Economy Archives — Page 207 of 230

April 26, 2017 No Responses

Nigerian Breweries targets 60 per cent local raw materials before 2020

As part of measures to sustain growth and ensure profitability for all stakeholders, Nigerian Breweries Plc is to attain 60 per cent sourcing of its raw materials before the year 2020. Briefing Journalists on Tuesday in Lagos on the...

April 24, 2017 No Responses

BPE boss pledges to step up post-privatization monitoring activities

The new Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has formally resumed at the Bureau in Abuja with a pledge to ensure that privatized enterprises in the country give services to the generality of Nigerians. ...

April 21, 2017 No Responses

Volumes in global derivatives hits 24.9b contracts

The World Federation of Exchanges (WFE) on Thursday published its annual report into the global derivatives market. According to WFE, Thursday’s report coincides with the WFE’s 34th IOMA Clearing & Derivatives Conference, taking place in Frankfurt, ...

April 20, 2017 No Responses

Don’t scrap PEF, group tells FG

Insinuations that the Federal Government plans to scrap the Petroleum Equalization Fund (PEF) has been condemned by a socio-cultural group, United for a Better Nigeria (UFBN) on grounds that such action would cause more hardship for Nigerians. Speaking at a...

April 19, 2017 No Responses

World Economics: Nigeria out of recession

The Nigerian economy is looking up, signalling an end of the recession, the World Economics declared on Tuesday. However, the London based organisation cautioned that “conditions remain difficult for businesses.” According to the body,“April Sales Manage...

April 17, 2017 No Responses

China’s first quarter growth beats expectations at 6.9%

(BBC) China’s economy grew by 6.9% in the first quarter of 2017, according to official figures. The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many economists had forecast. State-led...

April 13, 2017 No Responses

WFE unveils cyber resilience standards

The World Federation of Exchanges (WFE), on Wednesday in London published a set of cyber resilience standards designed to be used by WFE members, and other market infrastructure providers, to ensure alignment and common minimum standards across the global syst...

April 9, 2017 No Responses

Critical role of agriculture takes centre stage as Ogbeh, FAO delegation visit Borno

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has challenged Nigerians to rally support, improve the lives and well-being of rural communities in the interest of the larger economy. Ogbeh spoke on Friday in Maiduguri, Borno State at...

April 9, 2017 No Responses

NPA presents N233.7b expenditure for 2017

The Nigerian Ports Authority (NPA) has earmarked N233.7billion expenditure for the year 2017. Presenting the budget estimate to the House of Representative Committee on Ports, Habours & Waterways under the leadership of Hon. Patrick Asadu, Managing Directo...

April 8, 2017 No Responses

EFCC recovers N500m in Lagos Plaza

The Economic and Financial Crimes Commission (EFCC), Lagos Office, on Friday uncovered N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. ...

April 7, 2017 No Responses

WFE releases third annual sustainability survey

The World Federation of Exchanges (WFE) has released its annual global Environment, Social and Governance (ESG) survey. Now in its third year, the survey aims to capture the nature and extent of WFE engagement with ESG issues, and how this...

April 6, 2017 No Responses

FG clears N54b pension backlog

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...

April 5, 2017 No Responses

Buhari: State Govts critical to economic success

President Muhammadu Buhari has challenged State Governments across the country to draw inspiration and strategic direction from Federal Government Plan to articulate their economic programmes, particularly in the development of the real sector. Speaking on Wed...

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...