Economy Archives — Page 205 of 231

May 25, 2017 No Responses

Dangote Cement Shareholders approve N144.8b for 2016 dividend, seeks bonus

Shareholders of Dangote Cement Plc on Wednesday in Lagos endorsed proposal by the Board of company to set aside N144.8billion for 2016 dividend, indicating N8.50 kobo per share as against N8 per share paid in the corresponding period of 2015...

May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...

May 24, 2017 No Responses

NSE Photo News

L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Apostle Hayford Alile, Pioneer Director-General, NSE; Oscar N. Onyema, OON, CEO, NSE; Abimbola Ogunbanjo, First Vice President, NSE andAyo Gbeleyi, Ma...

May 23, 2017 No Responses

Heritage Bank partners RIMAN on best practice in risk management

Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution. President of RIMAN, Mr Jude Mon...

May 23, 2017 No Responses

IITA donates 35,930 kilograms ‘Seeds of Renaissance’ to Borno

The International Institute of Tropical Agriculture (IITA) on Monday donated about 35,930 kilograms of seeds to the Borno state government as part of efforts to cushion the humanitarian crisis in the northeastern part of Nigeria. The donation is an...

May 23, 2017 No Responses

NSE Photo News

L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Oscar N. Onyema, OON, Chief Executive Officer, NSE; Mr Olusegun Awolowo; Executive Director/CEO NEPC and Mr George Enyienkon, Director Export Develo...

May 22, 2017 No Responses

Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

For the year ended December 31, 2016, Dangote Flour Mills Plc has declared profit before tax of N11.82billion The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the...

May 22, 2017 No Responses

‘Embracing animation technology will boost Nigeria’s entertainment industry’

The Minister of Information and Culture, Alhaji Lai Mohammed, has made a strong pitch for Nigeria to embrace the growing Animation technology in order to benefit from what has become a $300-billion industry and which represents 25% of the global audiovisu...

May 22, 2017 No Responses

‘Amendment of NLNG Act will discourage foreign direct investment’

The amendment of the Nigeria LNG Limited (NLNG) Act (Fiscal, Guarantees, Assurances, and Incentives) by the House of Representatives on May 9, 2017 will subject the company to more than just the 3% Niger Delta Development Commission (NDDC) levy due...

May 18, 2017 No Responses

WFE responds to EC’s consultation on operation of european supervisory authorities

The World Federation of Exchanges (“WFE”) has responded to the European Commission’s Public Consultation on the Operations of the European Supervisory Authorities (ESAs). While the consultation has an EU focus, there are some items that are relevant t...

May 18, 2017 No Responses

Forex: CBN releases list of 36 items

The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public, CBN explained that the list of...

May 17, 2017 No Responses

Africa needs new financing models to bridge development gaps, says Osinbajo

Acting President, Yemi Osinbajo, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the continent. He stated this on Tuesday at a forum to mark Africa Finance Corporation’s...

May 17, 2017 No Responses

Nine ministers present mid-term report as Audu Ogbeh blames high cost of local rice on interest rate

Not less than nine Ministers attended a special edition of the Federal Government’s town hall meeting in Abuja on Tuesday. They are Minister of Agriculture and Rural Development, Audu Ogbeh; Minister of Power, Works and Housing, Babatunde Fashola; Minist...

May 17, 2017 No Responses

Edo to boost forex with rubber

Edo State Governor, Mr. Godwin Obaseki has declared his administration’s readiness to reposition the state at the vanguard of rubber production and processing in order to increase foreign exchange earnings. This was as he received the management of the Rub...