Economy – Page 268 – City Business News

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 period, FSD Africa, a UK Aid...

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...

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 developm...

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...