Economy Archives — Page 156 of 258

October 4, 2022 No Responses

Govt, Stakeholders Explain Agenda For One Million Jobs In Maritime Sector

Determined to reduce unemployment in the country, industry stakeholders and top government officials will on Tuesday meet to discuss how to create one million jobs in the maritime sector for youths within one year. The event, being initiated by the...

October 3, 2022 No Responses

Farmer Decries High Cost Of Fish Feeds

An Akure-based fish farmer, Mr Lanre Adekunle, has lamented the high cost of fish feeds. Adekunle started his fish farm after benefitting from a training and empowerment programme of the International Fund for Agricultural Development (IFAD)/ Livelihood ...

October 1, 2022 No Responses

Concession Agreement: NPA Conculdes Report, Seeks FG’s Approval

The management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be submitted to the Federal Ministry of Trans...

October 1, 2022 No Responses

NGX Group’s Shareholders Re-Elect Non-Executive Directors

Shareholders of Nigerian Exchange Group Plc (NGX Group) on Friday approved resolutions by the company’s Board of Directors to re-elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non-executive directors. They both retired by rotation before their re-e...

September 30, 2022 No Responses

Shippers’ Council Boss Lauds Ministry On World Maritime Day, Highlights New Technologies, Implications

By Moses Ebosele, ebosele@hotmail.com — The Executive Secretary, Nigeria Shippers’ Council (NSC), Emmanuel Jime has commended the Federal Ministry of Transportation for putting together the 2022 World Maritime Day celebration in Nigeria. &nbsp...

September 30, 2022 No Responses

Elumelu Proposes N50m Capital Base For Insurance Brokers

Chairman, Heirs Holdings, Tony Elumelu, on Thursday proposed N50 million as a capital base for insurance broking firms operating in Nigeria. Elumelu, also founder, Tony Elumelu Foundation, said this at the 60th Anniversary Colloquium of the Nigerian Counc...

September 29, 2022 No Responses

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday. Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...

September 28, 2022 No Responses

Lagos Disburses N1.56b As Grants To 3,673 Businesses

Lagos State Government through the state Employment Trust Fund has supported 3,673 businesses with the sum of N1.56 billion as grants. Gov. Babajide Sanwo-Olu of Lagos State made this known at the Lagos Chamber of Commerce and Industry (LCCI)/Lagos Economic....

September 28, 2022 No Responses

FG To Distribute 12,000 Metric Tonnes Of Grains

The Federal Government has concluded arrangements to distribute 12,000 metric tonnes of assorted grains to vulnerable Nigerians. The Director-General, National Emergency Management Agency (NEMA), Mr Mustapha Habib announced this during a visit to Governo...

September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95 per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...

September 28, 2022 No Responses

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Keb...

September 27, 2022 No Responses

Stock Market Rebounds By N87b

The Nigerian Exchange (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday. Also, the All-Share Index (ASI) increased by 162.70 basis points,.....

September 24, 2022 No Responses

FG, States, LGCs Share N673.137b For August

The Federation Account Allocation Committee (FAAC), has shared N673.137 billion with the three tiers of government as federation allocation for August. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) o...

September 23, 2022 No Responses

Stock Market Drops Further by N124b

The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0.47 per cent to close at N26.533 trillion from N26.657 trillion on Wednesday. The All-Share Index (ASI) also dropped by 231.57 points...