Economy Archives — Page 146 of 259

February 8, 2023 No Responses

Korean Envoy Harps On African Continent’s Blue Economy Potentials

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong has described Nigeria as the gateway to unlocking the potential of the African Continent’s Blue Economy. Choi Yeong, who made the assertion during a courtesy call on the...

February 7, 2023 No Responses

LIRS, FIRS Seal Tax Audit Pact

The Lagos State Internal Revenue Service (LIRS) and Federal Inland Revenue Service (FIRS) on Monday, February 6, 2023, signed a Memorandum of Understanding on the exchange of information and implementation of joint tax audit and investigation exercise. ...

February 7, 2023 No Responses

DMO Presents N130b Sukuk Cheque To FMWH, FCTA

The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries. The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capit...

February 5, 2023 No Responses

ASSBIFI Seeks Safety Of Banks’ Staff, Property

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has again called on the security agencies to ensure the safety and security of banks’ staff and property. ASSBIFI President, Mr Olusoji Oluwole, in a sta...

February 4, 2023 No Responses

Group Urges CBN Governor To Resign

A group of Concern Citizens of Sokoto State (CCSS) has urged Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), to resign within 72 hours or face legal action. The group made the call in a letter dated...

February 3, 2023 No Responses

IFC Partners Union Bank ON Trade, SMEs

To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC has announced a partnership with Union Bank of Nigeria Plc as part of measures to help the bank expand lending to hundreds of businesses...

January 31, 2023 No Responses

INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA

INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria. A statement sent to City Business News explained that Nigeria is now the sixth market in Sub-Sahara Africa to join the INEOS Automotive brand, followi...

January 31, 2023 No Responses

Nigeria Woos Landlocked Countries As Buhari Unveils Dala Inland Dryport

President Muhammadu Buhari has commissioned the Dala Inland Dryport, in Dala Local Government Area of Kano State. The inauguration of the Port form part of President Buhari’s visit to Kano State on Monday. The President, who arrived a...

January 30, 2023 No Responses

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....

January 28, 2023 No Responses

Fuel Scarcity Worsens, Bites Harder In FCT

Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premuim Motor Spirit (PMS), known as petrol worsened. A correspondent of the News Agency of Nigeria (NAN...

January 28, 2023 No Responses

Buhari To Commission Dala Inland Dry Port On Monday

President Muhammadu Buhari will commission the Dala International Inland Dry Port on Monday, January 31, 2023. A statement issued by the Managing Director, Dala Inland Dry Port, Ahmad Rabiu on Friday explained that all was set for the commissioning of...

January 28, 2023 No Responses

Stock Market Closes Week With N52b Decline

The Nigerian Exchange (NGX) closed negative due to buy-interests and sell-offs in large and small capitalised stocks. Also, the market capitalisation dropped by N52 billion to close at N28.681 trillion as against N28.733 trillion posted at the previous...

January 27, 2023 No Responses

AfDB Commits $10bn To Drive Food Security In Africa

The African Development Bank (AfDB) Group is to commit $10 billion over the next five years to make Africa food secure. The president of the bank, Dr Akinwumi Adesina made the commitment at the Dakar Africa Food Summit in Diamniadio,...

January 27, 2023 No Responses

CBN Unveils Africa-Led Domestic Card Scheme

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Thursday, unveiled an African Central Bank led National Domestic Card Scheme (AfriGO) to address local peculiarities. At the event, which was monitored virtually, Emefiele said the new...