The Nigerian Stock Exchange has given a report of shares traded as of 20th October 2020. According to NSE 297,311,966.00 shares valued at #2,926,878,117.39 were traded as at yesterday in 4,736.00 deals. The Nigerian Stock Exchange stated that the all-share index rose by 0.3% to close at 288,665.82. The top 3 advancers are NB with 4.67%, Flour Mill advanced by 4.55% and INTBRE rose by 3.90%. The market snapshot reveals that equity capital is #14,983,157,268,577.55, while the value of bond capital is #17,021,869,565,806.40 and ETF capital was valued at #16,406,553,859.11. The top 3 decliners are Mobil with -4.60% , followed…
Author: Adebimpe A.
The World Trade Organization has today announced the initiation of the new portal which according to the WTO will facilitate progress in attaining trade- related ‘Sustainable Development Goals’. According to WTO, the Sustainable Development Goals Trade Monitor was launched today at the United Nations Conference on Trade and Development (UNCTAD) and the International Trade Centre (ITC). The new portal assembles the latest progress in achieving the trade-related Sustainable Development Goals (SDGs) of the United Nations. The new portal which was launched on World Statistics Day, permits users to carry out customized analysis of the trade-related SDG indicators, with the…
In a bid to safeguard health of Nigerians, the National Agency For Food and Drug Administration and Control, the bagency ensures that all regulated products by NAFDAC, have expected quality. The Agency has therefore developed a 5-year traceability plan towards achieving supply chain visibility. According to NAFDAC, it has partnered with pre-shipment agent in China and India to eliminate substandard medicines in Nigeria. The Director-General of NAFDAC, Prof Mojisola Adeyeye added 70% of the medicines used in Nigeria are imported, while 30% are produced in the country. She therefore stated that attention must be given to both imported and local…
Chevron alongside other oil and gas producing companies has today announced progress in reducing upstream carbon emission and have set a target for the collective upstream carbon level in order to reduce the effect of carbon emission on climate. The Oil and Gas Climate Initiative also noted that they reached beyond the set target of upstream methane intensity of 0.25% and tends to lower methane level to 0.20% by 2025. The statistics show 22% progress made in upstream methane emissions since 2017. 7% of the collective upstream carbon intensity was as a result of members contributory action. In 2019, 21.1kg…
The Honourable minister of states for health, Dr A.O Mamora, has today during the presidential task force briefing on COVID-19, stated that medical equipments such as ventilators and oxygen concentrators have been distributed to all federal government owned tertiary hospitals all over the country. Dr Mamora while speaking noted that the initiative to achieve regular and stable power supply in hospitals all over the country are being figured out. According to him, the management of the Niger Delta Power Holdings have been dialogued with, during which they discussed partnership that will enhance stable power supply in federal government owned teaching…
The International Monetary Fund has today given an outlook of ‘World Economic Growth Projections’. IMF identified that growth in advanced economies as at 2019 is 1.7%, while in 2020 it is at -5.8% and will probably be at 3.9% in 2021. Growth in emerging markets and developing economies in 2019 was 3.7%, while in 2020 it was at 3.3% and will probably be at 6.0% in 2020. The World Economic Outlook released in June shows how difficult it would be to revive the economy while the pandemic persists. As many economies reopened during the pandemic in May and June the…
In view of the selection of the next World Trade Organization, consultations have kicked start today and come an end on the 27th of October 2020. According to the WTO who made it known on their page, only two candidates remain for members consideration. Recall that the nomination for the position of new Director-General of the World Trade Organization started on the 8th of June 2020 at the end of which 8 candidates were nominated by their respective governments. The candidates met with WTO at the special general council meeting, during which they presented their views and entertained questions from…
The World Trade Organization has released the statistics of trade in Covid-19 related products. According to the WTO trade has played an important role in delivering essential supplies to fight COVID-19. Due to the pandemic trade in COVID-19 products increased rapidly. There has been rapid increase in global export of critical products which includes Personal Protective Equipments, hand sanitizers and ventilators. The trade in this product increased to an estimated $187 billion in the first half of 2019. According to the WTO, global trade in face masks, which has constituted substantial part of the ‘PPE’ figure increased by 76% to…
The Nigerian National Petroleum Group has in a post disclaimed the alleged hack of its website. According to the NNPC, it’s notice has been drawn to the purported hack of it’s website and that of prominent federal government owned institutions. In lieu of this the NNPC has stated that no breach of the corporation’ website has occurred. The Corporation thereby urged NNPC group partners and stakeholders of the authenticity of their spamware protection. Also NNPC has made it clear that the corporation’ web-based platforms are properly secured and members of the public are assured of quality service on all their…
The World Trade Organization, has in commemoration of it’s 25th year anniversary tend towards getting a female Director- General, and in view of this celebrates it’s women pioneers. These women according to the WTO, have made landmark contributions to the WTO and have developed international trade. One of these women is Arancha Gonzalez, who was the first woman to attain the position of a chief of staff to a WTO Director-General, in the cabinet of Pascal Lamy. She was also appointed as the Executive-Director of the International Trade Center in 2013. In 2020, Arancha Gonzalez, was appointed as the Minister…