Economy Archives — Page 175 of 249

July 21, 2020 No Responses

FIRS Clarifies Stamp Duty Rates

The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Director Communications and Liaison Department of the FIRS, in a statement on Tuesday said the clarification was...

July 21, 2020 No Responses

Naira Exchanges At N472 To Dollar At Parallel Market

The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos State, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro also exchanged for N575 and N530 respectively. The Naira, however,...

July 21, 2020 No Responses

NPA Seeks More Truck Parks Outside Seaport Environment

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has reiterated need for more truck terminals outside seaport environment. Speaking at the 14th Annual Business Law e-conference, Bala Usman also explained that NPA is n...

July 21, 2020 No Responses

Farmers Laud CBN’s Ban On Maize Importation

Farmers under the aegis of Maize Growers Processors and Marketers Association of Nigeria (MAGPAMAN) on Sunday applauded the Central Bank of Nigeria (CBN) for stopping maize importation to boost local production. Some of the farmers, who spoke with the News...

July 21, 2020 No Responses

Labour Commends FIRS Over Increase In Revenue Generation

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has commended the management team of the Federal Inland Revenue Service (FIRS) for considerably boosting Federal Government revenue via stamp duty collection just as it...

July 21, 2020 No Responses

SEC Nigeria Pledges To Attract More Investors

Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda at the weekend, pledged the determination of the current management of the Commission to make the capital market more accessible to Nigerians in a bid to attract more investors. &nbs...

July 19, 2020 No Responses

Industrialist Implores Youths On Palm Kernel Business

An Entrepreneur, Mr Charles Emmanuel, has urged Nigerian youths to tap into Palm Kernel Oil (PKO) business as part of measures to be self-reliant and contribute to the nation’s development. The entrepreneur made the call in an interview with the...

July 19, 2020 No Responses

Kogi To Establish Rice Mill

Governor Yahaya Bello of Kogi has promised to establish a rice mill in Ibaji Local Government Area of the state in honour late John Abbah, a legislator from the area. Bello made the promise in Ejule-Ojebe, the hometown of late...

July 17, 2020 No Responses

CBN Targets 12.5m Metric Tons Of Maize In 18 Months

The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of 12.5 million metric tons of maize in the country in the next 18 months. Mr Yusuf...

July 17, 2020 No Responses

FMDQ Securities Exchange turnover hits N16.47trn in June

FMDQ Securities Exchange recorded a turnover of N16.47 trillion in the Fixed Income and Currency (FIC) in the month of June. This is contained in a monthly FIC report obtained by the News Agency of Nigeria (NAN) from FMDQ on...

July 16, 2020 No Responses

Nigeria To Boost External Reserve With Gold Sales

The Minister of Mines and Steel Development, Olamilekan Adegbite, on Thursday said Nigeria has commenced gold purchase programme through the Central Bank of Nigeria (CBN). The minister stated this while addressing State House correspondents after the official ...

July 16, 2020 No Responses

NDDC Boss:N40b Not Missing, Not Misappropriated

The Acting Managing Director of the Niger Delta Development Commission (NDDC), Prof. Kemebradikumo Pondei, on Thursday insisted that N40 billion was not missing from the commission’s account neither has it been misappropriated. Pondei, while addressing jo...

July 16, 2020 No Responses

Jaiz Bank Sets Aside N884m For Maiden Dividend

Shareholders of Jaiz Bank Plc are to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank Alhaji Umaru Mutallab disclosed this at the 8th Annual General Meeting (AGM) of the bank held...

July 15, 2020 No Responses

Okonjo-Iweala To WTO: Elect DG On Basis Of Merit

Dr Ngozi Okonjo-Iweala on Wednesday in Geneva stressed the need for the World Trade Organisation (WTO) to elect a credible candidate, based on merit, for the position of Director General. Okonjo-Iweala, who is among the eight candidates vying for the...