Economy – Page 201 – City Business News

February 11, 2023 No Responses

FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR

Fidelity Bank Plc has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria. Pamela joins the Board of Fidelity Bank Plc with over 25 years multifunctional and cross-border...

February 10, 2023 No Responses

Unitrust Insurance Gets New MD

Unitrust Insurance Company has appointed Mr Adedayo Arowojolu as Managing Director/Chief Executive Officer (CEO) and Mr Olatunji Anibaba as Executive Director (Technical). In a statement on Thursday, Head, Brand and Customer Service of the company, Ms Sw...

February 10, 2023 No Responses

CBN Attributes Scarcity Of New Naira Notes To Hoarding

Hoarding of the new Naira notes is responsible for its scarcity, the Central Bank of Nigeria (CBN) has said. The CBN Director, Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa L...

February 9, 2023 No Responses

FEC Approves N117b For Oil Museum

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa. The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents on the outco...

February 8, 2023 No Responses

Naira Re-design Won’t Affect 2023 General Election, Says CBN

The Central Bank of Nigeria (CBN) says naira re-design won’t affect the 2023 general election, as it will provide required cash and other support needed for smooth conduct of the poll. Godwin Emefiele, the CBN Governor, said this when he...

February 8, 2023 No Responses

CBN Disburses N1b To Banks In Edo

The Central Bank of Nigeria, CBN, on Tuesday, disclosed that over a billion naira has been disbursed to Edo State in a span of three days to cushion the hardship faced by customers in accessing redesigned naira notes. Director, Risk...

February 8, 2023 No Responses

Korean Envoy Harps On African Continent’s Blue Economy Potentials

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong has described Nigeria as the gateway to unlocking the potential of the African Continent’s Blue Economy. Choi Yeong, who made the assertion during a courtesy cal...

February 7, 2023 No Responses

LIRS, FIRS Seal Tax Audit Pact

The Lagos State Internal Revenue Service (LIRS) and Federal Inland Revenue Service (FIRS) on Monday, February 6, 2023, signed a Memorandum of Understanding on the exchange of information and implementation of joint tax audit and investigation exercise. ...

February 7, 2023 No Responses

DMO Presents N130b Sukuk Cheque To FMWH, FCTA

The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries. The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capit...