Economy Archives — Page 193 of 231

December 11, 2017 No Responses

Capital market operators implore CBN, SEC on single license

Capital market operators at the weekend in Lagos called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to access discount window. Speaking at the 2017 annual conference...

December 11, 2017 No Responses

APM Terminals unveils refrigerated truck transport

APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups is working to provide modern cold chain transportation alternatives for farmers in the agricultural centers of northern Nigeria as part of measures to br...

December 11, 2017 No Responses

Edo farmers, investors to get N500m Agric Credit

To provide guarantee for agribusiness investments in the state, the Edo State Government has partnered the Central Bank of Nigeria (CBN) to set up a N500 million Commercial Agricultural Credit Scheme (CACS). Governor of Edo State, Mr. Godwin Obaseki, reveale...

December 11, 2017 No Responses

Qatar stakes £6b on 24 eurofighter jets

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs. BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire. Qatar’s purchase of 24...

December 7, 2017 No Responses

World Bank to support power sector recovery agenda in Nigeria with $1b

The World Bank is to support Nigeria’s Power Sector Recovery Programme (PSRP) with not less than $1billion. In a statement on Wednesday, the Bank explained that its delegation had informed the Federal Government that it was pleased with progress in...

December 6, 2017 No Responses

Ministry tackles BUA Group over alleged illegal mining activities

The Ministry of Mines and Steel Development has described a publication signed by the Executive Chairman of the BUA Group, Abdulsamad Rabiu as misleading. According to the Ministry, the publication Titled:“A cry for Help: Wanton Abuse of Power By...

December 5, 2017 No Responses

Access Bank unveils growth agenda, explains 351 new branches

Foremost financial institution, Access Bank Plc on Monday announced new five-year strategy with an ambitious plan to become Africa’s Gateway to the World. Briefing stakeholders at the Nigerian Stock Exchange (NSE), the Bank explained that development is t...

December 4, 2017 No Responses

FG appoints Abdul Zubair acting DG of SEC

The Federal Government has appointed Dr. Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission. ...

December 1, 2017 No Responses

Nigeria to commence implementation of revised import, export guidelines January 1, 2018

By Moses Ebosele, ebosele@hotmail.com – Nigeria is to commence implementation of the 2017 Revised Import and Export Guidelines on January 1, 2018. Speaking at a sensitisation workshop in Lagos on Thursday, the Minister of Finance, Mrs Kemi.....

December 1, 2017 No Responses

Investors Stake N35.1b on 14.2billion Shares In Four Days

A total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals were traded between Monday and Thursday this week by investors on the floor of NigerianStock Exchange (NSE) in contrast to a total of 2.182 billion shares valued...

December 1, 2017 No Responses

NLC faults mass sack of local govt workers in Kaduna

The Nigeria Labour Congress (NLC) has described the reported mass sack of about five thousand local government workers by the Kaduna State Government as illegal. A statement issued by the NLC president, Ayuba Wabba, said the mass sack “violates the...

November 30, 2017 No Responses

FG suspends SEC DG, two others

The Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo and two others have been suspended from office by the Minister of Finance, Mrs. Kemi Adeosun as the Federal Government launches investigation into several allegations of...

November 29, 2017 No Responses

Infinity Tyres Debuts in Lekki, Flags off 2017 Value Drive Promo

By Moses Ebosele, ebosele@hotmail.com – Infinity Tyres Limited, Nigeria’s leading tyre, battery and premium automobile accessories brand has concluded plans to open a full-fledged branch in Lekki, Lagos State in the first week of December, 2017 t...

November 29, 2017 No Responses

Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b

Nigerian Breweries on Tuesday recorded the highest price gain of N6.43 to lead the gainers’ table and closed at N137.60 per share. Stanbic IBTC followed by a gain of N1.85 to close at N41.85, while Dangote Cement increased by...