Weekly equity transactions on the Nigerian Stock Exchange (NSE) closed on Thursday on upbeat note as the All-Share Index grew by 1.42 per cent, News Agency of Nigeria (NAN) reports. The market index rose by 507.12 basis points to close higher at 336,116.19 against the 35,609.07 achieved on Wednesday.
Old Notes Damages ATMs – Expert
An economic expert, Prof. Uche Uwaleke, has called on the Central Bank of Nigeria (CBN) to remove old and dirty notes from circulation. Uwaleke, an Associate Professor of Banking at the Nasarawa State University, said such notes were causing constant malfunctioning of Automated Teller Machines (ATMs), especially during pressure periods.
Address Economic Hardship, CAN Tells FG
The President, Christian Association of Nigeria, Rev. Samson Ayokunle, has called on the Federal Government to address the economic hardship and the high cost of living in the country which he said had reached an alarming level.
Borno Farmers Expect Bumper Harvest Following FAO Support
Some farmers in Maiduguri have expressed optimism of recording bumper harvests in the 2017 cropping season. They also commended the Food and Agriculture Organisation (FAO) for supporting displaced farmers to return to their farms. Thousands of displaced farmers supported by FAO cultivated their farmlands in Maiduguri and other liberated communities.
State Of The Art Dangote Tomato Factory Lying Idle
At a state-of-the-art Dangote Tomatoes plant in northern Nigeria, shiny machines stand next to a conveyor belt ready to crush tomatoes to satisfy the country’s insatiable demand for tomato paste. But a lonely cleaner mopping the floor is the only sign of activity in Nigeria’s biggest tomato factory, equipped with the latest Italian and German technology. There aren’t enough tomatoes to run it.
FG To Launch One-Stop-Shop For MSMES States
The Federal Government has resolved to launch one-stop shops in seven states and FCT to spur Micro, Small and Medium Scale Enterprises (MSMEs). The measure is also to facilitate smoother government’s regulation and the interface between entrepreneurs and agencies of government.
We Are Losing The War On Corruption - Magu
The Acting Chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu said the ongoing war against corruption by the current administration was almost lost and that for it to succeed a lot needs to be done. Magu stated this on Wednesday during a parley with newsmen in Abuja. He disclosed that the reason why the Commission was having a hard time dealing with the issue was that corruption was fighting back.
Nigeria Out Of Recession
Nigeria is finally out of recession as data on the country’s Gross Domestic Product released on Monday by the National Bureau of Statistics (NBS) shows that the economy grew at 0.55 per cent in the second quarter of 2017. This is 2.04 per cent higher than the rate recorded in the corresponding quarter of 2016 and higher by 1.46 per cent points from rate recorded in the preceding quarter.
NNPC Boosts Gas Supply To Gas Power Plants
The Nigerian National Petroleum Corporation (NNPC), increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d) in June.
Price of Petrol, Cooking Gas Crashes Nationwide
The sustained strategic intervention of the Nigerian National Petroleum Corporation, NNPC, in the efficient supply and distribution petroleum products has led to significant fall in the prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide.
Witches Attacking Potato Farms In Jos, Farmers Alleges
Irish Potato farmers in some parts of Plateau state have raised alarm over alleged attacks on their farms by suspected witches and wizards, resulting in low harvest. According to Dailytrust, the farmers claimed that the issue is seriously affecting them as the case has not been experienced before.