NIGERIA: FG Advised to Look Beyond GDP Rebasing

0 0
Read Time:2 Minute, 7 Second

The federal government has been advised to look beyond the recent rebasing of the country’s gross domestic product (GDP) and focus on policies that will bring about inclusive growth.

 A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), Prof. Abdul-Ganiyu Garba made this remark while speaking at an ongoing seminar for financial journalists in Kaduna yesterday.

 The exercise had placed the size of the Nigerian economy as first in Africa and 26th in the world. With the rebased nominal GDP, the size of the Nigerian economy in terms of GDP was put at about $509 billion, displacing South Africa with a GDP of $370.3 billion at the end of 2013.

 “There are things that are deeper than the rebasing that we must focus on. There are bigger things that we should like at other than the rebasing.

 “I do know it gives us bragging rights, but we need to see beyond bragging. We must identify the things that are important to the transformation of the economy,” Garba who is of the Ahmadu Bello University, Zaria said.

 In his presentation tagged: “GDP Rebasing and Implications for FSS: 2020,” the Head, Financial System Strategy (FSS) 2020, CBN, Engr. Oluwatoyin Jokosenumi noted that the new GDP figure would enable Nigeria to join the ranks of middle-income countries.

 Nigeria used to be classified as low income economy, which it has vacated with the new rebased figures.

 The rebasing has thrown up sectors which were not there and unaccounted for. This will attract investors in such sectors thereby promoting growth in the long run.

 The rebasing exercise has captured the structural changes in the economy
 “For Nigeria's fiscal sector, rebasing will improve the debt-to-GDP ratio, currently less than 20 per cent and expose a weaker tax base.

 “The Financial System Strategy (FSS) 2020 is a national reform program aimed at developing and transforming Nigeria’s financial sector into a growth catalyst to fast track the achievement of the Vision 20:2020 and engineer Nigeria’s evolution into an International Financial Centre,” Jokosenumi added.

 He stressed the need to attract affordable international credit to fund affordable housing programmes, even as he supported the move to create a mortgage refinance company.

 Furthermore he stressed the need for an increase in the provision of long term low interest financing for small and medium scale enterprises to thrive.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Contractors Give ExxonMobil 14 Days to Address Alleged Discriminatory Contract Awards

0 0
Read Time:1 Minute, 44 Second

Indigenous contractors working for ExxonMobil Unlimited in Eket, Akwa Ibom, on Thursday gave the company 14 days to address lingering issue of discrimination against them in the award of contracts.

The News Agency of Nigeria (NAN) reported that the contractors are indigenes of Eket, Esit-Eket, Onna and Ibeno local government areas, which constitute the host communities of the oil company.

The ultimatum by the contractors operating under the aegis of “Joint Core Communities Contractors Association” was contained in a letter dated June 17, 2014, to the management of ExxonMobil
In the letter by the contractors’ Chairman, Chief Friday Ebong and Secretary, Mr Godwin Eleazar, which was made available to NAN in Eket, they described ExxonMobil’s attitude toward them “as disdainful and retrogressive.”

They accused the company of oppressing local contractors in spite of their competence.
  “We are competent to handle major contracts both onshore and offshore, but over the years, no meaningful contract had been given to our members.

“In line with the local content policy of the Federal Government, we, as stakeholders, deserve a better deal and partnership with the oil company,” the contractors said.

They threatened to explore every legitimate means to compel the oil company to address the “injustice” if it failed to act before the expiration of the deadline which began on Tuesday.

“ExxonMobil has the responsibility to develop and patronise indigenous contractors with quality contracts, so that they can compete with other contractors nationally and internationally,” they stated.

They alleged that the company had been evading dialogue on “mutual working relationship” with the association.

The contractors said that they were stakeholders in the activities of ExxonMobil and warned that the company could face rough business environment if it remained adamant to issues of good relationship with them.

When contacted, the Public Affairs Manager of ExxonMobil at its Qua Iboe Terminal, Mr Akaniyene Esiere, said that the management of the company was aware of the contractors’ complaints and was disposed for dialogue with them.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

IPMAN Lauds Court Ruling, Commends Alison-Madueke

0 0
Read Time:1 Minute, 33 Second

The Obasi Lawson-led faction of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended Justice Valentine Ashi of the Federal High Court sitting at the Federal Capital Territory (FCT) for what the association called the judiciary courage and incorruptibility.

