Economy – Page 213 – City Business News

July 16, 2022 No Responses

Nigeria, EU Present Report On Maize Value Chain

The Nigerian Government and the European Union (EU) Delegation to Nigeria and ECOWAS, on Friday, presented a report on the value chain analysis study on maize. A statement issued on Friday explained that the collaboration was done between Nigeria’s Ministry...

July 13, 2022 No Responses

Nigeria’s Crude Oil Production Averaged 1.238m bpd In June

Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022, the Organisation of the Petroleum Exporting Countries (OPEC) has said OPEC made this known in its Oil Market Report for July 2022...

July 11, 2022 No Responses

Traditional Ruler Cautions Against Use Of Chemicals For Fishing

A traditional ruler in Nasarawa State, Alhaji Usman Abdullahi, has advised the residents of his area and other Nigerians against the use of chemicals for fishing. Abdullahi, the ‘Ehimega Opand, said it was to avoid water pollution and in the interest...

July 10, 2022 No Responses

Manufacturers Task FG On Increasing Cost Of Diesel

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to provide an integrated support system to reduce the impact of the increasing cost of diesel on manufacturing. In a statement issued on Saturday, Director-General, MAN, Mr S...

July 9, 2022 No Responses

Union To Saraki: Resuscitate Ajaokuta Steel Mill

The Iron Rod and Steel Dealers Employers Union of Nigeria has urged the new Minister of State for Mines and Steel Development, Sen. Gbemisola Saraki, to resuscitate the Ajaokuta Steel Mill. The National President of the union, Chief Gbenga Awoyale,...

July 7, 2022 No Responses

Ardova Declares N1.54b Profit For 2021

For the financial year ended December 31, 2021, Ardova Plc (AP) has reported a profit of N1.54 billion. In its audited financial statements and first quarter (Q1) 2022 unaudited financial results which were released on Thursday, Ardova Plc explained that...

July 7, 2022 No Responses

Tax Development: FIRS Boss Harps On Collaboration Among Regulatory Bodies

The Federal Inland Revenue Service (FIRS) has described collaboration among regulatory bodies as critical in deepening FIRS institutional framework through qualitative reporting and effective representation of their clients. Mr Muhammad Nami, the Executive C...

July 7, 2022 No Responses

FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar

The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO). The...

July 5, 2022 No Responses

DMO Lists Two FGN Savings bonds

The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest...

July 5, 2022 No Responses

Income Tax Returns: FIRS Extends Due Date For Companies

The filing of Companies Income Tax Returns for the 2022 Year of Assessment, due on 30th June 2022, has been extended to 31st August 2022, for companies who were unable to meet up with the deadline as at the end...

July 5, 2022 No Responses

Agric, Fashion Entrepreneurs, Others Emerge Winners of Unity Bank N10m Corpreneurship Challenge Grant

Unity Bank Plc has doled out a N10 million business grant to 30 corps members who emerged the winners of the eighth edition of its flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge. The winners emerged after a busin...

July 4, 2022 No Responses

Stakeholders Task FG On Rejection Of Nigeria’s Agric Export

Stakeholders in the agriculture sector have appealed to the Federal Government to support farmers in addressing the rejection of Nigeria’s agricultural produce in the international market. Some of the stakeholders who spoke with the News Agency of Nige...

July 3, 2022 No Responses

Ardova To File 2021 Audited Financial Statement

The Board and Management of Ardova Plc (Ardova), at the weekend, allay concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements. The....

July 2, 2022 No Responses

NEPC Trains 45 Newly Registered Non-Oil Exporters

The Nigerian Export Promotion Council (NEPC) on Friday trained 45 newly registered non-oil exporters in Enugu State on export procedures documentation, certification and other needs. The Assistant Director, NEPC, Mrs Ngozi Ibe, said that ...