Economy Archives — Page 160 of 259

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) confirmed the development in...

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...

August 16, 2022 No Responses

UK To Cut Taxes On Imports From Developing Countries

The UK is to cut import taxes on hundreds more products from some of the world’s poorest countries to boost trade links. The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was...

August 16, 2022 No Responses

Oil Prices Tumble As China Economy Stutters

Oil prices slumped nearly five percent Monday on data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US ...

August 15, 2022 No Responses

SON Inaugurates Training Center, Laboratory, Regional Office In Kano

The Standards Organisation of Nigeria (SON) has inaugurated a training center, laboratory and regional office at Khalifa Isiyaka – Rabiu housing estate in Kano metropolis. During the inauguration, the Director-General of the organisation, Malam Faruk ...

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...

August 14, 2022 No Responses

Female Accountants Train 120 Business Owners, Other Professionals

The Society of Women Accountants of Nigeria (SWAN) on Saturday held a one-day seminar for more than 120 business owners and other professionals on keeping accurate financial records. The seminar, titled, “Accounting for Non-Accountants,” which was held in ...

August 13, 2022 No Responses

Customs Generates N1.293tri In Six Months

Between January and June, this year, the Nigeria Customs Service (NCS), generated N1.293 trillion into the Federation Account, 28.8 per cent higher than the N1.004 trillion attained within the same period in 2021. Addressing Journalists on Friday in Abuja, t...

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...

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...

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...

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...

August 8, 2022 No Responses

How To Address Nigeria’s Economic Challenges, By NECA

The Nigeria Employers’ Consultative Association (NECA) has described the economic challenges facing the country as multi-faceted and called for a holistic and multi-pronged approach to resolving them. NECA’s Director-General, Mr Wale Oyerinde, in a state...