Commenting on the recent ruling on the suit No: FCT/HC/CV/1479/2014, IPMAN noted that the presiding judge “exhibited the finest principles of natural justice, equity and good conscience by granting a stay on a contentious case before him, where recondite point of law and other extenuating circumstances have been brought before the court.”

In a statement signed by Lawson, IPMAN also stated that as an institution, it had always believed in the old saying that judiciary is the last hope of the common man.

The association also stated that having been vindicated by the ruling, it had no doubt whatsoever in its mind that this was step in the right direction.

IPMAN also commended the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, for what it described as her peace initiatives.

“It is instructive to note the contributions and peace initiatives of the Minister of Petroleum Resources, we are indeed very grateful,” said Lawson.

The association also appreciated the support of the Nigeria Labour Congress (NLC), National Union of Petroleum and Natural Gas (NUPENG) workers, Nigerian Association of Road Transport Owners (NARTO) and other stakeholders.

“Our association uses this opportunity to express our profound gratitude to NLC, NUPENG, NARTO and various stakeholders for their continuous support and goodwill.

We also want to thank all our past leaders for their respective contributions towards peace in IPMAN,” Lawson added.
He charged all the members of the association to be law abiding and ensure uninterrupted supply of petroleum products nationwide and support the administration and transformation agenda of President, Goodluck Jonathan.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

NIGERIA: World Bank Seeks End to Gas Flaring by 2030

0 0
Read Time:2 Minute, 16 Second

The World Bank will urge producers of oil to stop flaring natural gas by 2030, saying the amount of fuel wasted in the practice would generate enough power to meet all of Africa’s demand for electricity.

 “It will be voluntary but we hope that both companies and countries will see the sense in what we are proposing,” Anita George in the bank’s extractive industry unit was quoted by Bloomberg to have said in Moscow.

 “We are planning to propose it in September.”

 The World Bank is leading 33 companies and nations in the Global Gas Flaring Reduction partnership that seeks to shrink the industry custom by 30 percent in the five years to 2017. The gas is pumped from fields when companies drill for oil.

 Halting the burning of about 140 billion cubic meters of gas globally every year would reduce carbon-dioxide emissions equivalent to taking about 70 million cars off the roads.

 Mexico and Azerbaijan have reduced flaring about 66 per cent and 50 per cent, respectively, in the past two years, George said.

 In Nigeria, Royal Dutch Shell Plc is investing about $4 billion to reduce flaring from local oil fields.

 BP Plc’s biggest flaring occurs at its crude production in the Rumaila oilfield in Iraq, the chief executive officer at the London-based company, Bob Dudley said.

 It’s proposing to pump gas to Kuwait to reduce the country’s liquefied natural gas imports.

“That would be a big step forward for the world,” Dudley added.
 He downplayed the World Bank initiative.

 “Zero is like saying never or nothing,” he said. “So that’s probably not realistic, that’s an aspiration to go.”

 “According to satellite data Russia is by far the largest flarer of gas,” George said at the World Petroleum Congress in Moscow. OAO Rosneft, OAO Sibur Holding, OAO Lukoil, OAO Gazprom Neft and OAO Surgutneftegas have been increasing use of the gas partly for local power generation, she said.

 The World Bank’s GGFR experts have been crunching satellite data for more than year to compile a new report on flaring. The last was published in July 2012, with 2011 data.

 “We’re working on calibrating the flares” to get reliable results, said Bjorn Hamso, program manager. Preliminary results show the US share of flaring is growing after a surge in its oil and gas production.

 It’s behind Iraq and Russia “competing for the top spot,” followed by Nigeria and Iran, Hamso said.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

NIGERIA: Fitch Affirms Stanbic IBTC’s ‘AAA(nga)’ Rating

0 0
Read Time:2 Minute, 47 Second

Fitch Ratings has affirmed Stanbic IBTC Holding Company Plc's national long-term rating at 'AAA(nga)' and national short-term rating at 'F1+(nga)'.

The affirmation, according to a statement, followed the global rating agency’s rating action on South African banks on 17 June 2014, where the agency revised the Outlook on Standard Bank Group Limited's long-term foreign currency Issuer Default Rating (IDR) to negative from stable and affirmed the rating at 'BBB'.

