Economy – Page 269 – City Business News

January 31, 2018 No Responses

N8b CBN currency scam case resumes as EFCC explains missing N900m

Mr Saliu Kadri, one of the EFCC investigators in the alleged N8 billon CBN currency scam case, on Tuesday said that the accused persons breached normal procedures at the Ibadan branch of the apex bank Testifying before Justice Joyce AbdulmaleeK of the Federal High Court...

January 30, 2018 No Responses

FG inaugurates tomato monitoring team

Hajia Aisha Abubakar, the Minister of State, Industry, Trade and Investment, on Monday inaugurated a tomato monitoring team to oversee the implementation of government policy to boost production of fresh tomato fruits. She said at the event in Abuja that...

January 30, 2018 No Responses

Oando: Shareholders reiterate call for forensic audit

As Nigerians and the international community await the outcome of the proposed forensic audit on Oando Plc, more shareholders have advised the emir of Kano, Muhammadu Sanusi, to desist from interfering in ongoing efforts to unravel the root causes of...

January 24, 2018 No Responses

Oando: Shareholders fault Sanusi’s intervention

The reported intervention of the Emir of Kano, Muhammadu Sanusi in the face-off between Oando Plc and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC), the Oando Shareholders Solidarity Gro...

January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...

January 23, 2018 No Responses

Mining: FG engages Revenue Consultants

The Federal Government has engaged the services of about 100 revenue consultants to work on areas of leakages in the revenue accrued from the mining sector, with a view to shoring up earnings from the sector. The consultants, who would...

January 22, 2018 No Responses

CBN explains inability to hold MPC meeting for January

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele...

January 19, 2018 No Responses

How to restructure, put NIPOST on profitable path, by BPE

The planned restructuring and modernisation of the Nigerian Postal Service (NIPOST) will lead to its unbundling to have stand alone business components that will project the NIPOST brand, provide efficient service and be put on a profitable path. This was....

January 19, 2018 No Responses

SEC extends e-dividend free registration to February 28

As part of its developmental role, the Securities and Exchange Commission (SEC) has announced an extension of the period for the FREE e-Dividend registration exercise till February 28, 2018, to encourage more shareholdersmandate their Bank Accounts Ac...

January 19, 2018 No Responses

WFE unveils best practice guidelines for cyber security compliance

The World Federation of Exchanges (WFE) on Thursday published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance. The paper takes a behavioural approach to the issue, as evidence.....

January 18, 2018 No Responses

CBN unveils agenda to push tomato, cocoa, palm oil production in 2018

The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018. The CBN Governor, Mr Godwin Emefiele, disclosed this when he visited...

January 18, 2018 No Responses

AfDB in Nigeria’s development

By Salisu Na’inna Dambatta – As President Muhammadu Buhari commissions the modern office of the African Development Bank (AfDB) in Nigeria on January 18, 2018, it is pertinent to refresh our memories of the relationship between Nigeria and the...

January 17, 2018 No Responses

Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap & Outlook for 2018 on Tuesday, January 16, 2018, at the Stock Exchange House, Lagos. This annual event is a forum for the Chief Executive Officer of NSE, Mr....

January 16, 2018 No Responses

CBN injects $210m into foriegn exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communic...