Category: Economy

CBN Raises Interest Rate To 17.5%
January 24, 2023 No Responses

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...
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PTML Customs Command Generates N229.5b In 2022 
January 24, 2023 No Responses

PTML Customs Command Generates N229.5b In 2022 

Between January and December, 2022, the Nigeria Customs Service (NCS), Ports and Terminal Multiservice Ltd. (PTML) Command generated N229.5 billion.  The Customs Area Controller PTML Command, Suleiman Bomai said this at a media conference on Tuesday in La...
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Edo Refinery Begins Production
January 24, 2023 No Responses

Edo Refinery Begins Production

Edo State Government-backed Edo Modular Refinery has commenced production at its 6,000bpd plant in Ologbo, Ikpoba Okha Local Government Area.  A statement sent to City Business News on Tuesday explained that the facility with its feedstock can produce 50 ...
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Edo, Port of Antwerp, Seal Benin River Port Partnership  
January 24, 2023 No Responses

Edo, Port of Antwerp, Seal Benin River Port Partnership  

The Edo State Government has concluded plans with the Port of Antwerp from Belgium as part of measures to finalize the Benin River Ports project.   This was gathered from a meeting of the Benin River Port (BRP) Project Committee with...
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Emefiele: Stamp Duty Revenue Is N370b  Not N89trillion   
January 24, 2023 No Responses

Emefiele: Stamp Duty Revenue Is N370b  Not N89trillion   

The total revenue collected as stamp duty in six years between  2016 and 2022 is N370,686 billion, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed on Tuesday.   A House of Representatives member, Alhaji Muhammed Kazaure, ...
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Stockbrokers Project Nigeria’s Economic Growth In 2023
January 24, 2023 No Responses

Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers have assured the investing public that the economy has strong potential to bounce back this year.   They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook ...
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Photo News
January 24, 2023 No Responses

Photo News

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FirstBank To Hold 2023 Economic Outlook Webinar 
January 19, 2023 No Responses

FirstBank To Hold 2023 Economic Outlook Webinar 

First Bank of Nigeria is to hold its 2023 Nigeria Economic Outlook webinar to deliberate on national and global trends that will shape economic landscape in the new fiscal year.  The Group Head, Marketing and Corporate Communications of FirstBank, Mrs...
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FG, States, Local Councils Share N990.189b For Dec 2022  
January 18, 2023 No Responses

FG, States, Local Councils Share N990.189b For Dec 2022  

The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for the month of December 2022.   This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of...
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Kia Carens Wins Indian Car Of The Year Award
January 18, 2023 No Responses

Kia Carens Wins Indian Car Of The Year Award

The Kia Carens has been crowned as the Indian Car of the Year (ICOTY) 2023 and the Kia EV6 won the Green Car Award 2023 by ICOTY.   A statement sent to City Business News explained that with this, Kia...
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Economist Tasks FG On Production, Borrowings
January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited,  Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...
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Jime Calls For Dismantling Of Tariff, Non-Tariff Barriers To Intra African Trade
January 17, 2023 No Responses

Jime Calls For Dismantling Of Tariff, Non-Tariff Barriers To Intra African Trade

The Executive Secretary, Nigerian Shippers’ Council (NSC), Emmanuel Jime has urged African countries in West, Central Africa sub-region to fast-track the dismantling of various tariff and non-tariff barriers hindering intra-Africa trade. Jime, in his welcome...
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Buhari Harps On International Trade, Benefits Of AfCFTA
January 17, 2023 No Responses

Buhari Harps On International Trade, Benefits Of AfCFTA

President Muhammadu Buhari has challenged African countries to expand and diversify their participation in international trade as part of measures to explore the benefits of the African Continental Free Trade Agreement (AfCFTA).   Buhari stated this ...
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FG Earns $4.820b From Non-Oil Export In 2022 
January 14, 2023 No Responses

FG Earns $4.820b From Non-Oil Export In 2022 

Nigeria recorded a non-oil export earnings of $4.820 in 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Friday in Abuja.  Presenting the 2022 non-oil export report, the Executive Director/CEO of NEPC, Dr Ezra Yakusak explained that this r...
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