Economy Archives — City Business News

October 21, 2021 No Responses

AfDB, MTN Sign $0.5m Grant-Agreement

The African Development Bank (AfDB) has signed a grant agreement worth $500,000 dollars with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN, for a study on the economic, religious and social factors hampering access to finance by women...

October 13, 2021 No Responses

AfCFTA: NPA Reiterates Support For Intra-African Trade

By ebosele@hotmail.com All seaports in Nigeria are being repositioned as efficient and reliable gateways as part of measures to optimise trade interconnectivity with other countries under the African Continental Free Trade Area (AfCFTA) agreement, A...

September 27, 2021 No Responses

FMDQ, DMO, Others Canvass Roadmap For Private Sector Intervention In Infrastructure Development

By ebosele@hotmail.com — Key stakeholders in the finance industry have urged the private sector to support the federal government’s drive to finance the infrastructural deficit in the country. They spoke at the annual conference/30th anniver...

September 25, 2021 No Responses

Nigeria Approves 12,000 Expatriates’ Quota In Two Years

Between August 2019 and September 2021, the Federal Government granted 12,000 expatriate quota licences to foreigners seeking to work in Nigeria. Media Adviser to the Minister of Interior, Rauf Aregbesola, Sola Fasure, in a statement issued on Friday, ex...

September 23, 2021 No Responses

FG To Promote Digital Economy

The Federal Government has said that it would facilitate the promotion of industrial digital economy, sustainable and inclusive economic development in Nigeria and Africa. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, said this at ...

September 12, 2021 No Responses

Nigeria Exports N41.9b Sesame, N13.7b Cashew In 2021 Q1

Federation of Agricultural Commodity Association of Nigeria (FACAN) says Nigeria’s agricultural export stood at N127 billion in the first quarter of 2021. The figure, according to the organisation, represents 128 percent increase, compared to N55.8 billion i...

August 31, 2021 No Responses

Enhancing Growth Through Telecommunications Based Research

Barring any last-minute’s adjustment, the deadline for the submission of responses for proposals on the Telecommunications-Based Research Innovation from Academics in Nigerian Tertiary Institutions expires Tuesday, August 31, 2021. Under the arrangemen...

August 22, 2021 No Responses

NCC, Others To Increase Nigeria’s GDP‘

The Ministry of Communications and Digital Economy says the Information Communication Technology (ICT) sector will increase its contributions to the country’s revenue, to boost the country’s Gross Domestic Product (GDP). The Minister of Communications and ...

August 21, 2021 No Responses

Nestle Empowers 50 Rural Women In FCT, Targets 300 In Second Phase

Nestle Nigeria Plc., on Friday inaugurated a project aimed at empowering rural women in Nigeria to scale up their retail businesses through training, mentorship and grants with Nestle products. Mr Khaled Ramada, Nestle Nigeria’s Commercial Manager, at the ev...

August 19, 2021 No Responses

FIRS Targets N10.1trn Revenue In 2022

The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year. Chairman of FIRS, Muhammad Nami stated this when he appeared before the House of Representatives Committee on Finance on Wednesday, in ...

July 13, 2021 No Responses

Economist Lauds Danbatta On N150b Spectrum Fees In Five Months

An economist, Dr Matthew Otoide has commended the board, management and staff of the Nigerian Communications Commission (NCC) for exceeding its projected revenue from spectrum license fees for 2021 from N36 billion to N150bil...

June 29, 2021 No Responses

Lafarge Reiterates Enhanced Investments In Nigeria

Lafarge Africa Plc has reiterated commitment to collaborate with the Federal Government agencies to improve investments to accelerate its world’s green transformation agenda. The company’s Board Chairman, Mr Adebode Adefioye, in a statement on Monda...

June 9, 2021 No Responses

Nigeria Seeks More Investment In Coconut Industry

April 7, 2021 No Responses

IMF Forecasts Stronger Recovery For World Economy

The International Monetary Fund is now forecasting a stronger economic recovery this year and next. The IMF has upgraded both its UK and global forecasts compared with what it projected in January. But the British economy is still predicted to...