Economy Archives — Page 175 of 231

December 7, 2019 No Responses

Lagos Shuts Nine Firms Over Tax Evasion

The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government.The Director, Legal Services of the LIRS, Mr Seyi Alade,...

December 7, 2019 No Responses

Customs Boss Seeks Separate Budget For Staff College

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) has appealed for a separate budget for Nigeria Customs Command and Staff College, Gwagwalada for the institution to realise its set out goals.Ali made the appeal at the Gradu...

December 5, 2019 No Responses

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri

The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.The passage followed the consideration and adoption of the report of Senate Committee on Appropriation.T...

December 5, 2019 No Responses

Neimeth, Cornerstone, Emerge Best Performing Stocks In November

Neimeth, Cornerstone Insurance and Chams have emerged as the best performing equities on the Nigerian Stock Exchange (NSE) in the month of November.Data obtained by the News Agency of Nigeria (NAN) indicates that Neimeth led eight others to emerge as...

November 23, 2019 No Responses

DMO Puts Nigeria’s Debt Profile At N25.7 Tri

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As ...

November 12, 2019 No Responses

Nigeria To Mainstream Maritime Sector For Economic Development

The Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed that the Federal Government of Nigeria is poised to ensure the maritime sector gets into the mainstream of economic strategy to lift economic growth and prosperity.The Minister who affirme...

November 8, 2019 No Responses

Border closure: Group Cautions Against Selective Approach

The President of the Concerned Youth Empowerment Association, Mr Noble Adaelu has cautioned against selective approach in the effort to rid Nigeria’s borders of unscrupulous activities such as smuggling. Adaelu was reacting to reports that Ghana brought in d...

November 7, 2019 No Responses

Critical Role Of Domestic Savings, Foreign Capital To Nigeria’s Development, By Osinbajo

The Federal Government has stressed the need for mobilisation of domestic savings and foreign capital to finance the country’s needs in infrastructure, agriculture, housing SMEs and other services.Vice President, Prof. Yemi Osinbajo, stated this in a key...

November 5, 2019 No Responses

How Co-operatives Aid Development in African Economies

–Total E&P Co-op as case study — The rapid advancement of mechanization from the mid-1700s to the early 1800s which is now considered as the Industrial Revolution, resulted in job losses for many skilled workers across Europe. The knock-on effe...

November 4, 2019 No Responses

Lagos To Relocate Trade Fair To Permanent Site

The Lagos State Government is to relocate the Lagos International Trade Fair from Tafawa Balewa Square (TBS) to a permanent site.Speaking on Monday after visiting some pavilions at the ongoing 2019 Lagos International Trade Fair, taking place at the Tafawa...

November 1, 2019 No Responses

Emefiele: CBN’s Unconventional Policy To Grow Economy Paying Off

Ensuring price stability and growing the nation’s economy through unconventional policy is paying off,Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has saidEmefiele stated this at the first Convocation Lecture of Edo University, Iyamho, Auchi on Fr...

November 1, 2019 No Responses

Reflections On WFE’s 59 General Assembly, Annual Meeting In Singapore

By Oscar Onyema, CEO, NSE I am honoured to recap the 59th WFE General Assembly & Annual Meeting (GA&AM) held in Singapore, 8-10 October 2019. It always gives me great pleasure to attend the WFE’s flagship conference, which is our...

November 1, 2019 No Responses

SIFAX Boss Tasks African Businesses On Emerging Opportunities In Global Market

Group Managing Director, SIFAX Group, Mr. Adekunle Oyinloye, has urged businesses on the African continent to dream big by taking advantage of emerging opportunities on the global stage.He said doing this would transform them to global business brands with att...

October 31, 2019 No Responses

Zenith Bank Tops Activity Chart As Investors Stake N1.7b On Shares

Zenith Bank Plc on Thursday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with a total of 103.69 million shares worth N1.77 billion.At the end of the day, transactions on the floor closed positive with 18 gainers...