Economy Archives — Page 188 of 222

October 24, 2017 No Responses

SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing

By citybusinessnews@yahoo.com – The Securities and Exchange Commission (SEC) has set in motion machinery for the forensic audit of Oando Plc. To ensure the independence and transparency of the exercise, the Forensic Audit according to SEC shall be...

October 24, 2017 No Responses

Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b

By citybusinessnews@yahoo.com – Trasnsactions on the floor of Nigerian Stock Exchange (NSE) continued on Monday on a negative trend as market capitalisation dipped further by N60billion. Specifically, market capitalisation which opened for the...

October 22, 2017 No Responses

5,400 farmers, agro-dealers benefit from $3m USAID agric scheme

The United States Agency for International Development (USAID) says 5,400 agro-inputs dealers and farmers have benefitted from its three million dollars Feed the Future Nigeria Agro-Inputs Activity. The Nigeria Mission Director of USAID, Stephen Haykin, said...

October 20, 2017 No Responses

International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months

International Breweries Plc on Thursday led the Nigerian Stock Exchange (NSE) gainers’ table, gaining N2.21 to close at N46.52 per share. Stanbic IBTC followed with a gain of N1.10 to close at N46.52 and GlaxosmithKline increased by 85k to close...

October 19, 2017 No Responses

Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share. At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with...

October 19, 2017 No Responses

Elumelu seeks stable policy to enhance SMEs growth

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs). Elumelu gave the advice at the 24th...

October 18, 2017 No Responses

NSE’s market capitalisation drops by N103b

Investors in Nigerian capital market on Tuesday lost N103billion due to losses recorded by Dangote Cement Plc, Nestle Nigeria Plc and Guaranty Trust Bank Plc. At the end of the day’s training, Dangote Cement Plc, Nestle Nigeria Plc and...

October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent. At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...

October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos. The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...

October 15, 2017 No Responses

World Bank: Assistance to Nigeria not limited to Northeast

Assiatance to Nigeria is not limited to the Northeast, the World Bank has clarified. Reacting to the controversy generated by a statement credited to its President, Jim Yong Kim that President Muhammadu Buhari requested its special intervention in ...

October 15, 2017 No Responses

Osinbajo lauds Elumelu as foundation wraps up 2017 entrepreneurship forum

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on Saturday in Lagos State with Vice President Yemi Osinbajo in attendance. The Forum hosted mor...

October 11, 2017 No Responses

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru...

October 9, 2017 No Responses

Shareholders task SEC on Oando crisis

Based on the directive given to the Securities and Exchange Commission (SEC) by the House Committee on Capital Market and Institutions to investigate allegations of financial impropriety and mismanagement of Oando Plc, shareholders of the company have cautione...

October 6, 2017 No Responses

Tony Elumelu Foundation to host 1,300 entrepreneurs, business leaders from 54 countries

The Tony Elumelu Foundation (TEF), Africa’s largest philanthropy focused on supporting entrepreneurship, has announced that the 3rd annual TEF Entrepreneurship Forum will take place on October 13-14 in Lagos. This is the first year the invitation-only For...