Business (Page 43)

By Moses Kolo The Kaduna Inland Dry Port (KIDP), on Thursday announced that it would soon commence export consolidation services to support exporters doing business in the northern corridor. Mr Rotimi Hassan, the KIDP Manager, made the announcement at a stakeholders’ meeting on Exporters and Export Processing Delivery, held inContinue Reading

By Ginika Okoye The Federal Government on Thursday advised capital market operators to consider retail investments, to enable ordinary citizens in the country to invest in the market. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, made the call at the 5th Budget Seminar webinar in Abuja. TheContinue Reading

By Chinyere Joel-Nwokeoma The nation’s bourse on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of approval of demutualisation. Specifically, the market capitalisation rose by N128 billion or 0.63 per cent to close at N20.369 trillion againstContinue Reading

  By Rukayat Adeyemi The Institute of Islamic Finance Professionals (IIFP) is seeking partnership with TrustBanc Arthur, a non-interest investment institution, to further deepen the penetration of Islamic finance in Nigeria. IIFP Acting President, Dr Tajudeen Yusuf, made this known when he led associate members of the institute on aContinue Reading

By Itohan Abara-Laserian First Bank of Nigeria Ltd has unveiled First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. FirstBank Chief Executive Officer, Dr Adesola Adeduntan, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Friday inContinue Reading

By Chinyere Joel-Nwokeoma Investors on the Nigerian Stock Exchange (NSE) on Friday staked N13.62 billion on 587.74 million shares in 4,895 deals. This was in contrast with 493.17 million shares valued at N4.72 billion exchanged in 5,486 deals on Thursday. Mansard Insurance dominated trading activities, accounting for 282.32 million sharesContinue Reading