Friday, May 08, 2020
Petrol price reduction won’t be immediate, says marketers
The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop in the pump price of the commodity at filling stations, oil marketers stated on Thursday. Read more
FG targets N103bn from gas flaring penalty
The Federal Government has said gas flare penalty payment by oil and gas companies in the country will increase to N103.51bn this year. Read more
Nigeria attracted $10.2bn fresh investment in 2019 – Report
Nigeria’s cross-border green field capital investment in 2019 grew by 28 per cent to $10.2bn, according to the latest report by FDI Market Intelligence, a research unit of Financial Times. Read more
Manufacturing, employment recorded sharp decline in April –Report
New orders, output and employment witnessed sharp falls as prices rose amid supply chain disruption in April. These was the summary of a report of April business activities, which also witnessed low manufacturing. Read more
Civil society group seek policy guideline on deregulation of downstream sector
A coalition of civil society groups has called for defined processes and regulatory guidelines to support the removal of fuel subsidy in Nigeria, as being claimed. Read more
Bank hinges high revenue on productivity, efficiency
Union Bank Plc. has linked improved performance recorded in the financial year ended December 31, 2019, to increased revenue productivity and efficiency achieved across all business segments. Read more
Group calls for probe into dead fishes across Niger Delta
Environmentalists, members of Fish Net Alliance, and people in the Niger Delta region has called on relevant government agencies to investigate the actual cause of sudden death of fish being washed ashore across the Niger Delta coastline. Read more
African Banks Find Solace in 12% Bond Yields
Measures by some African countries to get money flowing into the real economy aren’t working yet, with banks parking cash in government bonds as the economic slowdown cuts demand for credit. Read more
Plaqad Signs up 15000 Programme members, Pays 200 Million in Three Years
As leading marketing technology company, Plaqad, clocks three recently, the Lagos-based start-up has, over the past 36 months, built a reputation of providing marketers with the people, products and platforms they need to effectively connect with customers. Read more
FG Urged to Direct Automation of Invoicing, Payments at Ports
Following the hardship faced in clearing cargoes during the total lockdown ordered by the federal government to halt the spread of COVID-19, customs agents in the country have called on the federal government to order all the terminal operators, shipping companies and some relevant government agencies to automate all their processes and make them interactive, such that all transactions by cargo interests can be done online. Read more
NSE Commits N100m to Support Fight against COVID-19
The Nigerian Stock Exchange (NSE) has committed N100 million to support the fight against the COVID-19 pandemic in Nigeria. The NSE disclosed this yesterday in a statement, noting that N60 million out of this sum would be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while the balance N40 million would be devoted to the “Masks for All Nigerians” campaign. Read more
CRC Credit Bureau Appoints Olubunmi Lawson Independent Director
The Board of Directors of CRC Credit Bureau Limited has announced the appointment of Mrs. Olubunmi Lawson as an Independent Non- Executive Director of the organisation. Read more
