Economy – Page 198 – City Business News

January 24, 2023 No Responses

Edo, Port of Antwerp, Seal Benin River Port Partnership

The Edo State Government has concluded plans with the Port of Antwerp from Belgium as part of measures to finalize the Benin River Ports project. This was gathered from a meeting of the Benin River Port (BRP) Project Committee with...

January 24, 2023 No Responses

Emefiele: Stamp Duty Revenue Is N370b Not N89trillion

The total revenue collected as stamp duty in six years between 2016 and 2022 is N370,686 billion, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed on Tuesday. A House of Representatives member, Alhaji Muhammed Kazaure, ...

January 24, 2023 No Responses

Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers have assured the investing public that the economy has strong potential to bounce back this year. They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook ...

January 24, 2023 No Responses

Photo News

January 24, 2023 No Responses

NAFDAC Shuts Vegetable Oil Outlet

The National Agency for Food and Drug Administration and Control (NAFDAC) has closed a vegetable oil-packaging outlet in Gidan Ruwa, Airport Road, Nassarawa Local Government of Kano State. The coordinator of the agency in Kano State, Alhaji Kasim Ibrahim...

January 21, 2023 No Responses

Stock Market Closes Week On Negative Note

The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent. Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion as...

January 20, 2023 No Responses

CBN To Sanction Banks Dispensing Old Notes Through ATMs

The Central Bank of Nigeria (CBN), on Thursday threatened to sanction banks in Cross River dispensing old naira notes through their Automated Teller Machines, (ATMs). The warning came from Ms Glory Iniunam, Branch Controller of CBN in Cross River, during...

January 19, 2023 No Responses

CBN To Banks: Collect Redesigned Notes Or Face Sanction

The Central Bank Governor, Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes. Emefiele made the call when the apex bank took its sensitisation tour on...

January 19, 2023 No Responses

Catholic Bishops Urge Nigerians To Elect Patriotic, Servant Leaders

For the desired change in the country, Nigerians must vote for leaders who will be true patriots and servants of the people, the Catholic Bishops of Ibadan Ecclesiastical Province have said. The Bishops also advised the electorate to ensure that...

January 18, 2023 No Responses

FG, States, Local Councils Share N990.189b For Dec 2022

The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for the month of December 2022. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of...

January 18, 2023 No Responses

Kia Carens Wins Indian Car Of The Year Award

The Kia Carens has been crowned as the Indian Car of the Year (ICOTY) 2023 and the Kia EV6 won the Green Car Award 2023 by ICOTY. A statement sent to City Business News explained that with this, Kia...

January 18, 2023 No Responses

State Governors Invite Emiefele For Meeting Over New Naira Notes

The 36 state governors have invited the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emiefele, for a virtual meeting on Thursday over issues related to the new naira notes introduced by the apex bank. The Head, Media...

January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited, Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...

January 17, 2023 No Responses

Jime Calls For Dismantling Of Tariff, Non-Tariff Barriers To Intra African Trade

The Executive Secretary, Nigerian Shippers’ Council (NSC), Emmanuel Jime has urged African countries in West, Central Africa sub-region to fast-track the dismantling of various tariff and non-tariff barriers hindering intra-Africa trade. Jime, in his welcome...