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Business

IPMAN fuel scarcity

IPMAN Blames Flood for Fresh Fuel Scarcity in Lagos, Others

October 20, 2022
By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the renewed artificial scarcity of Premium Motor Spirit in Port Harcourt, Lagos, Abuja, and other states is caused by the ravaging flood in the country. The chairman of IPMAN in Rivers State, Mr Joseph Obele, said there was no scarcity of the product, but transportation challenges caused
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NYSC Members

FG to Restructure NYSC to Boost Capital Inflow

October 20, 2022
By Adedapo Adesanya The Nigerian government said plans are underway to restructure the National Youth Service Scheme (NYSC) to include a diaspora support scheme. This was one of the points raised by the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, on Wednesday at the Ministerial Presentation of the N20.51 trillion 2023 budget. She noted that this is
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currency exchange market

Naira Will Continue to Fall at Currency Exchange Market—Gwadabe

October 20, 2022
By Aduragbemi Omiyale The president of the Association of Bureaux De Change of Nigeria (ABCON), Mr Aminu Gwadabe, has said the incessant decline of the Naira against the United States Dollar at the currency exchange market would continue unless the Central Bank of Nigeria (CBN) take a bold step to put in place the right policies. One of these, according
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Cross-border Securities Transactions

Nigeria, Ghana Target Robust Cross-border Securities Transactions

October 20, 2022
By Aduragbemi Omiyale Nigeria and Ghana’s Securities and Exchange Commissions (SECs) have expressed their desire to extend the cross-border securities transactions between them to other countries in Africa, especially those in the West African region. The Director-General of SEC Nigeria, Mr Lamido Yuguda, during a meeting with his Ghanaian counterpart, Mr Daniel Ogbarmey Tetteh, said the aim is to provide
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ATS Training NGX

NGX Rebounds by 0.03% as Market Breadth Closes at Equilibrium

October 21, 2022
By Dipo Olowookere For the first time this week, the Nigerian Exchange (NGX) Limited closed in positive territory on Thursday after it traded higher by 0.03 per cent on renewed bargain-hunting. The market was lifted by the buying pressure in the consumer goods and industrial goods sectors, which appreciated by 0.20 per cent and 0.09 per cent, respectively. The insurance
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Politics

ANOH Gas Plant

Tinubu To Commission Three Critical Gas Projects

May 3, 2024
By Adedapo Adesanya President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and its partners as part of efforts to use gas to boost the Nigerian economy. This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, on Friday, adding
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Travel

Latest

Nigerian Stocks Shed 0.37% to Open Week Slow

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) started the new week on a slow note, shedding 0.37 percent at the close of transactions on Monday. Losses recorded today by Nestle and 16 other stocks reversed the 0.85 percent gain posted last
September 25, 2017

Lagos Gives 120 5KVA Generating Sets to Police Formations

By Dipo Olowookere About 120 new 5KVA generating sets were on Monday handed over to all police formations in Lagos State by Governor Akinwunmi Ambode. Mr Ambode, while handing over the generating sets to the Commissioner of Police, Mr Imohimi Edgal, reiterated
September 25, 2017

Stock Watch: Recommendations for the Week (September 25)

By Meristem Research Last week, the market closed in the green zone after the index advanced on two out of five trading days. The Nigerian Bourse inched higher by 1.38% Week-on-Week to close at 35,488.81 points, while the top performing stock for
September 25, 2017

Rwanda Implements IMF’s Enhanced General Data Dissemination System

By Dipo Olowookere The Rwanda government has commenced publishing important macroeconomic data on the website of the National Institute of Statistics—the National Summary Data Page (NSDP). This marks the culmination of recent efforts by the principal statistical agencies working together to publish
September 25, 2017

Merck Appoints Paolo Carli to Head MEA Region

By Dipo Olowookere One of the leading science and technology companies, Merck, has announced the appointment of Mr Paolo Carli as Head of Middle East, Africa & Turkey (MEA) region for its healthcare business. In his new role, Paolo will be responsible
September 25, 2017

Youtap Begins Cloud-Based Service for Mobile Money Transactions

By Dipo Olowookere Youtap has announced the launch of a payment processing platform delivered as a cloud service for mobile money and payment providers in developing markets. The innovation is called Youtap Cloud and it enables real-time transaction processing for contactless mobile
September 25, 2017

BPSR Signs Deal with DFID for Effective Service Delivery

By Modupe Gbadeyanka A Memorandum of Understanding (MOU) has been signed by the Bureau of Public Service Reforms (BPSR) and the Department of International Development- Partnership (DFID). The deal is to Engage, Reform and Learn (DFID-PERL) on governance reform issues and service
September 25, 2017
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