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Friday, January 17, 2020

With N150bn Gain, Stock Market Rebounds

With N150bn Gain, Stock Market Rebounds   The stock market witnessed a rebound from its two-day losing streak on Thursday. Gains resurfaced in the equities market as...

Nigeria-Turkey Strengthen Trade Relations

Nigeria-Turkey Strengthen Trade Relations   The Minister of Industry, Trade and Investment, Adeniyi Adebayo, has said that the Nigeria- Turkey business forum would strengthen bilateral cooperation...

C/River, CBN, Farmers Sign MoU On Rice Seedlings

C/River, CBN, Farmers Sign MoU On Rice Seedlings   Cross River State government on Thursday signed a Memorandum of Understanding with the Central Bank of Nigeria...

Foreign Investors Withdrew N481.96bn In Eleven Months

Foreign Investors Withdrew N481.96bn In Eleven Months   Foreign Portfolio Investors withdrew a total of N481.96bn from the stock market between January and November 2019. The latest...

VAT Increase May Raise Vehicle Prices, Airfares

VAT Increase May Raise Vehicle Prices, Airfares   There are indications that the increase in the rate of the Value Added Tax as spelt out in...
electricity

Siemens, Ghana Sign €250m Electricity Pact

Siemens, Ghana Sign €250m Electricity Pact   Siemens has signed a memorandum of understanding with the Republic of Ghana to upgrade the nation’s electricity grid using...

Nigeria’s Rice Import Declines By 3.7MMT – NEPC

Nigeria’s Rice Import Declines By 3.7MMT - NEPC   Nigeria’s import of foreign rice must have declined by 3.7 million metric tonnes, the Nigeria Export Promotion...

Petrol Subsidy Averages N45.87/litre As Oil Prices Drop

Petrol Subsidy Averages N45.87/litre As Oil Prices Drop   The Federal Government currently incurs an average of N45.87 as subsidy on every litre of petrol consumed...

Nigeria’s Daily Oil Production Decreases To 1.57m Barrels

Nigeria’s Daily Oil Production Decreases To 1.57m Barrels   Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month,...

Farmers Worry Over Low Quality Oil Palm In Nigeria

Farmers Worry Over Low Quality Oil Palm In Nigeria   Oil Palm Growers Association of Nigeria (OPGAN), has expressed concern over low quality of palm oil...

Ecobank To Share N70bn In Agric Financing Scheme

Ecobank To Share N70bn In Agric Financing Scheme   Ecobank Nigeria has announced an Agricultural Business Finance Scheme, where it plans to disburse an additional loan...

Stock Market Sheds N181bn To Halt Gaining Streak

Stock Market Sheds N181bn To Halt Gaining Streak   The gaining streak of the stock market was halted on Tuesday as profit taking dragged the market...

In 2019, Customs MMA Area Command Earned N56.4bn

In 2019, Customs MMA Area Command Earned N56.4bn   The Nigeria Customs Service (NCS), Murtala Muhammed Airport (MMA), Lagos Area Command generated N56.4 billion revenue in...

FG Dominates NSE Bond Market, Raises N2.98trn In 2019

FG Dominates NSE Bond Market, Raises N2.98trn In 2019   The Chief Executive Officer, Nigerian Stock Exchange, Mr Oscar Onyema, said capital raising at the NSE...

Shipping Firm Ups Freight Rate To Nigeria Ports

Shipping Firm Ups Freight Rate To Nigeria Ports   Effective next Monday, importers would have to pay more for their cargoes, as shipping firm increases freight...

Through 11,000bpd Refinery, DPR Plans To Strengthen Local Refining

Through 11,000bpd Refinery, DPR Plans To Strengthen Local Refining   The Department of Petroleum Resources (DPR), yesterday, reiterated the need to strengthen local refining of petroleum...

Support Farmers To Crash The Price Of Rice, RIDAN Urges FG

Support Farmers To Crash The Price Of Rice, RIDAN Urges FG   The Rice Distributors Association of Nigeria has called on federal government to do more...

NSE Recovers N1.44bn Shares For Investors In 2019

NSE Recovers N1.44bn Shares For Investors In 2019   The Nigerian Stock Exchange said it was able to recover N1.44bn worth of shares for investors in...
dangote

Dangote Targets $30bn In Revenue, Lauds FG On Agriculture Revolution

Dangote Targets $30bn In Revenue, Lauds FG On Agriculture Revolution   President of Dangote Group, Aliko Dangote has projected a turnover of $30 billion for his...

Despite CBN Directive, Petrol Stations, Malls Still Charge N50 Stamp Duty

Despite CBN Directive, Petrol Stations, Malls Still Charge N50 Stamp Duty   Despite the repeated clarification and caution from the Central Bank of Nigeria (CBN) and...