Economy Archives — Page 164 of 259

June 25, 2022 No Responses

Saraki Tasks Women Maritime Practitioners On Development

The Minister of State for Transportation, Sen. Gbemisola Saraki, has urged the Maritime Women Association to coordinate and integrate their efforts toward engendering better positioning and development of the port industry. Saraki gave the advice during a stakeholder meeting with...

June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said Mr Lamido Yuguda, the Director-General of SEC, out...

June 22, 2022 No Responses

CBN Rewards Lagos Farmers With Cash Gifts

Three farmers in Lagos State have won the “Best Farmer of the Year 2021” award organised by the Development Finance Department of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that the farmers were given...

June 22, 2022 No Responses

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses. Similarly, the All-Share In...

June 21, 2022 No Responses

Buhari To Private Sector: Reinvest Profit On Job Creation

President Muhammadu Buhari has appealed to members of the organised private sector to reinvest their profits on creation and retention of jobs. Buhari made the appeal while declaring open the maiden Nigeria Employers’ Summit of the Nigeria Employers’...

June 21, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Edo State Governor, Mr. Godwin Obaseki, has said the government’s sustained investment in oil palm cultivation and production will enhance the diversification of the state’s economy from crude oil and support ongoing efforts to engender forest regenera...

June 19, 2022 No Responses

NPA Tasks Procurement Dept On Processes, ISO Certification

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko has challenged the procurement department to be more proactive in terms of decisions on processes and procedures. Addressing participants at the NPA Procurement Strategic Retreat ...

June 18, 2022 No Responses

Opinion: Inflation Timebomb Threatens Nigeria’s Outlook

By Lukman Otunuga, Senior Research Analyst at FXTM — There was a period when Nigeria displayed resilience against the inflation menace. As other countries across the globe waged war on rising prices, Africa’s largest economy experienced periods of cool...

June 17, 2022 No Responses

Work Bank Seeks Accelerated Implementation Of NG-CARES By States

The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programmes. Prof. Foluso Okunmadewa, the World Bank, Lead Spec...

June 17, 2022 No Responses

Saro Oil Palm Embarks On Pre-Planting Activities In Edo

An integrated agricultural company, Saro Oil Palm Limited has embarked on pre-planting activities in preparation for the development of a 10,000-hectare oil palm plantation in Orhionmwon Local Government Area of Edo State. Managing Director of Saro Oil P...

June 16, 2022 No Responses

Shippers’ Council To Hold Maritime Seminar For Judges In July

By Moses Ebosele, ebosele@hotmai.com — The management of Nigerian Shippers’ Council (NSC) in collaboration with the National Judicial Institute (NJI) is to hold a three-day seminar for judges from July 5 to July 7, 2022, at Sheraton Ho...

June 14, 2022 No Responses

FirstBank Gets $150m From Afreximbank To Support Businesses

African Export-Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, in a stateme...

June 14, 2022 No Responses

Osinbajo Urges Caution On Economic Sovereignty

Africa’s developmental aspirations can be actualised by deepening cooperation and collaboration with the rest of the world, Vice President Yemi Osinbajo has said. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday explained that the vice pr...

June 12, 2022 No Responses

NDIC Reiterates Commitment To Financial Stability

Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation would continue to monitor the banking sector to address challenges it might be facing. Hassan said this at a retreat for members of the Senate...