Economy Archives — Page 113 of 231

April 14, 2023 No Responses

Dangote Cement Pledges Higher Returns To Shareholders

Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Speaking at the 14th Annual...

April 14, 2023 No Responses

SEC Reiterates Support For Minority Shareholders

The Securities and Exchange Commission (SEC) has assured investors that the interest of minority shareholders would be protected during all transactions in the capital market.The Director General, SEC, Mr. Lamido Yuguda gave the assurance in Abuja while briefi...

April 14, 2023 No Responses

FAO: Gender Inequalities In Agriculture Costs World $1trn

The UN’s Food and Agriculture (FAO) has declared that gender inequalities in food and agriculture are costing the world over one trillion dollars, noting that leveling the playing field for women working in the sectors can bring growth and help...

April 14, 2023 No Responses

Market Capitalisation Drops By N5b

The stock market on the Nigerian Exchange Ltd. on Thursday recorded a bearish tilt as the overall capitalisation dropped by N5 billion. The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close...

April 13, 2023 No Responses

DMO Re-Opens N360b FGN Bonds For Subscription

The Debt Management Office (DMO) has listed four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription at N1,000 per unit. The first offer is a February 2028 FGN Bond valued at N90 billion, at an interest...

April 12, 2023 No Responses

Shell, HPA To Explore Decarbonising Ports Through Vessel Electrification

Shell Marine and Hamburg Port Authority (HPA) have signed Memorandum of Strategic Partnership (MSP) to explore decarbonizing ports through areas such as vessel electrification and the development of charging networks. World Maritime News report that the agreem...

April 12, 2023 No Responses

Oil Palm: Experts Seek Increased Investment

Agriculture experts have called for more investment in oil palm production to enhance the growth and development of the sector. They said this in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in Lagos. The experts spoke...

April 11, 2023 No Responses

FG Signs Agreement To Re-Concession Lagos Trade Fair Complex

The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC). A statement issued on Monday by BPE’s Head of Public Communications, Amina Tukur, explained that the...

April 9, 2023 No Responses

Easter: Prices Of Foodstuff Skyrocket In Enugu Major Markets

The prices of most foodstuffs have significantly increased in major markets within Enugu metropolis this Easter, the News Agency of Nigeria (NAN) reports. A market survey conducted by a NAN correspondent on Saturday in Enugu markets revealed that prices of...

April 6, 2023 No Responses

Stock Market Investors Lose N553b

The domestic equity market on Wednesday recorded its third consecutive loss in the week, bringing down the benchmark Index by 1.88 per cent as investors sold off Airtel Africa and 13 others. The All Share Index (ASI) decreased by 1,016.42...

April 4, 2023 No Responses

DMO Offers April FGN Savings Bonds

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for the month of April at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in...

April 2, 2023 No Responses

NPA At Enugu Trade Fair, Explains Lekki Seaport Potentials, Job Opportunities

The Lekki multi-purpose seaport is expected to generate more than 170,000 direct and indirect jobs for Nigerians, the Nigerian Ports Authority (NPA), has reiterated. The Lekki Deep Seaport was commissioned for operations by President Muhammadu Buhari on ...

March 31, 2023 No Responses

Air Peace Launches Nonstop Flights To India

West and Central Africa’s leading airline, Air Peace, in its characteristic way of setting aviation records, achieved another first on March 31, 2023, by launching direct, nonstop flight services to Mumbai, the capital city of Maharashtra State in Southweste...

March 31, 2023 No Responses

Ashok Leyland, Stallion Motors Unveil Phoenix

Ashok Leyland, flagship of the Hinduja Group, along with Stallion Motors, its Exclusive Distributor in Nigeria for over a decade, launched the successful light commercial vehicle, Phoenix in Lagos, for Nigeria market.A statement explained that the exclusive na...