The National Bureau of Statistics (NBS) says inflation rate in September rose by 0.49 per cent to 13.71 per cent from 13.22 per cent recorded in August. NBS made this known in its Consumer Price Index (CPI) for September released on Thursday in Abuja. It said the increase in the inflation in September was on Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has unveiled plans to host the 2020 edition of the Lagos International Trade Fair to promote trade and drive industrialisation. Mr Gabriel Idahosa, Chairman, Trade Promotion Board, LCCI, made this known at a press conference on Tuesday in Lagos. Idahosa said the 2020 edition of the Lagos Read More…
The Nigerian Stock Exchange (NSE) recorded marginal growth on Tuesday, appreciating by 0.02 per cent on renewed bargain hunting to halt downward posture of four consecutive trading sessions. Specifically, the All-Share Index increased by 6.55 points or 0.02 per cent to close at 28,344.04 compared with 28,337.49 posted on Monday. Similarly, the market capitalisation which Read More…
Egbin Power Plc says it is committed to the continuous sustainability of the environment and its resources for the benefit of future generations. Mr Temitope Shonubi, Chairman, Board of Directors, Egbin Power Plc, gave the assurance on Tuesday while inaugurating electric buggies and bicycles at the electricity generation company’s complex at Ijede in Ikorodu area Read More…
Vice President Yemi Osinbajo says audit process in Ministries, Departments and Agencies (MDAs) is a critical strategy in curbing misappropriation of public fund. Osinbajo expressed this view at the Virtual Workshop of the Office of the Auditor-General of the Federation on Monday. The Vice President commended the Office of the Secretary to the Government as Read More…
The nation’s bourse opened trading on Monday on a negative trend with the market indicators declining by 0.27 per cent, amid sell pressure in 16 stocks. Specifically, the All-Share Index dipped 77.82 points or 0.27 per cent to close at 28,337.49 from 28,415.31 achieved on Friday. Also, the market capitalisation which opened at N14.852 trillion Read More…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has recovered and paid into the Federation Account more than N474 million from Guinness Nigeria Plc unremitted excise duty. The Public Relations Officer of RMAFC, Mr Christian Nwachukwu made the disclosure in a statement on Monday in Abuja. According to the statement, the commission’s Chairman, Mr Elias Read More…
Alhaji Garba Abubakar, the Registrar-General, Corporate Affairs Commission (CAC), says the Companies and Allied Matters Act, 2020 (CAMA 2020) will reduce the burden of starting and running small businesses in Nigeria. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. He said that the provisions of Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reform of the Nigeria Customs Service (NCS) to complement government and private sector’s efforts at economic recovery. Dr Muda Yusuf, the Director-General of LCCI made the call in a statement to newsmen on Sunday in Lagos. Yusuf said the NCS procedures and processes Read More…
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their Read More…
