Economy – Page 195 – City Business News

February 24, 2023 No Responses

Naira Gains At Investors, Exporters Window By N461.33

The Naira on Thursday exchanged at N461.33 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.06 per cent compared with the N461.60 it exchanged on Wednesday. The open indicative rate closed at N461.30...

February 24, 2023 No Responses

Banking Stocks Lift Market Capitalisation By N180b

The equity market on the Nigerian Exchange Ltd. (NGX) gained further on Thursday as it recorded N180 billion gains, following investors interest in Tier-one banking stocks. The market capitalisation gained N180 billion or 0.61 per cent to close at N29.76...

February 22, 2023 No Responses

Winners Emerge In Ecobank Supper Reward Campaign

Ecobank Nigeria Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), has rewarded four customers, being winners in the Super Rewards deposit promo with N1 million each. The Super Rewards Campaign is a customer-focused initiative ...

February 21, 2023 No Responses

ITF Disburses N24bn As Allowances

The Director-General of the Industrial Training Fund (ITF), Mr Joseph Ari, has disclosed that more than N24 billion has been disbursed by the fund as students and supervisors’ training allowances from 2016 to date. Ari said this on Monday in...

February 20, 2023 No Responses

Okomu National Park: Logging Kingpin, Two Others Arrested

Logging Kingpin and two others have been arrested at Okomu National Park in Edo State. A statement issued on Sunday by the Public Relations Officer (PRO) of Nigeria National Park (NNP), Conservator of Park (CP), Emmanuel Ntuyang, said: “Following th...

February 19, 2023 No Responses

Edo Disburses N703m To 1,681 MSMEs

The Edo State Government has disbursed N703,678,950 to 1,681 Micro Small and Medium Enterprises (MSMEs) in the state under the Edo MSME Fund scheme. Project Manager, Edo State MSME Fund, Joseph Ojoboh, who disclosed this in...

February 18, 2023 No Responses

U.S.-Africa Trade Council Holds Global Summit In October

The U.S.-Africa Trade Council (USAfriTC), along with partner organizations across Africa, United Kingdom and United States, is to hold the next edition of the U.S.-Africa Trade and Investment Global Summit (USATIGS) on October 18-21, 2023, in Atlanta, Geo...

February 16, 2023 No Responses

Buhari’s Speech on Currency Swap

My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...

February 16, 2023 No Responses

FEC Approves $53.1m For Electricity Conductors

The Federal Executive Council (FEC) has approved $53.1 million and N2.1billion as local component for the procurement and installation of electricity conductors to boost power supply across the country. Minister of Power, Abubakar Aliyu, made this known...

February 15, 2023 No Responses

TAJBank Lists 1st Corporate Sukuk Bond On NGX

TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange (NGX). The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 billio...

February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation. Niger Delta Coordinator, Artisanal Fishermen Associa...

February 13, 2023 No Responses

Catholic Bishops Seek Cash Policy Review

President Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Ugorji, on Sunday urged the Federal Government to review the new cash policy to ease the hardships it has caused Nigerians. Ugorji made the appeal at the opening of the...

February 12, 2023 No Responses

CIECOBON At Shippers’ Council, Harps On Nigerian Exports

The Chartered Institute of Export and Commodity Brokers of Nigeria (CIECOBON) has urged the Federal Government through the Nigerian Shippers’ Council (NSC) to establish an export-specific port to further encourage exports. The President/Council Chairm...

February 12, 2023 No Responses

Firm Expands Oil Palm Plantation In Edo

Fayus Nigeria Limited has commenced the development of a 3000-hectare oil palm plantation in Ugbeturu Community, Owan West Local Government Area of Edo State, with a plan to create 5000 jobs in the community at full capacity. The project...