Economy – Page 206 – City Business News

December 11, 2022 No Responses

Buhari Approves Disbursement Of N16b, $350m Cabotage fund

President Mohammadu Buhari has approved the disbursement of Cabotage Vessel Financing Fund (CVFF). Minister of Transportation, Mr Mu’azu Sambo, disclosed this during the flag-off ceremony of Batch B of the Third Phase of Nigerian Seafarers Development Programme (NSDP) TERRA 11,...

December 11, 2022 No Responses

Emefiele: Export Proceeds Repatriation To Hit $1b In Q4

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, on Saturday expressed optimism that export proceeds repatriation for rebate would hit N1billion fourth quarter of 2022. Emefiele said this at a press conference on the outcome of th...

December 10, 2022 No Responses

FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds

By citybusinessnews@yahoo.com — FMDQ Securities Exchange Limited is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost. Head, Market Architecture, FMDQ Securiti...

December 8, 2022 No Responses

DMO Issues Two FGN Savings Bonds

The Debt Management Office (DMO) has announced its December issuance of two Federal Government of Nigeria (FGN) Savings Bonds at N1,000 per unit. According to a statement by the DMO, the first offer is a two-year FGN Savings Bond due...

December 7, 2022 No Responses

FG Raises Plastics Value Chains Committee

The Federal Government on Tuesday inaugurated a project steering committee to promote sustainable plastics value chains through circular economy practices. The Minister of Environment, Mr Mohammed Abdullahi, who inaugurated the committee in Abuja, explai...

December 6, 2022 No Responses

At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks

The Central Bank of Nigeria (CBN) has assured information security stakeholders and the general public of its collaboration to check the rising cases of cyber-attacks within Nigeria’s cyberspace. Director, Payments System Management Department of the...

December 5, 2022 No Responses

DMO Boss At CAMCAN Workshop, Lists Ways To Tackle Nation’s Debt Burden, Revenue Challenges

The Director-General, Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration as part of measures to tackle revenue challenges. Speaking at the 2022 Capital Market Correspondents Assoc...

December 4, 2022 No Responses

Oyebanji Signs N21b Supplementary Budget

Ekiti State Governor, Mr Biodun Oyebanji, on Friday accented to the N21 billion supplementary budget duly passed by the state House of Assembly. With the development, the Appropriation for the 2022 fiscal year stands at N122,669,039,657.27, (one hundr...

December 2, 2022 No Responses

FG Awards Patent Certificates To 19 Researchers, Inventors

The Federal Government has awarded patent certificates to 19 researchers for their various inventions and innovations in addressing economic problems. The Minister of Science, Technology and Innovation, Dr Adeleke Mamora, presented the certificates to th...

December 1, 2022 No Responses

FEC Approves PPP For Satellite Internet Broadband

The Federal Executive Council (FEC) has approved the concession of Research and Development of Satellite Internet Broadband Project to ensure uninterrupted and high-speed fixed broadband internet penetration in Nigeria. This is contained in a statement s...

November 30, 2022 No Responses

Photo News

L-R: Commissioner for Finance and Economic Development, Mr Akin Oyebode; Secretary to the State Government, Dr. Habitat Adubiaro; Ekiti State Governor, Mr Biodun Oyebanji; Managing Director of Ecobank Plc, Mr. Bolaji Lawal; and Regional Head, Southwest, Angela...

November 29, 2022 No Responses

FIRS Seeks Harmonised Systems Among Tax Administrators

The Executive Chairman, Federal Inland Revenue Services (FIRS), Muhammad Nami has appealed for harmonisation of tax systems among member states of Commonwealth Association of Tax Administrators (CATA). Nami made the appeal on Monday in Abuja at the 42nd ...

November 28, 2022 No Responses

Dangote Targets 300,000 Fresh Jobs For Nigerians

Africa’s foremost industrialist, Aliko Dangote, is optimistic that the new multibillion Naira investment in the sugar sub-sector would help provide no fewer than 300,000 jobs in Nigeria. A statement from the Corporate Communication Department of the co...

November 28, 2022 No Responses

Presco Wins 2022 Agriculture Sectoral Leader Award

By Moses Ebosele, ebosele@hotmail.com — Presco Plc has emerged winner of sectoral leadership award in Agriculture at the 2022 PEARL Awards held on Sunday in Lagos. The category had Livestock Feeds Plc and Okomu Oil Palm Plc, but, Presco Plc wa...