Economy Archives — Page 181 of 249

June 5, 2020 No Responses

Profit Taking: NSE Slides Further By N155b

Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalisation dipped N155 billion or 1.17 per cent to close at N13.049 trillion compared with N13.204...

June 5, 2020 No Responses

UBA Rewards 100 More Customers With N100,000 Each

United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. A statement sent to City Business News (www.citybusinessnews.com) on Friday explained that the 100 customers...

June 5, 2020 No Responses

Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel has said.Under the wide-ranging measures outlined in a 15-page document, value-ad...

June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 poste...

June 4, 2020 No Responses

FBNQuest Educates Nigerians on estate planning, wealth transfer

FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is offering expert guidance on estate planning as an important requirement for successful wealth transfer. In a statement on Thursday, Mr Adekunle Awojobi, FBNQuest Managing Director, explained that through ...

June 4, 2020 No Responses

NPA To Receive 17 Ships With Petroleum Products, Wheat, Frozen Fish, Others

The Nigerian Ports Authority (NPA) is expecting 17 ships laden with petroleum products, food items and other goods. NPA explained on Thursday through its publication, Shipping Position, that the ships are expected to arrive at the Lagos Ports between June...

June 3, 2020 No Responses

FEC Approves Refunds of N148b To Rivers, Ondo, Bayelsa, Others

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved refund of N148billion expended on federal roads by Rivers, Cross River, Ondo, Bayelsa and Osun states. The Minister of Information and Culture, Alhaji Lai M...

June 3, 2020 No Responses

Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift

The Nigerian Content Development and Monitoring Board (NCDMB), has waded into the N970 million dispute between the Nigeria Liquefied Natural Gas (NLNG), and a Nigerian company, Macobarb International.News Agency of Nigeria (NAN) gathered that the N970 million ...

June 3, 2020 No Responses

Customs Impounds N253m Smuggled Items

The Nigeria Customs Service (NCS) in Kebbi State confiscated various smuggled items valued at N253 million betweem February and May, 2020. The Kebbi Area Comptroller of Customs, Yusuf Garba, made the disclosure at a press briefing in Birnin Kebbi on...

June 2, 2020 No Responses

NPA Renews Engagement With Customs On Deployment of Scanners At Seaports

By Moses Ebosele, ebosele@hotmail.com The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has renewed clamour for the deployment of scanners at the nation’s seaport as part of measures to fast track cargo evacuation. &nbs...

June 2, 2020 No Responses

UPDC Lists N16b Rights Issue On NSE

UACN Property Development Company (UPDC) Plc on Tuesday, listed N16 billion rights issue of 15.96 billion ordinary shares at N1 per share on the Nigerian Stock Exchange (NSE). With the listing, the company became yet another beneficiary of the Exchange’s&nbs...

June 2, 2020 No Responses

Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth

Transactions in the shares of Nigerian Breweries topped the activity chart on the floor of Nigerian Stock Exchange (NSE) on Tuesday with 50.46 million shares valued at N2.22 billion. Guaranty Trust Bank followed with 40.45 million shares worth N1.01 bill...

June 1, 2020 No Responses

Nigeria To Empower 77,400 Young Farmers

The National Agricultural Land Development Authority (NALDA) has announced plans to empower 77,400 young farmers in agricultural business across Nigeria. Addressing Journalists on Monday in Abuja, Executive Secretary of NALDA,Mr Paul Ikonne, explained that the...

June 1, 2020 No Responses

PPPRA Reduces PMS Pump Price To N121.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol to N121.50 per litre from N123.50. The agency disclosed this in a letter to marketers with reference number A.4/9/017/C.2/V/...