Economy Archives — Page 178 of 231

October 4, 2019 No Responses

Nigeria, Qatar, Russia Fault Unilateral Economic Sanctions

The 21st Ministerial Meeting of Gas Exporting Countries commenced on Thursday in Moscow, Russia under the Chairmanship of Manuel Salvador Quevedo Fernandez, Power Minister of Petroleum of the Bolivarian Republic of Venezuela. The Meeting was attended by official delegations from...

October 1, 2019 No Responses

NSE Celebrates Akintola Williams At 100

The Nigerian Stock Exchange (NSE) on Monday organized a symbolic Closing Gong ceremony in celebration of the centenary birthday of one of its leaders, Pa. Akintola Williams.Pa. Akintola Williams, is the only surviving signatory to the original Memorandum and A...

October 1, 2019 No Responses

NSE Records Eight Per Cent Drop In Revenue

Citing uncertainties, the Nigerian Stock Exchange (NSE) on Monday reported eight per cent decline in revenue for the financial year ended December 31, 2018.The Chief Executive Officer of the NSE, Mr Oscar Onyema, made the disclosure on Monday at the...

October 1, 2019 No Responses

Air Peace Secures Approval For Daily Flights To South Africa

The South African government has granted Air Peace the permit to commence commercial flights to Johannesburg, the Nigerian Ministry of Foreign Affairs has said.A spokesperson for the ministry, Ferdinand Nwonye, said the proprietor of the airline, Allen Onyema,...

October 1, 2019 No Responses

Heritage Bank MD: Credible ID Management Will Foster Access To Credit

Managing Director /CEO, Heritage Bank, Mr Ifie Sekibo , has stressed the need for the federal government to work towards creating a credible and strong identity management towards expanding access to credit in the country.Sekibo noting that while the Bank...

October 1, 2019 No Responses

Exploring Collaboration Between NSE, Tuface Idibia

By Olumide Orojimi, To advance its position as the sustainable securities exchange championing Africa’s growth, The Nigerian Stock Exchange (NSE) has signed one of Africa’s biggest musicians, Innocent Tuface Idibia (Tuface) as its first Good Cause Ambassad...

September 30, 2019 No Responses

SEC Nigeria Inaugurates Private Equity Committee

Private sector activities have been described as key drivers for economic growth and development as they create jobs and pay the taxes that finance services and investments.This was stated by Acting Director General of the Securities and Exchange Commission, S...

September 30, 2019 No Responses

Ten Varsity Students Win NIMASA Educational Grants

The Minister of Transportation, Rt. Hon. Rotimi Amaechi, has said that the new maritime security infrastructure being built by the Federal Government, the Deep Sea Project, would be a major economic trigger for the country. Amaechi stated this in Lagos,...

September 28, 2019 No Responses

Lawan Seeks Legislation For Budget Cycle

President of the Senate, Ahmad Lawan, has underscored the need to have a budget reform that will include a law on timeliness in budget passing.“We can reform our budget cycle if there is a law on timeliness for budget passing,”...

September 28, 2019 No Responses

Nigeria Highlights Climate Change Challenges

President Muhammadu Buhari Friday in New York gave some insights into the severe climate challenges confronting the country.At a meeting with the Nigerian Youths Climate Group shortly before his departure for Abuja at the conclusion of his engagements on the.....

September 28, 2019 No Responses

WFE, Sustainable Stock Exchanges Seal Partnership

The World Federation of Exchanges (WFE) and the United Nations Sustainable Stock Exchanges (SSE) initiative have formalised their deepening partnership, with the two organisations agreeing to work together on building capacity and technical assistance to stake...

September 27, 2019 No Responses

Buhari: Nigeria Lost $157.5b To Illicit Financial Flows Between 2003-2012

President Muhammadu Buhari has disclosed that Nigeria lost an estimated US$157.5 billion to illicit financial flows between 2003 and 2012.Quoting from the 2014 Global Financial Integrity Report in his address to the High-Level National Side-Event organised by ...

September 27, 2019 No Responses

2020: Obiano Presents N137.1b Budget Proposal

Governor Willie Obiano of Anambra State on Thursday presented a budget proposal of N137.1 billion for 2020 to the State House of Assembly for approval.Mr Obiano, who tagged the budget “Accelerating Infrastructural Development and Youth Entrepreneurship’’...

September 27, 2019 No Responses

Customs Boss Explains Nigeria’s Partial Border Closure

The Comptroller-General of Nigeria Customs Service (NCS), Hameed Ali, has explained that the closure of Nigeria’s borders was undertaken to strengthen the nation’s security and protect its economic interests.Speaking during a meeting with border stakeholde...