Economy Archives — Page 192 of 222

July 30, 2017 No Responses

Nigeria reiterates right business environment for investors

Industrialisation and diversification of the economy remain the focus of President Muhammadu Buhari’s administration, the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelama has said. Speaking during his visit to Abia State, the Minister said: “I want to appreciate...

July 28, 2017 No Responses

Osinbajo: FG is unequivocally committed to success of private sector

First, let me say how pleased I am to be here today. There are two events taking place here today: the first is the formal release ceremony to discharge Indorama Eleme Petrochemicals Limited, (IEPL), from the mandatory Monitoring Programme of...

July 27, 2017 No Responses

Osinbajo inaugurates $1.5B Indorama fertilizer plant

Acting President, Yemi Osinbajo, will inaugurate a new world-class fertilizer plant built by Indorama Eleme Fertilizer and Chemicals Limited on Thursday in Port Harcourt, Rivers State. The plant with production capacity for 1.5 million Metric Tons of Urea ...

July 27, 2017 No Responses

EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others

The Economic and Financial Crimes Commission (EFCC) has recovered a total sum of N328, 988,296,990.62 from NNPC retails, Oando Plc, Mobil Plc, Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, MRS Oil Plc and NIPCO Oil...

July 26, 2017 No Responses

Guinness Nigeria Photo News

L–R:Ron Plumridge, Finance Director, Guinness Nigeria Plc; Viola Graham-Douglas, Corporate Relations Director, Guinness Nigeria Plc; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Peter Ndegwa, Managing D...

July 23, 2017 No Responses

Nigeria to inaugurate $700,000 capacity development facility for youth agripreneurs

Nigeria will on Monday 24 July, 2017 inaugurate $700,000 youth training facility comprising two major training rooms that can sit conveniently 50 trainees each. Funded by the Federal Ministry of Agriculture and Rural Development and IITA, the facility s...

July 20, 2017 No Responses

UBA increases international spend limit on naira cards to $2000.

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increas...

July 20, 2017 No Responses

‘Any programme to be consumed by Nigerians must be produced in Nigeria’

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the government’s decision that any programme meant for Nigerians must be produced in Nigeria, saying he was not appointed Minister to develop the economy of other countries a...

July 19, 2017 No Responses

FG releases N243.8B second tranche of Paris Club refund to States, FCT

The second tranche of Paris Club refunds has been released by the Federal Government to the 36 states and the Federal Capital Territory (FCT). A statement issued by the Director of Information, Ministry of Finance, Mr. Salisu Danbatta, explained...

July 19, 2017 No Responses

UBA lifts NSE’s activity chart

The United Bank for Africa (UBA) on Tuesday sustained its growth profile on the floor of Nigerian Stock Exchange (NSE) with a turnover of 2.09 billion shares valued at N19.76Billion. At the end of trading activities on Tuesday, a total...

July 19, 2017 No Responses

WFE consolidates report on SME Exchanges

The World Federation of Exchanges (WFE) on Tuesday jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges. According to WFE, the report consolidates results from initial independent research from ...

July 18, 2017 No Responses

NSE deploys Nasdaq smart surveillance technology

Nasdaq in collaboration with the Nigerian Stock Exchange (NSE) on Monday unveiled new market surveillance platform powered by SMARTS. SMARTS technology is Nasdaq’s flagship surveillance solution. The technology will, amongst other thi...

July 18, 2017 No Responses

WFE explains position on ledger technologies

The World Federation of Exchanges (WFE) on Monday responded to the United Kingdom (UK) Financial Conduct Authority’s (FCA)discussion paper on Distributed Ledger Technology (DLT). According to the summarized response, the WFE is encouraged by regulator...

July 18, 2017 No Responses

FG announces $1m venture capital for creative industry

The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of one million-dollar Venture Capital to boost the Creative Industry. The Minister made the announcement at the opening of a two-day Creative Industry Financi...