Category: Economy
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NSE market capitalisation sustains growth by N67bn
The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474 trillion against N13.407 trillion recorded on Tuesday. Also, the NSE All-Share Index inched higher by…
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We’ve established strong platform for future growth, consolidation across Africa — Dangote Cement
Dangote Cement Plc. says it has established a very strong platform for future growth and consolidation of the company across the African Continent. Mr Michel Puchercos, the Group Managing Director and Chief Executive Officer of the company, said this at the virtual Facts Behind the Figures (FBF) and Facts Behind the Sustainability Reports (FBSR) by…
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Sanusi calls for diversification of economy to address poverty, inequality
Former Emir of Kano, Muhammadu Sanusi II, has said that Nigeria must diversify its economy in order to address the high rate of poverty and inequality in the country. He also said governments at all levels must invest on human capital development and create enabling environment for investments, instead of borrowing to finance development. Sanusi…
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Ex-CBN director lauds CBN on benchmark interest rate reduction
Dr Titus Okunrounmu, a former director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Monetary Policy Committee (MPC) of the Apex Bank for reducing Benchmark Interest Rate (BIR) from 12.5 per cent to 11.5 per cent. Okunrounmu made the commendation in an interview with the News Agency of Nigeria (NAN), in Ota,…
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NSE, others commit to expanding retail investment opportunities in capital market
The Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday commited to expanding retail investment opportunities in the capital market. The trio made the commitment at a webinar organised by the NSE in collaboration with the NISL in Lagos. It was also supported by the CIS…
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Why FG is commercialising NFC — Lai Mohammed
The Federal Government says it is reforming and commercialising the Nigerian Film Corporation (NFC) to address the agency’s teething challenges and reposition it for improved performance. The Minister of Information and Culture, Alhaji Lai Mohammed, made this known on Monday in Abuja while inaugurating a Steering Committee for the Reform and Commercialisation of the Corporation.…
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FG frowns at companies’ inability to resolve consumer complaints, feedback
The Federal Competition and Consumer Protection Commission (FCCPC) has frowned at the inability of some companies and service providers to resolve consumers’ complaints and provide feedback mechanism for their products. Mr Babatunde Irukera, the Director-General of the commission, said this at a National Virtual Policy Dialogue organised by the Nigerian Global Affairs Council in Abuja…
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NSE market indicators resume week with 0.01% growth
The market indicators of the Nigerian Stock Exchange (NSE) resumed transactions for the week on Monday with a marginal growth of 0.01 per cent, amid cautious trading. Speficially, the market capitalisation which opened the week at N13.364 trillion rose by one billion naira or 0.01 per cent to close at N13.365 trillion. Also, the All-Share…
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CSR: Dangote Cement commits N4bn to projects in Ogun host communities
Dangote Cement Plc, says it has committed over N4 billion into various Corporate Social Responsibility (CSR) projects in its 14 host communities in Yewa land in Ogun. The company made this known in a statement signed by the Media and Community Relations Manager of Dangote Industries Limited, Mr Francis Awowole-Browne, on Sunday. “Since the inception…
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15th Abuja Int’l trade fair to feature 500 exhibitors – ACCI
The Abuja Chamber of Commerce and Industry (ACCI) says its 15th Abuja International Trade Fair will feature not more than 500 local and foreign exhibitors. ACCI Media Officer Latifat Opoola who made the disclosure on Sunday said the fair would hold in October at the Abuja Trade and Convention with the theme “Trade and Commerce…