Economy Archives — Page 206 of 222

December 31, 2016 No Responses

Lagos issues N47billion bond

Lagos State has issued N47 billion Series 1 Bond maturing in December, 2023 under its N500 billion Third Debt Issuance Programme. Speaking during the signing ceremony held at the Lagos House, Ikeja,on Friday, the State Governor, Akinwunmi Ambode explained that...

December 30, 2016 No Responses

‘No plastic rice in Nigeria’

The National Agency for Food and Drug Administration and Control (NAFDAC) has explained that laboratory result of the suspected fake rice showed that the product was not plastic but rice contaminated with micro organisms. The Acting Director General, NAFDAC, Y...

December 28, 2016 No Responses

FG identifies 50,000 ghost workers

The Federal Government has saved N200 billion by eliminating 50,000 ghost workers from its payroll, Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu has said. According to the Government, between February and this month, N13...

December 28, 2016 No Responses

African Food Festival: Ayade, Ita-Giwa, others laud Dangote

Cross River State Governor, Professor Ben Ayade has commemded Dangote Industries ltd for sponsoring the maiden edition of African Food festival Calabar. Declaring the festival open, the Governor who was represented by his wife, Dr. Linda Ayade lauded the exe...

December 25, 2016 No Responses

Buhari pledges to tackle poverty

President Muhammadu Buhari has reiterated the resolved of the Federal Government to tackle poverty across the country by stimulating the economy. In his chrismas message on Saturday, Buhari urged Nigerians not to lose hope, but seek divine intervention for t...

December 23, 2016 No Responses

Lack of counter-part funds from FG stalls retirees’ benefits

Organized Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has urged the Federal Government to release its counter-part funds to the National Pension Commission (PENCOM) so that thousands of retired Public Servants can be paid....

December 23, 2016 No Responses

Berlin attack: Family urges suspect to surrender

(BBC) The family of Anis Amri, the Tunisian man suspected of driving a lorry into a crowded Christmas market in Berlin, have urged him to surrender. His brother, Abdelkader Amri, said he was sure Anis was innocent. If he was...

December 22, 2016 No Responses

Whistle blowers to get 5 % of looted funds

Whistle blowers with credible information are to get 5 per cent of the looted funds when recovered. According to the Federal Government, the programme was designed to encourage anyone with information about a violation, misconduct or improper activity that imp...

December 19, 2016 No Responses

SEC to partner EFCC on market infraction

The Securities and Exchange Commission (SEC) is working on a Memorandum of understanding (MoU) with the Economic and Financial Crimes Commission (EFCC) to provide an efficient and effective policing of the capital market. This was disclosed by the Director Ge...

December 15, 2016 No Responses

Buhari presents N7.2tri Budget for 2017

President Muhammadu Buhari on Wednesday presented a N7.298 trillion 2017 budget before the joint session of the National Assembly. The presentation was made in Abuja with members of the senate and House of Representatives in joint session. President Buhari exp...

December 12, 2016 No Responses

‘Nigeria’s 2017 budget’ll tackle recession’

President Muhammadu Buhari has assured Nigerians that the 2017 Appropriation Bill would take Nigeria out of the ongoing economic recession. In his Eid-el Maulud message, Buhari explained that with collective dedication and hard work, Nigerians would in 2017 ov...

December 11, 2016 No Responses

FG unveils 10-point agenda for economic growth

The federal government has outlined a 10-point fiscal roadmap to reset the economy to a path of growth. The Minister of Finance, Mrs Kemi Adeosun revealed the outline when she represented Vice President Yemi Osinbajo, at the annual dinner of...

December 9, 2016 No Responses

NSE Photo News

L – R shows Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Sam Oyemelukwe, Head of Anglophone Africa, Trace TV, Kenny Saint Brown, Recording Artist; Oscar N. Onyema, OON, Chief Executive Officer, NSE; Au...

December 8, 2016 No Responses

Citigroup, others to issue Nigeria’s $1b Eurobond in 2017

The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kem...