Economy – Page 263 – City Business News

October 25, 2018 No Responses

Nigeria Projects N8.73trillion For 2019 Budget

Nigeria has projected N8.73 trillion for 2019 budget, about N400 billion less than the N9.12 trillion for 2018. Under the arrangement, oil benchmark assumption has been pegged at $60 by the Federal Executive Council (FEC), which also on Wednesday...

October 22, 2018 No Responses

SEC: Vibrant Commodities Exchange Will Aid Economic Development

The Securities and Exchange Commission (SEC) has said that a more organized Commodities Exchange Market in the country would enhance efficiency and lead to economic growth and development. The Ag. Director General of SEC, Ms. Mary Uduk stated this when she....

October 13, 2018 No Responses

Delta Explains N51billion IGR

Governor Ifeanyi Okowa of Delta on Friday disclosed that the state’s annual Internally Generated Revenue (IGR) has hit N51 billion. The governor stated this at the 14th All Nigeria Editors Conference in Asaba. According to him, the IGR was as...

October 12, 2018 No Responses

Nigeria Targets $22b Foreign Investments In Two Years

The Nigeria Government will attract $22 billion private sector investments through the Economic Recovery and Growth Plan (ERGP) “Focused Laboratories” in two years, Budget and National Planning Minister, Senator Udoma Udo Udoma has said. According to th...

October 1, 2018 No Responses

FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth

Nigeria’s Securities and Exchange Commission (Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets. Under the arrangement, over a three-year ...

September 19, 2018 No Responses

CBN Acquires 2.4b FG’s Shares In NSPM

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN. The ceremony was chaired...

September 16, 2018 No Responses

Nigeria Govt Faults HSBC Report

The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled...

September 5, 2018 No Responses

‘Nigeria’s Partnership With China Generates $5b Projects’

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. Preside...

August 27, 2018 No Responses

Ijelu Mining, Makerere Capital Partner Canada Limited On Financing, International Partnership

Ijelu Mining and Construction Nigeria Limited in association with Makerere Capital Partners Canada Limited of Toronto are co-sponsoring a Strategic Alliance Summit (SAS) during the Africa Accelerating event from the 22nd to 26th October, 2018 in Canada; toward...

August 25, 2018 No Responses

Nigeria Lifts Forex Market With $543m, CNY 63m

In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At the...

August 21, 2018 No Responses

WFE Proposes Enhancements To Financial Stability Board’s Cyber Lexicon

The World Federation of Exchanges (WFE), has published its response to the Financial Stability Board’s (FSB) Cyber Lexicon Consultation. The FSB’s document – a draft glossary of common terms related to cyber security and cyber resilience –...

August 18, 2018 No Responses

Naira Gains 40k Against Dollar At Parallel Market

The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change (BDC)...

August 15, 2018 No Responses

SNEPCo Seeks Diversification Roadmap

The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has harped on economic diversification as a panacea for job creation and rapid economic growth of Nigeria. He spoke at the just-concluded annual conference and ex...

August 14, 2018 No Responses

Robin Sanders Endorses 2nd U.S.-Nigeria AgriBusiness Investment Summit

Ambassador Robin Renee Sanders, former U.S. Ambassador to Nigeria, ECOWAS, Republic of Congo, former Africa Director at the National Security Council at the White House; and current CEO of FEEEDS Advocacy Initiative & FE3DS, LLC has addressed a Goodwill me...