Economy Archives — Page 246 of 256

September 12, 2016 No Responses

FG intensifies consultations on issuance of Green Bond

The Federal Government has commenced consultation with capital market stakeholders on the issuance of Green Bond. According to the Minister of Environment, Amina Mohammed, the process is expected to contribute to Nigeria’s development. Already, the Federal Ministry of...

September 9, 2016 No Responses

Buhari unveils ‘change begins with me’ campaign

President Muhammadu Buhari has described the new National Orientation Programme, Change Begins With Me, as a determination of his administration to carry all Nigerians along. Speaking at the unveiling of the programme in Abuja, Buhari decried the alleged er...

September 7, 2016 No Responses

‘Nigeria begins visa on arrival for foreign investors soon’

As part of measures to encourage foreign investors, the Federal Government is to commenece issuance of Visa at point of entry into Nigeria. According to the Vice President, Prof Yemi Osinbajo, the development is expected to curtail perceived bureaucratic b...

September 7, 2016 No Responses

FG task banks on fight against corruption, terrorism

The Federal Governmet has challenged financial services sector in Nigeria to support ongoing efforts to tackle corruption, terrorism and money laundering in Nigeria. Speaking at the 10th Annual Banking and Finance Conference in Abuja, President Muhammadu Bu...

September 6, 2016 No Responses

LCCI holds 2016 members day exhibition

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the...

September 6, 2016 No Responses

ILO seeks support for commitment of G20 to tackle inequality

The Director General of International Labour Organisation (ILO), Guy Ryder has urged leaders to accelerate inclusive development to respond to growing employment and equality challenges. He also welcomed the commitment taken by G20 leaders to tackle ris...

September 6, 2016 No Responses

WFE reiterates partnership with IOSCO, G20 nations

The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations. Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Dist...

September 5, 2016 No Responses

Tincan Island Port generates N26.2 Billion in August

For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue. According to the command, the figure represents a positive signal “going by the indices of the previous month”. It will...

September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines which empowers foreigners to invest in short-term debts and securities. Under the arrangement, foreigners can now invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...

September 2, 2016 No Responses

NECA blames recession on inadequate policies

The Nigerian Employers Consultative Association of Nigeria (NECA) has blamed Nigeria’s ongoing economic challenges on inadequate policy direction on the part of the present administration. President of NECA, Mr Larry Ettah, in his address at the Associati...

September 2, 2016 No Responses

Elumelu seeks stronger business tiers between Africa, France

The chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu has called for stronger business relationship between Africa and France. Speaking at the MEDEF Summer University Forum in Paris , Elumelu who is also founder of...

September 2, 2016 No Responses

No going back on new minimum wage, says NLC

The Nigeria Labour Congress (NLC) yesterday called on the Federal Government to reconstitute the tripartite committee to negotiate a new minimum wage in view of the current economic recession facing the country. Speaking at 59th Annual General Meeting, NL...

September 1, 2016 No Responses

Airtel, Nestle CEOs list modalities for improved GDP

The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos. Some Chief Executive Off...

September 1, 2016 No Responses

Nigeria’s GDP Contracts 2.06% as NBS confirms recession

The National Bureau of Statistics (NBS) confirmed on Wednesday that Nigeria has entered the recession bracket. The situation is further compounded as the country continues to records job losses occasioned by sustained drop in the price of crude oil...