NSE: Turnover rises by 86.97 per cent, other indices down 0.15 per cent
Investors traded 482.52 million shares valued at N4.52 billion in 3,897 deals on Friday.
Nigerian govt moves to prevent job losses in aviation sector
Mr Ngige, therefore commended the efforts of the airline operators, especially Air Peace and Bristow Helicopters, in keeping faith and paying the salaries and allowances of their staff, when necessary, for the period of the COVID-19 epidemic.
MTN Nigeria lifts NSE market indices further by 0.38 per cent
The market capitalisation rose by N50 billion or 0.38 per cent to close at N13.165 trillion against N13.115 trillion achieved on Wednesday.
NIPOST moves to deepen financial inclusion, enhance FG’s conditional cash transfer
NIPOST is now involved in the Conditional Cash Transfer programme by engaging and partnering with Western Union for the use of NIPOST outlets across the country for money transfers
Why we are resuming Digital Switch Over roll out – FG
“The DSO is key to us because it is capable of providing between one to two million jobs in the next couple of years,” the Minister of Information and Culture, Lai Mohammed, said.
Nova Bank wants to partner in financing Nigeria’s economic recovery – MD
Mr Duroha said the bank was looking at the prospect of creating medium to long term loans with tenor ranging between three and five years for industries like agriculture, telecoms and healthcare, where clear opportunities exist to tap into.
Maritime agencies plan 24-hour operation in Nigerian ports
“We are looking at the workability of 24-hour port services to ease the pressure on our ports in terms of congestion.”
Customs resume e-auction amid complaints of inability to access portal
Prospective participants are expected to possess a Tax Identification Number among other requirements
Ex-PHCN workers entitled to 4% of privatised electricity firms, says BPE
The federal government also announced the payment of about N409.92 billion as severance and death benefits to the affected ex-workers.
Pay of half Nigeria’s top-earning CEOs not justified by companies’ performance — Report
In 2019 financial year, only a few top CEOs were able to reflect their increased pay in their companies’ corporate earnings
National gas transportation network code to go-live Monday — Official
the Go-Live of the Network code would open up new developments in the gas supply chain including intensification of gas use in the transportation sector, an official said.
World Bank approves $114.3m grant for Nigeria to boost COVID-19 response
The grant includes $100 million credit from the International Development Association (IDA) and $14.28 million from the Pandemic Emergency Financing Facility
NSE: Trading sustains bullish trend, rises 0.45 per cent
The market capitalisation inched higher by N58 billion or 0.45 per cent to close at N13.063 trillion against N13.005 trillion on Thursday.
Buhari signs Amended Companies and Allied Matters Bill
The new law repeals and replaces the extant Companies and Allied Matters Act, 1990.
Banks in Nigeria owe telecom companies N17bn — NCC
The Minister of Communications and Digital Economy, Isa Pantami, had already been briefed on the development with a view to ensuring a quick settlement of the debt.
Shoprite move an opportunity for Nigerian investors — NIPC
The Nigerian Investment Promotion Commission says Shoprite’s plan to sell part or all of its stake would mean a “deepening of investment in Nigeria”.
May & Baker records N438.9m profit after tax in 6 months
The profit after tax increased by 51 per cent when compared with N290.8 million achieved in the comparative period of 2019.
NOVA Merchant Bank’s N10bn bond oversubscribed by 300% -official
Bank says oversubscription was in spite of the havoc of the new coronavirus pandemic on the economy.