Business & Economy - Page 72

  “These pillars will not only fortify our financial stability but also position us to capitalise on emerging opportunities in the market. I am confident that with our continued focus on these priorities, we will sustain our positive momentum and deliver long-term

By RUKAYAT ADEYEMI  Opening the week on Monday (yesterday, August 19), investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted. Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding

The Federal Government has disclosed  it will begin crude oil sales in Naira to Dangote Refinery and others in October, according to a statement by the Director Press and Public Relations, Federal  Ministry  of  Finance and Economic Planning,  Mr Mohammed Manga yesterday (Monday August

Rep. Benjamin Kalu, Nigeria’s House of Reps Deputy Speaker and Chairman, ECOWAS Parliament’s Joint Committee on Administration, Finance and Budget. The Deputy Speaker, Nigeria’s House of Representatives, Rep. Benjamin Kalu, has said the ECOWAS Parliament is deploying parliamentary diplomacy mechanisms to

expectations of the Nigerian people,” he said. Gbajabiamila said the retreat would be a continuous exercise, as governance is an evolving process that requires regular adjustments, urging the State House management and chief executives of agencies under its supervision to lead by example by ensuring compliance

By RUKAYAT ADEYEMI, (NAN) The Nigerian Exchange Ltd. (NGX) has lifted the suspension placed on trading in the shares of Guinea Insurance Plc, effective Aug.12. NGX, in its weekly report made available to newsmen in Lagos, confirmed that the suspension was lifted because the

The Federation Accounts Allocation Committee (FAAC), has shared the sum of N1.358 trillion among the Federal Government, States and Local Government Councils (LGCs) for the month of July. In a communique issued after the FAAC meeting for August on Friday (yesterday, August

By RUKAYAT ADEYEMI The domestic bourse, for the fourth consecutive session, extended its losses by N57 billion, driven by selloffs in FBN Holdings, Access Corporation and Transnational Corporation, among others. Specifically, the market capitalisation, which opened at N55.188 trillion, shed N57 billion

The Federal Government has unveiled guidelines for the implementation of the “Zero Percent Duty Rate and Value Added Tax” exemption on certain basic food items. In a statement issued Wednesday (yesterday, August 14) in Abuja, Spokesperson of the Nigeria Customs Service (NCS),

Following the persistent fuel scarcity in the country, which Mele Kyari, the Group Managing Director of NNPCL, has presided over in the past five years, and given what has been described as the opaque nature of financial transactions by the NNPCL, the President,