Economy – Page 222 – City Business News

April 9, 2022 No Responses

CBN To Begin Payment Of N65 Rebate To Exporters

The Central Bank of Nigeria (CBN) is to begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter. CBN Governor, Godwin Emefiele, said this shortly...

April 8, 2022 No Responses

SEC Concludes ISA Review

April 7, 2022 No Responses

Okomu Oil Sets Aside N7b For 2021 Dividend

For the 2021 financial year, the board of Okomu Oil Palm Plc has concluded plans to reward shareholders with a dividend payout of N7.6 billion, translating to an N8 per share. In a notice to the NGX ON Wednesday, Okomu Oil...

April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. ...

April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond

By Moses Ebosele, ebosele@hotmail.com — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...

April 5, 2022 No Responses

OPGAN: Nigeria Needs $500m Palm Oil To Meet Local Demands

The Oil Palm Growers Association of Nigeria (OPGAN), on Monday, said $500million worth of palm oil was needed to meet local demands of the commodity annually. The National President of OPGAN, Chief Joe Onyiuke, said this at a town hall meeting...

April 4, 2022 No Responses

SEC Nigeria Holds First CMC Meeting In 2022

The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday April 6, 2022.The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital market...

April 1, 2022 No Responses

Airtel, Konga Sign MoU To Deepen Online Retail In Nigeria

Airtel Nigeria and Konga, an e-commerce platform, on Thursday signed Memorandum of Understanding (MoU) to deepen the digital and online retail landscape in the country. The News Agency of Nigeria (NAN) reports that the MoU was signed at the Airtel...

April 1, 2022 No Responses

Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Consulting Limited will on Saturday hold its regular quarterly master class on 2022 titled Trading opportunities in a volatile market and defensive sectors in a pre-election year, between 9am and 4pm, on Saturday, April 2, 2022, via Zoom. A...

March 31, 2022 No Responses

Obaseki At Dubai Summit, Seeks Investments In Benin River Port, Enterprise Park, Others

The Edo State Governor, Mr. Godwin Obaseki at this year’s Annual Investment Meeting (AIM) in Dubai, briefed investors with his pitch for investments in the Benin River Port, the Enterprise Park, and the Benin Inland Container Depot/Dry Port, among other...

March 26, 2022 No Responses

Obaseki Explains $500m Oil Palm Investment In Edo

The infusion of $500 million in investment into the development of oil palm estates and plantations has given a new lease of life to the Edo State’s agricultural sector. This was disclosed by the Edo State Governor, Mr. Godwin Obaseki,...

March 25, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Commissioner for Agriculture and Food Security in Edo, Stephen Idehenre, says the state has attracted about $531.2 million from nine firms in the oil palm sector through the state oil palm programme. Idehenre made this known during the inauguration.....

March 23, 2022 No Responses

Buhari: Dangote Fertiliser Plant To Boost Forex Earnings, Economic Growth

The $2.5billion Dangote Fertiliser Plant in Ibeju Lekki, Lagos, will boost Nigeria’s foreign exchange earnings and accelerate economic growth, President Muhammadu Buhari has said Inaugurating the three million metric tonnes per annum urea production pl...

March 19, 2022 No Responses

IWD: Orakwusi, Ezenwa To Host 2022 MMS Amazons

The Chairperson, Nigerian Ship Owners Forum, Barr. Mrs. Margaret Orakwusi and a former Managing Director of the National Inland Waterways Authority (NIWA), Mrs. Chinwe Ezenwa will play hosts at the celebration of the 2022 MMS Sustainable Amazons, in Lagos, nex...