Economy – Page 195 – City Business News

April 28, 2023 No Responses

NNPCL, Norwegian Firm Seal Floating LNG Plant MoU

Nigerian National Petroleum Corporation Limited (NNPCL) has signed a memorandum of understanding (MoU) with Norwegian Golar LNG, an owner and operator of marine LNG infrastructure, to build a floating LNG plant in Nigeria. The MoU was revealed in NNPC’s social...

April 27, 2023 No Responses

Edo Distributes 3m Books To Schools

Edo State Government on Wednesday said it distributed 3.3 million textbooks and writing materials to 848 primary and 306 junior secondary schools in the state in the last five years. The state chairman of the Universal Basic Education Board (...

April 27, 2023 No Responses

Sasakawa Africa Association, Japanese Embassy Reiterates Support For Nigeria’s Agricultural Sector

The Embassy of Japan in Nigeria and Sasakawa Africa Association (formerly SG2000) have reiterated their commitment to strengthen joint efforts to help Nigeria transform the agricultural sector. The two institutions made the assurance during a courtesy visit by...

April 26, 2023 No Responses

Investors Gain N137b On Capitalised Stocks

Equities market opened the week on Tuesday on a green note with a gain of N137 billion. Market capitalisation gained N137 billion to close at N28.1 trillion as against the N27.963 trillion posted at the last trading session on Thursday....

April 26, 2023 No Responses

NGX, ETI Mull Sustainability, Market Development Partnership

Nigerian Exchange Limited (NGX) and Ecobank Transnational Incorporated (ETI) have expressed mutual interest on sustainability initiatives and overall market development. This was stated at the Closing Gong Ceremony introducing the new Group Chief Executi...

April 26, 2023 No Responses

NDDC, US Firm To Connect Niger Delta States By Rail

The Niger Delta Development Commission, NDDC, has signed a memorandum of understanding with the United States Consulate and a United States-based firm, Atlanta Global Resources Inc., AGRI, to build a railway network that will connect the nine states of the...

April 25, 2023 No Responses

Oil Palm, Poultry, Energy Most Active Sectors In Edo

The Edo State Investment Promotion Office has said the most active sectors that have attracted local and foreign investments into the state in the last two years are oil palm, poultry processing, retail sectors and Energy. In a chat with Journalists,...

April 21, 2023 No Responses

Access Holdings Declares N1.4tri Gross Earnings For 2022

Access Holdings Plc has announced gross earnings of N1.39 trillion for the 2022 financial year. The company disclosed this in its Consolidated and Separate Financial Statement for the year ended December 31, 2022, released on Thursday in Lagos. The gross...

April 18, 2023 No Responses

Stock Market Investors Lose N418b

The equities market on Monday opened the week on a negative note, shedding N418 billion due to losses in largely capitalised stocks. The All-Share Index decreased by 766.56 per cent, representing a decline of 1.48 per cent, to close at...

April 17, 2023 No Responses

NECA Rejects Fresh Tax Hike

Any attempt by the Federal Government to increase taxes will lead to a negative impact on households, individuals and businesses, the Nigeria Employers’ Consultative Association (NECA), has warned. NECA’s Director-General, Mr Adewale-Smatt Oyerinde, in a s...

April 14, 2023 No Responses

Dangote Cement Pledges Higher Returns To Shareholders

Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Spe...

April 14, 2023 No Responses

SEC Reiterates Support For Minority Shareholders

The Securities and Exchange Commission (SEC) has assured investors that the interest of minority shareholders would be protected during all transactions in the capital market.The Director General, SEC, Mr. Lamido Yuguda gave the assurance in Abuja while briefi...

April 14, 2023 No Responses

FAO: Gender Inequalities In Agriculture Costs World $1trn

The UN’s Food and Agriculture (FAO) has declared that gender inequalities in food and agriculture are costing the world over one trillion dollars, noting that leveling the playing field for women working in the sectors can bring growth and help...

April 14, 2023 No Responses

Market Capitalisation Drops By N5b

The stock market on the Nigerian Exchange Ltd. on Thursday recorded a bearish tilt as the overall capitalisation dropped by N5 billion. The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close...