Trade Archives — Page 7 of 9 — City Business News

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 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...

October 28, 2017 No Responses

Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals. Trading in the shares on the...

October 10, 2017 No Responses

Coronation Merchant Bank Photo News

L – R shows Onome Komolafe, Executive Director, Enterprise Support, Coronation Merchant Bank; Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Abubakar Jimoh, Managing Director, Coronation Merchant Bank; Ai...

September 19, 2017 No Responses

Customs impounds Dangote truck with N47m smuggled poultry products

The Nigeria Customs Service (NCS) has impounded a truck in Ogun State belonging to Dangote Cement with about 3,000 cartons of smuggled frozen poultry valued at over N47 million. NCS Comptroller in Ogun State, Sani Magudu, explained on Monday...

September 15, 2017 No Responses

Nestle acquires coffee firm for $500m

Nestle has bought control of the California based specialty coffee business Blue Bottle Coffee. The Swiss food and drink multi-national acquired a controlling stake for a reported price of $500m (£370m) . With its Nescafe instant coffee and Nespresso brands,....

September 12, 2017 No Responses

Customs intercepts 1,100 pump action rifles

The Nigerian Custom Service (NCS) Tin-Can Island Command has impounded 1,100 pump action rifles. This bring to a total of about 2110 pump action rifles so far impounded in Lagos in the last seven months. The Comptroller General of the...

September 5, 2017 No Responses

Iyalode Alaba Lawson resumes as Advisory Board Chairperson of US-Nigeria Trade Council

The US-Nigeria Trade Council (USA) has announced Iyalode Alaba Lawson as its new Chairperson. According to the Council, Iyalode Alaba Lawson is to provide leadership and overall guidance and direction, in the programs, policy and strategic efforts to impr...

August 22, 2017 No Responses

LCCI, SME Group to hold annual seminar on ease of doing business

The Small and Medium Enterprise (SME) Group of the Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organized private sector (OPS) in Nigeria, is set to hold its annual seminar....

August 22, 2017 No Responses

IITA-CWMP signs agreements with 136 farmers

The International Institute of Tropical Agriculture led Cassava Weed Management Project (IITA-CWMP) has commenced signing of agreements for the setting up of 136 demonstration plots with farmers across four states in Nigeria. The for states are Abia, Ben...

August 9, 2017 No Responses

Edo to set up export processing centres

The Governor of Edo State, Mr. Godwin Obaseki, has announced plans by his administration to set up Export Processing Zones in the state. He made the announcement when members of the Edo State Exporters Cluster, paid him a courtesy visit...

July 27, 2017 No Responses

NSE Photo News

L – R:Sanusi Musa, Securities and Exchange Commission (SEC) Nigeria; Godstime Iwenekhai, The Nigerian Stock Exchange (NSE); Tinuade Awe, General Counsel and Head, Regulation, NSE; Kencho Omojafor, Medview Airline Plc and John Bentur, Securities and Exchange ...

July 19, 2017 No Responses

UBA lifts NSE’s activity chart

The United Bank for Africa (UBA) on Tuesday sustained its growth profile on the floor of Nigerian Stock Exchange (NSE) with a turnover of 2.09 billion shares valued at N19.76Billion. At the end of trading activities on Tuesday, a total...

July 5, 2017 No Responses

Citibank grants N500m loan for microfinance development in Nigeria

Citibank Nigeria has extended a loan of N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive and promote the development of the microfinance sector in Nigeria. This loan will fund Accion’s loan portfolio and support the...