Economy – Page 229 – City Business News

February 1, 2021 No Responses

Strategic Role Of Maritime Transport Policy To Nigeria’s Blue Economy, By NPA MD

Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has identified the National Maritime Transport Policy as key to unlocking the huge potential and vast opportunities in the nation’s blue economy. Bala-Usman said this in a statement Ibrahim Nasiru, NPA Assistant...

January 1, 2021 No Responses

Diri:We’ll Diversify Bayelsa Economy In 2021, Create Jobs

Governor of Bayelsa State, Douye Diri has pledged the commitment of his administration todiversify the state’s economy as part of measures to reduce total dependence on federal allocations in 2021. The governor made the remarks in hi...

December 28, 2020 No Responses

China Declares $7.77b Auto Export In November

China’s automobile imports and exports expanded further in November, according to data released by the China Association of Automobile Manufacturers (CAAM). Last month, the import and export volume of automobile commodities totaled 16.3 billion U.S. dollars,...

December 12, 2020 No Responses

Tony Elumelu Foundation Partners EU On Economic Empowerment For 2,500 African Women In 2021

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy committed to empowering young African entrepreneurs, has announced a partnership with the European Union to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021.&nbs...

December 7, 2020 No Responses

Experts Proffer Leeway For Post COVID-19 Nigerian Economy

For the Nigerian economy to survive the negative impact of COVID-19 pandemic, some stakeholders in the financial market have offered solutions that would help boost the economy. Speaking at the weekend in Lagos, Uche Uwaleke, a Financial Economist and a....

November 25, 2020 No Responses

Report: India’s Economy To Return To Normal Faster Than Expected

Barclays lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from an earlier projection of 7%, saying the country would “return to normal” faster than expected as the COVID-19 curve in the world’s second-most populous nat...

October 17, 2020 No Responses

Lee Engineering Boss Seeks Import Duty Waiver, Tax Relief For Indigenous Fabrication Firms

Executive Chairman, Lee Engineering, Dr Leemon Ikpea, has appealed to the Federal Government to grant import duty waiver and tax relief for indigenous fabrication companies as part of measures to support the government in job creation and boost the eco...

October 17, 2020 No Responses

Ganduje At NSC, Implores FG On Rail Extension To Dala Inland Port

Governor of Kano State, Abdullahi Ganduje has called on the Nigerian Shippers’ Council (NSC) to follow up with the Federal Ministry of Transportation to declare Dala Inland Dry Port as a destination port. Ganduje made the call when he visited...

October 14, 2020 No Responses

FEC Boosts NRC‘s Security With N1.28b Equipment, N22b For Apapa-Oworonsoki-Ojota Road

The Federal Executive Council (FEC) has approved N1.28billion for the purchase and installation of security equipment at seven stations of the Nigerian Railway Corporation (NRC) along Abuja-Kaduna-Kano lines. The Minister of Transportation, Mr Rotimi Amaechi, ...

October 14, 2020 No Responses

CBN Warns Shipping Lines, Shippers On Export Proceeds Numbers

Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of...

September 30, 2020 No Responses

Report: Violence Against Women Costs Lesotho Economy $113m Annually

A Commonwealth report has revealed violence against women and girls costs Lesotho more than $113 million (about 1.9 billion Lesotho loti) a year. The report estimates the total cost, including loss of income and expenses associated with medical, lega...

September 23, 2020 No Responses

SON Certifies 21 Manufacturers

The Standards Organisation of Nigeria (SON) ) has certified 13 manufacturers in the Federal Capital Territory (FCT) for maintaining consistency in the quality of their products. SON FCT Coordinator, Mr Gambo Dimka, said this at the organisation’s “Manda...

September 23, 2020 No Responses

Nigeria Mulls Tax Holiday For Maritime Sector

As part of measures to stimulate investment and boost activities in the maritime industry, amid the downturn induced by COVID-19, the Federal Ministry of Transportation is seeking a package of tax incentives for the sector. Director-General of the Nigeri...

September 23, 2020 No Responses

Market Capitalisation Sustains Growth By N67b

The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474...