Economy Archives — Page 198 of 222

May 3, 2017 No Responses

NECA explains inability to pay national minimum wage

Nigeria Employers’ Consultative Association (NECA) has urged Stakeholders in the Socio-labour community and players in the Nigerian Industrial Relations’ System to be circumspect in their approach to the heated issue on the review of the National Minimum Wage. Speaking...

May 3, 2017 No Responses

2,000 seafarers affected by Piracy in West Africa in 2016, says report

There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the state of maritime piracy released by the Oceans Beyond Piracy (OBP) programme has indicated. Last year’s rise in...

April 30, 2017 No Responses

Aisha Buhari empowers 1000 women in Kano

The first batch of beneficiaries of the Women Empowerment Programme organized by Aisha Buhari Foundation in Kano concluded their training on Friday. A statement issued by Director of Information to the Wife of the President, Suleiman Haruna, explained tha...

April 29, 2017 No Responses

UBA posts N22.4b profit in first quarter

For the first quarter ended March 2017, United Bank for Africa Group (UBA) recorded Profit After Tax of N22.4billion, indicating 32 percent year-on-year growth compared to N17.0 billion achieved in the corresponding period of 2016. The group also sustained...

April 28, 2017 No Responses

Ecobank merges 74 branches, explores digital strategy

Ecobank Nigeria Limited has reaffirmed its digital transformation agenda enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development the bank will have enhan...

April 28, 2017 No Responses

NSE, London Stock Exchange renew capital market agreement

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday in Lagos announced the renewal of their strategic capital markets partnership agreement at the Nigerian Stock Exchange (NSE). Under the arrangement, the renewal extends t...

April 28, 2017 No Responses

Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank Plc on Thursday reported unaudited financial results for the first quarter (Q1) ended March 31, 2017, indicating an increase of 38% in Profit before Tax, “which rose to N31.2 billion when compared to ₦22.6 billion in Q1 2016....

April 27, 2017 No Responses

Transcorp declares 20 % growth in revenue

For the first quarter ended March 31, 2017, Transnational Corporation of Nigeria Plc (Transcorp), has announced total revenue of N13.2billion representing a 20% increase when compared to the Group’s performance of N15.8billion in the corresponding period of...

April 26, 2017 No Responses

Nigerian Breweries targets 60 per cent local raw materials before 2020

As part of measures to sustain growth and ensure profitability for all stakeholders, Nigerian Breweries Plc is to attain 60 per cent sourcing of its raw materials before the year 2020. Briefing Journalists on Tuesday in Lagos on the...

April 24, 2017 No Responses

BPE boss pledges to step up post-privatization monitoring activities

The new Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has formally resumed at the Bureau in Abuja with a pledge to ensure that privatized enterprises in the country give services to the generality of Nigerians. ...

April 21, 2017 No Responses

Volumes in global derivatives hits 24.9b contracts

The World Federation of Exchanges (WFE) on Thursday published its annual report into the global derivatives market. According to WFE, Thursday’s report coincides with the WFE’s 34th IOMA Clearing & Derivatives Conference, taking place in Frankfurt, ...

April 20, 2017 No Responses

Don’t scrap PEF, group tells FG

Insinuations that the Federal Government plans to scrap the Petroleum Equalization Fund (PEF) has been condemned by a socio-cultural group, United for a Better Nigeria (UFBN) on grounds that such action would cause more hardship for Nigerians. Speaking at a...

April 19, 2017 No Responses

World Economics: Nigeria out of recession

The Nigerian economy is looking up, signalling an end of the recession, the World Economics declared on Tuesday. However, the London based organisation cautioned that “conditions remain difficult for businesses.” According to the body,“April Sales Manage...

April 17, 2017 No Responses

China’s first quarter growth beats expectations at 6.9%

(BBC) China’s economy grew by 6.9% in the first quarter of 2017, according to official figures. The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many economists had forecast. State-led...