Tag: Economy
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Buhari Harps On International Trade, Benefits Of AfCFTA
President Muhammadu Buhari has challenged African countries to expand and diversify their participation in international trade as part of measures to explore the benefits of the African Continental Free Trade Agreement (AfCFTA). Buhari stated this ...
Emefiele Resumes, Set For First 2023 MPC
The Governor of the Central Bank of Nigeria (CBN), resumed duty at the apex bank’s headquarters in Abuja on Monday after spending his annual leave abroad. The News Agency of Nigeria (NAN) reports that Emefiele had been out of the...
Investors Lose N90b In Bearish Trading
Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note on Monday as market capitalisation was down by N90 billion or 0.31 per cent to close at N28.512 trillion from N28.602 trillion at the...