 Standard Bank is Stanbic IBTC’s parent company, with a 53.2 per cent ownership.

 It explained that Stanbic IBTC’s ratings were based on parent support.
“Nigeria is an important market for Standard Bank Group and Fitch views Stabic IBTC as a strategically important subsidiary, underpinned by high integration with the parent group.

 “Stanbic IBTC’s ratings are sensitive to Fitch assessment of the willingness or ability of Standard Bank Group to provide support to Stanbic IBTC,” it explained.

 At the current level, Fitch noted that the ratings could withstand a downgrade of up to three notches of Standard Bank Group's 'BBB' IDR as Nigeria's country ceiling of 'BB-' is currently four notches lower.

 Group Holds Investors’ Forum on NITEL/MTEL

 In view of the move by the federal government to privatise the Nigerian Telecommunications Plc (NITEL) and its subsidiary, the Nigerian Mobile Telecommunications Limited (MTEL), the Special Protective Services (SPS) has disclosed plans to organise an Investors’ forum in London on Monday.

 The event would be organised in partnership with Fosad Consulting Limited, the Bureau of Public Enterprise (BPE) and the liquidator of NITEL/MTEL.

 A statement from the organisers explained that the event would be an opportunity for delegates to meet and hear from the NITEL/MTEL’s key technical team.

Furthermore, it stated that expert to speak at the forum would include senior policy makers, leading telecoms investors and NITEL/MTEL’s hands-on professionals.

 They are expected to provide participants with insight into the opportunities and benefits to be accrued from investing in the federal government’s assets.

 The federal government through the National Council on Privatisation (NCP) recently approved the privatisation of NITEL and MTEL through a guided liquidation strategy.

 The government had opted to wind up both institutions and sell-off the companies’ assets to would-be investors due to the waning activities of the telecommunications giants.

As a result of this, the federal government is seeking buyers for the assets of the distressed companies in what it called “guided liquidation”.

 The liquidator, Otunba Olutola O. Senbore, in conjunction with the Bureau of Public Enterprises (BPE) recently requested for Expression of Interest (EOIs) from interested and capable investors to be prequalified to bid and purchase the business undertakings and the assets of NITEL and MTEL as single companies or joint ventures.

 The liquidator, in an advertorial had said bidders to be considered must possess a minimum of five years of telecoms experience and have a net worth of at least $200 million. They are also expected to submit the bids not later than 1600 GMT on 30 June 2014.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

NIGERIA: Disengagement Fever Grips Customs

0 0
Read Time:1 Minute, 58 Second

 Disengagement fever has gripped the Customs High Command as rum ours of mass layoff are making the rounds

The planned disengagement is expected to take place before the third quarter of the year.

Though a number of men and officers have been retiring from the Nigeria Customs Service (NCS) over the years, the present number of men and officers slated for disengagement is said to be “unprecedented”.

Impeccable sources at NCS Headquarters, Abuja told THISDAY that nearly 1000 personnel would be disengaged from the service before the end of this year.

Though the development was not a surprise to the affected men and officers as they were said to have been notified since last year but it was gathered that fear gripped the affected personnel when they realized the terminal date of their leaving the service is at hand.

Giving an insight into the retirement of the 765 men and officers, the service in its 2014 Statutory Retirement List for Officers and Men, said the exercise was hinged on “statutory retirement by length of service/age”
Those affected include 12 Comptrollers, 20 Deputy Comptrollers, and 27 Assistant Comptrollers.

Also to go are 27 Chief Superintendents, 56 Deputy Superintendents and 40 Assistant Superintendents 1, while the start-off rank for commissioned officers- Assistant Superintendents II- recorded 31.

Similarly, there are 23 in senior non-commissioned officers or inspectorate cadre, 43 Deputy Chief Inspectors, 95 Assistant Chief Inspectors, 104 Principal Inspectors, 125 Senior Inspectors, 79 Inspectors, and 19 Assistant Inspectors.

Also affected are 19 Chief Customs Assistants, 10 Senior Customs Assistants, 5 Customs Assistants I, and one Customs Assistant II.
Meanwhile, the deployment of top officers which has been the hallmark of the Comptroller-General of Customs, Alhaji Inde Dikko Abdullahi led management team has hit NCS once again.

