Niger Delta Power Holding Company (NDPHC) on Wednesday said it was intensifying efforts to increase power supply to industrial clusters in Lagos and Ogun States through its Eligible Customer drive. Mr Chiedu Ugbo, Managing Director, NDPHC, made this known while speaking with newsmen after an inspection visit to Olorunsogo Power Generation Company in Ogun. Ugbo Read More…
The Nigerian Stock Exchange (NSE) market capitalisation crossed N14 trillion mark on the last trading day of September due to sustained confidence. Speficially, the market capitalisation on Wednesday rose by N118 billion or 0.84 per cent to close at N14.025 trillion against N13.907 trillion achieved on Tuesday. The increase in the market capitalisation was as Read More…
The Federal Executive Council (FEC) on Wednesday in Abuja approved budgetary proposal of N13.08trillion for 2021 fiscal year. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, made this known when she briefed State House correspondents on the outcome of the Council meeting. She explained that the total aggregate revenue projected for the Read More…
The Chief Executive Officer, Nigerian Bottling Company Limited (NBC), Mr Matthieu Seguin, on Wednesday said the organisation remained passionate about the growth of Nigerian youth, especially given the current challenges posed by the COVID-19 pandemic. Seguin made this known in a statement issued in Lagos, on his endorsement, alongside other corporate organisations, of the Nigeria Read More…
The Lagos Chamber of Commerce and Industry (LCCI), has said that a reversal of the current reforms on subsidy of Premium Motor Spirit (PMS) would exacerbate the challenges of the already faltering Nigerian economy. Dr Muda Yusuf, Director-General LCCI made the assertion in a statement to newsmen on Sunday in Lagos. Yusuf said the current Read More…
Lagos State Government on Sunday unveiled plans for the 2020 Lagos Economic Summit, popularly known as EHINGBETI. Mr Sam Egube, Lagos State Commissioner for Economic Planning and Budget, said at a media interaction in Lagos that the summit had been resuscitated by Gov. Babajide Sanwo-Olu for enhanced economic growth and development. Egube said that the Read More…
Activities on the Nigerian Stock Exchange on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the market capitalisation Read More…
The Federal Government says applicants will not pay any ‘facilitation fee’ to access its intervention grant for Micro, Small and Medium Enterprises (MSMEs), and cautions unsuspecting applicants against fraudsters. Mrs Mariam Katagum, the Minister of State for Industry, Trade and Investment, stated this at a news conference on the implementation process of the Survival Fund in on Thursday Read More…
The bulls continued to dominate trading on the nation’s bourse with the market capitalisation appreciating further by N107 billion on Thursday, amid gains by blue chips. Specifically, the market capitalisation inched higher by N107 billion or 0.79 per cent to close at N13.581 trillion from N13.474 trillion achieved on Wednesday. Also, the All-Share Index grew Read More…
The Lagos State Government will celebrate this year’s World Tourism Day on Sunday via a zoom event which will be livestream on Facebook for residents of the state. Uzamat Akinbile-Yusuf, Commissioner for Tourism, Arts and Culture, told newsmen on Thursday that a smaller number would join dignitaries at the physical event taking place at Lagos Read More…