria and Sasakawa Africa Association (formerly SG2000) have reiterated their commitment to strengthen joint efforts to help Nigeria transform the agricultural sector. The two institutions made the assurance during a courtesy visit by...

April 26, 2023 No Responses

Investors Gain N137b On Capitalised Stocks

Equities market opened the week on Tuesday on a green note with a gain of N137 billion. Market capitalisation gained N137 billion to close at N28.1 trillion as against the N27.963 trillion posted at the last trading session on Thursday....

April 26, 2023 No Responses

NGX, ETI Mull Sustainability, Market Development Partnership

Nigerian Exchange Limited (NGX) and Ecobank Transnational Incorporated (ETI) have expressed mutual interest on sustainability initiatives and overall market development. This was stated at the Closing Gong Ceremony introducing the new Group Chief Executi...

April 26, 2023 No Responses

NDDC, US Firm To Connect Niger Delta States By Rail

The Niger Delta Development Commission, NDDC, has signed a memorandum of understanding with the United States Consulate and a United States-based firm, Atlanta Global Resources Inc., AGRI, to build a railway network that will connect the nine states of the...

April 25, 2023 No Responses

Oil Palm, Poultry, Energy Most Active Sectors In Edo

The Edo State Investment Promotion Office has said the most active sectors that have attracted local and foreign investments into the state in the last two years are oil palm, poultry processing, retail sectors and Energy. In a chat with Journalists,...

April 21, 2023 No Responses

Access Holdings Declares N1.4tri Gross Earnings For 2022

Access Holdings Plc has announced gross earnings of N1.39 trillion for the 2022 financial year. The company disclosed this in its Consolidated and Separate Financial Statement for the year ended December 31, 2022, released on Thursday in Lagos. The gross...

April 18, 2023 No Responses

Stock Market Investors Lose N418b

The equities market on Monday opened the week on a negative note, shedding N418 billion due to losses in largely capitalised stocks. The All-Share Index decreased by 766.56 per cent, representing a decline of 1.48 per cent, to close at...

April 17, 2023 No Responses

NECA Rejects Fresh Tax Hike

Any attempt by the Federal Government to increase taxes will lead to a negative impact on households, individuals and businesses, the Nigeria Employers’ Consultative Association (NECA), has warned. NECA’s Director-General, Mr Adewale-Smatt Oyerinde, in a s...