Business

The Transmission Company of Nigeria says the nation’s power generation rose from 3,528MW to 4,043MW between February 1 and February 15. TCN, in its website, said that the 515MW increase in generation as at February 15 was due to slight increase in gas supply to some power generating companies. It said, “The total output of 4,043 megawatts from all the …

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A group of Nigerian professional based in London, known as Nigerians In The Square Mile (NISM) has launched its Lagos chapter, with the aim of aligning London and Lagos market for better trading opportunities. The launching which was held at the Nigerian Stock Exchange had in attendance professional in the financial sector based in Lagos. In his welcome address, the chief …

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Nissan Motor Co., Ltd. On Monday announced through a statement the financial results for the nine-month period to December 31, 2016. “In the first nine months of the fiscal year, Nissan generated an operating profit of 503.2billion yen, which represents a 6.1 per cent margin on net revenues of 8.26 trillion yen,” said Carlos Ghosn, Chairman and Chief Executive Officer. …

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The National Bureau of Statistics says the Consumer Price Index, which measures inflation, increased by 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016. The CPI, which measures the average change over time in prices of goods and services consumed by people for day to-day living, is 0.17 per cent points higher from the points …

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The Minister of Finance, Mrs Kemi Adeosun has described the Treasury Single Account (TSA) policy as a success story, saying the Federal Government is determined to expand it to more agencies in 2017. According to a statement by the Special Adviser, Media, Mr Festus Akanbi on Tuesday in Abuja, she said this at the opening of a two-day retreat on …

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The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, says it will establish a $300m agribusiness loan project for youth farmers across the country. NIRSAL is an arm of the Central bank of Nigeria that provides agribusiness investments credit risk guarantees to help drive economic development through agriculture. The organisation also helps to reduce credit risk in agricultural lending. The …

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Distributors of the Dangote foods companies, including Dangote Flour, Sugar and Salt smiled home last night as the management of the Companies doled out over N2 billion as rewards for their loyalty to the companies over the past one year.  At a colourful Gala night which the distributors were hosted to last night, top performers in each of the six …

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From left:- Charles Chijide, Immediate Past President, Outdoor Advertising Association of Nigeria(OAAN); Kole Ademolegun, Past President, OAAN; Chief Dr Mrs Nike Akande, President, Lagos Chamber of Commerce and Industry, (LCCI) and Tunde Adedoyin, President, OAAN during a courtesy visit and decoration of the LCCI President as the association’s patron,on Monday at the Commerce House.

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The Federal Government says it will assist cassava farmers and processors to create linkage markets to guarantee export and sale of cassava chips at the international market. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this at an Agribusiness Supplier Development Programme (ASDP) meeting organised by the United Nations Development Programme (UNDP) in Ibadan on Tuesday. Represented …

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Jaiz Bank Plc, a non-interest financial institution is targeting a profit After Tax (PAT) of N5.56 billion by the end of the 2021 financial year from the current N1.34 billion position. The bank disclosed this while addressing stockbrokers at the company’s, Facts Behind the Figures, shortly after it listed by the introduction 29.46 billion shares of 50 kobo each at …

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