Economy Archives — City Business News

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 N150billion. In a chat with City Business News (www.citybusinessnews.com)...

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...

December 12, 2020 No Responses

Tony Elumelu Foundation Partners EU On Economic Empowerment For 2,500 African Women In 2021

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy committed to empowering young African entrepreneurs, has announced a partnership with the European Union to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021.&nbs...

December 7, 2020 No Responses

Experts Proffer Leeway For Post COVID-19 Nigerian Economy

For the Nigerian economy to survive the negative impact of COVID-19 pandemic, some stakeholders in the financial market have offered solutions that would help boost the economy. Speaking at the weekend in Lagos, Uche Uwaleke, a Financial Economist and a....

November 20, 2020 No Responses

IMF: Global Economy ‘Losing Momentum’

The global economic recovery may be losing momentum as coronavirus infections surge again, the International Monetary Fund has warned. Fund chief Kristalina Georgieva said more economic help is needed, and warned countries against withdrawing aid too soon. Rec...

October 17, 2020 No Responses

Lee Engineering Boss Seeks Import Duty Waiver, Tax Relief For Indigenous Fabrication Firms

Executive Chairman, Lee Engineering, Dr Leemon Ikpea, has appealed to the Federal Government to grant import duty waiver and tax relief for indigenous fabrication companies as part of measures to support the government in job creation and boost the eco...

October 17, 2020 No Responses

Ganduje At NSC, Implores FG On Rail Extension To Dala Inland Port

Governor of Kano State, Abdullahi Ganduje has called on the Nigerian Shippers’ Council (NSC) to follow up with the Federal Ministry of Transportation to declare Dala Inland Dry Port as a destination port. Ganduje made the call when he visited...

October 14, 2020 No Responses

FEC Boosts NRC‘s Security With N1.28b Equipment, N22b For Apapa-Oworonsoki-Ojota Road

The Federal Executive Council (FEC) has approved N1.28billion for the purchase and installation of security equipment at seven stations of the Nigerian Railway Corporation (NRC) along Abuja-Kaduna-Kano lines. The Minister of Transportation, Mr Rotimi Amaechi, ...

October 14, 2020 No Responses

CBN Warns Shipping Lines, Shippers On Export Proceeds Numbers

Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of...

October 14, 2020 No Responses

Ecobank Rewards Xpress Point Agents

Ecobank Nigeria has rewarded its Agency Banking partners, also known as Xpress Point Agents across the six geo-political zones of the country with mouthwatering gifts for their performances from January to September 2020. This reward is coming ahead o...

September 23, 2020 No Responses

SON Certifies 21 Manufacturers

The Standards Organisation of Nigeria (SON) ) has certified 13 manufacturers in the Federal Capital Territory (FCT) for maintaining consistency in the quality of their products. SON FCT Coordinator, Mr Gambo Dimka, said this at the organisation’s “Manda...

September 23, 2020 No Responses

Nigeria Mulls Tax Holiday For Maritime Sector

As part of measures to stimulate investment and boost activities in the maritime industry, amid the downturn induced by COVID-19, the Federal Ministry of Transportation is seeking a package of tax incentives for the sector. Director-General of the Nigeri...