Economy Archives — Page 87 of 189

September 28, 2022 No Responses

FG To Distribute 12,000 Metric Tonnes Of Grains

The Federal Government has concluded arrangements to distribute 12,000 metric tonnes of assorted grains to vulnerable Nigerians. The Director-General, National Emergency Management Agency (NEMA), Mr Mustapha Habib announced this during a visit to Governor Muhammad Badaru of Jigawa on Tuesday. “I...

September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95 per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...

September 28, 2022 No Responses

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Keb...

September 27, 2022 No Responses

Stock Market Rebounds By N87b

The Nigerian Exchange (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday. Also, the All-Share Index (ASI) increased by 162.70 basis points,.....

September 24, 2022 No Responses

FG, States, LGCs Share N673.137b For August

The Federation Account Allocation Committee (FAAC), has shared N673.137 billion with the three tiers of government as federation allocation for August. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) o...

September 23, 2022 No Responses

Stock Market Drops Further by N124b

The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0.47 per cent to close at N26.533 trillion from N26.657 trillion on Wednesday. The All-Share Index (ASI) also dropped by 231.57 points...

September 22, 2022 No Responses

Kwara Disburses N600m Grants To 30,000 Traders

The Kwara Government on Wednesday commenced the disbursement of N600 million grant to empower 30,000 women and petty traders across the 16 local government areas of the state. The Acting General Manager, Kwara State Social Investment Programme (KWASSIP), Mr Ab...

September 22, 2022 No Responses

Stock Market Loses N13b In Bearish Trading

Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday. Also, the All-Share Index lost 23.40 points or 0.05 per...

September 21, 2022 No Responses

Cross River Concessions Cocoa Processing Plant

Cross River Government has concessioned the ultra-model cocoa processing plant in Ikom, Ikom Local Government Area of the state to a private firm, AA Universal Agro Industries Ltd. The Governor, Prof. Ben Ayade, explained during the handover in Calabar....

September 20, 2022 No Responses

UBA Begins Cross-Border Transactions With PAPSS In Q4

United Bank for Africa Plc (UBA) is to commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022. Group Head, Digital Banking, UBA, Mr Kayode Olubiyi, expained on Tuesday at a.....

September 20, 2022 No Responses

Shippers’ Council Implores Stakeholders On Seaports Automation

The Nigeria Shippers Council (NSC) has urged maritime stakeholders to support ongoing automation of the nation’s seaports. Speaking as one of the panelists at the 2022 annual Finance Correspondents Association of Nigeria (FICAN) conference in Lagos, A...

September 20, 2022 No Responses

Shippers’ Council, NEXIM, NIWA, Navy, Strengthen Regional Shipping Line Partnership

The Nigeria Export-Import Bank (NEXIM) is currently working with the Nigeria Shippers’ Council (NSC), Nigerian Navy, National Inland Waterways Authority (NIWA) as part of measures to ensure smooth execution of the sub-Saharan regional shipping line project s...

September 20, 2022 No Responses

Yobe Earmarks N10.8b For Road Projects

The Yobe State Government, on Tuesday, disclosed that it will utilise N10.8 billion of the N18 billion refund received from the Federal Government on road construction projects. The News Agency of Nigeria (NAN) reports that the recent N18 billion...

September 19, 2022 No Responses

SEC, UBA, BoI, Others Elaborate On Non-Oil Export Opportunities

The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, stated this at the 2022 annual conference of the Financ...