Economy – Page 271 – City Business News

December 22, 2017 No Responses

UNIJOS, others acquire subsidiaries of Nigerian Mining Corporation

The National Council on Privatisation (NCP), at its 4th meeting for 2017,approved the privatisation of the remaining 5 (out of the 23) subsidiaries of the Nigerian Mining Corporation (NMC). The NCP approved the sale of Naraguta Bricks and Clay Company...

December 19, 2017 No Responses

Oando shareholders insist on forensic audit

Shareholders under the aegis of the Oando Shareholders Solidarity Group (OSSG) have faulted recent claims by the management of the company that it dragged the Securities and Exchange Commission (SEC) to court to protect shareholders’ interest. In a stat...

December 18, 2017 No Responses

Heritage Bank gets CBN’s sustainable banking award in agric

Heritage Bank has been bestowed with the inaugural Nigeria Sustainable Banking Award convened by the Central Bank of Nigeria (CBN) “For Sustainable Transaction of The Year in Agriculture.” The award which was in recognition of its outstanding success and l...

December 17, 2017 No Responses

Ogun begins mass production of ofada Rice

The Ogun State Government mass produced Ofada rice is to be ready for sale to the public this Christmas season in all the Local Government and Local Council Development Areas of the state. The MITROS Ofada Rice, which is...

December 15, 2017 No Responses

Microbiologist wins N5m Heritage Bank’s Sponsored Next Titan Season-4

A 22-year-old entrepreneur, Mr. Iyeh Kennedy has emerged winner of Season 4 of the Next Titan, Nigeria’s entrepreneurial reality TV show sponsored by Heritage Bank Plc, as headline sponsor. Kennedy is the MD of Blue Leaf Herbs and Spices which...

December 15, 2017 No Responses

NSE Photo News

L-R: Bola Adeeko, Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Aderemi A. Adetayo, Chief Executive Officer, Moving Media; Oscar N. Onyema, OON, Chief Executive Officer, NSE, His Excellency, Senator Ibikunle Amosun, Executive Governor...

December 14, 2017 No Responses

Researchers, policymakers to discuss cassava agronomy

Scientists across Africa and their colleagues in other parts of the world are meeting with policymakers in Tanzania under the auspices of the African Agronomy Initiative (ACAI) to discuss the progress made in the last two years in providing clues...

December 13, 2017 No Responses

CBN injects $210m into currency market

The Central Bank of Nigeria (CBN) said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. In a statement, the bank said it had released 100...

December 12, 2017 No Responses

Market capitalisation depreciates by N120b

Transactions on the floor of Nigerian Stock Exchange (NSE) on Monday commenced on a negative note as market capitalisation which opened at N13.672 trillion dropped by N120 billion or 0.89 per cent to close at N13.913 trillion. Also, the All-Share...

December 11, 2017 No Responses

Capital market operators implore CBN, SEC on single license

Capital market operators at the weekend in Lagos called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to access discount window. Speaking at the 2017 annual conference...

December 11, 2017 No Responses

APM Terminals unveils refrigerated truck transport

APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups is working to provide modern cold chain transportation alternatives for farmers in the agricultural centers of northern Nigeria as part of measures to br...

December 11, 2017 No Responses

Edo farmers, investors to get N500m Agric Credit

To provide guarantee for agribusiness investments in the state, the Edo State Government has partnered the Central Bank of Nigeria (CBN) to set up a N500 million Commercial Agricultural Credit Scheme (CACS). Governor of Edo State, Mr. Godwin Obaseki, reveale...

December 11, 2017 No Responses

Qatar stakes £6b on 24 eurofighter jets

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs. BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire. Qatar’s purchase of 24...

December 7, 2017 No Responses

World Bank to support power sector recovery agenda in Nigeria with $1b

The World Bank is to support Nigeria’s Power Sector Recovery Programme (PSRP) with not less than $1billion. In a statement on Wednesday, the Bank explained that its delegation had informed the Federal Government that it was pleased with progress in...