Business

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 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

“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.

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.

“We are looking at the workability of 24-hour port services to ease the pressure on our ports in terms of congestion.”

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.

Prospective participants are expected to possess a Tax Identification Number among other requirements

The federal government also announced the payment of about N409.92 billion as severance and death benefits to the affected ex-workers.

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

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

In 2019 financial year, only a few top CEOs were able to reflect their increased pay in their companies’ corporate earnings

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

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.

The grant includes $100 million credit from the International Development Association (IDA) and $14.28 million from the Pandemic Emergency Financing Facility

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.

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

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.

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”.

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

The profit after tax increased by 51 per cent when compared with N290.8 million achieved in the comparative period of 2019.

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.

Bank says oversubscription was in spite of the havoc of the new coronavirus pandemic on the economy.