Dangote Cement Emerges NSE’s Biggest Firm, Overtakes MTN

Dangote Cement Plc has regained its position as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were witnessed in MTN Nigeria Communication Plc’s shares on Tuesday. On Monday, MTN Nigeria overthrew Dangote Cement, becoming the most capitalised company on the NSE just three months after its listing, as its share price increased […]

Funding major problem to SMEs growth, development — Official

growth, development — Official 1 hour ago 0  104  0 By Chinyere Joel-Nwokeoma Funding is a major problem affecting the growth and development of Small and Medium Enterprises (SMEs) in Nigeria. Ms Chetachi Ezenagu, Regional Head, Yaba/Surulere Business, Fidelity Bank said this during the bank’s SMEs forum in Lagos on Tuesday. To this end, the bank said it […]

In response to the challenges of gully erosion and the emerging Land degradation and environmental insecurity, a request for assistance was made in 2010 by Mr. President to the World Bank Nigeria office, to support the country in addressing severe erosion and its impacts in south-eastern Nigeria. The Federal Ministry of Environment in concert with […]

MTN leads gainers’ chart, amid N2.95 interim dividend

By Chinyere Joel-Nwokeoma MTN Plc led the gainers’ chart on Friday with N2, due to investors’ reactions to N2.95 interim dividend declared by the company for six months ended June 30, 2019. The News Agency of Nigeria (NAN) reports that the company released its unaudited result for the six months ended June 30 and announced […]

DAPPMAN seeks credit facility for efficient petroleum product distribution

By Yunus Yusuf The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged Mr Mele Kyari, the incoming Group Managing Director of NNPC, to grant members credit facility to ensure more efficient petroleum product distribution. Mr Olufemi Adewole, the Executive Secretary of DAPPMAN, made the appeal in an interview with the News Agency […]

NSE: Market capitalisation dips N18bn

By Chinyere Joel-Nwokeoma Transactions on the nation’s bourse resumed for the week on Monday still on a downward trend with the market capitalisation dropping by N18 billion. Speficially, the market capitalisation which opened at N13.154 trillion lost N18 billion or 0.14 per cent to close at N13.136 trillion. Also, the All-Share Index shed 42.09 points […]

Apple mulls moving some production from China

The US trade war with China is reportedly pushing Apple to restructure its production chain. The Nikkei Asian Review says the iPhone maker is exploring the idea of moving up to 30 percent of its suppliers’ production capacity from China to Southeast Asia. And it says that even if the trade dispute were resolved, the […]

Kaduna, Adamawa, Taraba now produces quality rubber – Institute

Dr Wuranti Vala, an official of the National Rubber Research Institute of Nigeria, has said that Kaduna, Adamawa and Taraba States are now producing quality rubber in commercial quantity. Vala disclosed this on Wednesday during a visit by students of Government Secondary School Zuturung Kari, Zangon Kataf, to the rubber plantations and nurseries in Manchok, […]

‘We didn’t say Nigeria doesn’t understand ACFTA’

The African Development Bank (AfDB) has debunked a report which alleged that an official of the bank said the Nigerian government has not signed the African Continental Free Trade Agreement because it does not understand it. The bank’s Director of Communications and External Relations, Mr Victor Oladokun, in a statement, on Monday, said Mr Mukhtar […]

Price of cooking gas drops in May — NBS

By Cecilia Ologunagba The National Bureau of Statistics (NBS) said that the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) dropped to N2,028.04 in May 2019 from N2,046.53 in April, 2019. The NBS made the disclosure in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for May released […]