Category: Economy

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri
December 5, 2019 No Responses

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri

The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.The passage followed the consideration and adoption of the report of Senate Committee on Appropriation.The News...
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Neimeth, Cornerstone, Emerge Best Performing Stocks In November
December 5, 2019 No Responses

Neimeth, Cornerstone, Emerge Best Performing Stocks In November

Neimeth, Cornerstone Insurance and Chams have emerged as the best performing equities on the Nigerian Stock Exchange (NSE) in the month of November.Data obtained by the News Agency of Nigeria (NAN) indicates that Neimeth led eight others to emerge as...
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Kano 40th Trade Fair To Host 150 Countries
November 27, 2019 No Responses

Kano 40th Trade Fair To Host 150 Countries

No fewer than 150 foreign countries and 15 Nigeria states are expected to participate at the Kano 40th Trade Fair scheduled to begin December 30, 2019.This was disclosed on Wednesday by the Acting President, Kano State Chamber of Commerce, Amb....
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DMO Puts Nigeria’s Debt Profile At N25.7 Tri
November 23, 2019 No Responses

DMO Puts Nigeria’s Debt Profile At N25.7 Tri

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As ...
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NAHCO Generates N7.38b Revenue, N782M Profit In Q3
November 14, 2019 No Responses

NAHCO Generates N7.38b Revenue, N782M Profit In Q3

By citybusinessnews@yahoo.com For the nine months ended September 30, 2019, the Nigerian Aviation Handling Company Plc (nahco aviance) has declared gross revenue of N7.38Billion.The Company also posted Profit Before Tax of 973.1 million. The figure is 241...
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Nigeria To Mainstream Maritime Sector For Economic Development
November 12, 2019 No Responses

Nigeria To Mainstream Maritime Sector For Economic Development

The Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed that the Federal Government of Nigeria is poised to ensure the maritime sector gets into the mainstream of economic strategy to lift economic growth and prosperity.The Minister who affirme...
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Critical Role Of Domestic Savings, Foreign Capital To Nigeria’s Development, By Osinbajo
November 7, 2019 No Responses

Critical Role Of Domestic Savings, Foreign Capital To Nigeria’s Development, By Osinbajo

The Federal Government has stressed the need for mobilisation of domestic savings and foreign capital to finance the country’s needs in infrastructure, agriculture, housing SMEs and other services.Vice President, Prof. Yemi Osinbajo, stated this in a key...
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Groundnut Producers Seek Support For 17.5m Metric Tonnes Projection
November 5, 2019 No Responses

Groundnut Producers Seek Support For 17.5m Metric Tonnes Projection

The National Groundnut Producers Processors and Marketers Association of Nigeria (NGROPPMAN), has commended plans by the Federal Government to increase groundnut output to about 17.5 million metric tonnes by the end of 2025.The President of the association, Ai...
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How Co-operatives Aid Development in African Economies
November 5, 2019 No Responses

How Co-operatives Aid Development in African Economies

–Total E&P Co-op as case study — The rapid advancement of mechanization from the mid-1700s to the early 1800s which is now considered as the Industrial Revolution, resulted in job losses for many skilled workers across Europe. The knock-on effe...
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Lagos To Relocate Trade Fair To Permanent Site
November 4, 2019 No Responses

Lagos To Relocate Trade Fair To Permanent Site

The Lagos State Government is to relocate the Lagos International Trade Fair from Tafawa Balewa Square (TBS) to a permanent site.Speaking on Monday after visiting some pavilions at the ongoing 2019 Lagos International Trade Fair, taking place at the Tafawa...
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Border Closure: Nigeria Reassures Farmers Of Support
November 3, 2019 No Responses

Border Closure: Nigeria Reassures Farmers Of Support

The Minister of State for Agriculture and Rural Development, Mustapha Shehuri,  on Saturday reassured farmers on accessibility of better farming equipment and government support. Shehuri gave the assurance when he visited the Livestock House of the Federa...
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Emefiele: CBN’s Unconventional Policy To Grow Economy Paying Off
November 1, 2019 No Responses

Emefiele: CBN’s Unconventional Policy To Grow Economy Paying Off

Ensuring price stability and growing the nation’s economy through unconventional policy is paying off,Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has saidEmefiele stated this at the first Convocation Lecture of Edo University, Iyamho, Auchi on Fr...
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Reflections On WFE’s 59 General Assembly, Annual Meeting In Singapore
November 1, 2019 No Responses

Reflections On WFE’s 59 General Assembly, Annual Meeting In Singapore

 By Oscar Onyema, CEO, NSE I am honoured to recap the 59th WFE General Assembly & Annual Meeting (GA&AM) held in Singapore, 8-10 October 2019. It always gives me great pleasure to attend the WFE’s flagship conference, which is our...
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SIFAX Boss Tasks African Businesses On Emerging Opportunities In Global Market
November 1, 2019 No Responses

SIFAX Boss Tasks African Businesses On Emerging Opportunities In Global Market

Group Managing Director, SIFAX Group, Mr. Adekunle Oyinloye, has urged businesses on the African continent to dream big by taking advantage of emerging opportunities on the global stage.He said doing this would transform them to global business brands with att...
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