Economy – Page 262 – City Business News

April 28, 2019 No Responses

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned review is concluded in record time. Acting Director General of SEC Nigeria, Ms. Mary Uduk...

April 22, 2019 No Responses

Palm Oil Producers Lament Smuggling, Petitions Buhari

Citing alleged illegal entry of Crude Palm Oil (CPO) into Nigeria, the National Palm Produce Association of Nigeria (NPPAN) has forwarded a petition to President Muhammadu Buhari. In the petition jointly signed by Mr. Dele Olanubi, NPPAN Ambassador, Mr. Bolari...

April 20, 2019 No Responses

Easter: FRSC Boss Seeks Attitudinal Change

As Nigeria joins the rest of the world to observe this year’s E8aster celebration, the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has called for deep reflection by Christian faithful on the need to show...

April 18, 2019 No Responses

Air Peace Deploys B777 For Easter Operations

As part of activities for its Easter Operations, Air Peace on Thursday deployed Boeing 777 aircraft for domestic operations. The aircraft is scheduled for the Port Harcourt-Abuja and Abuja-Port Harcourt routes on Eas...

April 17, 2019 No Responses

Emefiele Deserves Kudos For His Focused Commitment To The Economy

By Chika Madubuike-Onuora – Resolutely navigating turbulent seas spawned by a mix of micro and macro-economic triggers, the nation’s apex bank – Central Bank of Nigeria (CBN) led by Dr. Godwin Emefiele – has provided circumspect, stabilizin...

April 16, 2019 No Responses

NPA Board Members Decry Condition Of Port Access Road

Board Members of the Nigerian Ports Authority (NPA) have added their voice to the perennial traffic gridlock on road leading to Port in Apapa and Tin-Can Island.While assuring that the Board would continue to identify with all efforts to find...

February 6, 2019 No Responses

Atiku Reiterates Pledge To Revamp Economy

The Presidential Candidate of the Peoples Democratic Party (PDP), Atiku Abubakar on Tuesday in Bauchi reiterated his pledge to revamp the country’s economy if elected president. Addressing people of the state during his party’s political rally, Atiku said ...

January 26, 2019 No Responses

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN) on Friday injected 289.76 million dollars in the retail Secondary Market Intervention Sales (SMIS). The CBN also intervened to the tune of 38.70 million Chinese Yuan in the Spot...

January 10, 2019 No Responses

Korea To Collaborate With Nigeria On Economic Development Goals

The Republic of Korea has pledged to continue effective collaboration with Nigeria to ensure the nation attains its economic development goals. Ambassador of the Republic of Korea, Mr. Intae Lee stated this in a goodwill message at the official opening.....

December 24, 2018 No Responses

Hurdles To ECOWAS Single Currency, By Minister

The Chairman of the ECOWAS Council of Ministers, Mr Geoffrey Onyeama says achieving the ECOWAS Single Currency by 2020 will be a challenge. Onyeama said this while responding to questions from newsmen at the end of the 54th Ordinary Session...

November 14, 2018 No Responses

CBN Boosts Forex Market With $210m

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in...

November 6, 2018 No Responses

Naira Appreciates Against Dollar

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday. Market turnover at the investors’ window stood at 231.24 million dollars, higher than 226.35 million dollars...

November 5, 2018 No Responses

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...

October 28, 2018 No Responses

Strategic Role Of Entrepreneurship In Africa’s Economic Development, By Elumelu

5,000 African entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem convened in Lagos on Thursday, October 25, 2018 for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum. The event which is the largest gather...