Economy Archives — Page 140 of 259

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...

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. Spe...

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...