Tag: City BusinessNews

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 explained that...
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eNaira Records 200,000 Users, N4b Transactions Value
August 19, 2022 No Responses

eNaira Records 200,000 Users, N4b Transactions Value

The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and N4billion value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of...
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Bayelsa, NDDC Seal Partnership On Key Projects
August 17, 2022 No Responses

Bayelsa, NDDC Seal Partnership On Key Projects

The Bayelsa State Government and the Niger Delta Development Commission, NDDC, have agreed to partner on key infrastructure projects for the benefit of the people of the state.   Speaking when he hosted the NDDC Interim Administrator, Dr. Efiong Akwa and...
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SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 
August 15, 2022 No Responses

SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 

The Capital Market Master Plan (CMMP) initiatives have helped in promoting transparency, protecting investors and enhancing market confidence, the Securities and Exchange Commission (SEC), reiterated at the weekend.   SEC in a statement issued on Sun...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022
August 13, 2022 No Responses

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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NPA Receives 21 Ships With Petroleum Products, Frozen Fish, Wheat, Others
August 12, 2022 No Responses

NPA Receives 21 Ships With Petroleum Products, Frozen Fish, Wheat, Others

The Nigerian Ports Authority (NPA) on Thursday disclosed that 21 ships are expected to arrive at the port from Aug. 11, 2022  According to NPA in its daily Shipping Position, the ships are expected to arrive at the Lagos Port...
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Cocoa Farmers Task FG, SON On Pesticides Regulation
August 10, 2022 No Responses

Cocoa Farmers Task FG, SON On Pesticides Regulation

Cocoa farmers in Cross River, have appealed to the Federal Government to tackle the influx of fake and substandard pesticides into the country.  The farmers under the aegis of the Cocoa Association of Nigeria (CAN), Cross River chapter, gave the...
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Broadband Penetration Hits 44.5% As NCC Reviews Short Code Services
August 10, 2022 No Responses

Broadband Penetration Hits 44.5% As NCC Reviews Short Code Services

Nigeria’s broadband usage has continued on the rise, moving up from 40.9 per cent in February 2022 to 44.5 per cent in July 2022, a figure considered hopeful for achieving the national broadband target of 70 per cent in 2025. ...
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Sokoto Secures N4b Loan For 16,000 Farmers
August 9, 2022 No Responses

Sokoto Secures N4b Loan For 16,000 Farmers

The Sokoto State Government has secured a N4 billion loan to be distributed to 16,000 rice, wheat and tomato farmers in the state.Gov. Aminu Tambuwal disclosed this on Monday in Sokoto, while launching the sale of 10,000 metric tons of...
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‘Benin River Port’ll Ease Congestion of Lagos Ports, Enhance Economic Growth‘ 
August 9, 2022 No Responses

‘Benin River Port’ll Ease Congestion of Lagos Ports, Enhance Economic Growth‘ 

Benin River Port, on completion, will ease the congestion being experienced daily at the various ports in Lagos, Edo State Governor, Mr. Godwin Obaseki, reiterated on Monday.   Addressing delegates at the panel review exercise on the Environmental an...
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Nigerian Shippers‘ Council Assures Kano Business Communities Of Timely Delivery Of Goods
August 6, 2022 No Responses

Nigerian Shippers‘ Council Assures Kano Business Communities Of Timely Delivery Of Goods

The Executive Secretary of the Nigerian Shippers Council (NSC),  Emmanuel Jimeh has assured the Kano business communities of timely and door-step delivery of goods.  Speaking at the designation of Dala Inland Dry port as an import and export bas...
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Management Debunks Sale Of Polaris Bank
August 6, 2022 No Responses

Management Debunks Sale Of Polaris Bank

The management of Polaris Bank has denied the purported sale of the bank by the Central Bank of Nigeria (CBN) to a private individual for N40 billion.  In a statement on Friday, the Bank said such speculative publication was a...
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Investors Recover N81b As Equity Market Closes Positive
August 6, 2022 No Responses

Investors Recover N81b As Equity Market Closes Positive

Trading activities at the Nigeria equity market closed in a positive posture, as investors raked in N81.01 billion gain on Friday.  Similarly, the gain made the market capitalisation close at N27.358 trillion from N27.276 trillion recorded on Thursday.&nb...
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FG Inaugurates National Cocoa Management Committee
August 3, 2022 No Responses

FG Inaugurates National Cocoa Management Committee

The Federal Government on Tuesday inaugurated the National Cocoa Management Committee (NCMC), to tackle some of the challenges in the cocoa sector.  Speaking at the inauguration of the 11-man Committee on National Cocoa Management, in Abuja, the Minister ...
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