Economy – Page 225 – City Business News

December 9, 2021 No Responses

Housing Deficit: SEC Pledges Collaboration With Stakeholders

The Securities and Exchange Commission (SEC) has pledged to collaborate with relevant stakeholders on real estate investments in as part of measures to curtail housing deficit in the country. Director-General of the SEC, Mr. Lamido Yuguda made the pledge during a...

December 7, 2021 No Responses

AMCON To Publish Debtors’ List In January

The Asset Management Corporation of Nigeria (AMCON) has concluded arrangements to publish the full list of the names of individuals, institutions as well as their Directors on its Non-Performing Loans (NPLs) portfolio in national newspapers. The Chairman...

December 7, 2021 No Responses

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...

November 29, 2021 No Responses

Obaseki Commissions 5,400mt Per Annum Cashew Factory

Edo State Governor, Mr. Godwin Obaseki has tasked youths to embrace opportunities in the agriculture value chain by deploying innovative ideas to initiate and develop agribusiness projects. Obaseki made the submission after commissioning a 5,400mt per an...

November 25, 2021 No Responses

Minister Urges Capital Market Investors To Take Advantage of Master Plan Initiatives

Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development. Minister of Finance, Budget and National Planning, Mrs Z...

November 23, 2021 No Responses

Nigeria Targets $1.2b Export Capacity For States

The National Action Committee, African Continental Free Trade Agreement (AfCFTA) has emphasised the need to cascade down its activities to the subnational level with state governments playing a major role. Secretary of the committee, Mr Francis Anatogu, ...

November 23, 2021 No Responses

FG Disburses N56b To MSMEs

The Federal Government has disbursed N56.84 billion to 835,161 beneficiaries under the MSME Survival Fund scheme. The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, disclosed this at the opening of the 13th Meeting of t...

November 19, 2021 No Responses

FG Approves N656b Budget Support Facility For States

President Muhammadu Buhari has approved N656 billion Bridge Financing Facility for the 36 States. Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on Thursday at a virtual NEC meeting presid...

November 18, 2021 No Responses

Nigeria To Allocate $200m For Creation Of 780 Agric Service Centres

The Vice President, Prof. Yemi Osinbajo, says the Federal Government is to allocate $200 million for the creation of 780 Agricultural Service Centres to serve as catalysts for training and equipment sharing, under the Nigeria-Brazil bilateral development progr...

November 17, 2021 No Responses

NGX Tasks Investors On Portfolio Diversification

The Nigerian Exchange Ltd (NGX) has stressed the need for diversification of portfolios by investors to ensure enhanced return on investment. The Divisional Head, Trading Business, NGX, Mr Jude Chiemeka, said this at the Retail Investors workshop organis...

November 14, 2021 No Responses

Osinbajo Harps On Unity, Strategic Leadership

At this point in Nigeria’s history, the nation needs a new generation of strategic leaders that will take the country speedily to the next level of development, Vice President, Yemi Osinbajo has said.Osinbajo stated this in Abuja, on Saturday, at the...

November 12, 2021 No Responses

EFCC Detains Lucky Igbinedion Over Alleged N1.6b Fraud

The former governor of Edo State, Mr Lucky Igbinedion, is currently being grilled by operatives of the Economic and Financial Crimes Commission, (EFCC) over what a source described as alleged criminal diversion of public funds to the tune of N1.6bn. ...

November 11, 2021 No Responses

Cititrust Holdings Repositions, Explains Agenda

As part of measures to enhance growth, Cititrust Holdings Plc has divested its 100 percent equity holdings in Cititrust Financial Services Plc. A statement issued by Cititrust Holdings on Wednesday explained that the decision was taken after considering that...

November 9, 2021 No Responses

SEC Nigeria Reiterates Commitment To Green Economy

The Securities and Exchange Commission (SEC) has stated that it will continue to strive to deliver coordinated and coherent policy advice, capacity building and regulatory support to build the momentum for a green economy. Green fi...