Business news
Lagos State Government has announced the closure of the N85.14 billion Series 2 Bond Issuance, targeted at physical and social infrastructure development. The Commissioner for Finance, Mr Akinyemi Ashade, said in a statement in Lagos that the bond was issued in two tranches. Ashade said tranche 1 would be N46.37 billion at 16.75 per cent, […]
Kenya’s main stock index rose 2.51 per cent ,to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta. Traders said in Nairobi that the surge was due to the endorsements of the election by various foreign observer groups. Aly Khan Satchu, an independent trader and analyst in […]
Trading activities on the Nigerian Stock Exchange (NSE) succumbed to profit taking just as predicted by market analysts. The market indices dropped by 0.65 per cent due to price losses occasioned by sell pressure. Consequently, the All-Share Index dipped 247.64 points or 0.65 per cent to close at 37,950.96 compared with 38,198.60 achieved on Friday. […]
The Lagos Chamber of Commerce and Industry has advised the National Assembly to apply greater discretion while exercising its investigative powers so as to avoid distraction to private sector players, erosion of investors’ confidence and collateral damage to the economy. In a statement signed by the Director-General, LCCI, Mr. Muda Yusuf, on Sunday, the chamber […]
The Shippers’ Association in Lagos State says the Nigerian Shippers’ Council (NSC) should be assisted with the necessary legal backing to carry out regulatory activities within Nigerian ports. The President of the association, Mr Jonathan Nicol, said this in a statement made available to newsmen in Lagos. According to Nicol, the absence of an enabling […]
As President Muhammadu Buhari’s administration continues to implement steps to improve the economic fortunes of the country, experts have called for the strengthening of fortified food processes. Doing this, they said, will not only aid the diversification of the economy, it would also help ensure that the country has a healthy populace. They made the […]
Amaka Obiefuna. Shareholders of frontline oil products marketer, Conoil Plc, have commended the management and Board of the company for the impressive performance it recorded in the last financial year. At the company’s 47th annual general meeting held at the weekend in Uyo, Akwa Ibom State, the shareholders applauded the Board and management for their prudent and efficient execution of projects and […]
Amaka Obiefuna. The Shell Petroleum Development Company of Nigeria Ltd operated Joint Venture (SPDC JV) has said its commitment to the welfare of host communities in the Niger Delta remains unshaken, even as it decried the illegal occupation of Belema Flow Station and Gas Plant by some persons. SPDC has informed the authorities of the […]
Lafarge Africa, one the leading cement manufacturers in Nigeria, has restated its commitment to use renewable energy to enhance sustainable development of the construction industry and protection of the environment. Mr Olusegun Soyoye, the Plant Manager, Lafarge Africa, made the assertion during a tour of the cement plant at Ewekoro in Ogun. Soyoye said that […]
Yobe Government in collaboration with the World Bank and humanitarian agencies has supported returnee displaced persons and those still in camp with farm inputs to enable them to engage in agricultural activities toward economic recovery. Alhaji Musa Jidawa, Permanent Secretary, Yobe State Emergency Management Agency (SEMA), disclosed this in an interview in Damaturu on Sunday. […]