In the latest development, no fewer than eight Assistant Comptrollers (ACGs), and 22 Comptrollers have been redeployed.

Abdullahi was said to have ordered the redeployment because some of the affected officers failed to meet their revenue targets.
Some of the officers, sources said, were queried in March for failing in their duties.

Sources said the decision of the Customs boss informed by the fact that he was not satisfied with their responses besides the need to inject in fresh blood into the service so as to boost NCS operations across the country.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Maritime Expert Wants Annual Surveys on Maritime Activities

0 0
Read Time:1 Minute, 46 Second

 Executive Director, Intrass Limited, Mr. Femi Awogbade has called on stakeholders in the maritime industry to publish an annual survey report on maritime activities across the country.

Giving an insight to his call, Awogbade who holds sway in the shipping and logistics firm told journalists in Lagos that the survey would provide information on the activities and performance of all the sub-sectors in the maritime industry.

According to him, the information from the report was necessary to step up compliance in the maritime and international trade activities, and also serve as a guide to potential investors.

Statistics is a means by which you gather data to measure your performance.

When you know that there is someone who is watching your performance, be it performance of the shipping companies, freight forwarders, Nigerian Customs, and the regulatory bodies, you want to perform better.

We see how Customs Officers delay jobs in their care due to system breakdowns, which in turn delays cargo clearing; these are things that need to be published.

The survey would also serve as a guide to investors and stem poor compliance in the maritime sector and international trade as a whole.
The survey should be published by government regulatory bodies or delegated to any empowered stakeholder to do," he said.

Awogbade urged organisations to show willingness to provide their annual data to any of the stakeholders who may be empowered to publish the survey.

The Executive Director, African Centre for Supply Chain (ACSC), Mr. Obiora Madu also told journalists that a statistical survey was necessary to enforce compliance in the maritime industry and international trade, as a whole.

He said that trade compliance was a national challenge, saying that poor compliance gave Nigeria a bad name in the international trade scene.
We need to publish a document that will help logistics and compliance in Nigeria, if we must begin to take an upper hand in international trade.

While we have lingering challenges like shipping gridlock at the ports and delays in cargo clearing procedures, we need to publish a survey document to mirror the performances," he added.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

NIGERIA: AFC Facilitates $1.305bn Deal in Chad

0 0
Read Time:1 Minute, 53 Second

 The Africa Finance Corporation (AFC) yesterday disclosed that it was the lead arranger of a $1.305 billion pre-payment facility for Glencore Energy UK. The facility would be used by Glencore to provide financing of up to $1.450 billion to Société des Hydrocarbures du Tchad (“SHT”), the National Oil Company of Chad.

 The pre-payment facility would in turn, be used by SHT to acquire Chevron Global Energy Incorporated’s 25 per cent participating interest in the Doba consortium, which owns and operates oil producing assets in Chad.

 Other financial institutions involved in the pre-payment facility were Credit Agricole Corporate and Investment Banking; Deutsche Bank, FBN Bank (UK) Limited, Natixis, Société Generale Bank and Citibank N.A. as the account bank.nAFC’s contribution to the financing was $100 million.

 The Doba Consortium owns and operates the Doba Consortium petroleum assets in Chad, together with the pipeline companies responsible for transporting crude oil to Cameroon for export. The Consortium comprises ExxonMobil Corporation (ExxonMobil), Chevron Global Energy Inc. (Chevron), and Petroliam Nasional Berhad (Petronas).

 The field is operated by ExxonMobil. The Natural Resources sector is a core investment priority for AFC. The Corporation is playing an active role in supporting the acquisition of assets by indigenous entities.

 This forms part of the Corporation’s wider objective to support the enhancement of local content, and local ownership, in the natural resources sector across the continent. This investment marks the first project for the AFC in Chad, which joined the Corporation as a member country in October 2012.

Commenting on the investment the President and Chief Executive Officer, AFC, Andrew Alli said: “We are particularly pleased to be able to finance our first project in Chad, a member country of the AFC since 2012.

 “This investment represents a continuation of our strategy to support the indigenisation of Africa’s oil and gas sector through the provision of finance for the acquisition, or development of assets by local entities.

