Economy Archives — Page 139 of 259

May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, the Company...

May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...

May 6, 2023 No Responses

Court Orders UBA To Take Over Ogiemwonyi’s Properties

A Federal High Court in Lagos has granted an order directing United Bank for Africa (UBA) Plc, to take over two properties located in Benin City, Edo State, belonging to Godwin Ogiemwonyi (trading under the names of Ogiemwonyi Godwin Nigeria...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...

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...