Economy – Page 249 – City Business News

April 15, 2020 No Responses

Nigeria Reduces Price Of Fertilizer

The Federal Government has reduced the price of NPK fertilizer from N5,500 to N5,000 per 50kg bag.Announcing the develoment on Wednesday, Governor Muhamad Badaru of Jigawa, who is the Chairman, Presidential Fertilizer Initiative (PFI) explained in Dutse that the gesture...

April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...

April 14, 2020 No Responses

COVID 19: Buhari Lauds EU’s Donation Of N21b

President Muhammadu Buhari Tuesday in Abuja commended the European Union for donating the sum of N21 billion (50 million Euros) to support Nigeria’s efforts at controlling the spread of the coronavirus pandemic.Receiving the EU delegation to the country, led...

April 1, 2020 No Responses

SEC Nigeria To Firms: Publish Impact Of COVID-19 On Businesses

The Securities and Exchange Commission (SEC) has called on public companies to publish the impact of coronavirus on their business operations.SEC, in acircular dated March 31, and released in Abuja on Wednesday, advised the companies to publish the information...

April 1, 2020 No Responses

NSE Resumes April Trading With 0.94% Loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent.The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI) dipped199.93 points or 0.94 per cent to close...

March 31, 2020 No Responses

Lagos Extends Annual Returns Filing Deadline

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for Individual taxpayers, including self-employed persons, to May 31, 2020.The Chairman of LIRS, Mr Ayodele Subair, in a statement on Tuesday said that the.....

March 31, 2020 No Responses

Prudential Zenith Life Insurance Rolls Out COVID–19 Services

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.The new services include a range of additional COVID-19 insurance cover enhancement...

March 21, 2020 No Responses

Women Farmers Seek Land Use Act Review

Women farmers under the auspices of Smallholder Women Farmers Organisation in Nigeria(SWOFON) have called for review of the Land Use Act as part of measures to adequately protect their rights to own and control land. The President of the association,...

March 20, 2020 No Responses

Zenith General Insurance Partners MTN On Mobile Insurance Service In Nigeria

Zenith General Insurance Company Limited also known as Zenith Insurance has, in a trailblazing move, partnered with Telecommunications giant – MTN Nigeria to provide the first ever mobile insurance service in Nigeria.A statement explained that ssing the USSD...

March 20, 2020 No Responses

Electric Cars: NADDC Lauds Stallion Motors-Hyundai Initiative

By Moses Ebosele, ebosele@hotmail.com The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu,MFR, has commended resolve by the management of Stallion Motors-Hyundai to introduce electric cars in Nigeria before the e...

March 18, 2020 No Responses

COVID-19 Threatens 25m Jobs Worldwide

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO). However,ILO advocates an internationally coordinated pol...

March 18, 2020 No Responses

NNPC Explains PMS Price Adjustment

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.Effective 19th March 2020, NNPC Ex-Coastal price for PMS...

March 18, 2020 No Responses

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated...

March 18, 2020 No Responses

NNPC To Professionals: Find Solutions To Oil Industry Challenges

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.The Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge ...