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Western lotto tackles commission over ban of foreign lottery games
A frontline gaming company, Western Lotto Nigeria Limited, has reacted to the news of the purported prohibition of foreign lottery games in Nigeria by the National Lottery Regulatory Commission (NLRC), describing it as “ill-advised,…
Seed Council assures farmers of best seed varieties in 2020
The National Agricultural Seeds Council (NASC) has assured farmers that they would get the best genetics and varieties of seeds in 2020 in order to boost productivity.The Director-General of NASC, Dr Philip Ojo, gave the assurance, on…
CBN mulls intervention for cocoa value chain
The Central Bank of Nigeria (CBN) has indicated that it would support the cocoa value chain to increase the production of quality cocoa and assist farmers on best practices.The National President of Cocoa Farmers Association of Nigeria…
NSE: Market capitalisation gains N2.22trn in seven days of trading
The market capitalisation of the Nigerian Stock Exchange (NSE) rose N2.22 trillion or 17.10 per cent in seven trading sessions with the market maintaining an upward trend since the beginning of 2020.Data obtained by the News Agency of…
Access Bank denies EFCC’s arrest of its GMD
Access Bank Plc has denied reports that its group managing director, Mr Herbert Wigwe, has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud.Some online news sites had reported that the…
NSE: BUA Cement Plc lists 33.9bn shares to become 3rd most capitalised
The Nigerian Stock Exchange (NSE) listed the 33.864 billion ordinary shares of 50 kobo each BUA Cement Plc at N35 per share, thus becoming the third largest company on the NSE.The debut listing of the cement company shares on Thursday…
Minister directs NBC to implement measures to reposition broadcast industry, create jobs
The Minister of Information and Culture, Alhaji Lai Mohammed, has directed the National Broadcasting Commission (NBC) to immediately implement measures aimed at re-positioning the broadcast industry with a view to sanitizing the industry,…
Oxford Business Group set to release report on Nigeria’s 2020 economic outlook
The Oxford Business Group (OBG), has announced its readiness to release a comprehensive report detailing Nigeria’s economic outlook for 2020, with emphasis on the country’s drive to boost investment.The Group also revealed that the…
Equities market sustain previous stance as investors gain N119bn
Equities trading on the Nigerian Stock Exchange (NSE) maintained previous day gains by adding 0.90 per cent to its indices.Specifically, on Tuesday, the All Share Index closed higher at 27,586.93bps, leaving the Year to date return at…
NAICOM extends brokers, loss adjusters’ licences to two years
National Insurance Commission (NAICOM) said it has commenced a two-year licence renewal regime for insurance brokers and loss adjusters.This is as Acting Commissioner for Insurance, Mr Sunday Thomas, disclosed that the commission will…