Economy Archives — Page 172 of 249

August 23, 2020 No Responses

Group Seeks Export Processing Zone In Kebbi

The Federation of Agricultural Commodities Association of Nigeria (FACAN), Kebbi Chapter has urged the Nigeria Export Processing Zones Authority (NEPZA) to establish an export processing zone in the state. The Secretary of FACAN chapter, Alhaji Abubakar Bagudu-Kalgo, made the call...

August 22, 2020 No Responses

SON Develops Standards For Livestock Feeds

The Standards Organisation of Nigeria (SON) has developed new standards for animal and livestock feeds value chain to support Federal Government efforts in achieving food security. Director- General of SON, Mr Osita Aboloma, made this known in a ...

August 21, 2020 No Responses

Senate Queries DPR Over N44.5b Remittance, N2.4trillion Revenue

Representatives of Department of Petroleum Resources (DPR) were queried by the Senate on Friday for remitting only N44. 5 billion into the Consolidated Revenue Fund in 2019 out of N2.4 trillion generated. This is as heads of many of...

August 21, 2020 No Responses

UASC Seeks Immediate Suspension Of Peak Season Surcharge

The Union of African Shippers’ Council (UASC) has called for the immediate suspension of Peak Season Surcharges (PSS) imposed by Shipping Lines serving the West African Trade Route. Head of Public Relations, Nigerian Shippers’ Council (NSC), Rakiya Zuba...

August 21, 2020 No Responses

Investors Stake N1.75b On Zenith Bank, FBN Holdings, Nigeria Breweries, Others

The Nigerian Stock Exchange (NSE) on Friday moved 158.62 million shares worth N1.75 billion exchanged in 3,194 deals. This was in contrast with 179.55 million shares valued at N2.53 billion achieved in 3,055 deals on Thursday. An analysis...

August 21, 2020 No Responses

SEC Canvasses More Stakeholders’ Engagements

The Securities and Exchange Commission (SEC) is open to engagements with stakeholders as part of measures to foster new partnerships. A press statement issued from the first virtual Capital Market Committee Meeting held on Thursday, quoted the Directo...

August 20, 2020 No Responses

SEC Nigeria Vows To Flush Out Illegal Operators

The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market. Yuguda said this in an address delivered at the first Capital...

August 20, 2020 No Responses

NEPZA Commends LADOL’s Agric, Health Free Zone Initiative

Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has commended LADOL Free Zone. Speaking during an official tour of the Zone, Prof. Adesugba expressed particular support for LADOL expansion in attract...

August 20, 2020 No Responses

Market Capitalisation Extends Growth By N18b

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent. Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close...

August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...

August 19, 2020 No Responses

Shippers’ Council Decries Indiscriminate Charges By Shipping Firms

The Management of Nigerian Shippers’ Council (NSC) on Wednesday described as ‘unreasonable and unacceptable the indiscriminate’ high surcharges by multinational shipping firms on Nigerian-bound cargoes. The Executive Secretary of NSC, Mr Hassan Bello,...

August 19, 2020 No Responses

NPA Receives 18 Ships At Lagos Port Complex

Eighteen ships laden with food items and other goods have arrived Lagos Port Complex waiting to berth. According to Nigerian Ports Authority (NPA) publication, `Shipping Position’, the ships are carrying containers, general cargo and gypsum. NPA ex...

August 18, 2020 No Responses

Lagos Empowers 800 Rice Farmers

The Lagos State Government ( LASG) has empowered no fewer than 800 rice farmers in the state with preferred high yielding Farrow 44 seeds, new high quality knapsack sprayers, rain boots and farm coats. The State Acting Commissioner for Agriculture,...

August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks. Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...