Category: Economy

Edo Harps On Critical Role Of Oil Palm In Economic Diversification
September 9, 2022 No Responses

Edo Harps On Critical Role Of Oil Palm In Economic Diversification

Edo State Governor, Godwin Obaseki, has urged Stockbrokers to consider the impact increased investment in the oil palm sector can make in rejuvenating the Nigerian economy, adding that cash crops such as oil palm, rubber and timber among others were...
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Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  
September 7, 2022 No Responses

Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) has revealed a combined order for 11 LNG carriers worth approxima...
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Export Earnings Takes Centre Stage As FICAN Holds Annual Conference
September 7, 2022 No Responses

Export Earnings Takes Centre Stage As FICAN Holds Annual Conference

All is now set for the 2022 edition of the up Finance Correspondents Association of Nigeria (FICAN) annual conference. A statement issued by the leadership of the association disclosed that the conference, which will hold on Saturday 17th and Sunday...
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FMDQ Approves N30b Commercial Paper programme To Boost Agriculture
September 7, 2022 No Responses

FMDQ Approves N30b Commercial Paper programme To Boost Agriculture

The FMDQ Securities Exchange Ltd. has approved the registration of the Johnvents Industries Ltd N30 billion Commercial Paper (CP) to boost agriculture productivity.  A statement issued on Tuesday explained that the approval was in furtherance of the compa...
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FG Plans To Spend N19.76tri In 2023
August 30, 2022 No Responses

FG Plans To Spend N19.76tri In 2023

The Federal Government is proposing to spend N19.76 trillion in 2023.  Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, made the declaration in Abuja on Monday when she said the 2023 budget had a proposed deficit of N11.3...
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Manufacturers Task CBN On FOREX Allocation
August 26, 2022 No Responses

Manufacturers Task CBN On FOREX Allocation

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN)  to allocate more FOREX to manufacturers to allow for the importation of raw materials and machinery.  Edo/Delta branch chairman of MAN, Dr Okwara Udensi, made th...
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Nigeria, Japan Trade Volume Hits $1b 
August 20, 2022 No Responses

Nigeria, Japan Trade Volume Hits $1b 

The annual bilateral trade volume between Nigeria and Japan stands at $1 billion, the Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi, has said.  Speaking at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja, Kazuyoshi expl...
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Customs Intercept 119,940 Litres Of Petrol
August 17, 2022 No Responses

Customs Intercept 119,940 Litres Of Petrol

The Seme Command of the Nigeria Customs Service (NCS) has intercepted 119,940 litres of Premium Motor Spirit (PMS), popularly known as petrol, at the Badagry border creeks.   The Customs Area Controller, Comptroller Bello Jibo, made this known at a...
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Blackout In Lagos As Electricity Workers Begin Strike  
August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike  

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE).   Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirme...
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<strong>NPA To Receive 19 Ships Laden With Petroleum Products, Frozen Fish, Bulk Sugar, Others At Lagos Port  </strong>
August 16, 2022 No Responses

NPA To Receive 19 Ships Laden With Petroleum Products, Frozen Fish, Bulk Sugar, Others At Lagos Port  

The Nigerian Ports Authority (NPA), on Tuesday, disclosed that 19 ships laden with petroleum products and other items were expected at the Lagos Port Complex.   The NPA, in its daily Shipping Position, explained that the ships were exp...
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Unity Bank Targets Underbanked Women With ‘Yanga Market’ Campaign  
August 16, 2022 No Responses

Unity Bank Targets Underbanked Women With ‘Yanga Market’ Campaign  

Unity Bank Plc has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across Nigeria with its new retail product, the Yanga account. A statement sent to City BusinessNews Online on Tuesday explain...
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UK To Cut Taxes On Imports From Developing Countries
August 16, 2022 No Responses

UK To Cut Taxes On Imports From Developing Countries

The UK is to cut import taxes on hundreds more products from some of the world’s poorest countries to boost trade links. The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was...
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SON Inaugurates Training Center, Laboratory, Regional Office In Kano  
August 15, 2022 No Responses

SON Inaugurates Training Center, Laboratory, Regional Office In Kano  

The Standards Organisation of Nigeria (SON) has inaugurated a training center, laboratory and regional office at Khalifa Isiyaka – Rabiu housing estate in Kano metropolis.   During the inauguration, the Director-General of the organisation, Malam Faruk ...
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Nigeria’s Inflation Rate Increases To 19.64% In July
August 15, 2022 No Responses

Nigeria’s Inflation Rate Increases To 19.64% In July

Nigeria’s headline inflation rate increased to 19.64 per cent on a year-on-year basis in July, 2022, the National Bureau of Statistics (NBS), has revealed .   Prince Semiu Adeniran, the Statistician-General of the Federation and Chief Executive Officer, Nat...
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