Economy Archives — Page 217 of 230

November 4, 2016 No Responses

WFE names new board officers

At the 56th General Assembly in Cartagena on Thursday, the World Federation of Exchanges (WFE) appointed three new officers of the Board, in line with the organisation’s customary geographical rotation of officers every two years. The new officers of...

November 3, 2016 No Responses

How to grow liquidity in emerging market exchanges, by Arunma Oteh, others

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers on Wednesday in Cartagena, Colombia held a roundtable to discuss how best to grow liquidity in emerging market exchanges. The session which form part ...

November 2, 2016 No Responses

Experts task FG on threat to Nigeria’s cassava industry

Experts in cassava research have identified low productivity of cassava roots as major threat to Nigeria’s cassava industry. According to the Researchers, the development if not curtailed could impede gains made in the sector, thereby putting Nigeria at ri...

November 1, 2016 No Responses

Fidelity Bank declares N110.3B gross earnings in nine months

For the nine months ended September 30, 2016, Fidelity Bank Plc attained N110.3 Billion gross earnings, indicating three per cent increase when compared to its previous N107 billion. Also within the period, deposit increased by 3.4 per cent to N795.6...

November 1, 2016 No Responses

NSE Photo News

L – R shows Oscar N. Onyema, OON, President African Securities Exchanges Association (ASEA) and Chief Executive Officer, The Nigerian Stock Exchange (NSE) with Kevin Moore, Director Global Business Development, Chartered Institute for Securities & Inves...

October 31, 2016 No Responses

TUC faults Senate on amendments to CCB/CCT Act

The Trade Union Congress (TUC) of Nigeria at the weekend condemned amendments to the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT) Act by the National Assembly. In a statement titled: “Lawmakers: Self-Serving laws cannot...

October 31, 2016 No Responses

CBN to sanction fraudulent bank customers

Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director,...

October 30, 2016 No Responses

Guinness Nigeria explains six per cent increase in revenue

Guinness Nigeria has announced 6 per cent increase in revenue for the first quarter of its financial year ended 30 September 2016. The company attributed the increase partly to contributions from its new mainstream and international premium spirits busi...

October 29, 2016 No Responses

World Savings Day: FirstBank promotes financial literacy

FBNHoldings has announced plan to join the rest of the world in celebrating the 2016 World Savings Day on October 31 by engaging children and youths on the rudiments of savings in line with the Central Bank of Nigeria (CBN)...

October 28, 2016 No Responses

2016 Budget: FG releases N2.5trillion

Still shopping for a sustainable healing barm for the nation’s troubled economy, the Federal Government has so far released N2.5 trillion from the N6.06 trillion 2016 budget, Minister of Budget and National Planing Udoma Udo Udoma has said. Also answering...

October 28, 2016 No Responses

‘Port Harcourt Seaports critical to Nigeria’s economic development’

The President of Port Harcourt Chamber of Commerce (PHCCIMA)Dr. Emi Membere-Otaji has appealed to the Federal Government and all relevant stakeholders to give adequate attention to re- inventing Port Harcourt seaports as part of measures to sustain economic gr...

October 27, 2016 No Responses

World Federation of Exchanges to host 300 delegates at 2016 annual meeting

The World Federation of Exchanges (WFE) has concluded plans to host 300 delegates at its 56th General Assembly & Annual Meeting scheduled for November 2-4, 2016, in Cartagena, Colombia. The event, hosted by Bolsa de Valores de Colombia (BVC), will...

October 26, 2016 No Responses

Minister laments ‘high-level’ corruption in Customs

Efforts by the Federal Government to realize money from revenue generating agencies such as Nigeria Customs Service (NCS) is being hampered by alleged high-level corruption, the Minister of Finance, Kemi Adeosun has said. Addressing members of the Senate Com...

October 26, 2016 No Responses

FG Seeks NASS approval to borrow $29.9b

The Federal Government has forwarded a letter to the National Assembly seeking approval to borrow externally $29.9 billion as part of measures to ensure the prompt implementation of projects. In a letter addressed to the Speaker of the House of...