Economy Archives — Page 201 of 231

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 increase...

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...

July 17, 2017 No Responses

NNPC attains five million litres of kerosene output daily

The three refineries of Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri and Kaduna now produce five million litres of Dual Purpose Kerosene (DPK), also identified as kerosene daily. According to NNPC, this represents more than 60 perce...

July 17, 2017 No Responses

UBA Board to consider accounts, interim dividend on Thursday

The Board of Directors of United Bank for Africa (UBA) Plc would on Thursday, this week, meet to deliberate on the company’s accounts and financial statements for the half year ended June 30, 2017. A statement issued by the Secretary...

July 14, 2017 No Responses

‘Financing conference will take creative industry to golden era’

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Creative Industry Financing Conference, scheduled to hold 17-18 July 2017, will take the industry into a golden era of smooth access to short and long term financing, world class man...

July 14, 2017 No Responses

Critical role of quality service delivery in public sector, by Danbatta

The quality of service delivery in the Public sector plays an increasingly important role in the economy of many countries. In today’s global competitive environment, delivering quality service in all sectors is considered as an essential strategy for succ...

July 12, 2017 No Responses

IMO Okays life safety performance criteria guidelines

The International Maritime Organization’s (IMO) Maritime Safety Committee has approved the Guidelines for the Selection of Life Safety Performance Criteria for use in Alternative Design and Arrangements for Fire Safety (SOLAS Regulation II-2/17). As explaine...

July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared. In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...