“By providing finance for Glencore’s pre-payment facility, AFC is ultimately supporting the industrial and economic development of the Republic of Chad.”

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Shareholders Approve Union Bank’s $750m Capital Raising Exercise

0 0
Read Time:2 Minute, 6 Second

Shareholders of Union Bank of Nigeria Plc yesterday  approved the request of the directors of the bank to raise about $750 million (N120 billion)  capital. The shareholders, who gave the approval they 45th annual general meeting (AGM) of the bank in Lagos, also expressed excitement at the bank’s return to profitability.

 The directors had asked the shareholders, among other  things,  for their authority “to take all necessary steps to raise medium term funding by  the issuance of debt instruments(s), tenured bond(s) and/or tier 11 securities or a combination of these financing options, up to a maximum of $750million  or its equivalent in any currency or such terms as may be determined by the Board.”

 Addressing the shareholders, Chairman of Union Bank, Udoma Udo Udoma said the fresh capital will facilitate the  execution of the bank’s  new strategies.

 According to him, Union Bank finalised its three year strategy which provided a clear direction for its future growth in line with the on-going transformation programme.

“Union Bank aspires to be a highly respected provider of quality banking services, and to achieve this, the bank has identified six core areas, which are pivotal to tis success-the quality of our customer experience, the quality of our client base, the quality of our talent, the quality of our banking platform and our professional standards and the quality of our earnings,” Udoma said.

 Speaking in the same vein, the Group Managing Director of Union Bank, Mr. Emeka Emuwa said the bank’s main priority in 2013 was to improve its efficiency by addressing  operational challenges and implementing cost optimisation initiatives.

He said the  the second priority was to develop medium term strategy which  clearly outlined a road map to realising the bank’s ambition to be a.

  highly respected provider of quality banking services. Emuwa declared that the bank made considerable progress on both fronts He said the bank recorded gross earnings of N121 billion, showing an increase of four per cent above the N117 billion posted in 2012.  Profit before tax rose by 31 per cent from N2.8 billion to N3.8 billion, while total assets stood at N1 trillion as at the end of 2013.
“For 2014, our focus will be on executing key elements of our strategy, which we believe will yield immediate results,” Emuwa said.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

NSE to Review Composition of Market Indices

0 0
Read Time:1 Minute, 47 Second

 The Nigerian Stock Exchange (NSE) 30 Index, NSE 50 Index and the other five sectoral indices will be reviewed at the end of this month, the exchange said yesterday.

 The five sectoral indices are: NSE Banking, NSE Consumer Goods, NSE Oil & Gas, NSE Industrial, NSE Insurance and NSE Lotus Islamic Index.

According to the NSE, the composition of these indices, after the review effective July 1, will witness some changes. It said while some major companies will move out of the indices, others will enter.

 The NSE 30 Index, for instance,  five companies-Ashaka Cement Plc, Seven-Up Bottling Company Plc, Sterling Bank Plc, Mobil Oil Nigeria Plc and Conoil Plc are likely to enter.

On the other hand, Skye Bank Plc, Total Nigeria Plc, Fidelity Bank Plc, Glaxo Smithkline Consumer Plc and FCMB Group Plc are to exit.

In the case of the  NSE 50 Index, Champion Breweries Plc, Beta Glass Company Plc, NAHCO Plc and UBA Capital Plc are expected to enter, while WAPIC Insurance Plc, Continental Reinsurance Plc, MRS Oil Nigeria Plc, Cement Company of Northern Nigeria  Plc and Unity Bank Plc are likely to exit.

With respect to Banking Index, Sterling Bank  and Unity Bank Plc will be  in while Wema Bank Plc and Fidelity Bank Plc will be out.

For  NSE Oil & Gas Index,  Japaul Oil Maritime Services Plc and  Beco Petroleum Products Plc will be  come in, while Eterna Plc and MRS Oil Nigeria Plc will be out.

 According to the exchange, the stocks picked based on their market capitalisation from the most liquid sectors.

 “The liquidity is based on the number of times the stock is traded during the preceding half year. To be included, the stock must be traded for at least 70 per cent of the number of times the market opened for business,” the exchange explained.

 Meanwhile, trading at the stock market remained bearish as the NSE All-Share Index fell for  the second day, shedding 0.76 per cent to close at 41,135.40.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %