Business

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

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.

Chris Ngige. [PHOTO CREDIT: @NGYouths4Change]

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.

Oil barge used to illustrate the story. [Photo credit: Myanmar Business Today]

Oil prices rise, head for weekly gain

Brent crude was up 14 cents, or 0.3 per cent at $45.10 by 0043 GMT.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

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.

Maimuna Abubakar [PHOTO: NIPOST]

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

Lai Mohammed (Photo Credit: Daily Trust)

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.

Anya Duroha [PHOTO CREDIT: novambl.com]

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.

Apapa Port

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.”

Nigeria Stock Exchange (NSE)

NSE market indices drop further 0.58 per cent

The All-Share Index which opened at 25,027.61 dropped 143.91 points or 0.58 per cent to close at 24,883.70.

The e-Auction Portal of the Customs Service

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.

FG rolls out support schemes for MSMEs

The federal government said the schemes – Guaranteed Offtake Scheme and MSMEs Survival Fund – would save jobs and sustain local production.

Nigerian-Stock-Exchange

Nigeria stock market opens week with N8bn loss

The market capitalisation which opened at N13.063 trillion dipped N8 billion or 0.06 per cent to close at N13.055 trillion.

About half of the highest-paid CEO's made less financial returns

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

ExxonMobil Nigeria gets new chief executive

Mr Udeagha said that the appointment takes effect from August 1.

gas-pipeline-653x365

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

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

Nigeria Stock Exchange (NSE)

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.

President Muhammadu Buhari signing 2020 budget

Buhari signs Amended Companies and Allied Matters Bill

The new law repeals and replaces the extant Companies and Allied Matters Act, 1990.

5G Network: NCC

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, Wuse zone 5, Abuja.

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”.

Nigeria Stock Exchange

Nigeria stock market advances by N26bn

The market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday.

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.

5G Network: NCC

NCC revises USSD pricing

The amendment was necessitated following a protracted dispute between Mobile Network Operators and Financial Institutions on the applicable charges for USSD services and the method of billing.

NOVA Merchant Bank. [PHOTO CREDIT: Official LinkedIn account of the bank]

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.