Economy Archives — Page 114 of 231

March 31, 2023 No Responses

Experts Explore 25 Tomato, Pepper Seed Varieties In Nigeria

Agricultural experts at Prime Agro Seed in collaboration with Netherland-based agro solutions firm, PROFYTA, have commenced trial of 25 tomato and pepper seed varieties as part of measures to boost production. Speaking at a seed exhibition event on Friday in...

March 31, 2023 No Responses

Okomu Oil Task Communities On Project Maintenance

By Moses Ebosele, ebosele@hotmail.com — Okomu Oil Palm Company Plc has trained executive members of neighbouring communities on how to manage projects situated in their respective communities effectively. The Acting Managing Director of the Company, Mr ...

March 30, 2023 No Responses

Capital Market Gets Major Boost As Senate Passes Investments Bill

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and...

March 29, 2023 No Responses

Cadbury Nigeria Declares N55.2b Gross Earnings For 2022

Cadbury Nigeria Plc, a subsidiary of Mondelēz International, recorded gross earnings of N55.21 billion for the full year ended December 31, 2022. The turnover represents 30 per cent growth when compared to the N42.37 billion posted in the same period in....

March 29, 2023 No Responses

Stock Market Investors Lose N341b

The Nigerian Exchange Ltd. (NGX) on Tuesday witnessed further drop in market indices by 1.2 per cent, amid sustained negative investment sentiments. Specifically, the NGX All-Share Index dropped 626.14 points or 1.2 per cent to close at 53,124.63 compared with...

March 29, 2023 No Responses

NIMASA Donates Vehicles To Maritime Workers

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA and the Maritime Workers Union of Nigeria, MWUN, have restated their commitment to continuous stakeholder engagement as an effective tool to maintain the peace that the nation’s...

March 29, 2023 No Responses

Ecobank Takes Financial Planning Education To Schools

Ecobank Nigeria has embarked on financial education for Secondary School students across the country on personal financial management including savings, budgeting, and investment being part of activities to commemorate Global Money Week (GMW). Tutoring t...

March 27, 2023 No Responses

NIMASA, NCC Partner On Submarine Cable Regulation

The Nigerian Maritime Administration and Safety Agency (NIMASA), and Nigerian Communications Commission (NCC) have agreed to work closely in developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Niger...

March 27, 2023 No Responses

Envoy: All Set For Air Peace Direct Flight To India March 31

The much-anticipated direct flights from Nigeria to India is set to commence on March 31, 2023, Mr Gangadharan Balasubramanian, Indian High Commissioner to Nigeria, has said. Balasubramanian told the News Agency of Nigeria (NAN) in Abuja that Air Peace, a...

March 27, 2023 No Responses

Edo Gets Tentative Approval For Auchi Airport

The Edo State Governor, Mr. Godwin Obaseki, has said the State Government is committed to the development of a new airport in Auchi, Edo North Senatorial District of the State. Briefing journalists in Auchi, at the weekend, Obaseki said the...

March 27, 2023 No Responses

Court Blocks Oyo State Govt’s Accounts In Four Banks Over N3.4b Debt

A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on...

March 26, 2023 No Responses

17 Vessels Discharge Cargo At Lagos Ports

Seventeen vessels are currently discharging petrol, bulk wheat, bulk sugar, bulk salt, frozen fish, petrol, butane gas, soya bean meal, automobile gasoline and bulk urea at the Lagos Ports. The Nigerian Ports Authority (NPA) also disclosed on Saturday that fiv...

March 24, 2023 No Responses

NPA Remittance To Federation Account Hits N91b

The Nigerian Ports Authority (NPA) remittances to the Consolidated Revenue Account (CRA) of the Federal Government have increased from N80 billion to N91 billion in the last one year. The increase in remittance is coming amidst low Importation into the...

March 22, 2023 No Responses

CBN Disburses N12.65b Agric Intervention Fund

The Central Bank of Nigeria (CBN) has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read t...