Economy Archives — Page 178 of 249

July 3, 2020 No Responses

NCDMB Signs Agreements On Energy Park In Edo, Oil Blending Plant In Bayelsa

The Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State. The Board also signed an equity investment agreement with Eraskon Nigeria...

July 3, 2020 No Responses

NPA To Receive 33 Ships Laden With Petroleum Products, Used Vehicles, Others

The Nigerian Ports Authority (NPA) is expecting 33 ships laden with petroleum products, food items and other goods from July 3 to July 16. In its publication, `Shipping Position’, on Friday, NPA explained that the ships are expected to arrive...

June 30, 2020 No Responses

Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project

President Muhammadu Buhari on Tuesday in Abuja affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano Gas (AKK) gas pipeline project within budgetary allocation and specifications. Speaking at the virtual...

June 30, 2020 No Responses

SAHCO Shareholders Approve N223.34m Dividend For 2019

Shareholders of Skyway Aviation Handling Company PLC (SAHCOL) on Tuesday approved a total dividend of N223.34 million for the financial year ended December 31, 2019, translating to 16.50k per share. The shareholders unanimously gave the approval at the co...

June 30, 2020 No Responses

Fidelity Bank Lauds NNPC, OilServ, Pledges Support For $2.8b AKK Gas Project

Fidelity Bank Plc, Tuesday commended the Nigerian National Petroleum Corporation (NNPC) and Oilserv, contractors to the $2.8bn Ajaokuta – Kaduna – Kano (AKK) Gas Pipeline Project, which was flagged off Tuesday, June 30, 2020, with the ground breaki...

June 29, 2020 No Responses

NPA Denies Ownership Of $1b Unity Bank Account

By citybusinessnews@yahoo.com The controversy surrounding ownership of $1billion domiciled with Unity Bank Plc continued on Monday as the management of Nigerian Ports Authority (NPA) denied any link with the alleged account. A whistleblower, John Okpurhe,...

June 29, 2020 No Responses

FG Earmarks N600b For Agric Financing Scheme, Seeks Support For APPEALS Project

The Minister of Agriculture and Rural Development, Sabo Nanono on Monday said the Federal Government has earmarked N600 billion to enhance farmer access to agricultural financing in the country. Nanono said that about 2.4 million farmers were targeted to benef...

June 29, 2020 No Responses

CGC Strike Force Rakes In N1.1b

The Comptroller General of Customs (CGC) Strike Force Team, Zone A has generated N1.1 billion through the raising of Debit Note, the Assistant Comptroller of the team, Abba Kakudi said on Monday. Kakudi said in Lagos on Monday that the...

June 29, 2020 No Responses

Cutix, Okomu Oil Top Gainers’ Table As Market Capitalisation Records N15b Growth

Activities on the Nigerian Stock Exchange (NSE) resumed on Monday for the week on a positive note with key indicators improving by 0.12 per cent. Specifically, the All-Share Index (ASI) increased by 29.87 points, indicating a growth of 0.12 per...

June 26, 2020 No Responses

Airtel Africa, Nestle Top Gainers’ Table As Market Capitalisation Recovers N107b

After days of bearish trend, transactions rebounded on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation increasing by N107 billion, The market capitalisation closed at N12.952 trillion, compared with N12.845 trillion achieved on Thurs...

June 26, 2020 No Responses

First Bank Empowers Women Through First Gem online Community

First Bank of Nigeria Limited has unveiled all-female online community www.firstgem.com.ng, offers mentoring, support and capacity building opportunities for all to create a new generation of financially literate women. With the aim to increase its engagement...

June 25, 2020 No Responses

Customs Impounds 2,682 Bags Of Rice, 3,122 Live Ammunition, Others

The Nigeria Customs Service (NCS), Federal Operating Unit (FOU), Zone C, Owerri, Imo State has confiscated contrabands worth N442.5 million. NCS Controller in Imo, Mr Kayode Olusemire, made the disclosure while displaying the seized items on Thursday in ...

June 25, 2020 No Responses

Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC...

June 24, 2020 No Responses

Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019

Nigerian Breweries shareholders have approved N16.1 billion as dividend for the financial year ended December 31, 2019, translating to N2.01 per share.. Chairman of the company,Chief Kola Jamodu in a statement on Wednesday explained that the approval was sec...