Category: Economy

Cross River Concessions Cocoa Processing Plant  
September 21, 2022 No Responses

Cross River Concessions Cocoa Processing Plant  

Cross River Government has concessioned the ultra-model cocoa processing plant in Ikom, Ikom Local Government Area of the state to a private firm, AA Universal Agro Industries Ltd.   The Governor, Prof. Ben Ayade, explained during the handover in Calabar...
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UBA Begins Cross-Border Transactions With PAPSS In Q4  
September 20, 2022 No Responses

UBA Begins Cross-Border Transactions With PAPSS In Q4  

United Bank for Africa Plc (UBA) is to commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022.    Group Head, Digital Banking, UBA, Mr Kayode Olubiyi, expained on Tuesday at a.....
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Shippers’ Council Implores Stakeholders On Seaports Automation
September 20, 2022 No Responses

Shippers’ Council Implores Stakeholders On Seaports Automation

The Nigeria Shippers Council (NSC) has urged maritime stakeholders to support ongoing automation of the nation’s seaports.   Speaking as one of the panelists at the 2022 annual Finance Correspondents Association of Nigeria (FICAN) conference in Lagos, A...
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Shippers’ Council, NEXIM, NIWA, Navy,  Strengthen Regional Shipping Line Partnership  
September 20, 2022 No Responses

Shippers’ Council, NEXIM, NIWA, Navy,  Strengthen Regional Shipping Line Partnership  

The Nigeria Export-Import Bank (NEXIM) is currently working with the Nigeria Shippers’ Council (NSC), Nigerian Navy, National Inland Waterways Authority (NIWA) as part of measures to ensure smooth execution of the sub-Saharan regional shipping line project s...
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Yobe Earmarks N10.8b For Road Projects 
September 20, 2022 No Responses

Yobe Earmarks N10.8b For Road Projects 

The Yobe State Government, on Tuesday, disclosed that it will utilise N10.8 billion of the N18 billion refund received from the Federal Government on road construction projects.   The News Agency of Nigeria (NAN) reports that the recent N18 billion...
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SEC, UBA, BoI, Others Elaborate On Non-Oil Export Opportunities
September 19, 2022 No Responses

SEC, UBA, BoI, Others Elaborate On Non-Oil Export Opportunities

The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector.  The Director-General of SEC, Lamido Yuguda, stated this at the 2022 annual conference of the Financ...
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UBA DMD: Creative Industry Can Boost Nigeria’s Export Earnings
September 19, 2022 No Responses

UBA DMD: Creative Industry Can Boost Nigeria’s Export Earnings

Mr Muyiwa Akinyemi, the Deputy Managing Director, United Bank for Africa Plc, has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings.  Akinyemi gave the advice at the annual confe...
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Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 
September 18, 2022 No Responses

Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 

By Moses Ebosele, ebosele@hotmail.com   — Trade facilitation took the centre stage, in Lagos, on Saturday as key stakeholders brainstorm on challenges, existing modalities and gains recorded so far.   Speaking at the event, which forms part ...
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SEC Harps On Crowdfunding Benefits
September 12, 2022 No Responses

SEC Harps On Crowdfunding Benefits

The Securities and Exchange  Commission (SEC) has said that the operationalization of Crowdfunding will accelerate the Financial Inclusion agenda in Nigeria while increasing the quantum of investible funds by unlocking the untapped capital in the economy.  ...
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Q2: Nigeria’s Total Trade Stands At N12.841b 
September 9, 2022 No Responses

Q2: Nigeria’s Total Trade Stands At N12.841b 

Nigeria’s total merchandise trade stands at N12,841.54 billion, in the second quarter of 2022, the National Bureau of Statistics(NBS), has said.  This is according to the NBS Foreign Trade in Goods Statistics Report for Q2 2022 released in Abuja on...
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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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