Economy Archives — Page 190 of 222

September 18, 2017 No Responses

‘Nigeria needs $3t to fix infrastructure’

Nigeria needs $3 trillion to fix infrastructure deficit in the country over the next three decades, Africa Finance Corporation (AFC) has said. Speaking at the weekend in Lagos, AFC President/Chief Executive, Andrew Alli called on government to allow cost-reflective tariffs...

September 14, 2017 No Responses

NLNG, FG, JBN sign N120b Bonny-Bodo road project agreement

The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation on Wednesday as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government, represented by the Ministry of Power, Works and Housing, an...

September 14, 2017 No Responses

Nigeria defers 700,000bpd of crude oil due to pipeline vandalism

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as...

September 11, 2017 No Responses

FG: Farmers to get four million fertilizers before end of the year

The Presidential Fertilizer Initiative (PFI) will deliver 4 million bags of 50kg Nitrogen, Phosphorous and Potassium (NPK) fertilizer to farmers, at an affordable price, before the end of the year. Senior Special Assistant to the President (Media & Publi...

September 10, 2017 No Responses

Minister seeks more support for creative industry

The Minister of Information and Culture, Alhaji Lai Mohammed, at the weekend visited the African Arts and Craft Expo in Abuja, during which he inspected all the pavilions of the Exhibitors from across the country and many African nations. The Minister, who.....

September 8, 2017 No Responses

WFE elects eight Directors

At the 57th General Assembly in Bangkok on Thursday, the World Federation of Exchanges (WFE) elected eight Directors of the Board. The Directors of the Board are: 1. Chairman Wu Qing, Shanghai Stock Exchange – Chairman, WFE (1-year term) 2....

September 8, 2017 No Responses

Tolaram Group to invest $50m in Edo

The Governor of Edo State, Mr. Godwin Obaseki, has taken his job creation and investment drive to Singapore, where arrangements are being fine tuned to attract a $50million worth of investment to the state. The proposed investment is in...

September 7, 2017 No Responses

Q2: Stanbic IBTC attracts N413.62b capital into Nigeria

Stanbic IBTC, a member of Standard Bank Group, in the second quarter (Q2) of this year, facilitated a $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. According to the Nigerian...

September 7, 2017 No Responses

WFE unveils report on role of Stock Exchanges in fostering economic growth, sustainable development

The World Federation of Exchanges (WFE) on Wednesday published a report examining the role of stock exchanges in promoting economic growth and sustainable development, with the United Nations Conference on Trade and Development (UNCTAD). The report –...

September 6, 2017 No Responses

Obaseki in Indonesia, explains commercial oil palm production agenda

The Governor of Edo State, Mr. Godwin Obaseki, is currently in Indonesia to “deepen his administration’s partnership with the Asian country, in a bid to revamp the agricultural sector and reposition the state as the oil palm capital of Nigeria”....

August 31, 2017 No Responses

BUA unveils $1b cement factory in Edo, to commission $300m Sokoto plant in 2018

One of Nigeria’s largest conglomerate,BUA Group, has unveiled its 1billion dollars Obu Cement factory in Okpella, Edo state at a commissioning ceremony performed by Vice President Prof Yemi Osinbajo. During the ceremony, the Vice President also performed ...

August 30, 2017 No Responses

FG unveils N5b funding support for artisanal, small scale miners

The Ministry of Mines and steel Development has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BOI) for the management of a N5 billion fund in support of Artisanal and Small Scale Miners in the country. Under the...

August 28, 2017 No Responses

Edo rehabilitates fertilizer plant, to ‘disrupt’ importation

The Edo State Government and WACOT Limited will receive the Vice President, Professor Yemi Osibanjo, on Tuesday, August 29, 2017, to commission the Edo State Fertilizer and Chemical Company Limited (ESFCCL) located in Auchi, Edo State. The Edo Fertilizer...

August 25, 2017 No Responses

Ayo Teriba seeks support for privatization scheme

A leading economist and the Chief Executive Officer of Economic Associates, Dr. Ayo Teriba, has called for the opening of the Nigerian economy through privatisation which stimulates foreign direct investment(FDI.) “Privatisation is the tool which most co...