Economy Archives — Page 242 of 256

November 16, 2016 No Responses

Ministry to recover un-remitted N450B from CBN, SEC, NAFDAC, others

The Federal Ministry of Finance has raised a committee to recover unremitted operating surpluses of agencies of government, running into N450billion. The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, is to reconcile the operating...

November 15, 2016 No Responses

Inflation hits 18.3 %

The National Bureau of Statistics (NBS) in a report released on Monday in Abuja said Consumer Price Index (CPI) increased to 18.3 per cent (year-on-year) in October from 17.9 per cent recorded in September. The CPI, which measures inflation, is...

November 13, 2016 No Responses

FG spends N750B for infrastructure development in five months, says Minister

As part of measure to reposition Nigeria’s economy, the Federal Government in the last five months mobilized not less than N750 Billion for infrastructure development. Speaking in Lagos on Saturday at the 2016 Wealth Creation Platform organized by KICC...

November 12, 2016 No Responses

‘Nigeria has political will to drive sustainable tourism’

The Minister of Information and Culture, Alhaji Lai Mohammed, said the Federal Government has demonstrated that it has the political will to drive sustainable tourism in the country, Speaking at a panel of African Ministers of Tourism, who met on the sid...

November 7, 2016 No Responses

Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo

All is now set for business leaders from the South West to hold Economic Summit in Ibadan, Oyo State between November 18 and 25, 2016. The gathering is expected to identify challenges confronting the region and how to overcome...

November 7, 2016 No Responses

Shareholders should take advantage of recession, says Oderinde

The Proactive Shareholders Association of Nigeria (PROSAN) has advised members to take advantage of the present economic recession in Nigeria. Addressing members during a meeting in Ibadan, Oyo State, the National Coordinator of PROSAN, Taiwo Oderinde e...

November 4, 2016 No Responses

WFE names new board officers

At the 56th General Assembly in Cartagena on Thursday, the World Federation of Exchanges (WFE) appointed three new officers of the Board, in line with the organisation’s customary geographical rotation of officers every two years. The new officers of...

November 3, 2016 No Responses

How to grow liquidity in emerging market exchanges, by Arunma Oteh, others

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers on Wednesday in Cartagena, Colombia held a roundtable to discuss how best to grow liquidity in emerging market exchanges. The session which form part ...

November 2, 2016 No Responses

Experts task FG on threat to Nigeria’s cassava industry

Experts in cassava research have identified low productivity of cassava roots as major threat to Nigeria’s cassava industry. According to the Researchers, the development if not curtailed could impede gains made in the sector, thereby putting Nigeria at ri...

November 1, 2016 No Responses

Fidelity Bank declares N110.3B gross earnings in nine months

For the nine months ended September 30, 2016, Fidelity Bank Plc attained N110.3 Billion gross earnings, indicating three per cent increase when compared to its previous N107 billion. Also within the period, deposit increased by 3.4 per cent to N795.6...

November 1, 2016 No Responses

NSE Photo News

L – R shows Oscar N. Onyema, OON, President African Securities Exchanges Association (ASEA) and Chief Executive Officer, The Nigerian Stock Exchange (NSE) with Kevin Moore, Director Global Business Development, Chartered Institute for Securities & Inves...

October 31, 2016 No Responses

TUC faults Senate on amendments to CCB/CCT Act

The Trade Union Congress (TUC) of Nigeria at the weekend condemned amendments to the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT) Act by the National Assembly. In a statement titled: “Lawmakers: Self-Serving laws cannot...

October 31, 2016 No Responses

CBN to sanction fraudulent bank customers

Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director,...

October 30, 2016 No Responses

Guinness Nigeria explains six per cent increase in revenue

Guinness Nigeria has announced 6 per cent increase in revenue for the first quarter of its financial year ended 30 September 2016. The company attributed the increase partly to contributions from its new mainstream and international premium spirits busi...