Economy Archives — Page 190 of 259

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...

June 15, 2020 No Responses

Vessels Conveying Fuel, Fish, Bitumen, Others To Berth At Delta Seaports

The Nigerian Ports Authority (NPA) on Monday disclosed that nine vessels laden with fuel and other items are expected at the Delta ports.NPA in its daily publication, ‘Shipping Position’ identified some of the expected vessels to incl...

June 11, 2020 No Responses

National Assembly Raises Revised 2020 Budget To N10.810trillion

The two Chambers of the National Assembly on Thursday, raised the N10.509 trillion budget proposed by the executive as revised budget for 2020 fiscal year by N301billion, passing N10.810 trillion as aggregate expenditure for the 2020 revised budget. The ...

June 11, 2020 No Responses

Polaris Agency Banking, SurePadi Records N10b Transactions

Within its first 100 days of introduction, Polaris Bank’s Agency Banking initiative, SurePadi, has serviced over half a million customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide. &nbsp...

June 11, 2020 No Responses

Customs Reduces Physical Examination Of Cargoes At Seaports

The Nigeria Customs Service (NCS) on Thursday announced the reduction in the number of physical examination of cargoes at the ports. The Deputy Comptroller of Customs, Anthony Anyalogu, explained that it was part of measures to ensure physical distancing and.....

June 11, 2020 No Responses

CBN To Support 70, 000 Maize Farmers In 2020

The Central Bank of Nigeria (CBN) is to support 70,000 maize farmers under its Anchor Borrowers Programme, during the 2020 wet farming season. Head, Development Finance Office, CBN, Mr Nuhu Muazu, reiterated the development on Thursday in Abuja duri...

June 9, 2020 No Responses

Senate Probes BPE Over Non-Performance Of Paper Mills

The Senate has mandated its Committee on Privatization to investigate the operations and non-performance of paper mills sold by the Bureau of Public Enterprises to private interests. This was just as the Upper Chamber rejected a call on the Federal...

June 9, 2020 No Responses

BUA Cement lifts NSE As Market Capitalisation Retains N45b

The Nigerian Stock Exchange (NSE) key market indices improved further by 0.34 per cent on Tuesday due to sustained interest in BUA Cement. Speficially, the All-Share Index which opened at 25,249.96, rose by 85.19 points or 0.34 per cent to...

June 9, 2020 No Responses

MTN Nigeria Explains Completion Of N100b Commercial Paper

MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes. MTNN stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by...

June 8, 2020 No Responses

Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail

The Nigerian Shippers’ Council (NSC) is to supervise Standard Operating Procedure (SOP) of cargo evacuation between the Nigerian Railway Corporation (NRC) and the APM Terminal. Speaking on Monday at the resumed evacuation of cargoes by rail in Lagos, Mrs Ife...

June 8, 2020 No Responses

Airtel Africa Celebrates 10 Years Milestone With 110m Customers

Airtel Africa, a telecommunications provider in 14 countries across sub-Saharan Africa, celebrates its 10-year anniversary in June, the company said in a statement on Monday.The company said in the statement that over the past decade it had supported social tr...