Economy – Page 111 – City Business News

April 27, 2022 No Responses

Nigeria Budgets N50b To Position Export Oriented Businesses

The Federal Government has committed N50 billion toward positioning export-oriented businesses in Nigeria, Vice President Yemi Osinbajo, said on Tuesday in Abuja. Speaking at a two-day National Conference on Non-oil Export organised by the Nigerian Export Promotion Council (NEPC), Osinbajo...

April 27, 2022 No Responses

Delta Seeks N150b Credit Facility From Zenith Bank, Others

The Delta House of Assembly has approved a request by Governor Ifeanyi Okowa for a bridging finance facility of N150 billion in favour of the state government. The governor’s request is contained in a letter which was read at&nbs...

April 15, 2022 No Responses

Fidelity Bank Drives Non-Oil Exports Awareness In North Central Through RT200 FX Seminar

Governor Simon Lalong of Plateau state has lauded the RT200 FX Programme by the Central Bank of Nigeria’s (CBN), stating that the nation stands to gain a lot in terms of expanding its foreign exchange earning capacity through previously underutilis...

April 13, 2022 No Responses

Buhari Orders Release Of 40,000 Tons Of Grains

President Muhammadu Buhari has approved the immediate release of 40,000 metric tons of assorted grains from the Strategic Grains Reserve, to assist less-privileged Nigerians to celebrate the forthcoming Easter and Sallah festivities. The Minister of Agricult...

April 11, 2022 No Responses

Fidelity Bank Takes Non-Oil Exports Campaign To North Central

Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. ...

April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. ...

April 1, 2022 No Responses

Airtel, Konga Sign MoU To Deepen Online Retail In Nigeria

Airtel Nigeria and Konga, an e-commerce platform, on Thursday signed Memorandum of Understanding (MoU) to deepen the digital and online retail landscape in the country. The News Agency of Nigeria (NAN) reports that the MoU was signed at the Airtel...

March 23, 2022 No Responses

Buhari: Dangote Fertiliser Plant To Boost Forex Earnings, Economic Growth

The $2.5billion Dangote Fertiliser Plant in Ibeju Lekki, Lagos, will boost Nigeria’s foreign exchange earnings and accelerate economic growth, President Muhammadu Buhari has said Inaugurating the three million metric tonnes per annum urea production pl...

March 17, 2022 No Responses

Unity Bank, NASME To Empower Women-Owned MSMEs

Unity Bank has received commendations for its commitment to women empowerment at the National Association of Small and Medium Enterprises, NASME’s International Women’s Day, (IWD) celebrations held in Lagos recently to push the frontiers of su...

March 16, 2022 No Responses

Nigeria Generates $3b From Non-Oil Export Products In 2021

The Nigerian Export Promotion Council (NEPC) has said that the country exported non-oil products worth 3.45 billion U.S dollars in the 2021 fiscal year. Executive Director of the NEPC, Mr Ezra Yakusak, who disclosed this while speaking at a seminar...

March 5, 2022 No Responses

Qatari Investments In Nigeria To Hit N500b

The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in Nigeria with expectations to hit about N500 billion before the year ends. Al-Hajri said this at the...

January 12, 2022 No Responses

LCCI Tasks FG On Inflation, Others

The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes. LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first qua...

January 11, 2022 No Responses

Nigeria, Greece Sign MoU On Economy, Security

The Federal Government has signed a Memorandum of Understanding (MoU) with the Hellenic Republic of Greece to strengthen bilateral ties, Nigeria’s economy diversification, and security, among others. Nigeria’s Minister of Foreign Affairs, Geoffrey On...

November 29, 2021 No Responses

Obaseki Commissions 5,400mt Per Annum Cashew Factory

Edo State Governor, Mr. Godwin Obaseki has tasked youths to embrace opportunities in the agriculture value chain by deploying innovative ideas to initiate and develop agribusiness projects. Obaseki made the submission after commissioning a 5,400mt per an...

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Category: Economy