Economy Archives — Page 174 of 249

August 6, 2020 No Responses

Capital market Stakeholders Seek Alternative Funding For Infrastructure Development

Worried by budgetary pressure and reduction in the level of public funds, stakeholders in the capital market are calling for alternative sources of financing to support infrastructure development They spoke on Thursday at a webinar session targeted at...

August 6, 2020 No Responses

Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion

The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Speficially, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday...

August 6, 2020 No Responses

Osun Unveils N100m Post COVID-19 Economic Intervention Programme

Governor of Osun State, Gboyega Oyetola of Osun on Thursday launched the N100 million Post COVID-19 Economic Intervention Pilot Programme to mitigate the effects of the raging Coronavirus pandemic on the people of the state. Oyetola said at the...

August 5, 2020 No Responses

Investors stake N3.89b On UACN, FBN Holdings, Others

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday improved by 148.13 per cent with an exchange of 383.29 million shares worth N3.89 billion in 3,860 deals. This was in contrast with a...

August 5, 2020 No Responses

NRC Explains 700 bids For 2020 Projects

The Nigerian Railway Corporation (NRC) on Wednesday unveiled over 700 pre-qualification documents of bidders for the 2020 capital projects of the corporation. Managing Director, Mr Fidet Okhiria, explained at the event held in Lagos that the corpo...

August 2, 2020 No Responses

The Sovereign Wealth Fund And The Urgency For Economic Diversification

Delivered By Olusegun Aganga, CON, At The EY Alumni Event 1. OPENINGFirst, I must thank the EY Alumni and the organising committee for asking me to speak at this inaugural event. I have declined to speak at many events since I...

July 31, 2020 No Responses

NEPZA Partners Firm On Agric Special Economic Zone

The Nigeria Export Processing Zones Authority and Nigeria’s first Digital Agriculture Platform, Farmcrowdy, are discussing options for the establishment of an Agriculture Special Economic Zone for Nigeria. In a statement on Thursday, Managing Director ...

July 29, 2020 No Responses

FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months

FBN Holdings Plc on Wednesday announced its unaudited results for the six months ended June 30, 2020. The financial institution declared gross earnings of ₦296.4 billion, up 5.8% when compared to the previous year of ₦280.3 billion...

July 29, 2020 No Responses

World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others

The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in Nigeria. A statement from the bank in Abuja on Wedne...

July 24, 2020 No Responses

Ogun, IITA Seal Agric MoU

The Ogun Government on Friday signed a Memorandum of Understanding (MoU) with the International Institute of Tropical Agriculture (IITA) as part of measures to boost the agricultural sector in the state. The Commissioner for Agriculture, Dr Adeola ...

July 22, 2020 No Responses

DPR Implores Lubricant Producers On Export

Director, Department of Petroleum Resources (DPR), Mr Auwalu Sarki, has enjoined lubricant producers in the country to look beyond the shores of Nigeria and target the export market in the distribution of their products. A statement signed by Mr Paul Osu, ...

July 22, 2020 No Responses

Ogun Generates N15.11b Revenue In Six Months

The Ogun Internal Revenue Service (OGIRS), on Wednesday said it generated N15.11 billion revenue between January and June for the state government. Mr Adekunle Adeosun, the Head of the Agency, stated this while appearing before members of Ogun ...

July 22, 2020 No Responses

Access Bank Rewards 1,000 Customers With N87.74m

Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners...

July 21, 2020 No Responses

APPEALS Project Admits 12 More States, Empowers 10,200 Women, Youth

By citybusinessnews@yahoo.com The Agro-Processing Productivity Enhancement And Livelihood Improvement Support Project (APPEALS) has selected not less than 10,200 Women and Youth for training on all value chains and business modules on agribusinesses. &nbs...