Economy Archives — Page 213 of 235

March 30, 2017 No Responses

FG puts $500m notes at 7.5 per cent yield

The Federal Government on Thursday announced that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5% under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will...

March 29, 2017 No Responses

Buhari reiterates support for SMEs

To successfully tackle foreign exchange challenges and improve on the performance of Nigeria’s economy, President Muhammadu Buhari on Tuesday in Lagos reiterated his resolve to empower Small and Meduim Enterprises (SMEs). Speaking at the annual Tinubu Colloq...

March 28, 2017 No Responses

Researchers to unveil techniques for controlling weeds in cassava

Researchers working under the International Institute of Tropical Agriculture led Cassava Weed Management Project (IITA-CWMP) will this week share findings and recommendations on how to tackle weeds in cassava farming systems. The sharing of research findings ...

March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN, Nigerians can...

March 27, 2017 No Responses

Customs comes under scrutiny over alleged N4tri revenue leakage

Citing alleged revenue leakage in the Nigeria Customs Service (NCS) between 2006 and 2016, the Senate Committee on Customs, Excise and Tariff has commenced an intense investigation. Speaking on Sunday in Abuja, the Chairman of the committee, Hope Uzodinma,...

March 27, 2017 No Responses

‘Illegal refineries’ in Niger Delta to get crude supply from FG

Details of the President Muhammadu Buhari’s New Vision for oil-producing communities in the Niger Delta is emerging as an idea is now being worked out to explore how some of the illegal refiners and the local communities in the region...

March 25, 2017 No Responses

NNPC lauds Taleveras, to recover $184m crude SWAP under-deliveries from firms

Citing its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement, the Nigerian National Petroleum Corporation (NNPC) has commended Taleveras, one of Nigeria’s oil companies. Group Managing Director (...

March 25, 2017 No Responses

Whistle-blowers: FG gets 2,251 tips, enquiries, others in three months

Between December 2016 and March 24, 2017, the Federal Government through various whistleblower channels received 2,251information including enquiries, tips, compliments and general advice from the public. According to Festus Akanbi, the media assistant to the ...

March 25, 2017 No Responses

NSE places UNIC Insurance on full suspension

The Nigerian Stock Exchange (NSE) has placed ordinary Shares of UNIC Insurance Plc on full suspension with effect from March 22, 2017. According to the NSE, “This is in compliance with the process required for the approved Scheme of arrangement...

March 22, 2017 No Responses

CBN retains MPR At 14%, CRR at 30%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 14 percent and the Cash Reserve Ratio (CRR) at 30 percent. MPR is the rate at which the Central Bank lends...

March 21, 2017 No Responses

Promotion Arrears: Labour vows to paralyse Govt activities

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has threatened to shut down activities of Ministries, Departments, and Agencies (MDAs) at the Federal level “unless the Government takes urgent steps to pay promotion...

March 21, 2017 No Responses

Adeosun: FG complied with rules in disbursement of Paris club refunds

The Federal Government has consistently complied with all extant rules and regulations in the disbursement of Paris Club refunds to State Governments, the Minister of Finance, Mrs. Kemi Adeosun, has said. The minister also reaffirmed the commitment of the g...

March 20, 2017 No Responses

Labour implores FG on N500b Paris club refund to states

The Trade Union Congress of Nigeria (TUC) has urged the Federal Government to tie the N500b London-Paris Club refund about to be released to state governments to projects to avoid a repeat of what happened when the first tranche of...

March 20, 2017 No Responses

NSE partners Access Bank to celebrate global money week

Consistent with its commitment to promote financial literacy and inclusion in Nigeria, the Nigerian Stock Exchange (NSE) in collaboration with Access Bank Plc is to commemorate the 2017 Global Money Week. Titled: ‘Learn. Save. Earn’ with a series of educat...