The National Bureau of Statistics (NBS) says Lagos State recorded the highest Internally Generated Revenue (IGR) of N204.51 billion in the first half of 2020. The NBS made this known in its Internally Generated Revenue at State Level (H1 2020) report made available on its website on Tuesday. It said the second state with the Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has advised policy makers on the formulation and implementation of policies to facilitate sustainability as business operators grapple with the devastating impact of the COVID-19 pandemic. Mrs Toki Mabogunje, President, LCCI. gave the advice at a press conference on the state of the economy, on Tuesday in Read More…
The nation’s bourse opened trading on Monday with a growth of N297 billion following gains by some highly capitalised stocks. Specifically, the market capitalisation inched higher by N297 billion or 2.11 per cent to close at N14.402 trillion from N14.105 trillion recorded on Friday. Similarly, the All-Share Index increased by 568.72 points or 2.11 per Read More…
The Nigerian Maritime Administration and Safety Agency (NIMASA), has issued a three-month ultimatum to companies engaged in cabotage services in Nigeria, to register all vessels used in coastal and inland waters for such operations. Mr Philip Kyanet, Head, Corporate Communications, NIMASA, issued the ultimatum in a statement on Sunday in Lagos. Kyanet said that in Read More…
The Lagos State Government has paid over N1 billion as accrued pension rights to 219 retirees in the state’s public service for the month of September. Mr Babalola Obilana, Director-General, Lagos State Pension Commision (LASPEC), in a statement on Friday, said the beneficiaries received their bonds at the 79th batch retirement bond presentation in Lagos. Read More…
The management of Chevron Nigeria Limited (CNL) says it has no plans to migrate Nigerian jobs outside the country. CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday. Brikinn spoke following an allegation by the Petroleum and Natural Gas Senior Staff Association of Nigeria that Read More…
The federal government says with the linkage of 156km Lagos-Ibadan standard gauge rail line to Apapa seaport and construction of dry port in Omi Adio, near Ibadan, the perenial congestion in Apapa will be a thing of past. The Minister of Information and Culture, Alhaji Lai Mohammed stated this on Friday when he featured on Read More…
The nation’s bourse resumed trading for the month of October on a positive trend, amid gains recorded by Dangote Cement and MTN Nigeria Communications. Speficially, the All-Share Index on Friday rose by 172.01 points or 0.64 per cent to close at 26,985.77 compared with 26,813.76 achieved on Wednesday. Also, the market capitalisation inched higher by Read More…
Mr Atedo Peterside, the founder of Stanbic IBTC Holdings Plc, on Thursday said that government needed to provide guarantees for pension funds investment in infrastructure activities to avoid risk. Peterside disclosed this at the “The PlatformNG60” organised by Covenant Christian Centre in Lagos, anchored by Pastor Poju Oyemade. The Platform is non profit initiative by Read More…
The Lagos State Government says it is already laying the foundation for the state to be the technology hub of not only Nigeria but of West Africa. Gov. Babajide Sanwo-Olu said this on Thursday at the launch of Zinox Tech Experience Centre in Lagos. The governor, who was represented by his Deputy, Dr Obafemi Hamzat, Read More…