Economy – Page 267 – City Business News

March 16, 2018 No Responses

Industrial Park: NEXIM Bank offers Edo N553b Funding Window

The Nigerian Export-Import (NEXIM) Bank has thrown its weight behind the Benin Industrial Park project with three funding windows running into N553 billion and building of local capacity to meet export standards. The management of NEXIM bank led by its...

March 15, 2018 No Responses

Okomu Oil Palm Unveils 11,400ha Plantation, Targets 2,000 Jobs

Okomu Oil Palm Plc has commissioned 11,400 hectare of oil palm plantation covering over 10 communities in Edo State. The commissioning of the plant held on Wednesday, at the Okomu Extension 2 Plantation in Ovia South West Local Government Area,...

March 15, 2018 No Responses

Experts To Share ‘Game Changers’ In Cassava Farming Systems With Policymakers

The IITA Cassava Weed Management Project and the Building an Economically Sustainable Integrated Seed System for Cassava (BASICS) project will share results of research in weed management and seeds systems in cassava this month. The unveiling of the scientif...

March 14, 2018 No Responses

Adeosun Seeks More Technical, Institutional Support for West Africa

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open...

March 14, 2018 3 Responses

Nwankwo Tasks African Countries On Economic Transformation Through Debt Financing

Former Director General of the Debt Management Office (DMO) in Nigeria, Dr Abraham Nwankwo, has advised African leaders to initiate robust macroeconomic, transformation plans to drive debt-financed sustainable economic growth and prosperity. Speaking on the ...

March 13, 2018 No Responses

Financial Fraud: Group Seeks Protection For Ageing Investors

The Board of the International Organization of Securities Commissions on Monday published a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. T...

March 13, 2018 No Responses

NSE Market Capitalisation Drops By N105B

Trading on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a drop of 0.26 per cent due to price depreciation of some blue chips. The All-Share Index dipped 111.35 points or 0.26 per cent to close...

March 12, 2018 No Responses

Nigerians To Pay More For Alcoholic Drinks, Cigarettes

President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, 4th June, 2018. Under the newly approved excise duty rates for tobacco, in addition to the 20 per...

March 2, 2018 No Responses

WFE, 59 Stock Exchanges To Ring Gender Equality Bell

For the fourth year, a global collaboration across 59 stock exchanges around the world on Fridayconcluded plan to ‘Ring the Bell for Gender Equality’ to celebrate International Women’s Day onThursday, March 8, 2018. The events are a partnership b...

March 2, 2018 No Responses

Adeosun: FG to name, shame, prosecute tax evaders from March 31

The Federal Government is ready to prosecute, name and shame tax evaders that fail to utilise the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS), to regularise their tax profiles, the Honourable Minister of Finance, Mrs. Kemi...

March 1, 2018 No Responses

Reps To Probe Alleged Malpractice In Nigerian Capital Market

The House of Representatives on Wednesday resolved to investigate the alleged stagnation of some publicly-quoted companies, especially insurance firms listed on the Nigerian Stock Exchange (NSE). This followed a motion by Rep. Femi Fakeye (Osun-APC), who ex...

March 1, 2018 No Responses

Odundo, CEO, Nairobi Securities Exchange Unveils Agenda For Green Bonds, Derivatives In 2018

The World Federation of Exchange (WFE) in Its February Publication is pleased to feature a Q&A with Geoffrey O. Odundo, CEO, Nairobi Securities Exchange (NSE), one of the WFE’s newest members. QUESTION: The WFE welcomed NSE as a full...

March 1, 2018 No Responses

Akwa Ibom Approves N573m To Boost Cassava Production

The Akwa Ibom Executive Council has approved N573 million for the production and processing of cassava to boost food production in the state. The State’s Information and Strategy Commissioner, Mr Charles Udoh, disclosed this on Wednesday in Uyo while briefin...

March 1, 2018 No Responses

‘Importance Of Money Matters For Children, Youth

Global Money Week (GMW), a CYFI initiative, is an annual money awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship. The event started as a Child Finance Day & Week in 2012...