Economy – Page 256 – City Business News

February 17, 2020 No Responses

CBN Seeks Land For Nestle, WAMCO, L&Z To Build Dairy Factories In FCT

The Central Bank of Nigeria (CBN) has appealed to Federal Capital Territory Administration to allocate land to some companies to build dairy factories, in furtherance of its policy to develop the nation’s economy.The CBN Governor, Mr Godwin Emefiele, made the...

February 17, 2020 No Responses

NSE Records N96b loss

Transactions on the floor of Nigeria Stock Exchange (NSE) opened the week on Monday still on a negative mood as sell-off in high capitalised stocks dragged the All-Share Index (ASI) further down by 0.67 per cent.Specifically, the All-Share Index dipped...

February 13, 2020 No Responses

NSC Joins NISER Joint Action Committee

The Nigerian Institute of Social & Economic Research (NISER) has included Nigerian Shippers’ Council (NSC) in its Joint Action Committee to aid information gathering on research -based matters relating to the Council’s regulatory role.NISER made this k...

February 12, 2020 No Responses

Kurfi Projects Double Digit Growth For Nigerian Stock Market In 2020

Seasoned capital market operator, Malam Garba Kurfi, on Wednesday expressed optimism that the Nigerian equities market would witness double digit growth in 2020.Kurfi, the Managing Director, APT Securities and Funds Ltd., stated this at the Capital Market Corr...

February 11, 2020 No Responses

Milk Importation: CBN Clears Nestle, Promasidor, Four Others

The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives.The CBN made this known in a circular issued by the Director, Trade and Exchange Department, Dr....

February 10, 2020 No Responses

SON Seals 13 Steel Firms In Lagos, Ogun, Abia, Others

The Standards Organisation of Nigeria (SON) has sealed 13 steel factories across the nation for standards infractions.The SON task force on steel Chairman, Mr Enebi Onucheyo disclosed this on Monday while speaking with Journalists in Lagos.Onucheyo, said the c...

February 10, 2020 No Responses

Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019...

February 9, 2020 No Responses

NPA Revokes LADOL’s Land Lease Agreement

The Nigerian Ports Authority (NPA) has sanctioned the Lagos Deep Offshore Logistics Base (LADOL) for violating the terms of the land lease at Tarkwa Bay, near Light House Beach in Lagos.This, it claimed, was part of the efforts to boost...

February 6, 2020 No Responses

Abiodun Receives Airtel Management Team, Lauds Support For Security Trust Fund

The Governor of Ogun State, Prince Dapo Abiodun, has commended leading telecoms operator, Airtel Nigeria, for partnering with the Ogun State Security Trust Fund (OSTF) to ensure the safety of lives and property across the State.Abiodun who was speaking during....

February 5, 2020 No Responses

Demutualisation: NSE to hold Court-Ordered Meeting

Ahead of its demutualisation exercise, the Nigerian Stock Exchange (NSE) is set to hold a Court-Ordered Meeting with its members on March 3, 2020.The notice of the meeting obtained by the News Agency of Nigeria (NAN) in Lagos stated that...

February 5, 2020 No Responses

Nigeria To Stop Fish Importation

As part of effort to encourage local production, Nigeria may stop fish importation in 2020. The Minister of Agriculture and Rural Development, Sabo Nanono made this known while receiving a delegation from the National Fish Association of Nigeria (NFAN) led...

February 3, 2020 No Responses

Finance Act Represents Landmark Achievement For Nigerian Capital Market‘

By Citybusinessnews@yahoo.com The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema on Monday described the signing of the Finance Bill into law as a landmark achievement for the Nigerian Capital Market.In a welcome address at a symposi...

February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...

February 2, 2020 No Responses

Nigeria Proposes 10, 000 Tractors For Farmers

The Federal Government has concluded plans to distribute over 10, 000 tractors and inputs to farmers in the 774 Local Government Areas. The Minister of Agriculture, Sabo Nanono, made the disclosure when he paid a courtesy visit to the Emir...