Business & Economy - Page 118

6-million-tonne capacity factory to be completed in 18 months, Jiuling Lithium officials assure The Governor of Nasarawa State, Engineer Abdullahi A. Sule, has reaffirmed his administration’s commitment to industrial growth with a follow-up visit to Jiuling Lithium’s headquarters in Fengxin County,

Prices of grains have dropped in Gombe markets amid low demand for the produce. Checks at Gombe Central and Tudun Hatsi grain markets showed that prices of the commodities dropped by about 15 per cent in the past two weeks. A correspondent of the

The Aba Ringfence comprising nine of the 17 local government areas (LGAs) in Abia State received normal electricity today rather than the planned reduction of quantum arising from the repair of cuts on the oil pipeline that supports gas operations, caused

Thompson Eja, the  Chief Executive Officer of Sea Express has disclosed that Marine transporters are at a disadvantage viz-a-viz their road and air counterparts with regard to the application of the nation’s Value Added Tax (VAT) policy as it affects the transportation

The equity market gained N472 billion, or 0.75 per cent, on Tuesday – yesterday, January 21 – as investors responded to the 50 per cent tariff hike passed by the National Communication Commission (NCC). Investors’ buy interest in MTN Nigeria,

Stanbic IBTC Holdings Plc,on Tuesday, launched its N148.7 billion rights issue on the Nigerian Exchange Ltd’s (NGX’s) e-offering platform. The Rights Issue allows existing shareholders to subscribe to 2,944,772,083 ordinary shares of 50k each at N50.50 per share, structured as five

President Bola Tinubu on Tuesday -today, January 21 – met with Rivers State Governor Siminalayi Fubara and a delegation of Ogoni leaders at the State House in Abuja. The meeting, which commenced at approximately 2:37pm with diverse groups – traditional rulers, religious leaders,

The National Cashew Association of Nigeria (NCAN) has praised the industry as a viable revenue centre, saying  it can inject up to $3.7 billion or more into the Nigerian economy if given adequate attention, especially from the government. Addressing a

About 572, 309 smallholder crop farmers in Kano State have benefited from the Kano state Agro-Pastoral Development Project, KSADP, crop value chain intervention in the past four and half years. The State Project Coordinator, Kano State Agro-pastoral Development Project, KSADP, Ibrahim

Hearing in a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE over a bid to stop issuance of oil import licenses to some oil marketing companies suffered a setback on Monday at a Federal High Court in Abuja. The matter,