Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Top 10 performing stocks
On the top performing stocks last week were the shares of May & Baker Nigeria Plc, UBA Capital Plc, Cadbury Nigeria Plc, NPF Microfinance Bank Plc, Fidelity Bank Plc and Cutix Plc. Others were International Energy Insurance Company, IEI Plc, FCMB Group Plc, Transnational Incorporation of Nigeria (Transcorp) Plc and Caverton Offshore Support Group Plc.
Shell withdraws funding of Delta Youth Training Centre
By Emma Amaize EGBOKODO—SHELL Nigeria Exploration and Production Company, SNPECo, one of the three finance partners of the Delta State Government –owned Multipurpose Youth Training Centre, Egbokodo, Warri, Delta State, has pulled out of the funding of up-to-the-minute vocational institution. The state government, United Nation Development Programme, UNDP, and Shell had been jointly funding the […]
Anxiety over 2015 polls: LCCI urges business operators not to panic
Ahead of the general elections in the country, Lagos Chamber of Commerce and Industry, LCCI, weekend, urged business operators not to express any worry over the effect of the elections on the country’s economy. Vice President and Chairman of Trade Promotion Board of LCCI, Dr. Michael Olawale-Cole gave the assurance at the unveiling ceremony of the 2015 Information Communication Technology and Telecommunication, ICTEL EXPO, held at the LCCI conference and exhibition centre, Lagos.
Investors lose N363bn as stock market value drops to N9.987trn
INVESTORS, yesterday, lost N363.5 billion as value of stocks on the Nigerian Stock Exchange market, (market capitalisation) declined by 2.75 per cent to N9.987 trillion from N10.250 trillion on Friday. Operators stated that major loses recorded by the banking sub sector contributed significantly to push down market capilisation. The market capitalisation represents the total value of shares traded on the exchange.
Lafarge Africa’s profit after tax falls by 43%
Lafarge Africa Plc has reported decline in key performance indicators for its financial year ended December 31, 2014 with the profit after tax falling by a 43 percent. Highlights of the 2014 results released, weekend, showed that the it recorded N34.661 billion as profit after tax for the year as against N60.953 billion achieved in the same period in 2013.
