Economy – Page 221 – City Business News

April 27, 2022 No Responses

AIB-N Releases Four Preliminary Reports

The Accident Investigation Bureau, Nigeria (AIB-N), has released four preliminary reports on serious incidents and accidents involving aircraft owned and operated by some Nigerian airlines. The airlines included United Nigeria Airlines Limited, Max Air, Air Peace and the Nigerian Police...

April 26, 2022 No Responses

Amaechi Seeks Final Approval For Ibadan Dry Port

The Minister of Transportation, Mr Rotimi Amaechi, on Monday promised to seek the Federal Executive Council’s (FEC) approval for the commencement of Ibadan Dry Port before the end of May, 2022. Amaechi, who is also aspiring to take over from...

April 25, 2022 No Responses

Ondo Chocolate Firm Targets $1m Revenue

Sunshine Chocolate Factory, Alade Idanre, Ondo State, producers of Idan Premium chocolate bars, is to generate $1milion revenue yearly when it enters the chocolate market fully. The company had announced plans to hit European market...

April 23, 2022 No Responses

Stakeholders Tackle SEC Over Alleged Arbitrary Increase In CMOs Fees

The Issuers and Investors Alternative Dispute Resolution Initiative (IIADRI) has condemned alleged arbitrary and unilateral increase in fees charged to Capital Market Operators (CMOs) by the Securities and Exchange Commission (SEC). A statement join...

April 21, 2022 No Responses

AfDB To Double Africa’s Climate Finance To $25b

The African Development Bank (AfDB) will within the next five years double the climate change finance of Africa to $25 billion Dr Kevin Kariuki, AfDB Vice-President for Power, Energy, Climate and Green Growth, said this at a virtual news conference...

April 21, 2022 No Responses

Sylva: Nigeria Must Evolve Innovative Ways In Oil, Gas Exploration

To be relevant as a major player in the global oil and gas industry, Nigeria must come up with innovative ways of exploiting and exploring its abundant oil and gas. In his opening remarks at the stakeholders’ consultation on draft...

April 20, 2022 No Responses

Nigeria Mulls Bill To Support Young Entrepreneurs In Digital Eco System

The Nigerian Government is considering a bill to support young entrepreneurs, particularly within the Digital Eco System. The Minister of Communications and Digital Economy, Mr Isa Pantami, said this at an interactive session with the leadership of...

April 18, 2022 No Responses

Presco: Sustaining Growth Through Expansion

No doubt, Presco Plc is one of the most fundamental stocks on the Nigerian Exchange Limited (NGX). In its unaudited 2021 financial statement for the period ended December 31, 2021, Presco Plc improved on profitability as the management ex...

April 17, 2022 No Responses

Easter: Consumers Lament High Cost Of Foodstuffs

Some consumers have expressed concern over the continuous hike in prices of foodstuffs and other items in the country. The citizens who spoke in a survey conducted by the News Agency of Nigeria (NAN) in Kpirikpiri and Margaret Umahi International...

April 15, 2022 No Responses

Fidelity Bank Drives Non-Oil Exports Awareness In North Central Through RT200 FX Seminar

Governor Simon Lalong of Plateau state has lauded the RT200 FX Programme by the Central Bank of Nigeria’s (CBN), stating that the nation stands to gain a lot in terms of expanding its foreign exchange earning capacity through previously underutilis...

April 13, 2022 No Responses

Buhari Orders Release Of 40,000 Tons Of Grains

President Muhammadu Buhari has approved the immediate release of 40,000 metric tons of assorted grains from the Strategic Grains Reserve, to assist less-privileged Nigerians to celebrate the forthcoming Easter and Sallah festivities. The Minister of Agricult...

April 12, 2022 No Responses

Minister Tasks NAFDAC On Listing Cost For Traditional Medicines

The Minister of State for Health, Sen. Adeleke Mamora, has pleaded with the National Agency for Food, Drugs Administration and Control, (NAFDAC), to slash product listing cost for traditional medicines, with a view to improving access to Universal Health Cover...

April 11, 2022 No Responses

Fidelity Bank Takes Non-Oil Exports Campaign To North Central

Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. ...

April 11, 2022 No Responses

SEC Nigeria Receives FSD Africa Delegation, Harps On Technology-Driven Market

The Securities and Exchange Commission has restated its commitment to ensuring that technology plays a major role in enabling the nation’s capital market attain its full potentials. Director General of the SEC, Mr. Lamido Yuguda stated this durin...