Category: Economy

Fidelity Bank Harps On Youth Empowerment, Rewards Customers
January 25, 2020 No Responses

Fidelity Bank Harps On Youth Empowerment, Rewards Customers

To curb crime and unemployment in the country, the Managing Director, Fidelity Bank Plc, Mr Nnamdi Okonkwo has emphasized need for youth empowerment.Speaking in Lagos on Saturday during Fidelity Bank appreciation party themed; ‘Give them Wings’, Okonkwo said the Bank...
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DMO Explains Nigeria’s N26trillion Debt
January 18, 2020 No Responses

DMO Explains Nigeria’s N26trillion Debt

The Director-General, Debt Management Office (DMO), Patience Oniha on Friday disclosed that Nigeria’s total public debt rose above N26.22 trillion as at September 2019.  In a chat with Journalists in Abuja, Oniha also denied denied recent reports that t...
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“Nigeria Not Ready For Implementation Of Eco Single Currency”
January 17, 2020 No Responses

“Nigeria Not Ready For Implementation Of Eco Single Currency”

Nigeria is not yet ready for the implementation of the ECOWAS Single Currency (Eco) in 2020,Minister of Foreign Affairs, Geoffrey Onyeama has saidOnyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s posi...
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FG, States, LGs Share N716.2b
January 17, 2020 No Responses

FG, States, LGs Share N716.2b

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019.The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse disclosed this while ad...
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Dangote: Maritime Key To Economic Development, Growth
January 17, 2020 No Responses

Dangote: Maritime Key To Economic Development, Growth

The President of Dangote Group of Companies, Alhaji Aliko Dangote, has identified the maritime industry as key in the efforts to restimulate the Nigerian economy.Dangote made the assertion in a statement in Lagos while commenting on the country’s economic po...
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Market Capitalisation Recovers N150b
January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per...
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ICPC To Track Fraudulent Activities In Capital Market
January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...
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Onne Customs Surpasses 2019 Revenue Target by 112%
January 10, 2020 No Responses

Onne Customs Surpasses 2019 Revenue Target by 112%

The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State generated ₦107.3billion from duty paid on imported goods in 2019.A statement issued by the Public Relations Officer, Ifeoma Onuigbo Ojekwu, explained that the figure surpasses the an...
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FG Reconstitutes CAC Board
January 10, 2020 No Responses

FG Reconstitutes CAC Board

The Federal Government on Thursday reconstituted the new board of Corporate Affairs Commission (CAC) and appointed Mr Ademola Seriki as the board Chairman with effect from Jan. 7.A statement issued in Abuja by Mr Ibrahim Haruna, Deputy Director, Press of...
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Opinion: Extreme Events Are Reversing Development Goals
January 10, 2020 No Responses

Opinion: Extreme Events Are Reversing Development Goals

By Patricia Scotland, Commonwealth Secretary-General Cyclones in the Caribbean and Pacific, devastating bushfires in Australia, recurrent floods and droughts in Asia and Africa, increasingly bring tragic loss of life to our nations and communities, inflicting ...
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Presco Exceeds 2019 Target, Lauds Border Closure
December 22, 2019 No Responses

Presco Exceeds 2019 Target, Lauds Border Closure

– A key player in the agricultural sector of Nigerian Stock Exchange (NSE), Presco Plc has ended 2019 business year on a happy note.Addressing workers at a ceremony to end the year on Saturday, Managing Director, Felix Nwabuko also commended...
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CBN, Group Inaugurate 10,000 Hectares Of Oil-Palm Plantation In Kogi –
December 22, 2019 No Responses

CBN, Group Inaugurate 10,000 Hectares Of Oil-Palm Plantation In Kogi –

An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in Kogi.Mr Joseph Idoko, President...
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At APPEALS Project Support Mission In Lagos, Food Security Tops Agenda
December 18, 2019 No Responses

At APPEALS Project Support Mission In Lagos, Food Security Tops Agenda

The World Bank-Federal Government of Nigeria joint 4th Implementation Support Mission of Agro Processing, Productivity Enhancement and Livelihood Support (APPEALS) Project opened on Wednesday in Lagos with Kogi and Lagos States co-hosting.The Mission in Lagos ...
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IOSCO Tackles Conflict Of Interests In Debt Capital Raising
December 17, 2019 No Responses

IOSCO Tackles Conflict Of Interests In Debt Capital Raising

The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on proposed guidance to help IOSCO members address potential conflicts of interest and associated conduct risks arising from the role of market intermediaries ...
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