Economy – Page 204 – City Business News

January 16, 2023 No Responses

Onne Customs Generates N242b In 2022

The Nigeria Customs Service (NCS), Onne Area ll Command, generated N242 billion in 2022. In a statement on Sunday, the Customs Area Controller, Auwal Mohammed, explained that the command’s revenue collection had been on the increase since his assumption of...

January 14, 2023 No Responses

FG Earns $4.820b From Non-Oil Export In 2022

Nigeria recorded a non-oil export earnings of $4.820 in 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Friday in Abuja. Presenting the 2022 non-oil export report, the Executive Director/CEO of NEPC, Dr Ezra Yakusak explained that this r...

January 13, 2023 No Responses

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023. A statement sent to City Business News explained that the meeting, now in its 62...

January 13, 2023 No Responses

SIFAX ICT Records 8,736 Hours Zero Lost Time Injury

SIFAX Inland Container Terminal, a subsidiary of SIFAX Group attained 8,736 hours of zero lost time to injury (LTI) during operations at the terminal in 2022. This was disclosed by Mr. Paul Linden, Managing Director, SIFAX Inland Container Terminal,...

January 13, 2023 No Responses

SAHCO Seeks Duty Waiver For Ground Handling Operators

The Managing Director, Skyway Aviation Handling Company (SAHCO) Plc, Mr Basil Agboarumi, has called on the Federal Government to grant duty waiver on operational equipment for ground handling companies operating in the nation’s airports. Agboaru...

January 11, 2023 No Responses

CBN Sensitises Marketers, Guarantees Availability Of New Notes

The Central Bank of Nigeria (CBN) has assured marketers and traders that it has made the redesigned naira notes (1000, 500, 200) available for them via Automated Teller Machines (ATMs). The Branch Controller, CBN, Lagos State, Mr Koyor Baribokola, gave...

January 9, 2023 No Responses

Parents Lament Increase In School Fees

As schools in Ibadan, Oyo State resume for the second term, some parents have lamented increase in the school fees of their wards by some private schools. The News Agency of Nigeria (NAN) reports that the respondents, in separate interviews...

January 7, 2023 No Responses

Oil Palm: Fayus Begins Harvest In Edo

Fayus Incoporated, a major investor under the Edo State Oil Palm Programme (ESOPP) has commenced harvest on one of its plantations measuring 1200 hectares in Ewan-ISI in Uhunwonde Local Government Area of Edo State. The ESOPP is an initiative of...

January 6, 2023 No Responses

Kaduna Generates N44b Revenue In Ten Months

Between January and October 2022, Kaduna State Government generated N44 billion Internally Generated Revenue (IGR), the State Bureau of Statistics (KDBS) has disclosed. The performance was based on the Monthly IGR Performance Report, published on KDBS we...

January 6, 2023 No Responses

DMO: Alarm Over National Debt Unnecessary

The alarm created around the country’s projected public debt by a segment of the media was unnecessary, the Debt Management Office (DMO), said on Thursday. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by...

January 3, 2023 No Responses

DMO Announces 2023 First Offer

The Debt Management Office (DMO) on Monday announced the issuance of its first bonds for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for a subscription. According to a statement by the DMO, one is a two-year FGN Savings...

December 30, 2022 No Responses

FG Reappoints Adeyeye As NAFDAC DG

President Muhammadu Buhari has renewed the appointment of Professor Mojisola Adeyeye as the Director-General of National Agency for Food and Drug Administration and Control (NAFDAC) with effect from December 1, 2022 for the second and final tenure of five year...

December 30, 2022 No Responses

Ajaokuta Steel To Generate $1.6b, 500,000 Jobs

Ajaokuta Steel Complex will generate $1.6b annually and provide 500,000 jobs for Nigerian youths, President Muhammadu Buhari has said. Malam Garba Shehu, the Presidential spokesperson in a statement, explained aid that Buhari said this at the Palace of t...

December 29, 2022 No Responses

NGX Extends Bullish Run, Indices Up 0.46%

The Nigerian Exchange (NGX) on Wednesday extended its bullish trend with market capitalisation rising by N125 billion or 0.46 per cent to close at N27.198 trillion from N27.073 on Friday. Also, the All-Share Index (ASI) gained 228.51 points or 0.46...