Economy – Page 248 – City Business News

May 21, 2020 No Responses

FG Tasks NPA Board On Trade Facilitation

The Minister of Transportation, Rotimi Amaechi, has charged the newly inaugurated board members of the Nigeria Ports Authority (NPA) to improve on trade facilitation and sea port management in the country. Amaechi gave the charge at the inauguration of members...

May 21, 2020 No Responses

Adeduntan: FirstBank Will Maximise COVID-19 Induced Opportunities

First Bank of Nigeria Limited has assured its stakeholders that it will optimally maximise the opportunities from the disruptions occasioned by the Coronavirus (COVID-19) pandemic on the economy to their advantage. Dr Adesola Adeduntan, FirstBank Chief Executi...

May 21, 2020 No Responses

Market Capitalisation Extends Growth By N158b

Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday for four consecutive days, with the key performance indicators improving further by 1.25 per cent. Consequently, the All-Share Index which opened at 24,452.23 rose by 306.16 points o...

May 20, 2020 No Responses

Nigeria Approves $454,000 For Seafarers’ Training

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved $454,000 for sea-time training for Nigerian Seafarers Development Programme organised by the Nigerian Maritime Administration and safety Agency (NIMASA). &nbs...

May 20, 2020 No Responses

FEC Approves N2.9b Fire Service Equipment For Odukpani Oil, Gas Park

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N2.9billion for the provision of water and fire service equipment in the National Oil and Gas Park to be sited in Odukpani, Cross River State The...

May 20, 2020 No Responses

NSE Market Capitalisation Sustains Growth By N130b

Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched higher by N130 billion or 1.03 per cent to clo...

May 20, 2020 No Responses

Lagos Seaports To Receive 50 Ships With Petroleum Products, Food Items

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3. The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained...

May 20, 2020 No Responses

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...

May 19, 2020 No Responses

Stakeholders Task New SEC D-G On Capital Market Master Plan Implementation

Capital market operators on Tuesday advised Mr Lamido Yuguda, nominated as the Director-General, Securities and Exchange Commission (SEC), to prioritise investor protection and effective implementation of capital market master plan, if confirmed by the Senat...

May 19, 2020 No Responses

Senate Begins Amendment Of Nigeria’s Local Content Law

The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy. The Nigerian Oil and Gas Industry Content&nbs...

May 19, 2020 No Responses

Zenith General Insurance Declares N3.06b Profit For 2019

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn...

May 19, 2020 No Responses

Delta Port To Receive Nine Vessels

The Nigerian Ports Authority (NPA) on Tuesday disclosed that nine vessels are expected to arrive at the Delta Port, Warri, between May 19 and May 30. According to NPA’s daily publication, ‘Shipping Position,’ the ships were laden with Automotive Gasolin...

May 18, 2020 No Responses

Okomu Oil Tops Gainers’ Table As Market Capitalisation Opens Week With N37b Growth

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion. Speficially, the market capitalisation which opened at N12.440 trillion rose by N37 billion to close at...

May 18, 2020 No Responses

UBA Upgrades Mobile App, Diaspora Banking, Others

The United Bank for Africa Plc (UBA), on Monday, upgraded its mobile banking applications with unique and exciting features that would make banking easy for Nigerians. Mr Sampson Aneke, the Group Head, Digital Banking, at an online media parley in...