Economy – Page 274 – City Business News

November 8, 2017 No Responses

FG to spend N35b on Housing Programme, N9.8b on Mambilla Hydro Project

The Federal Government has set aside N35.4 billion to address the housing needs of its workforce under the National Housing Programme in 2018. President Muhammadu Buhari made this known when he presented the 2018 budget proposal at the joint session...

November 8, 2017 No Responses

Relief as NSE market capitalisation rises by N29b

Investors’ wealth in Nigerian Stock Exchange (NSE) appreciated on Tuesday as the market capitalisation increased by N29 billion or 0.23 per cent to close at N12.810 trillion from N12.781 trillion recorded on Monday. Also, the All-share index increased by....

November 7, 2017 No Responses

Elumelu at Presidential Villa, implores investors on Nigeria’s business ranking

Foremost industrialist and entrepreneur, Tony Elumelu, on Monday urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the country. Speaking with Journalists after a visit to the.....

November 7, 2017 No Responses

Total top losers’ table as market capitalisation records N3b loss

Transactions on the floor of Nigerian Stock Exchange (NSE) resumed on a negative note on Monday as market capitalisation, which opened atN12.784 trillion, dropped by three billion naira or 0.02 per cent to close at N12.781 trillion. Also, the All-Share...

November 3, 2017 No Responses

Market capitalisation declines by N3b

Profit taking on Thursday curtailed the three-day growth recorded on the floor of Nigerian Stock Exchange (NSE). Specifically, market capitalisation, which opened at N12.766 trillion, dropped three billion or 0.02 per cent to close at N12.763trillion. Also...

November 3, 2017 No Responses

Buhari to present 2018 budget on Tuesday

President Muhammadu Buhari has written to the National Assembly, informing them of his readiness to present the 2018 appropriation budget on Tuesday, November 7, 2017. In a letter addressed to the Senate President Bukola Saraki and Speaker of the House...

November 2, 2017 No Responses

Customs impounds Dangote Cement truck, 9 others with 6,206 bags of rice

By citybusinessnews@yahoo.com – The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), zone ‘A’, Ikeja has seized Dangote Cement Truck, nine others with not less than 6,206 bags of smuggled rice. Briefing Journalists on ...

November 2, 2017 No Responses

Heritage Bank partners IFCOD on use of art performance for economic development

As part of its commitment to the growth and socio-economic development of Nigeria’s creative industry, Heritage Bank Plc has seal partnership with the organizers of the International Festival of Contemporary Dance (IFCOD) to host the second edition of ...

November 1, 2017 No Responses

N22 lifts Nestle to N1,252 per share

By citybusinessnews@yahoo.com – Transactions on the floor of Nigerian Stock Exchange (NSE) continued on Tuesday on a positive note as market capitalisation gained N67 billion or 0.53 per cent to close at N12.694 trillion compared with N12.627...

October 31, 2017 No Responses

Total Nigeria, Forte Oil top gainers’ table

By citybusinessnews@yahoo.com – Transactions on the floor of Nigerian Stock Exchange (NSE) resumed on Monday on a positive note as market capitalisation increased by N8 billion or 0.06 per cent to close at N12.627 trillion compared to N12.61...

October 30, 2017 No Responses

Nigerian Breweries declares N7.9b interim dividend

By citybusinessnews@yahoo.com – For the nine (9) months ended September 30, 2017, the Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion. In the statement of the result sent to Nigerian Stock Exchange (NSE...

October 30, 2017 No Responses

Emefiele at London Stock Exchange, explains highest ROI in Nigeria

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged investors to come over to Nigeria, declaring that the nation’s Return on Investment (ROI) in all sectors of the economy are among the best in the world. Addressing...

October 30, 2017 No Responses

Osinbajo: It’s in Nigeria’s interest to promote transparency in extractive sector

Nigeria will continue to embrace transparency in the extractive sector because it is in the country’s overriding national interest to do so, Vice President, Yemi Osinbajo, has said. Prof. Osinbajo stated this during a bilateral meeting with the Chairman of...

October 30, 2017 No Responses

Oando: Shareholders seek accelerated forensic audit

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos. According to the shareholders, the investigation should be detailed and “without any fear or favour”. Under t...