Economy – Page 241 – City Business News

June 8, 2020 No Responses

Airtel Africa Celebrates 10 Years Milestone With 110m Customers

Airtel Africa, a telecommunications provider in 14 countries across sub-Saharan Africa, celebrates its 10-year anniversary in June, the company said in a statement on Monday.The company said in the statement that over the past decade it had supported social transformation...

June 8, 2020 No Responses

IITA: Cassava Seed System Profitable For Players In Value Chain

The cassava seed system is profitable across the value chain, the International Institutes of Tropical Agriculture (IITA) has said. In a statement issued on Sunday, IITA Project Director, Dr Hemant Nitturkar explained that the Building and Economically Su...

June 7, 2020 No Responses

Tomatoes’ Price Soar In Enugu Markets

Price of tomatoes has soared by about 60 per cent in some major markets in Enugu, the News Agency of Nigeria (NAN) reports. A NAN survey conducted on Saturday revealed that a big basket of tomatoes, which cost N16,000 some...

June 7, 2020 No Responses

“Post-COVID Recovery Should Lock In Ocean Sustainability“

The Commonwealth Secretary-General, Patricia Scotland is urging governments to ensure their countries’ post-COVID economic recoveries are environmentally sustainable and safe for the ocean. Forty-seven of the Commonwealth’s 54 member countries ha...

June 5, 2020 No Responses

UNCTAD Appoints Dona Bertarelli Special Adviser For Blue Economy

Dona Bertarelli, the fastest woman to sail around the world, philanthropist, ocean conservation advocate and entrepreneur, has been named theUNCTAD Special Adviser for the Blue Economy. Ms. Bertarelli will help UNCTAD promote a sustainable blue economy, partic...

June 5, 2020 No Responses

Profit Taking: NSE Slides Further By N155b

Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalisation dipped N155 billion or 1.17 per cent to close at N13.049 trillion compared with N13.2...

June 5, 2020 No Responses

UBA Rewards 100 More Customers With N100,000 Each

United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. A statement sent to City Business News (www.citybusinessnews.com) on Friday explained that the 100 customers...

June 5, 2020 No Responses

Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel has said.Under the wide-ranging measures outlined in a 15-page document, value-ad...

June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 poste...

June 4, 2020 No Responses

FBNQuest Educates Nigerians on estate planning, wealth transfer

FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is offering expert guidance on estate planning as an important requirement for successful wealth transfer. In a statement on Thursday, Mr Adekunle Awojobi, FBNQuest Managing Director, explained that through ...

June 4, 2020 No Responses

NPA To Receive 17 Ships With Petroleum Products, Wheat, Frozen Fish, Others

The Nigerian Ports Authority (NPA) is expecting 17 ships laden with petroleum products, food items and other goods. NPA explained on Thursday through its publication, Shipping Position, that the ships are expected to arrive at the Lagos Ports between June...

June 3, 2020 No Responses

FEC Approves Refunds of N148b To Rivers, Ondo, Bayelsa, Others

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved refund of N148billion expended on federal roads by Rivers, Cross River, Ondo, Bayelsa and Osun states. The Minister of Information and Culture, Alhaji Lai M...

June 3, 2020 No Responses

Nigerian Content Board intervenes in NLNG, Macobarb N970m Rift

The Nigerian Content Development and Monitoring Board (NCDMB), has waded into the N970 million dispute between the Nigeria Liquefied Natural Gas (NLNG), and a Nigerian company, Macobarb International.News Agency of Nigeria (NAN) gathered that the N970 million ...

June 3, 2020 No Responses

Customs Impounds N253m Smuggled Items

The Nigeria Customs Service (NCS) in Kebbi State confiscated various smuggled items valued at N253 million betweem February and May, 2020. The Kebbi Area Comptroller of Customs, Yusuf Garba, made the disclosure at a press briefing in Birnin Kebbi on...