Economy Archives — Page 192 of 248

January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per cent to close...

January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...

January 10, 2020 No Responses

Onne Customs Surpasses 2019 Revenue Target by 112%

The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State generated ₦107.3billion from duty paid on imported goods in 2019.A statement issued by the Public Relations Officer, Ifeoma Onuigbo Ojekwu, explained that the figure surpasses the an...

January 10, 2020 No Responses

FG Reconstitutes CAC Board

The Federal Government on Thursday reconstituted the new board of Corporate Affairs Commission (CAC) and appointed Mr Ademola Seriki as the board Chairman with effect from Jan. 7.A statement issued in Abuja by Mr Ibrahim Haruna, Deputy Director, Press of...

December 22, 2019 No Responses

Presco Exceeds 2019 Target, Lauds Border Closure

– A key player in the agricultural sector of Nigerian Stock Exchange (NSE), Presco Plc has ended 2019 business year on a happy note.Addressing workers at a ceremony to end the year on Saturday, Managing Director, Felix Nwabuko also commended...

December 22, 2019 No Responses

CBN, Group Inaugurate 10,000 Hectares Of Oil-Palm Plantation In Kogi –

An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in Kogi.Mr Joseph Idoko, President...

December 18, 2019 No Responses

At APPEALS Project Support Mission In Lagos, Food Security Tops Agenda

The World Bank-Federal Government of Nigeria joint 4th Implementation Support Mission of Agro Processing, Productivity Enhancement and Livelihood Support (APPEALS) Project opened on Wednesday in Lagos with Kogi and Lagos States co-hosting.The Mission in Lagos ...

December 9, 2019 No Responses

Buhari Appoints Nami, New FIRS Chairman

President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation.The President nominated a tax consultant, Muhammad M. Nami as the new chairman.The board is composed of a member...

December 7, 2019 No Responses

Lagos Shuts Nine Firms Over Tax Evasion

The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government.The Director, Legal Services of the LIRS, Mr Sey...

December 7, 2019 No Responses

Customs Boss Seeks Separate Budget For Staff College

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) has appealed for a separate budget for Nigeria Customs Command and Staff College, Gwagwalada for the institution to realise its set out goals.Ali made the appeal at the Gradu...

December 5, 2019 No Responses

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri

The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.The passage followed the consideration and adoption of the report of Senate Committee on Appropriation.T...

December 5, 2019 No Responses

Neimeth, Cornerstone, Emerge Best Performing Stocks In November

Neimeth, Cornerstone Insurance and Chams have emerged as the best performing equities on the Nigerian Stock Exchange (NSE) in the month of November.Data obtained by the News Agency of Nigeria (NAN) indicates that Neimeth led eight others to emerge as...

November 23, 2019 No Responses

DMO Puts Nigeria’s Debt Profile At N25.7 Tri

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As ...

November 12, 2019 No Responses

Nigeria To Mainstream Maritime Sector For Economic Development

The Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed that the Federal Government of Nigeria is poised to ensure the maritime sector gets into the mainstream of economic strategy to lift economic growth and prosperity.The Minister who affirme...