Economy Archives — Page 186 of 231

June 27, 2018 No Responses

Buhari Inaugurates Calabar Automated Rice Seed, Seedling Factory

President Muhammadu Buhari on Tuesday inaugurated the Calabar automated rice seed and seedling factory. The factory was one of the projects inaugurated by the president during his visit to Cross River. During the inauguration, Buhari said he was in Calabar...

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...

June 20, 2018 No Responses

FG Explains N1.580Trillion Capital Cost To MDAs

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to M...

June 20, 2018 No Responses

Naira Converges At N360 To Dollar

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria(NAN) reports. At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before...

June 14, 2018 No Responses

Naira Firms Up Against Dollar At Parallel Market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on...

May 23, 2018 No Responses

Minister: Nigeria Records $83b Investment Commitment In 15 Months

Nigeria recorded a total investment commitment of 83 billion dollars between January 2017 and March, Mr Okechukwu Enelamah, the Minister of Industry, Trade and Investment, said. Enelamah spoke in Abuja on Tuesday at the opening session of the Direct Investor...

May 23, 2018 No Responses

Monetary Policy Committee Meeting Communiqué

The Monetary Policy Committee (MPC) met on the 21st and 22nd of May, 2018 against the backdrop of optimistic global growth outlook and sustained recovery in the domestic economy. The Committee examined the performance, risks, vulnerabilities in the global and....

May 23, 2018 No Responses

Nigeria Invests $10b In Infrastructure In Three Years

The Vice-President, Prof. Yemi Osinbajo, says the Federal Government has invested close to 10 billion dollars in infrastructure development in the last three years. He said the investment which focused on roads, power and a new national rail network,...

May 21, 2018 No Responses

‘APM Terminals Contributes N186b Annually To Nigeria’s Economy’

An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610...

May 19, 2018 No Responses

Naira Depreciates Against Dollar At Parallel Market

The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound...

May 18, 2018 No Responses

Green Economy To Generate 24 million Jobs By 2020

Twenty-four million new jobs will be created globally by 2030 if the right policies to promote a greener economy are put in place, a new ILO report says. According to World Employment and Social Outlook 2018: Greening with Jobs , action...

May 18, 2018 No Responses

UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions

United Bank for Africa (UBA) has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable of galvanising the economic...

May 18, 2018 No Responses

We Remain Committed To The Stability Of West Africa’

President Muhammadu Buhari Thursday in Abuja said his administration will continue to work with ECOWAS countries to ensure stability in the sub-region as cross-border crimes pose more challenges to people and governments. “ECOWAS is doing its best, and as yo...

May 16, 2018 No Responses

SEC Re-Iterates Commitment To Master Plan Implementation

Acting Director General of Securities and Exchange Commission (SEC) Ms. Mary Uduk has reiterated the determination of the current management of the Commission to improve investors’ confidence through various initiatives currently being implemented as part of...