Economy Archives — Page 177 of 249

July 9, 2020 No Responses

Anambra Generates N26.4b In 2019

The Anambra state Government on Thursday said it realized N26.4 billion as Internally Generated Revenue (IGR) in 2019. Mr David Nzekwu, Chairman of the State Internal Revenue Service, stated this while defending the agency’s financial transactions in 2019, before the...

July 8, 2020 No Responses

Federal Character Commission Audits MDAs Nominal Rolls

The Federal Character Commission (FCC) is to commence auditing of the nominal rolls of federal Ministries, Department and Agencies (MDAs). Speaking on Wednesday in Abuja, the New Executive Chairman of the Commission, Dr Muheeba Dankaka, explained th...

July 8, 2020 No Responses

Lafarge Africa, Julius Berger Top Gainers Table AS Market Capitalisation Sustain Growth With N94b

Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest. Specifically, the All-Share Index rose by 180.59 points or 0.75 per cent to close at 24,278.07 compared...

July 8, 2020 No Responses

Ecobank Nigeria Extends Agric Loan To 70,000 Farmers

Ecobank Nigeria has restated its commitment to the Agricultural sector and is supporting over 70,000 farmers with special loans to increase their capacity and yields during this planting season. This is one of the bank’s initiatives to ...

July 7, 2020 No Responses

Interest In Airtel Africa, BUA Cement, Zenith Bank Lift Market Capitalisation By N35b

The nation’s bourse halted negative trend on Tuesday due to investors’ interest in Airtel Africa, BUA Cement and 15 other equities. Consequently, the All-Share Index rose by 71.43 points or 0.30 per cent to close higher at 24,097.48 compared with...

July 7, 2020 No Responses

CEOs Of Maritime Agencies Converge At NSC, Reiterate Synergy, Efficiency

The Chief Executive Officers (CEOs) of maritime agencies in Nigeria on Tuesday converge at the headquarters of Nigerian Shippers Council (NSC) to brainstorm on various modalities and areas of collaborations. The meeting had in attendance Executive Secret...

July 7, 2020 No Responses

Largest Online Gathering Of Workers, Employers, Others To Brainstorm On Post-Pandemic Recovery

More than 50 Heads of State and government, as well as prominent global employers’ and trade union leaders are to take part in global discussions on COVID-19 and the World of Work, which be held online, 7-9 July.A statement issued...

July 7, 2020 No Responses

600 Firms Bid For Nigeria’s 57 Marginal Oilfields

Over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in Nigeria, the Department of Petroleum Resources (DPR) has said. Director of DPR, Mr Auwalu Sarki made the disclosure while speaking on Tuesday in a.....

July 7, 2020 No Responses

FCTA Threatens To Shut GTBank Over Alleged COVID-19 Protocol Violation

The Federal Capital Territory Administration (FCTA) has threatened to seal some Guarantee Trust Bank branches in Abuja over alleged non-adherence to COVID-19 safety protocols in their operations. Chairman of the FCTA Enforcement Team on COVID-19, Mr Ikharo Att...

July 6, 2020 No Responses

Nigeria Proposes N2.3t To Boost Mining, other sectors

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, has proposed N2.3 trillion to boost the mining and other sectors of the economy in post COVID-19 rescue operations. Adegbite said this in an interactive session with Journalists on Federal...

July 6, 2020 No Responses

Yuguda, New SEC Nigeria Boss Resumes, Pledges To Tackle Market Manipulation

The Director General of the Securities and Exchange Commission(SEC) Mr. Lamido Yuguda has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond. Yuguda resumed alongside the Executive Commis...

July 6, 2020 No Responses

Access Bank To Reward Over 1,000 DiamondXrra Customers

Access Bank Plc is to reward over 1,000 DiamondXtra customers with various grants and cash prize in the second DiamondXtra quarterly draw of Season 12. The bank’s Group Head, Retail Products and Segments, Adaeze Ume, disclosed this in a statement...

July 6, 2020 No Responses

Market Capitalisation Opens Week With N162b Loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the...

July 3, 2020 No Responses

PwC Nigeria Admits Eight New Partners

PwC Nigeria has admitted eight professionals into its partnership, with effect from July 1, 2020. According to PwC, this is a record number for “the leading professional services firm, demonstrating its commitment to diversity, inclusion, and developin...