Economy – Page 267 – City Business News

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, stabilizing guidance which is...

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...

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...