Economy – Page 219 – City Business News

June 28, 2022 No Responses

Finance Minister Receives Revised Nigerian Capital Market Master Plan

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025). Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to strengthen the...

June 28, 2022 No Responses

Fitch Reaffirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at &#8216...

June 27, 2022 No Responses

FirstBank Unveils Single-Digit Loan For Female Entrepreneurs

By Moses Ebosele, ebosele@hotmail.com — The management of First Bank of Nigeria ltd has unveiled the FirstGem fund (FirstGem loan), a single-digit loan scheme, targeted at female entrepreneurs. In a statement on Sunday, Folake Ani-Mumuney, the ban...

June 27, 2022 No Responses

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap

By Moses Ebosele, ebosele@hotmail.com — The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has challenged relevant stakeholders to cooperate with the Securities and Exchange Commission (SEC) in its desire to help bridg...

June 26, 2022 No Responses

CBN Takes eNaira Campaign To Traders

The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, on Saturday, sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, and kitchen items, among other commodities, were enc...

June 26, 2022 No Responses

Nigerian Shippers’ Council Set For 2022 Maritime Seminar For Judges

The Nigerian Shippers’ Council (NSC) in collaboration with the National Judicial Institute is set to host the 16th edition of the International Maritime Seminar for Judges.The event is under the chairmanship of His Lordship, Hon. Justice Bode Rhodes-Vivour C...

June 25, 2022 No Responses

Saraki Tasks Women Maritime Practitioners On Development

The Minister of State for Transportation, Sen. Gbemisola Saraki, has urged the Maritime Women Association to coordinate and integrate their efforts toward engendering better positioning and development of the port industry. Saraki gave the advice during a stak...

June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said Mr Lamido Yuguda, the Director-General of SEC, out...

June 22, 2022 No Responses

CBN Rewards Lagos Farmers With Cash Gifts

Three farmers in Lagos State have won the “Best Farmer of the Year 2021” award organised by the Development Finance Department of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that the farmers were given...

June 22, 2022 No Responses

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses. Similarly, the All-Share In...

June 21, 2022 No Responses

Buhari To Private Sector: Reinvest Profit On Job Creation

President Muhammadu Buhari has appealed to members of the organised private sector to reinvest their profits on creation and retention of jobs. Buhari made the appeal while declaring open the maiden Nigeria Employers’ Summit of the Nigeria Employers’...

June 21, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Edo State Governor, Mr. Godwin Obaseki, has said the government’s sustained investment in oil palm cultivation and production will enhance the diversification of the state’s economy from crude oil and support ongoing efforts to engender forest regenera...

June 19, 2022 No Responses

NPA Tasks Procurement Dept On Processes, ISO Certification

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko has challenged the procurement department to be more proactive in terms of decisions on processes and procedures. Addressing participants at the NPA Procurement Strategic Retreat ...

June 18, 2022 No Responses

Opinion: Inflation Timebomb Threatens Nigeria’s Outlook

By Lukman Otunuga, Senior Research Analyst at FXTM — There was a period when Nigeria displayed resilience against the inflation menace. As other countries across the globe waged war on rising prices, Africa’s largest economy experienced periods of cool...