Economy – Page 264 – City Business News

August 2, 2018 No Responses

Buhari: No Development Without Stability

Development is usually the first casualty in an unstable polity, says President Muhammadu Buhari. The President made the declaration Wednesday while receiving President Adama Barrow of The Gambia at State House, Abuja. “The best route to national development is...

July 31, 2018 No Responses

Buhari Seeks Increased Inter-Regional Collaboration

President Muhammadu Buhari Monday in Lome made a strong appeal for inter-regional collaboration on maritime security, the fight against terrorism and other crimes through effective border control. The President made the call while contributing to the conside...

July 31, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed...

July 24, 2018 No Responses

Osinbajo Implores Capital Market On Economic Growth, Development

Vice President Yemi Osinbajo has said that for investors to take advantage of government’s incentives and improved business environment, there needs to be availability of medium to long term capital in the form of bonds, equity and loans. The necessity...

July 18, 2018 No Responses

NBS Implores Respondents On MSMEs Survey

The Statistician-General of the Federation, Dr Yemi Kale has appealed to all selected respondents to provide information for the ongoing Micro, Small and Medium Enterprises (MSMEs) survey in the country. The survey is being carried out by the National ...

July 18, 2018 No Responses

Djibouti Insists On Free Trade Zone

Djibouti Ports and Free Zones Authority (DFPZA) stood up against DP World’s claims that the opening of the Chinese-built Djibouti International Free Trade Zone (DIFTZ) was against the port operator’s exclusive contractual rights. The duo has embroiled in...

July 16, 2018 No Responses

SEC Reiterates Support For Capital Market

The Securities and Exchange Commission, SEC has restated its dedication to collaborate with relevant stakeholders to further develop and deepen the capital market. The Ag. Director General of the Securities and Exchange Commission, SEC, Ms Mary Uduk ...

July 11, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in various segments of the market. The CBN acting Director, Corporate Communications, Mr Isaac Okoroafor sai...

July 7, 2018 No Responses

Tony Elumelu Pledges N500m For Delta Entrepreneurship Scheme

Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu, CON has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of Delta State. He made the pledge after presenting 50 beneficiar...

June 27, 2018 No Responses

Buhari Inaugurates Calabar Automated Rice Seed, Seedling Factory

President Muhammadu Buhari on Tuesday inaugurated the Calabar automated rice seed and seedling factory. The factory was one of the projects inaugurated by the president during his visit to Cross River. During the inauguration, Buhari said he was in Calabar...

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...

June 20, 2018 No Responses

FG Explains N1.580Trillion Capital Cost To MDAs

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to M...

June 20, 2018 No Responses

Naira Converges At N360 To Dollar

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria(NAN) reports. At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before...

June 14, 2018 No Responses

Naira Firms Up Against Dollar At Parallel Market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on...