Economy – Page 233 – City Business News

August 19, 2020 No Responses

NPA Receives 18 Ships At Lagos Port Complex

Eighteen ships laden with food items and other goods have arrived Lagos Port Complex waiting to berth. According to Nigerian Ports Authority (NPA) publication, `Shipping Position’, the ships are carrying containers, general cargo and gypsum. NPA explained that...

August 18, 2020 No Responses

Lagos Empowers 800 Rice Farmers

The Lagos State Government ( LASG) has empowered no fewer than 800 rice farmers in the state with preferred high yielding Farrow 44 seeds, new high quality knapsack sprayers, rain boots and farm coats. The State Acting Commissioner for Agriculture,...

August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks. Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...

August 18, 2020 No Responses

Dollars Scarcity Worsens, Naira Drop To N480

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading...

August 18, 2020 No Responses

COVID-19 May Claim 400,000 Shipping Industry Jobs

The shipping industry could lose up to 40,000 jobs as more than 50% of the people in shipping lines work from home now due to the coronavirus pandemic, Lars Jensen, CEO, SeaIntelligence Consulting believes. “COVID-19 has proven that our...

August 17, 2020 No Responses

NACCIMA Seeks Stronger Nigeria, Indonesia Agribusiness Ties

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for closer ties between Nigeria and Indonesia, especially in the area of agribusiness technology. The National President, NACCIMA,Hajiya Saratu Iya Aliyu,...

August 17, 2020 No Responses

Market Capitalisation Records N35b Loss

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments. Market capitalwithion, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close...

August 16, 2020 No Responses

Hassan Bello: Rail Remains Game Changer For Nigeria’s Economy

Rail transport remains game changer for Nigeria’s economy and future, Executive Secretary of Nigerian Shippers’ Council (NSC ), Hassan Bello, has said Speaking on the sideline during the inspection tour of the Lagos-Ibadan rail project ...

August 16, 2020 No Responses

NPA Receives Largest Container Vessel Ever At Onne Ports

The Nigerian Ports Authority (NPA) on Sunday announced the berthing of the biggest container vessel to ever dock at a Nigerian Seaport. General Manager, Corporate and Strategic Communications, Mr Adams Jatto, in a statement explained that the ...

August 16, 2020 No Responses

SEC Nigeria Holds 1st CMC Meeting In 2020

The Securities and Exchange Commission (SEC) on Sunday announced that the first Capital Market Committee (CMC) meeting in 2020 is scheduled to hold from Thursday August 20 to Friday August 21, 2020. A CMC Meeting planned for April 2020 could n...

August 16, 2020 No Responses

DPR Pledges To Create Business Opportunities In Oil, Gas Industry

The Department of Petroleum Resources (DPR) has promised to use its regulatory framework to continue to create opportunities and enable businesses in the oil and gas industry. A statement by Mr Paul Osu, the Head, Public Affairs in DPR,...

August 13, 2020 No Responses

MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent

Transactions maintained upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains. Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with...

August 13, 2020 No Responses

Nigerian Navy, NEXIM Bank Seal Inland Waterways MoU

The Nigerian Navy on Thursday signed a Memorandum of Understanding (MoU) with the Nigerian Export-Import Bank (NEXIM), to open up the nation’s inland waterways to boost maritime movement of goods and service. The aimed to enhance economic trade and....

August 10, 2020 No Responses

Nigeria Inaugurates Gas Network Code

The Federal Government has inaugurated the Nigeria Gas Transportation Network Code to deepen the growth of gas market in the country. The Minister of State for Petroleum Resources, Chief Timipre Slyva, disclosed this at the Virtual launch of The Go-Live...