Economy – Page 230 – City Business News

September 23, 2020 No Responses

NAHCO Introduces Disinfection Services For Airlines

The Nigerian Aviation Handling Company Plc (NAHCO), has introduced its disinfection service to all its client- airlines, in a bid to continually combat the dreaded COVID-19 pandemic and keep air travellers safe. In a statement issued on Wednesday by Head, Corporate...

September 23, 2020 No Responses

Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity...

September 23, 2020 No Responses

Ecobank Boss Implores Africa On Trade Facilitation, Wealth Creation

The Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi has reiterated that African countries must adopt a continent wide approach to business and also focus on wealth creation to be relevant in the global value chain. &nb...

September 15, 2020 No Responses

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms

The World Federation of Exchanges (WFE) has issued a Guidance Note, aimed at policy questions arising from any resurgence of market volatility. In particular, the WFE’s Guidance focuses on how exchanges create fair and orderly markets; and why, when...

September 15, 2020 No Responses

OPay Partners WorldRemit On International Money Transfer

Opay, A Nigerian financial service technology company, has partnered WorldRemit, a global digital payment platform, on direct transfer of money into its mobile wallets in the country. In a statement on Tuesday, Opay’s Director of Remittance Service, Mr...

September 10, 2020 No Responses

Continental Reinsurance Acquires Botswana Subsidiary

Continental Reinsurance Plc on Thursday announced a change in the ownership structure of Continental Reinsurance Ltd Botswana. After its recent acquisition of a minority 40% stake in the company, through its holding company, CRAFIL, from Botswana Insu...

September 10, 2020 No Responses

Lagos-Ogun Mass Transit Trains Resumes Monday, Increases Fares

The Nigerian Railway Corporation (NRC) has announced the resumption of Lagos-Ogun Mass Transit Train Services (MTTS) from Monday after five months of suspension to contain the spread of COVID-19 pandemic. A statement issued on Thursday by District Public ...

September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting. Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...

September 9, 2020 No Responses

FBNQuest Funds Invests N20b In 70 firms

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc has invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this on Wednesday at a virtual F...