Economy Archives — Page 208 of 248

January 23, 2018 No Responses

Mining: FG engages Revenue Consultants

The Federal Government has engaged the services of about 100 revenue consultants to work on areas of leakages in the revenue accrued from the mining sector, with a view to shoring up earnings from the sector. The consultants, who would...

January 22, 2018 No Responses

CBN explains inability to hold MPC meeting for January

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele...

January 19, 2018 No Responses

How to restructure, put NIPOST on profitable path, by BPE

The planned restructuring and modernisation of the Nigerian Postal Service (NIPOST) will lead to its unbundling to have stand alone business components that will project the NIPOST brand, provide efficient service and be put on a profitable path. This was....

January 19, 2018 No Responses

SEC extends e-dividend free registration to February 28

As part of its developmental role, the Securities and Exchange Commission (SEC) has announced an extension of the period for the FREE e-Dividend registration exercise till February 28, 2018, to encourage more shareholdersmandate their Bank Accounts Ac...

January 19, 2018 No Responses

WFE unveils best practice guidelines for cyber security compliance

The World Federation of Exchanges (WFE) on Thursday published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance. The paper takes a behavioural approach to the issue, as evidence.....

January 18, 2018 No Responses

CBN unveils agenda to push tomato, cocoa, palm oil production in 2018

The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018. The CBN Governor, Mr Godwin Emefiele, disclosed this when he visited...

January 18, 2018 No Responses

AfDB in Nigeria’s development

By Salisu Na’inna Dambatta – As President Muhammadu Buhari commissions the modern office of the African Development Bank (AfDB) in Nigeria on January 18, 2018, it is pertinent to refresh our memories of the relationship between Nigeria and the...

January 17, 2018 No Responses

Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap & Outlook for 2018 on Tuesday, January 16, 2018, at the Stock Exchange House, Lagos. This annual event is a forum for the Chief Executive Officer of NSE, Mr....

January 16, 2018 No Responses

CBN injects $210m into foriegn exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communic...

January 13, 2018 No Responses

NSE trading index drops by 0.33 per cent

Activities on the Nigerian Stock Exchange All-Share Index on Friday bowed to profit taking halting the six-day price rally with the All-Share Index dropping by 0.33 per cent. The News Agency of Nigeria (NAN) reports that the index lost 142.64...

January 12, 2018 No Responses

7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

Seven-Up Bottling Company Plc shareholders on Thursday approved the Scheme of Arrangement for the acquisition of 26.8 per cent shares by Affelka South Africa. The shareholders gave the approval at the Court-Ordered meeting convened at the instance of the Fed...

January 11, 2018 No Responses

‘Agriculture will boost Nigeria’s sustainable development’

Mr Aniefiok Umoren, the Head of Development Finance, Central Bank of Nigeria (CBN), Calabar, says agriculture remains the most viable option to boost the country’s sustainable development and food security. Umoren said this on Wednesday at the official lau...

January 10, 2018 No Responses

World Bank: Nigeria’s economy to grow by 2.5% in 2018

The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. According to the World Bank’s January 2018 Global Economic...

January 9, 2018 No Responses

Ogbeh: Agriculture created over 6m jobs in two years

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said on Monday that agriculture sector created six million jobs in the last two years. Ogbeh said this while analysing the achievements of his ministry and 2018 targets of the...