Economy Archives — Page 159 of 258

August 26, 2022 No Responses

Manufacturers Task CBN On FOREX Allocation

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to allocate more FOREX to manufacturers to allow for the importation of raw materials and machinery. Edo/Delta branch chairman of MAN, Dr Okwara Udensi, made the...

August 25, 2022 No Responses

FG, States, LGCs Share N954.085b

The Federation Account Allocation Committee (FAAC), has shared N954.085 billion with the three tiers of government, as federation allocation for July. This is according to a statement signed by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on&nbs...

August 25, 2022 No Responses

Stock Market Recovers N65b

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle and Stanbic Bank Specifically, the market capitalisation gained N65 bil...

August 24, 2022 No Responses

Nigeria Exports $2.6b Non-Oil Products In Six Months

Nigeria exported over 4. 146 million metric tonnes of non-oil products, worth $2.593 billion from January to June 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Tuesday. Presenting the first half year 2022 progress report to Journ...

August 24, 2022 No Responses

Nigeria Decries Abuse Of Expatriate Quota Policy

The Minister of Interior, Alhaji Rauf Aregbesola has decried the abuses and gross violations of Nigeria’s expatriate quota policy by foreigners and some organisations in the country. Aregbesola condemned the practice on Tuesday in Abuja at the re-inaug...

August 22, 2022 No Responses

100 MSMEs Secure Export Certifications

Over 100 Medium, Small and Micro Enterprises (MSME) have received export certifications to qualify them for the export of their products, the Nigerian Export Promotion Council (NEPC), disclosed on Sunday in Jos, Plateau State. The Executive Director of NEP...

August 22, 2022 No Responses

Lekki Deep-Sea Port To Lift Nigeria’s Economy, Create 112,000 Jobs, Says Minister

Minister of Transportation, Alhaji Muazu Sambo, on Sunday said that the Lekki Deep-Sea Port project would create 112,000 jobs for Nigerians upon its completion. Sambo gave the declaration on Sunday while speaking to newsmen in Jalingo. He said that the...

August 21, 2022 No Responses

Ecobank Reiterates Support For Creative Industry

The Managing Director and Regional Executive, Ecobank Nigeria Limited, Bolaji Lawal has assured that the Bank will continue to provide a platform for harnessing and powering the creative industry in Nigeria. The Managing Director made this pledge at the Photog...

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 expl...

August 20, 2022 No Responses

NPA Generates N172b Revenue In Six Months

Between January and June 2022, the Nigerian Ports Authority (NPA) generated N172.286 billion in revenue.Within the same period, the Authority remitted N78.497 billion to the Consolidated Revenue Fund (CRF) of the federation.Giving details of the half-year 2...

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...

August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE). Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirme...

August 16, 2022 No Responses

NPA To Receive 19 Ships Laden With Petroleum Products, Frozen Fish, Bulk Sugar, Others At Lagos Port

The Nigerian Ports Authority (NPA), on Tuesday, disclosed that 19 ships laden with petroleum products and other items were expected at the Lagos Port Complex. The NPA, in its daily Shipping Position, explained that the ships were exp...

August 16, 2022 No Responses

Unity Bank Targets Underbanked Women With ‘Yanga Market’ Campaign

Unity Bank Plc has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across Nigeria with its new retail product, the Yanga account. A statement sent to City BusinessNews Online on Tuesday explain...