Economy Archives — Page 179 of 249

June 24, 2020 No Responses

NSE Market Capitalisation Drops Further By N50b

Weak sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) on Wednesday with the indices extending loses for the fifth consecutive trading session. Consequently, the key performance indices dropped further by 0.38 per cent due to sell-offs in...

June 24, 2020 No Responses

Delta Seaports To Receive Seven Vessels Laden With Diesel, General Cargoes

Seven ships conveying diesel and other items are expected at the Delta Seaports between June 25 and June 30, 2020. In its daily publication, ‘Shipping Position’, Nigerian Port Authority (NPA) on Wednesday explained that the vessels include MT Tornado...

June 23, 2020 No Responses

NIMASA, NPA Seal Partnership On Wreck Removal

The managements of Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Ports Authority (NPA) on Tuesday resolved to work out modalities for effective removal of all wrecks and derelicts that may hinder navigations in Nigerian waters. &nb...

June 23, 2020 No Responses

FG Tasks Public Servants On Accountability, Transparency

The Federal Government has challenged civil servants to be accountable and transparent in their services to the nation. Head of the Civil Service of the Federation (HOCSF), Dr. Folasade Yemi-Esan, who made the call in a video conference to mark the&...

June 23, 2020 No Responses

Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b

The Nigerian Stock Exchange (NSE) on Tuesday extended negative mood with market capitalisation dropping by N2billion. Specifically, the market capitalisation which opened at N12.913 trillion shed two billion naira or 0.02 per cent to close at N12.911 trilli...

June 18, 2020 No Responses

Senate: Reopening Of Airports On June 21 Unrealistic

The Senate on Thursday, via its Committee on Aviation, said re-opening of the nation’s airports for operation on June 21 was unrealistic, following concerns raised by workers in the aviation industry. Chairman of the Committee, Sen. Smart Adeyemi (APC Kog...

June 18, 2020 No Responses

Wet Season: CBN To Empower 1.1m Farmers With N432b Loans

The Central Bank of Nigeria (CBN) has concluded plan to fund the value chains of nine commodities to the tune of N432 billion in the 2020 wet season. Mr Yila Yusuf, the Director, Development Finance Department of the CBN, disclosed...

June 18, 2020 No Responses

NPA Boss Inaugurates Emergency Response Team

The Management of Nigerian Ports Authority (NPA) has inaugurated an eleven (11) Member Emergency Response Team at it’s Corporate Headquarters, Marina, Lagos. According to NPA, the team would be strategic and respond immediately in case of emergencies at the ...

June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...

June 17, 2020 No Responses

Nigeria To Unveil Single Window Project, Deploy Scanners At Seaports

As part of measures to curtail importation of fake and substandard products into the country in line with established protocols, plans are underway to operationalise the National Single Window project as well as deploy scanners at the nation’s seaports befor...

June 17, 2020 No Responses

BUA Threatens Dangote Group With Contempt Of Court

BUA Group on Wednesday threatened to initiate contempt of court proceedings against Dangote in three days, if it fails to remove the excavators and trenches used in barricading the entrance of Obu Mines. The BUA Group, in a statement in...

June 17, 2020 No Responses

The World Must Continue To Fight Corruption, Says Commonwealth Scribe

Countries’ response to Covid-19, their long-term development and the meeting of the Sustainable Development Goals (SDGs) are all threatened by the “invisible infection” of corruption, the Commonwealth Secretary-General, Patricia Scotland, has warned...

June 15, 2020 No Responses

Labour, NECA Seal MoU To Boost Productivity, Protect Jobs In Nigeria

Organised Labour and the Nigeria Employers Consultative Association (NECA), have signed a Memorandum of Understanding (MOU), toward boosting productivity, prevent jobs loses, promote health and preserve means of livelihoods of all citizens.The MOU was signed b...

June 15, 2020 No Responses

NSE Market Capitalisation Records N119b Loss

Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips. Speficially, the All-Share Index which opened the week at 25,182.67 lost 228.35 points or 0.91 per...