Economy Archives — Page 176 of 231

October 30, 2019 No Responses

CGC At Onne Port, Explains Seizure Of 87 Containers, N89.7b Revenue Collection

By citybusinessnews@yahoo.com The Comptroller-General of Nigeria Customs Service (CGC), Col Hameed Ibrahim Alli (rtd) on Wednesday visited Area 11 Command, Onne Port to get firsthand account of the clampdown on unauthorized import through the axis.Briefing Journalists, the Customs Boss explained...

October 30, 2019 No Responses

Emefiele:N100b Needed To Revive Cotton, Textile, Garment Sub-sector

More than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector,the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said. Speaking after Memorandum of Understanding (MoU) signing ceremony with some critical s...

October 27, 2019 No Responses

Anyaoku, Others Canvass Support For Border Closure

Eminent Nigerians on Saturday canvassed support for President Muhammadu Buhari-led administration on the closure of Nigeria’s border. They made the call at the 2019 Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) on Saturday in Lago...

October 26, 2019 No Responses

Another 12,000 Farmers To Benefit From CBN’s Anchor Borrowers Scheme

The Rice Farmers Association of Nigeria (RIFAN), Niger chapter, on Saturday said that the Central Bank of Nigeria (CBN) has approved the participation of 12, 000 members in the 2019 Anchor Borrowers Programme (ABP).Alhaji Idris Abini, chairman RIFAN in the...

October 24, 2019 No Responses

Nigeria To IOCs: Foster Peace In Host Communities

The Federal Government on Thursday admonished International Oil Companies (IOCs) to use culture to foster peace in their host communities.The Minister of Information and Culture, Alhaji Lai Mohammed gave the charge in Port-Harcourt at the maiden Nigerian Agip ...

October 23, 2019 No Responses

Investors Stake N6.18b On Zenith Bank’s 357.23m Shares

Investors on the floor of Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals.The volume of shares traded represented an increase of 182.29 per cent compared with 245.85 million shares valued at N1.36...

October 22, 2019 No Responses

Customs Arrest 15 Suspects For Re-Bagging Foreign Rice

The Adamawa/Taraba Command of Nigeria Customs Service (NCS) has arrested 15 suspects for re-bagging foreign rice to sell as local rice. Briefing Journalists on Tuesday, the Controller in charge of Adamawa/Taraba Command, Mr Kamardeen Olumoh, explained that the...

October 17, 2019 No Responses

Buhari Orders Probe Of NDDC

President Muhammadu Buhari has ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019.The president gave the directive when he received governors of the states in the Niger Delta area, led by...

October 16, 2019 No Responses

CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.The bank said this in the Currency Operations 2018 Annual Report, posted...

October 16, 2019 No Responses

Global Borrowing Now At Highest Level Since 1950s

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the high...

October 15, 2019 No Responses

Lagos Pledges To Pay Above N30,000 Minimum Wage

Lagos State will pay its workers above the N30,000 new national Minimum Wage, State Governor, Babajide Sanwo-Olu has said.Sanwo-Olu made the promise on Tuesday when the state leadership of the Trade Union Congress (TUC), the Nigeria Labour Co...

October 15, 2019 No Responses

Access Bank Hits N1b Digital Daily Lending

Access Bank’s expanded Digital Lending Portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu,...

October 14, 2019 No Responses

DMO Lists ₦15b FGN Green Bond On NSE

The Nigerian Stock Exchange (NSE) on Monday announced the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list. Promoted by the Debt Management Office (DMO), the 7-year Green bond issued at coupon rate...

October 14, 2019 No Responses

Nigeria Insists On Border Closure

The Nigerian Government will not reverse closure of borders until neighbouring countries have shown enough commitment to check smuggling of banned commodities into Nigeria.The Permanent Secretary (PS) of the Federal Ministry of Agriculture, Dr Mohammed Umar,...