Economy Archives — Page 161 of 259

August 6, 2022 No Responses

FG: Dala Dry Port Has Potential To Service Cargo Needs Of Nigeria, Niger Republic, Mali

The Kano Dala Dry Port project has the potential to service the cargo needs of the North West, North East, Niger Republic and Mali with a seamless transportation system for both import and export, the Permanent Secretary, Ministry of Transportation, Dr Magdalene...

August 5, 2022 No Responses

FG Partners World Bank On Land Remediation

The Federal Government is to partner World Bank to establish Agro-Climate Resilience in Semi-Arid Landscapes (ACRESAL), a programme to remediate drylands and wetlands across the country. The Minister of Environment, Alhaji Mohammed Abdullahi, said this at th...

August 5, 2022 No Responses

Buhari Challenges BUA Chairman On Investments, Charity

President Muhammadu Buhari has urged businessman and philanthropist, Abdulsamad Rabi’u, to carry forward his momentum of investments and charitable deeds as he marks his 62nd birthday. Malam Garba Shehu, the president’s spokesman stated that the...

August 5, 2022 No Responses

Naira Gains Marginally At Investors, Exporters Window

The Naira on Thursday gained against the dollar at the Investors and Exporters window, exchanging at N428.12. The figure represented an increase of 0.25 per cent compared with the N429.20 it exchanged for the dollar on Wednesday. The open indicative...

August 3, 2022 No Responses

FG Inaugurates National Cocoa Management Committee

The Federal Government on Tuesday inaugurated the National Cocoa Management Committee (NCMC), to tackle some of the challenges in the cocoa sector. Speaking at the inauguration of the 11-man Committee on National Cocoa Management, in Abuja, the Minister ...

August 3, 2022 No Responses

Dakio: Palm Oil, Key To Economic Prosperity In Niger Delta

Interim Administrator, Presidential Amnesty Programme in the Niger Delta, Retired Col. Milland Dikio has challenged youths in the region to exploit opportunities in the oil palm business. Addressing a workshop in Yenagoa organised by a group of ex-agitators...

August 2, 2022 No Responses

Jime: FG To Designate All Inland Dry Port As Port Of Origin

The Executive Secretary, Nigerian Shippers’Council (NSC) Mr Emmanuel Jime, says the Federal Ministry of Transportation is in the process of designating all dry ports to be port of origin and destination. Jime made this known at a stakeholders sensiti...

August 2, 2022 No Responses

DMO Lists Additional FGN Savings Bonds

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit. DMO explained on Monday in Abuja that the first offer is a...

July 31, 2022 No Responses

ABCON Urges CBN To Float Naira

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...

July 30, 2022 No Responses

Unity Bank Posts N27.6b Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30. According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...

July 30, 2022 No Responses

Buhari Approves Lekki Deep Seaport For Commercial Operations

President Muhammadu Buhari has approved the designation of Lekki Deep Seaport as a Customs Port and Approved Wharf. This is contained in the official Twitter handle of the Nigerian Ports Authority (NPA) on Friday. It stated that the Managing Direct...

July 28, 2022 No Responses

Firstmonie Agents Hit One Billion Transaction Volume

Firstmonie has collectively processed transaction volume in excess of one billion, amounting to over N22 trillion, First Bank of Nigeria Ltd, has disclosed Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney in a statement ex...

July 28, 2022 No Responses

NEPZA, FIRS Agree To Adjust FTZs New Tax Administration Pact

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concer...

July 27, 2022 No Responses

Economist Implores Investors On Taking Position

A Professor of Capital Market, Prof. Uche Uwaleke, has advised investors interested in the equities market to buy stocks in September and sell in January 2023 to reduce the impact of electioneering activities on investment. Professor Uwaleke gave the ad...