Economy Archives — Page 148 of 259

January 18, 2023 No Responses

FG, States, Local Councils Share N990.189b For Dec 2022

The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for the month of December 2022. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget...

January 18, 2023 No Responses

Kia Carens Wins Indian Car Of The Year Award

The Kia Carens has been crowned as the Indian Car of the Year (ICOTY) 2023 and the Kia EV6 won the Green Car Award 2023 by ICOTY. A statement sent to City Business News explained that with this, Kia...

January 18, 2023 No Responses

State Governors Invite Emiefele For Meeting Over New Naira Notes

The 36 state governors have invited the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emiefele, for a virtual meeting on Thursday over issues related to the new naira notes introduced by the apex bank. The Head, Media...

January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited, Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...

January 17, 2023 No Responses

Jime Calls For Dismantling Of Tariff, Non-Tariff Barriers To Intra African Trade

The Executive Secretary, Nigerian Shippers’ Council (NSC), Emmanuel Jime has urged African countries in West, Central Africa sub-region to fast-track the dismantling of various tariff and non-tariff barriers hindering intra-Africa trade. Jime, in his welcome...

January 17, 2023 No Responses

Buhari Harps On International Trade, Benefits Of AfCFTA

President Muhammadu Buhari has challenged African countries to expand and diversify their participation in international trade as part of measures to explore the benefits of the African Continental Free Trade Agreement (AfCFTA). Buhari stated this ...

January 17, 2023 No Responses

Emefiele Resumes, Set For First 2023 MPC

The Governor of the Central Bank of Nigeria (CBN), resumed duty at the apex bank’s headquarters in Abuja on Monday after spending his annual leave abroad. The News Agency of Nigeria (NAN) reports that Emefiele had been out of the...

January 17, 2023 No Responses

Investors Lose N90b In Bearish Trading

Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note on Monday as market capitalisation was down by N90 billion or 0.31 per cent to close at N28.512 trillion from N28.602 trillion at the...

January 16, 2023 No Responses

Onne Customs Generates N242b In 2022

The Nigeria Customs Service (NCS), Onne Area ll Command, generated N242 billion in 2022. In a statement on Sunday, the Customs Area Controller, Auwal Mohammed, explained that the command’s revenue collection had been on the increase since his assumptio...

January 14, 2023 No Responses

FG Earns $4.820b From Non-Oil Export In 2022

Nigeria recorded a non-oil export earnings of $4.820 in 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Friday in Abuja. Presenting the 2022 non-oil export report, the Executive Director/CEO of NEPC, Dr Ezra Yakusak explained that this r...

January 13, 2023 No Responses

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023. A statement sent to City Business News explained that the meeting, now in its 62...

January 13, 2023 No Responses

SIFAX ICT Records 8,736 Hours Zero Lost Time Injury

SIFAX Inland Container Terminal, a subsidiary of SIFAX Group attained 8,736 hours of zero lost time to injury (LTI) during operations at the terminal in 2022. This was disclosed by Mr. Paul Linden, Managing Director, SIFAX Inland Container Terminal,...

January 13, 2023 No Responses

SAHCO Seeks Duty Waiver For Ground Handling Operators

The Managing Director, Skyway Aviation Handling Company (SAHCO) Plc, Mr Basil Agboarumi, has called on the Federal Government to grant duty waiver on operational equipment for ground handling companies operating in the nation’s airports. Agboaru...

January 11, 2023 No Responses

CBN Sensitises Marketers, Guarantees Availability Of New Notes

The Central Bank of Nigeria (CBN) has assured marketers and traders that it has made the redesigned naira notes (1000, 500, 200) available for them via Automated Teller Machines (ATMs). The Branch Controller, CBN, Lagos State, Mr Koyor Baribokola, gave...