Economy/Business - News Agency Of Nigeria

Oil industry losing investments to non-passage of PIB – Okowa

On: March 2, 2021

Gov. Ifeanyi Okowa of Delta, on Monday, said the nation’s oil industry had lost substantial investments due to delay in the passage of Petroleum Industry Bill (PIB).Continue Reading

Dangote Sugar Refinery reports N26.70bn profit for 2020

By: Rabi'u Sani Ali

On: March 1, 2021

In: Business, Economy/Business

By Chinyere Joel-Nwokeoma Dangote Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion for the financial year ended Dec. 31, 2020. The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit after tax represented an increase ofContinue Reading

NSE resumes March with N69bn growth amid uptick in BUA Cement

By: Rabi'u Sani Ali

On: March 1, 2021

In: Business, Economy/Business

By Chinyere Joel-Nwokeoma Activities on the Nigerian Stock Exchange (NSE) commenced the week and month on Monday on a bullish trend, following uptick in BUA Cement, Zenith Bank and UBA. Specifically, the market capitalisation increased by N65 billion or 0.33 per cent to close at N20.892 trillion from N20.823 trillionContinue Reading

NSE total transactions drop by 13.66% in January

By: Rabi'u Sani Ali

On: March 1, 2021

In: Business, Economy/Business

By Chinyere Joel-Nwokeoma The total transactions at the Nigerian Stock Exchange (NSE) dropped by 13.66 per cent in January, the News Agency of Nigeria (NAN) reports. The NSE monthly domestic and foreign portfolio investment (FPI) flows obtained NAN on Monday shows that total transactions stood at N232.46 billion (about 590.82Continue Reading

Aregbesola inaugurates 105 rooms hotel for correctional service

By: Rabi'u Sani Ali

On: March 1, 2021

In: Business, Defence/Security, Economy/Business

By Sumaila Ogbaje The Minister of Interior, Ogbeni Rauf Aregbesola, has inaugurated a 105-room hotel, an investment of the Correctional Service Multi-Purpose Co-operative Society (COCOS) of the Nigerian Correctional Service (NCoS) in Abuja on Monday. The News Agency of Nigeria (NAN) reports that the hotel is located at the NCoSContinue Reading

NALDA collects 25,000 litres of rabbits’ urine for production of fertiliser

By: Rabi'u Sani Ali

On: March 1, 2021

In: Economy/Business, Food Security, Science & Tech

By Bukola Adewumi The National Agricultural Land Development Authority (NALDA) says it has collected over 25,000 litres of urine from over 5,000 rabbits for production of organic fertiliser. Prince Paul Ikonne, Executive Director of NALDA, made this known, in a statement, on Monday in Abuja. Ikonne said that the agency’sContinue Reading

Seplat declares 10 cents per share total dividend for 2020

By: Edith Ike-Eboh

On: March 1, 2021

In: Economy/Business

Seplat Petroleum Development Company Plc has declared a total dividend of $10 per share for its shareholders for the financial year 2020.Continue Reading

Coy begins tomato paste production in Kebbi

By: Ismail Abdulaziz

On: March 1, 2021

In: Economy/Business, Food Security

By Muhammad Lawal Gov. Atiku Bagudu of Kebbi State has announced that the newly established modern tomatoes factory in Ngaski would begin production in March. Malam Yahaya Sarki, Special Adviser to the governor on Media, made this known in a statement made available to the News Agency of Nigeria (NAN)Continue Reading

NNPC says no plan to increase petrol price, cautions against panic buying

By: Edith Ike-Eboh

On: February 28, 2021

In: Economy/Business

NNPC has advised motorists to stop panic buying of PMS also known as petrol saying it has no plan to increase the ex-depot price in March.Continue Reading

SEC, group to train security agencies, lawyers on tackling ponzi scheme

By: Edith Ike-Eboh

On: February 28, 2021

In: Economy/Business

SEC in collaboration with AGA-Africa will train law enforcement agencies and , lawyers on prevention of ponzi scheme operations in Nigeria.Continue Reading

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