Economy – Page 214 – City Business News

September 7, 2022 No Responses

Export Earnings Takes Centre Stage As FICAN Holds Annual Conference

All is now set for the 2022 edition of the up Finance Correspondents Association of Nigeria (FICAN) annual conference. A statement issued by the leadership of the association disclosed that the conference, which will hold on Saturday 17th and Sunday...

September 7, 2022 No Responses

FMDQ Approves N30b Commercial Paper programme To Boost Agriculture

The FMDQ Securities Exchange Ltd. has approved the registration of the Johnvents Industries Ltd N30 billion Commercial Paper (CP) to boost agriculture productivity. A statement issued on Tuesday explained that the approval was in furtherance of the compa...

September 6, 2022 No Responses

DMO Offers Two New FGN Savings Bonds

The Debt Management Office (DMO), on Monday, announced two new Federal Government of Nigeria (FGN) savings bonds offer at N1,000 per unit for September. According to the DMO, on its website, the first one is a two-Year FGN Savings Bond...

September 4, 2022 No Responses

NIWA Seeks Proper Funding, Infrastructure

Huge opportunities in the nation’s waterways can be maximised if there are infrastructure and proper funding, the Nigerian Inland Waterways Authority (NIWA), has said A statement issued on Saturday quoted Managing Director, NIWA, Dr George Moghalu, as ...

September 3, 2022 No Responses

NAFDAC Warns Importers, Exporters Against Sharp Practices At Ports

The National Agency for Food and Drugs Administration and Control (NAFDAC) has advised importers and exporters in the Eastern Ports and Bonded Terminals to adhere to the rules and regulations guiding ports’ operations. Head, Ports Inspection Directorat...

August 30, 2022 No Responses

FG Plans To Spend N19.76tri In 2023

The Federal Government is proposing to spend N19.76 trillion in 2023. Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, made the declaration in Abuja on Monday when she said the 2023 budget had a proposed deficit of N11.3...

August 30, 2022 No Responses

FG Releases N6.25b For Establishment Of Cattle Ranches In Katsina

Katsina State Deputy Governor, Alhaji Mannir Yakubu has disclosed that the Federal Government has released N6.25 billion for the establishment of cattle ranches in local government areas affected by banditry in the state. Yakubu, also Commissioner for Ag...

August 28, 2022 No Responses

World Bank Engages GBV Service Providers In Kaduna

The Kaduna State Adolescent Girls Initiative for Learning and Empowerment (AGILE), a World Bank-supported project, has engaged Gender-Based Violence (GBV) service providers, to provide health and psychosocial services to adolescent survivors. The Pr...

August 27, 2022 No Responses

CBN Releases $265m To Settle Outstanding Ticket Sales

The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According to a statement issued by the Director, Corporate Communications Department of CBN, Mr Osita....

August 26, 2022 No Responses

Manufacturers Task CBN On FOREX Allocation

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to allocate more FOREX to manufacturers to allow for the importation of raw materials and machinery. Edo/Delta branch chairman of MAN, Dr Okwara Udensi, made th...

August 25, 2022 No Responses

FG, States, LGCs Share N954.085b

The Federation Account Allocation Committee (FAAC), has shared N954.085 billion with the three tiers of government, as federation allocation for July. This is according to a statement signed by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on&nbs...

August 25, 2022 No Responses

Stock Market Recovers N65b

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle and Stanbic Bank Specifically, the market capitalisation gained N65 bil...

August 24, 2022 No Responses

Nigeria Exports $2.6b Non-Oil Products In Six Months

Nigeria exported over 4. 146 million metric tonnes of non-oil products, worth $2.593 billion from January to June 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Tuesday. Presenting the first half year 2022 progress report to Journ...

August 24, 2022 No Responses

Nigeria Decries Abuse Of Expatriate Quota Policy

The Minister of Interior, Alhaji Rauf Aregbesola has decried the abuses and gross violations of Nigeria’s expatriate quota policy by foreigners and some organisations in the country. Aregbesola condemned the practice on Tuesday in Abuja at the re-inaug...