Economy – Page 208 – City Business News

September 22, 2022 No Responses

Stock Market Loses N13b In Bearish Trading

Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday. Also, the All-Share Index lost 23.40 points or 0.05 per...

September 21, 2022 No Responses

Cross River Concessions Cocoa Processing Plant

Cross River Government has concessioned the ultra-model cocoa processing plant in Ikom, Ikom Local Government Area of the state to a private firm, AA Universal Agro Industries Ltd. The Governor, Prof. Ben Ayade, explained during the handover in Calabar....

September 20, 2022 No Responses

UBA Begins Cross-Border Transactions With PAPSS In Q4

United Bank for Africa Plc (UBA) is to commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022. Group Head, Digital Banking, UBA, Mr Kayode Olubiyi, expained on Tuesday at a.....

September 20, 2022 No Responses

Shippers’ Council Implores Stakeholders On Seaports Automation

The Nigeria Shippers Council (NSC) has urged maritime stakeholders to support ongoing automation of the nation’s seaports. Speaking as one of the panelists at the 2022 annual Finance Correspondents Association of Nigeria (FICAN) conference in Lagos, A...

September 20, 2022 No Responses

Shippers’ Council, NEXIM, NIWA, Navy, Strengthen Regional Shipping Line Partnership

The Nigeria Export-Import Bank (NEXIM) is currently working with the Nigeria Shippers’ Council (NSC), Nigerian Navy, National Inland Waterways Authority (NIWA) as part of measures to ensure smooth execution of the sub-Saharan regional shipping line project s...

September 20, 2022 No Responses

Yobe Earmarks N10.8b For Road Projects

The Yobe State Government, on Tuesday, disclosed that it will utilise N10.8 billion of the N18 billion refund received from the Federal Government on road construction projects. The News Agency of Nigeria (NAN) reports that the recent N18 billion...

September 19, 2022 No Responses

SEC, UBA, BoI, Others Elaborate On Non-Oil Export Opportunities

The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, stated this at the 2022 annual conference of the Financ...

September 19, 2022 No Responses

UBA DMD: Creative Industry Can Boost Nigeria’s Export Earnings

Mr Muyiwa Akinyemi, the Deputy Managing Director, United Bank for Africa Plc, has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings. Akinyemi gave the advice at the annual confe...

September 18, 2022 No Responses

Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation

By Moses Ebosele, ebosele@hotmail.com — Trade facilitation took the centre stage, in Lagos, on Saturday as key stakeholders brainstorm on challenges, existing modalities and gains recorded so far. Speaking at the event, which forms part ...

September 18, 2022 No Responses

Kano Agro-Project Awards N6b Milk centres, Irrigation Contract

Kano State Agro-Pastoral Development Project (KSADP) has awarded N6 billion contract for the construction of irrigation infrastructure and milk collection centres across the state. The projects would be sited across 16 local government areas of the state, a ...

September 16, 2022 No Responses

Selloffs Persist As Equity Market Drops N19b

Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day. The All Share Index (ASI) also decreased by 35.45 points or.....

September 13, 2022 No Responses

FCCPC Targets N14.3b Revenue In 2023

The Executive Vice Chairman, Federal Competition and Consumer Protection Commission (FCCPC), Mr Babatunde Irukera, on Monday, disclosed that the commission had a target revenue of N14.3 billion for 2023. Irukera made this known at a hearing on the 2023-2025 ...

September 13, 2022 No Responses

EFCC Partners Customs, Others To Tackle Corruption

The Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) has called on stakeholders particularly law enforcement agencies, to support the anti-graft crusade of the commission. The EFCC Zonal Commander, Mr Michael Nzekwe, made the appeal ...

September 12, 2022 No Responses

SEC Harps On Crowdfunding Benefits

The Securities and Exchange Commission (SEC) has said that the operationalization of Crowdfunding will accelerate the Financial Inclusion agenda in Nigeria while increasing the quantum of investible funds by unlocking the untapped capital in the economy. ...