Economy Archives — Page 166 of 259

May 31, 2022 No Responses

Nigeria Targets $176b Via e-Customs Project

The Nigeria Customs Service (NCS) is to generate $176 billion over the next 20 years through the implementation of e-customs project. The NCS Comptroller-General, retired Col. Hameed Ali, disclosed this on Monday in Abuja during the signing of e-Customs concession...

May 28, 2022 No Responses

World Bank Implores Africa On Green, Sustainable Bonds

The World Bank has said that Green, Social and Sustainable (GSS) bonds could contribute to Africa’s sustainable economy. Mr Jorge Calderon, the Vice President and Treasurer, World Bank Treasury said this at a virtual workshop on GSS Bond Market Develop...

May 28, 2022 No Responses

Unity Bank To Empower More Underbanked Women Entrepreneurs With Yanga Product

Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade has explained that launching the Bank’s latest retail product called Yanga is to create a unique product proposition aimed at empowering the underbanked women entrepre...

May 27, 2022 No Responses

Customs Issues 14-Day Ultimatum To Companies To Pay Excise Duty

The Nigeria Customs Service (NCS) Lagos Industrial Command on Thursday gave companies not yet registered for payment of excise duty under its command 14-days to comply or face sanctions. Speaking at the Lagos Industrial Command stakeholders’ meeting in Lagos...

May 25, 2022 No Responses

CBN Disburses N1tri To Farmers

The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth. Governor of the CBN, Mr Godwin Emefiele, said this on Tuesday in Abuja while presenting a communique issued at the end of...

May 25, 2022 No Responses

NGX Loses N519billion

The negative sentiment continued on the Nigerian Exchange Ltd., (NGX) on Tuesday with the market capitalisation declining further by N519 billion to close at N28.006 trillion against N28.525 trillion on Monday. In the same vein, the All-Share Index lost ...

May 24, 2022 No Responses

Six Ships Waiting To Berth, 16 Others To Arrive Lagos Ports Before June 5

The Nigerian Ports Authority (NPA) on Monday said six ships that have arrived at Laos ports are waiting to berth with petrol, bulk sugar and soya bean meal. NPA, in its Daily Shipping Position, said that another 25 ships at...

May 23, 2022 No Responses

NDDC Revokes 20-Year-Old Unexecuted Contracts

The Niger Delta Development Commission (NDDC) has revoked contracts awarded between 2000 and 2019 where the contractors did not move to site. “Consequently, all affected contractors are advised to note that all monies earlier received by way of mobilis...

May 22, 2022 No Responses

Zamfara Budgets N17.1b For COVID-19 Recovery Programme

Zamfara State Government has budgeted N17.1billion for COVID-19 action recovery and economic stimulus programme tagged, “Matawalle Vision 2023’’. Performing the formal inauguration of the project, Gov. Bello Matawalle said it was designed to address the ...

May 21, 2022 No Responses

FG Tasks NAICOM On Prompt Claims Payment

The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly. Dr Zainab Ahmed, the Minister of Finance, Bud...

May 21, 2022 No Responses

Buhari Appoints Adeniran New Statistician-General

President Muhammadu Buhari, has approved the appointment of Mr Semiu Adeniran as the substantive Statistician-General of the Federation and Chief Executive Officer of the National Bureau of Statistics (NBS), with immediate effect. This is contained in a ...

May 21, 2022 No Responses

Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable

Fidelity Bank Plc has announced plans to host an exports roundtable and policy sensitisation workshop for businesses in Benin-City, Edo State capital in partnership with the Edo State Investment Promotion Office (ESIPO) and GIZ on Tuesday, 24 May 2022. &n...

May 20, 2022 No Responses

APPEALS Project Supports 1,142 Food Marketers With Haulage Facilities

As part of measures to ease the transportation of farm produce across the three senatorial districts of Kogi State, the State Coordination Office of the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS), has fa...

May 20, 2022 No Responses

Obaseki: Benin River Port’ll Enhance Economic Diversification, Boost Agric Export, Others

The Edo State Governor, Mr. Godwin Obaseki, has said the development of the Benin River Port will guarantee the diversification of the nation’s economy from oil into the non-oil sector such as agriculture and agro-allied businesses, placing the country on...