Economy Archives — Page 219 of 230

October 8, 2016 No Responses

Sukuk Issuance: SEC lauds CBN’s approval of guidelines for granting liquid assets to States

The Securities and Exchange Commission (SEC) has notified issuers and investors that the Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”. In a statement on Friday, SEC...

October 8, 2016 No Responses

Heritage Bank seeks sustained support for firms

As part of measures to create wealth for individual customers, Heritage Bank recently took advantage of customers’ service/appreciation week to organise a business fair to celebrates the business activities of various customers. The fair which t...

October 8, 2016 No Responses

FirstBank partners NESG on 22nd economic summit

Inline with commitment to drive financial inclusion and sustainable national economic development, First Bank of Nigeria Limited and FBN Merchant Bank Limited have partnered the Nigerian Economic Summit Group to host the 22nd Nigerian Economic Summit (NES#22) ...

October 5, 2016 No Responses

‘Partnership with Tony Elumelu Foundation will lift creative industries’

The partnership between the Federal Ministry of Information and Culture and the Tony Elumelu Foundation will help to re-position the Creative Industries in Nigeria, the Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking at a cere...

October 4, 2016 No Responses

Minister task farmers on quality products, foreign exchange earnings

As part of measures to avoid fungal contamination, protect public health and secure more markets for Nigeria’s agro-commodities, the Minister of State, Agriculture and Rural Development, Senator Heineken Lokpobiri has challenged farmers and other stakeholder...

October 4, 2016 No Responses

Study of History critical to Nigeria’s development, says Tinubu

Former Governor of Lagos State and National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu has called on the Federal Government to re-introduce study of History to the nation’s institutions. Speaking in Abuja on Monday at...

October 3, 2016 No Responses

‘How to boost growth, decent work in BRICS countries’

The International Labour Organisation (ILO) Director-General, Guy Ryder, has welcomed the Joint Declaration issued by the BRICS’s Labour and Employment Ministers at the end of their second summit in New Delhi. Addressing participants at the second day of ...

September 30, 2016 No Responses

FG implores private sector on economic recovery

The private sector hold the key to the quick recovery of Nigeria’s economy from recession, President Muhammadu Buhari has said. Speaking on Thursday at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, Buhari...

September 27, 2016 No Responses

FG to get $1Billion loan from AfDB

The African Development Bank (AfDB) has approved a $1 billion loan to cover the deficits in Nigeria’s 2016 budget. AfDB President, Akinwunmi Adesina told Journalists on Monday after meeting with Vice President Yemi Osinbajo and other members of the...

September 27, 2016 No Responses

Wema Bank, Bank of Uganda brainstorm on performance management

Wema Bank, recently, hosted some staff of Uganda’s Apex Bank; The Bank of Uganda (BoU), on a week-long knowledge and skills sharing session on Balanced Score Card and Performance Management. Speaking on the BoU’s decision to take a cue from...

September 25, 2016 No Responses

Oil workers threaten nationwide strike

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to shut down the country if the Federal Government should carry out its plan to sell national assets to augment revenue...

September 25, 2016 No Responses

World Federation of Exchanges unveils Cyber Resilience Principles

The World Federation of Exchanges (WFE) has published a set of principles around cyber resilience, intended to support and complement guidance already provided by global regulators. According to WEF, the principles have been drafted in consultation with memb...

September 22, 2016 No Responses

‘Reshuffle your cabinet now’

As Nigeria’s economic crisis continue unabated, some Senators have urged President Muhammadu Buhari to reshuffle his cabinet. Specifically, the Deputy Senate President, Ike Ekweremadu, has advised President Buhari to redeploy the Minister of Finan...

September 20, 2016 No Responses

Kachikwu, Adeosun, others list way out for Nigeria’s economy

(NAN) The Minister of State for Petroleum, Ibe Kachikwu, has identified seven key implementation strategies to boost the petroleum industry and enable export of refined products by 2019. He announced this at the Presidential Quarterly Business Forum between th...