Nigeria Archives — Page 331 of 669

February 5, 2020 No Responses

SON Destroys N480m Substandard Mobile Phone Accessories

The Standards Organisation of Nigeria (SON) has destroyed substandard mobile phone accessories worth N480 million. Director-General, Osita Aboloma, made this known at the destruction of the accessories in Epe, Lagos, on Tuesday. Aboloma, represented by Mr Obiora Manafa, Director, Inspectorate,...

February 5, 2020 No Responses

2020: Senate Passes N238.15b Budget For Customs

The Senate on Tuesday approved the sum of Two hundred and thirty-eight billion, One hundred and forty-nine million, Three hundred and Twenty-five thousand, Eight hundred and thirty-two Naira Seventy kobo (N238,149,325,832.70) for the Nigeria Customs Service fo...

February 5, 2020 No Responses

Nigeria To Stop Fish Importation

As part of effort to encourage local production, Nigeria may stop fish importation in 2020. The Minister of Agriculture and Rural Development, Sabo Nanono made this known while receiving a delegation from the National Fish Association of Nigeria (NFAN) led...

February 4, 2020 No Responses

Nigeria Acquires Six Armoured Aircraft, Helicopters, Vessel, Others For Maritime Security

By Citybusinessnews@yahoo.com — As part of measures to comprehensively tackle insecurity on Nigeria’s territorial waters and exclusive economic zone, the Federal Government has concluded arrangement to deploy its integrated maritime security infrastruc...

February 4, 2020 No Responses

NSE Opens February Trading With N160b Loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak. Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08...

February 4, 2020 No Responses

Fun Day With Nissan-Stallion Group

Guided by the vision of Enriching People’s Lives, Nissan Nigeria recently organised “fun day at the movies’ for children of Motherless Babies Home and Vigilant Heart Orphanage. According to Nissan Nigeria, these charitable homes render exempl...

February 3, 2020 No Responses

Seaports’ Infrastructure Takes Centre Stage As Hassan Bello Briefs IMF Team

By Moses Ebosele, ebosele@gotmail.com — All hands are on deck to improve state of infrastructure at Nigerian Seaports, the Executive Secretary and Chief Executive Officer of Nigerian Shippers Council (NSC), Hassan Bello, has said. Briefing a deleg...

February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...

February 2, 2020 No Responses

Nigeria Proposes 10, 000 Tractors For Farmers

The Federal Government has concluded plans to distribute over 10, 000 tractors and inputs to farmers in the 774 Local Government Areas. The Minister of Agriculture, Sabo Nanono, made the disclosure when he paid a courtesy visit to the Emir...

February 1, 2020 No Responses

Unity Bank To Pay N10m Damages

An Ondo State High Court sitting in Akure, on Friday, ruled in favour of Denki Wire and Cable Nigeria Limited, saying it could not be indebted to the tune of N51 million to Unity Bank Plc. The News Agency of...

February 1, 2020 No Responses

DPR Shuts 12 Gas Retail Shops

The Department of Petroleum Resources (DPR) has shut 12 gas retail shops located in residential areas in Zamfara, the DPR Controller in Gusau, Alhaji Ango Haruna, has said. The controller disclosed this to newsmen on Friday after a surveillance patrol...

February 1, 2020 No Responses

UBA Revamps NextGen Account

United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits. A statement issued on Friday explained that NextGen is....

January 31, 2020 No Responses

Prices Of Vehicles May Soar As NADDC Proposes 125% Import Tariff

Nigeria’s automotive sector regulator, National Automotive Design and Development Council (NADDC) has proposed 100 per cent import tariff for Fully Built Units (FBUs) and 125 per cent for used cars. The Federal Government had in November 2013, raised d...

January 31, 2020 No Responses

Market Capitalisation Drops By N41b

Transactions on the Nigerian Stock Exchange(NSE) on Thursday maintained downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent. The News Agency of Nigeria (NAN) reports that the market capi...