Economy Archives — Page 199 of 231

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...

August 24, 2017 No Responses

Worldstage CEO implores Nigerians on innovation for collective economic development

The President/CEO of Worldstage Group, Mr. Segun Adeleye, convener of the Worldstageeconomicusummit2017 has charged all Nigerians and business owners within the country to imbibe innovation for economic development. According to him, diversification into no...

August 18, 2017 No Responses

FG begins audit of banks’ remittances to CBN

The Federal Government has commenced audit of remittances of its funds into the Treasury Single Account (TSA) by Deposit Money Banks. Speaking in Abuja at a two-day workshop for finance journalists on the TSA and other public financial management...

August 17, 2017 No Responses

NNPC explains $3b yearly drop in production cost

The Nigerian National Petroleum Corporation (NNPC) has saved the nation a minimum of $3billion yearly from the reduction in the cost of crude oil production. NNPC in a statement explained that the development has driven down the cost of...

August 16, 2017 No Responses

Ambode implores NYSC members on community development

Lagos State Governor, Akinwunmi Ambode has advised members of the National Youth Service Corps (NYSC) to embark on development projects as part of measures to impact positively their host communities. Speaking at the NYSC Orientation Camp during the formal....

August 15, 2017 No Responses

Heritage Bank, RIMAN, FDC enjoin firms to embrace modern risk management practices

Heritage Bank Plc, Risk Managers Association of Nigeria (RIMAN) and Financial Derivatives Company Limited have called on corporate organizations to adopt systemic and cultural changes to embed risk management into their organisations as part of measures to ma...

August 14, 2017 No Responses

School feeding programme in Anambra, Enugu, Ogun, Kaduna, others gulp N6.2billion

Not less than 14 states now benefit from the school feeding programme set up by the President Muhammadu Buhari administration. A statement issued by the spokesperson to Acting President, Yemi Osinbajo, Laolu Akande, explained that the Presidency is no...