Equities’ value on the Nigerian Stock Exchange (NSE) appreciated Wednesday, by N17.04 billion. Specifically, equities’ value, represented by the market capitalisation, rose by 0.34 per cent to close at N5.064 trillion from N5.047 trillion at which it opened.
The All-share index also dropped by 0.34 per cent, shedding 72.22 basis points to close at 21,467.26 points from 21,395.04 points at which it opened.
The Manufacturers” Association of Nigeria (MAN) has agreed to pay N40 per cubic feet of gas to break the lingering crisis between manufacturers and Gaslink Nigeria Ltd. Gaslink Nigeria Ltd is a subsidiary of Oando Plc.
A dimension stones expert, Mr Oliseh Ejiofor, on Wednesday in Abuja urged government to ban the importation of the stone to develop the local market.
LOCAL carpets and rugs manufacturers, under the umbrella of the Manufacturers Association of Nigeria (MAN), has implored the Federal Government, saying “do not allow the carpet industry to die.”
APM Terminals Apapa Limited has installed a new modern, state-of-the-art Crane Simulator with a view to modernizing, up grading and making the Apapa container terminal more efficient.
The Managing Director of Nigerian Ports Authority (NPA), Malam Abdulsalam Mohammed has called for the development of green fields to expand ports’ facilities.
Hopes of improved business prospects may have risen for Indigenous vessel operators as judges; lawyers and stakeholders brainstorm on core aspects of the enabling laws of the Nigerian Maritime Administration and Safety Agency NIMASA. The aim of the meeting is to harness the Cabotage Act and make them benefit Nigerians.
THE National Association of Nigerian Traders (NANTS) has attributed the inactivity in the transport industry to the failure of the rail system, and called for an audit of the service sector in Nigeria.
The management of APM Terminals Apapa has taken strong exceptions to a report published in a national newspaper of Monday 13th November, 2009 alleging unfair labour practices at the terminal.
The Minister of Commerce and Industry, Achike Udenwa, has re-inaugurated the Enlarged National Focal Point (ENFP) Committee.
Accordingly, the committee has been charged with the responsibility of brainstorming and advising the ministry on decisions relating to domestic and international trade as well as trade negotiations.
