Economy Archives — Page 225 of 230

July 19, 2016 No Responses

Anxiety as inflation hits 16.5 per cent

By Moses Ebosele – Economic challenges confronting Nigeria assumes more disturbing dimensions as the Consumer Price Index (CPI) increased to its highest point of 16.5 per cent since 2005. The report released by the National Bureau of Statistics (NBS)...

July 19, 2016 No Responses

New NPA boss harps on improved revenue generation

By Moses Ebosele – The Nigerian Ports Authority (NPA) will strive for enhanced operating efficiencies to facilitate improved revenue generation and inflows into the national treasury, newly appointed Managing Director, Hadiza Bala-Usman has said. ...

July 19, 2016 No Responses

Presidency pledges full complince with fiscal responsibility act

The Federal Government has reiterated its resolve to fully comply with the provisions of the Fiscal Responsibility Act and other extant laws as they relate to the submission of budget proposals to the National Assembly. Presidential spokesman, Garba Shehu.....

July 18, 2016 No Responses

Investors stake N3.8b on three banks in one week

By Moses Ebosele – For the week ended July 15, 2016, transactions in FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc accounted for 353.999 million shares worth N3.867 billion in 4,188 deals. At the end of...

July 18, 2016 No Responses

NCC remits N70b into federation account

Between December 2015 and March 2016, the Nigerian Communications Commission (NCC), remitted N70 billion into the federation account. The amount according to a statement issued by the commission is in addition to the N30 billion paid by MTN Nigeria Communica...

July 18, 2016 No Responses

New NPA MD resumes today

By Moses Ebosele The newly appointed Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman is to formerly resume today, July 18th, 2016. City BusinessNews gathered yesterday that the immediate past Managing Director, Habib Abdullahi is...

July 18, 2016 No Responses

Aisha Buhari, Osinbajo, Awolowo, Elumelu, seek support for women entrepreneur

Leading African businessman and philanthropist, Tony O. Elumelu CON joined recently joined the First Lady of Nigeria, Mrs. Aisha Buhari, wife of the Vice President, Mrs. Dolapo Osinbajo, Nigerian Export Promotion Council (NEPC) Chief Executive Officer, Segun A...

July 18, 2016 No Responses

Skye Bank shares maintains slidding profile

By Moses Ebosele The shares of Skye Bank Plc has continued its free fall on the floor of Nigerian Stock Exchange (NSE). At the end of trading for the week ended Friday July 15, 2016, the Bank shares...

July 18, 2016 No Responses

SEC boss pledges to raise market participation

AS part of measures to deepen Nigerian capital market, the Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors. Speaking during a visit to the Federal Radio Corporation of Nigeria (FRCN) in ...

July 18, 2016 No Responses

‘How to curtail premature death through investment in Energy’

By Moses Ebosele Sustained investment in Energy could curtail premature deaths associated with air pollution by half in 2040. According to a report put together by International Energy Agency (IEA),each year an estimated 6.5 million deaths are linked ...

July 18, 2016 No Responses

G-20 Ministers pledge decent work, more job opportunities

By Moses Ebosele Labour and Employment Ministers from G-20 have agreed to advance decent work, enhance employability, and generate adequate job opportunities. At the end of a two-day meeting in Beijing, Chinese Minister of Human Resources and Social...

July 16, 2016 No Responses

Between practicality and new Jaguar F-PACE

By Moses Ebosele – Technically, the new Jaguar F-Pace Sports Utility Vehicle (SUV) is inspired by the sensational F-Type. Right from the bonnet to the rear, the signatures are similar. The F-PACE exhibits the DNA of a sports car. Information...

July 16, 2016 No Responses

Customers embrace 110,200 infiniti vehicles in six months

Infiniti finished the first half of 2016 with a new sales record. The company sold more than 110,200 vehicles, an increase of 7 percent over the same period last year. In the month of June, more than 19,300 vehicles were...

July 16, 2016 No Responses

Kia Motors declares 268,886 sales in June

By Moses Ebosele – For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a ...