Economy – Page 272 – City Business News

December 6, 2017 No Responses

Ministry tackles BUA Group over alleged illegal mining activities

The Ministry of Mines and Steel Development has described a publication signed by the Executive Chairman of the BUA Group, Abdulsamad Rabiu as misleading. According to the Ministry, the publication Titled:“A cry for Help: Wanton Abuse of Power By...

December 5, 2017 No Responses

Access Bank unveils growth agenda, explains 351 new branches

Foremost financial institution, Access Bank Plc on Monday announced new five-year strategy with an ambitious plan to become Africa’s Gateway to the World. Briefing stakeholders at the Nigerian Stock Exchange (NSE), the Bank explained that development is t...

December 4, 2017 No Responses

FG appoints Abdul Zubair acting DG of SEC

The Federal Government has appointed Dr. Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission. ...

December 1, 2017 No Responses

Nigeria to commence implementation of revised import, export guidelines January 1, 2018

By Moses Ebosele, ebosele@hotmail.com – Nigeria is to commence implementation of the 2017 Revised Import and Export Guidelines on January 1, 2018. Speaking at a sensitisation workshop in Lagos on Thursday, the Minister of Finance, Mrs Kemi.....

December 1, 2017 No Responses

Investors Stake N35.1b on 14.2billion Shares In Four Days

A total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals were traded between Monday and Thursday this week by investors on the floor of NigerianStock Exchange (NSE) in contrast to a total of 2.182 billion shares valued...

December 1, 2017 No Responses

NLC faults mass sack of local govt workers in Kaduna

The Nigeria Labour Congress (NLC) has described the reported mass sack of about five thousand local government workers by the Kaduna State Government as illegal. A statement issued by the NLC president, Ayuba Wabba, said the mass sack “violates the...

November 30, 2017 No Responses

FG suspends SEC DG, two others

The Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo and two others have been suspended from office by the Minister of Finance, Mrs. Kemi Adeosun as the Federal Government launches investigation into several allegations of...

November 29, 2017 No Responses

Infinity Tyres Debuts in Lekki, Flags off 2017 Value Drive Promo

By Moses Ebosele, ebosele@hotmail.com – Infinity Tyres Limited, Nigeria’s leading tyre, battery and premium automobile accessories brand has concluded plans to open a full-fledged branch in Lekki, Lagos State in the first week of December, 2017 t...

November 29, 2017 No Responses

Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b

Nigerian Breweries on Tuesday recorded the highest price gain of N6.43 to lead the gainers’ table and closed at N137.60 per share. Stanbic IBTC followed by a gain of N1.85 to close at N41.85, while Dangote Cement increased by...

November 28, 2017 No Responses

Oando: Shareholders insist on interim management

Shareholders of Oando Plc have advised the current management of the company under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders. A Federal High Court sitting in Lagos had last week dismissed...

November 27, 2017 No Responses

Ministry faults ‘flagrant abuse of import duty waivers by some NGOs, importers’

The Federal Ministry of Finance has alleged attempts by some importers and Non-Government Organisations (NGOs) to malign the name of the Minister of Finance, Mrs. Kemi Adeosun over “spurious claims of refusing to grant import duty waivers in respect of...

November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend. In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....

November 24, 2017 No Responses

Investors stake N1.14b on UBA shares as market capitalisation records N28b growth

United Bank for Africa (UBA) on Thursday emerged the toast of investors with a turnover of 116.63 million shares valued at N1.14 billion on the floor of NigerianStock Exchange (NSE). Access Bank followed with 98.34 million shares worth N987.63 million,...

November 24, 2017 No Responses

2017 Budget: FERMA gets N800m out of N25b

Out of the N25billion budget of the Federal Roads Maintenance Agency (FERMA), only N800million has been received, the Minister of Power, Works & Housing, Babatunde Fashola has said. Briefing members of the Senate Committee on Federal Roads Maintenance A...