Economy Archives — Page 207 of 248

February 19, 2018 No Responses

SEC Targets Increased Level of Financial Inclusion by 2020

The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020. Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion...

February 19, 2018 one Response

Monarch to Politicians: Focus on economy, Security

As politicians gear up for campaigns ahead of the 2019 general elections, a first class traditional ruler in Nasarawa State has advised them to focus on the economy and security. Chief Luka Baba, the Esu Karu, gave the advice on...

February 16, 2018 No Responses

SEC Stops Stock Exchange Sale to Investors

United States regulators killed politically-sensitive-sale of Chicago Stock Exchange to China-based investors. It said lack-of-information on the would-be-buyers threatened proper-monitor of the exchange after the deal, Media reports on Friday. The move by ...

February 16, 2018 No Responses

Nigeria, Global Bodies Move To Stop Illicit Financial Flows in Africa

Nigeria and global organisations, including theOrganisation for Economic Cooperation and Development (OECD) and the World Bank Group, have agreed on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF) in Afr...

February 13, 2018 No Responses

Adeosun to Address UN, OECD on Tax, Revenue Leakages

The Honourable Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development to speak at the Platform for Collaboration on Tax Conference on Thursday, February 15, at the United Nations in New York....

February 8, 2018 No Responses

FG re-appoints Consortium of Banks to implement $2.5b Euro bond

The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme. The Minister of Finance, Mrs Kemi Ad...

February 6, 2018 No Responses

Okomu oil palm unveils agenda for new plantation

Okomu Oil Palm Company Plc has notified its shareholders and other stakeholders of plan to unveil new plantation. According to the company, the new plantation referred to as Extension 2 will be commissioned by Governor of Edo State, Godwin...

February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...

February 4, 2018 No Responses

CMD organises 2,198 courses in 10 years

The Centre for Management Development (CMD) says it has organised no fewer than 2,198 programmes in 10 years to build the capacity of government officials in various management sector. CMD Director- General, Dr Kabir Usman, stated this in a document...

January 31, 2018 No Responses

N8b CBN currency scam case resumes as EFCC explains missing N900m

Mr Saliu Kadri, one of the EFCC investigators in the alleged N8 billon CBN currency scam case, on Tuesday said that the accused persons breached normal procedures at the Ibadan branch of the apex bank Testifying before Justice Joyce AbdulmaleeK of the F...

January 30, 2018 No Responses

FG inaugurates tomato monitoring team

Hajia Aisha Abubakar, the Minister of State, Industry, Trade and Investment, on Monday inaugurated a tomato monitoring team to oversee the implementation of government policy to boost production of fresh tomato fruits. She said at the event in Abuja that...

January 30, 2018 No Responses

Oando: Shareholders reiterate call for forensic audit

As Nigerians and the international community await the outcome of the proposed forensic audit on Oando Plc, more shareholders have advised the emir of Kano, Muhammadu Sanusi, to desist from interfering in ongoing efforts to unravel the root causes of...

January 24, 2018 No Responses

Oando: Shareholders fault Sanusi’s intervention

The reported intervention of the Emir of Kano, Muhammadu Sanusi in the face-off between Oando Plc and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC), the Oando Shareholders Solidarity Gro...

January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...