The Lagos Chamber of Commerce and Industry (LCCI) has called for inclusion and engagement of the Organised Private Sector (OPS) in the Economic Sustainability Plan (ESP) Committee for economic recovery during and after COVID-19 pandemic. Mrs Toki Mabogunje, LCCI President, made the call at the Chamber’s third edition on the state of the Nigerian Economy Read More…
Business
Nigeria’s bourse simplifies capital market investment with comic book
The Nigerian Stock Exchange (NSE) has reiterated its commitment to promoting financial literacy with its comic series, ‘StockTown’, issued to simplify ways of investing in the Capital Market. Mr Olumide Orojimi, the Head, Corporate Communications, NSE, said in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos that the Read More…
CBN moves to ban importation of maize
PICTURE ABOVE: Ears of orange maize lines following harvesting, on experimental plots at the Zambia Agriculture Research Institute (ZARI). (Via CIMMYT on Flickr) The Central Bank of Nigeria (CBN) has directed all athorised dealers to discontinue the processing of Form M for the importation of maize with immediate effect. The CBN made this known in a Read More…
16 ships arrive Lagos ports with food items, other goods
The Nigerian Ports Authority (NPA) said on Monday that 16 ships laden with food items and other goods had arrived Lagos Port Complex, waiting to berth. NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos. It said that the Read More…
Nigeria’s stock market opens week with N55bn loss
The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion. Also, the All-Share Index (ASI) dipped 105.76 points or 0.44 per cent to close at Read More…
NPA expects 14 ships with petroleum products, others at Lagos port
PICTURE ABOVE CREDIT: FINANCIAL TIMES The Nigerian Ports Authority (NPA) says it is expecting 14 ships laden with petroleum products, food items and other goods from Saturday to July 25. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Read More…
Lagos, 10% of domestic debt as national portfolio hits N28.63trn
PICTURE ABOVE CREDIT: Stears Business The National Bureau of Statistics (NBS) said on Friday that the total public debt portfolio of the Federal and State Governments as of March 31 stood at N28.63 trillion. The NBS made this known in its Nigerian domestic and foreign debt report released in Abuja. The bureau said that further Read More…
Tree Planting Day: LASG to plant coconut seedlings, fruit crops
The Lagos State Government says it will plant coconut seedlings and other fruit-bearing trees during the state 2020 Tree Planting Day, on July 14. Mr Dapo Olakulehin, General Manager of Lagos State Coconut Development Authority (LASCODA), made this known to newsmen on Friday in Lagos. Olakulehin said the exercise would be carried out in collaboration Read More…
NEXIM bank does not fund political activities — management
PICTURE ABOVE CREDIT: NEXIM Bank The Nigerian Export-Import Bank (NEXIM), on Friday said that it does not fund political activities under any guise, but only grant loans to support export-oriented projects in the country. Ms Lohya Mamven, Corporate Communications Department, NEXIM Bank said this in a statement issued in Abuja. Mamven said that the explanation Read More…
Union Bank to provide potable water to 6 geo-political zones in Nigeria
Union Bank of Nigeria (UBN), said on Friday that it would provide potable water to the six geo-political zones in the country as part of its support and Corporate Social Responsibility to Nigerians. Mrs Ogochukwu Ekezie-Ekaidem, Head, Strategic Corporate Communications and Marketing, UBN, made the disclosure at a Virtual Media briefing organised for Financial Correspondents Read More…