Category Archives: Uncategorized

SEC Shifts Multiple Subscription Harmonization Deadline To Dec 2019

Posted on in Uncategorized | Comments Off on SEC Shifts Multiple Subscription Harmonization Deadline To Dec 2019
Mary-Uduk-Actng-DG-SEC-

The Securities and Exchange Commission (SEC) said that the deadline on forbearance on holders of multiple accounts in the capital market had been extended to December 31, 2019. It explained that the extension of the deadline, which was part of the decisions reached at the end of the 3rd Capital Market Committee’s (CMC’s) meeting held […]

NNPC records N17.16 billion trading surplus

Posted on in Business News, Uncategorized | Comments Off on NNPC records N17.16 billion trading surplus

The Nigerian National Petroleum Corporation (NNPC), has recorded  trading surplus of N17.16billion in April, 2018. NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, who made this known in a statement, yesterday said the development was part of the highlight of the Corporation’s Monthly Financial and Operations Report for the review period. The report, […]

Global Markets-Oil rises towards $100pb as stocks increase

Posted on in Uncategorized | Comments Off on Global Markets-Oil rises towards $100pb as stocks increase

Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, Indian rupee plumbied new record lows. Oil prices extended to 80 dollars a barrel as Hurricane Florence advanced and U.S. sanctions started weighing on Iran’s exports. Analyst […]

CBN injects $210m into forex market, supports SMEs

Posted on in Uncategorized | Comments Off on CBN injects $210m into forex market, supports SMEs

The Central Bank of Nigeria on Tuesday injected $210m into the foreign exchange market to meet customers’ requests in various segments of the market. The CBN said  in a statement that it offered $100m to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment got $55m. It said […]

Dangote invests $1.5m in Congo bridge repairs

Posted on in Uncategorized | Comments Off on Dangote invests $1.5m in Congo bridge repairs

The President, Dangote Group, Aliko Dangote, has said that his company’s Corporate Social Responsibility initiatives have commenced in Mfila, Congo Brazzaville, where it just opened a $300m, 1.5 million-metric-tonne capacity cement plant. The cement magnate declared that $1.2m had also been given as loan to aid the country in completion of a bridge. He was […]

Ezekwesili calls for national dialogue on poverty

Posted on in Uncategorized | Comments Off on Ezekwesili calls for national dialogue on poverty

A former Minister of Education, Mrs. Oby Ezekwesili, has called for an urgent national dialogue to discuss the problems of exclusion and poverty in the country. Speaking at a plenary session at the Nigeria Economic Summit, which ended in Abuja on Thursday, the former World Bank Vice President for Africa said talks on political restructuring […]

Consumers to pay N450,000 fine for meter bypass – NERC

Posted on in Uncategorized | Comments Off on Consumers to pay N450,000 fine for meter bypass – NERC

Electricity consumers who bypass their meters will be forced to pay up to N450,000 as fine, the Nigerian Electricity Regulatory Commission has declared. According to NERC, financial sanctions ranging from N50,000 to N450,000 for meter bypass by power consumers have been drafted by it and have been endorsed by the 11 electricity distribution companies operating […]

SON Destroys Substandard Products Worth Over N450 Million

Posted on in Uncategorized | Comments Off on SON Destroys Substandard Products Worth Over N450 Million
SON DG ABOLOMA

The Standard Organisation Of Nigeria (SON) has warned importers and dealers in substandard goods that Nigeria is no longer a dumping ground. Osita Aboloma handed sown the warning Tuesday during the destruction of substandard product worth over N450 million at dumpsite in Epe, Lagos state. The Director General while explaining that substandard goods are dangerous to lives, […]

Telecom Firms Plan Mass Sack to Cut Cost

Posted on in Business News, Slider, Uncategorized | Comments Off on Telecom Firms Plan Mass Sack to Cut Cost
NCC

Following April 28, MTN sacked 200 workers and 80 of its contract workers, other telcos are bracing to down their staff strengthen in a bid to trim down the huge over head   Reports have it that a massive Purge is imminent in the telecommunication sector due to cash-crunch issues.   Indications emerged at the […]

Nigeria’s Monthly Power Cuts Averaged 32.8% in 2015 -ECA

Posted on in Business News, Slider, Uncategorized | Comments Off on Nigeria’s Monthly Power Cuts Averaged 32.8% in 2015 -ECA
fash

    The United Nations Economic Commission for Africa (ECA) has revealed that Nigerians were in darkness for most part of 2015 due to power outages.. The ECA stated that an estimated 32.8 per cent power cuts on average monthly were recorded during the period. The Communications Section of ECA in Dakar, Senegal, which made the […]