Economy Archives — Page 174 of 259

January 15, 2022 No Responses

SON Tackles Cyber Crimes, Hackers With Standardisation

The Standards Organisation of Nigeria (SON) has expressed its commitment to standardise the nation’s Information Technology (IT) sector as part of measures to tackle huge financial losses to cyber-crimes and hackers,. According to reports, Nigeria loses over N200 billion on...

January 13, 2022 No Responses

FG Releases 49 New Crop Varieties To Farmers

As part of measures to boost food production in Nigeria, the Federal Government has released 49 new high yield crop varieties to farmers through the National Varieties Release Committee (NVRC). NVRC Chairman, Chief Oladosu Awoyemi, disclosed this on Wedn...

January 12, 2022 No Responses

LCCI Tasks FG On Inflation, Others

The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes. LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first qua...

January 11, 2022 No Responses

Nigeria, Greece Sign MoU On Economy, Security

The Federal Government has signed a Memorandum of Understanding (MoU) with the Hellenic Republic of Greece to strengthen bilateral ties, Nigeria’s economy diversification, and security, among others. Nigeria’s Minister of Foreign Affairs, Geoffrey On...

December 22, 2021 No Responses

Obaseki: Edo Has The Largest Oil Palm Plantation Under Cultivation In Nigeria

With the cultivation of 120,000 hectares, Edo State has the largest oil palm plantation under cultivation in Nigeria, Edo State Governor, Godwin Obaseki has said Obaseki said this during a visit by members of the Plantation Owners Forum of Nigeria...

December 12, 2021 No Responses

World Bank Applauds Kano State APPEALS Project

The World Bank on Saturday in Kano commended the successes recorded in its Agro-processing Productivity Enhancement and Livelihood Improvement Support Project. Dr Adetunji Oredipe, World Bank Task Team Leader gave the commendation while fi...

December 9, 2021 No Responses

Housing Deficit: SEC Pledges Collaboration With Stakeholders

The Securities and Exchange Commission (SEC) has pledged to collaborate with relevant stakeholders on real estate investments in as part of measures to curtail housing deficit in the country. Director-General of the SEC, Mr. Lamido Yuguda made...

December 7, 2021 No Responses

AMCON To Publish Debtors’ List In January

The Asset Management Corporation of Nigeria (AMCON) has concluded arrangements to publish the full list of the names of individuals, institutions as well as their Directors on its Non-Performing Loans (NPLs) portfolio in national newspapers. The Chairman...

December 7, 2021 No Responses

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...

November 29, 2021 No Responses

Obaseki Commissions 5,400mt Per Annum Cashew Factory

Edo State Governor, Mr. Godwin Obaseki has tasked youths to embrace opportunities in the agriculture value chain by deploying innovative ideas to initiate and develop agribusiness projects. Obaseki made the submission after commissioning a 5,400mt per an...

November 25, 2021 No Responses

Minister Urges Capital Market Investors To Take Advantage of Master Plan Initiatives

Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development. Minister of Finance, Budget and National Planning, Mrs Z...

November 23, 2021 No Responses

Nigeria Targets $1.2b Export Capacity For States

The National Action Committee, African Continental Free Trade Agreement (AfCFTA) has emphasised the need to cascade down its activities to the subnational level with state governments playing a major role. Secretary of the committee, Mr Francis Anatogu, ...

November 23, 2021 No Responses

FG Disburses N56b To MSMEs

The Federal Government has disbursed N56.84 billion to 835,161 beneficiaries under the MSME Survival Fund scheme. The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, disclosed this at the opening of the 13th Meeting of t...

November 19, 2021 No Responses

FG Approves N656b Budget Support Facility For States

President Muhammadu Buhari has approved N656 billion Bridge Financing Facility for the 36 States. Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on Thursday at a virtual NEC meeting presid...