Economy Archives — Page 194 of 231

November 28, 2017 No Responses

Oando: Shareholders insist on interim management

Shareholders of Oando Plc have advised the current management of the company under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders. A Federal High Court sitting in Lagos had last week dismissed...

November 27, 2017 No Responses

Ministry faults ‘flagrant abuse of import duty waivers by some NGOs, importers’

The Federal Ministry of Finance has alleged attempts by some importers and Non-Government Organisations (NGOs) to malign the name of the Minister of Finance, Mrs. Kemi Adeosun over “spurious claims of refusing to grant import duty waivers in respect of...

November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend. In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....

November 24, 2017 No Responses

Investors stake N1.14b on UBA shares as market capitalisation records N28b growth

United Bank for Africa (UBA) on Thursday emerged the toast of investors with a turnover of 116.63 million shares valued at N1.14 billion on the floor of NigerianStock Exchange (NSE). Access Bank followed with 98.34 million shares worth N987.63 million,...

November 24, 2017 No Responses

2017 Budget: FERMA gets N800m out of N25b

Out of the N25billion budget of the Federal Roads Maintenance Agency (FERMA), only N800million has been received, the Minister of Power, Works & Housing, Babatunde Fashola has said. Briefing members of the Senate Committee on Federal Roads Maintenance A...

November 23, 2017 No Responses

Nestle sustains growth profile, hits N1,300 per share

For the third consecutive day, Nestle Nigeria Plc on Wednesday led the gainers’ table, appreciating by N38.84 to close at N1,300 per share. Unilever came second with a gain of N2.15 to close at N39 95, while Zenith International Bank...

November 19, 2017 No Responses

‘Treat money laundering, financial crimes with zero tolerance’

Treat money laundering, financial crimes with zero tolerance to maintain and sustain economic, financial and political stability, the Vice President Yemi Osinbajo, has said. Prof. Osinbajo stated this at the opening ceremony of the Inter-Governmental Acti...

November 17, 2017 No Responses

NSE’s market capitalisation regains N77b

The market capitalisation of Nigerian Stock Exchange (NSE) which opened at N12.673 trillion on Thursday, increased by N77 billion or 0.61 per cent to close at N12.750 trillion due to the listing of rights issue of Unilever and Transnationwide. ...

November 17, 2017 No Responses

AAAF empowers widows, orphans, others in Northern Nigeria

Since the inception of its Northern Nigeria operations few years ago, the Ajoke Ayisat Afolabi Foundation, the philanthropic arm of SIFAX Group, has empowered over 6,000 indigents people, including destitute, widows and orphans. This was disclosed by the fou...

November 17, 2017 No Responses

CFAO Photo News

Mr Thomas Pelletier, Country Manager, CFAO Nigeria introducing the first Fuso Truck assembled in Lagos during the official commissioning of Fuso Assembly Plant in Lagos on Thursday

November 16, 2017 No Responses

Ghana budgets $13.9b for 2018

The Ghanaian government plans to spend 13.9 billion dollars (62 billion Ghana cedis) in the 2018 fiscal year, the country’s finance minister said on Wednesday. Presenting the government’s fiscal policy to parliament, Kenneth Ofori-Atta, said the budget, w...

November 15, 2017 No Responses

Labour seeks panel on new national minimum wage

By citybusinessnews@yahoo.com – The Association of Senior Civil Servant of Nigeria (ASCSN) has advised the Federal Government to constitute a panel to negotiate new national minimum wage. In an address delivered on Tuesday in Enugu b...

November 15, 2017 No Responses

Market capitalisation depreciates by N124billion

Transactions on the floor of Nigerian Stock Exchange (NSE) ended on Tuesday in the negative territory as market capitalisation dropped by N124billion. Specifically, the market capitalisation lost N124 billion or 0.96 per cent to close at N12.789 trilli...

November 14, 2017 No Responses

Dangote Cement, Forte Oil, others lift market capitalisation by N66b

Transactions on the floor of Nigerian Stock Exchange (NSE) commenced on Monday on a positive as investors gained N66billion. At the end of the day’s transaction, Dangote Cement topped the gainers’ table recording N8.99 to close at N238 per...