Economy – Page 275 – City Business News

January 5, 2018 No Responses

Nigerians import 399,556 vehicles in 2017, generates N137b duty

By Moses Ebosele, ebosele@hotmail.com – Between Janaury and December 2017, Nigerians paid N137billion duty on 399,556 imported used and news vehicles. Speaking at an interactive session with print, television and online editors in Lagos on Thursday, spokesperson...

January 4, 2018 No Responses

‘Oando’s forensic audit to commence this month’

There is no going back on the forensic audit of Oando Plc, the Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said. Speaking at a press briefing in Abuja on Tuesday, Zubair said the...

January 3, 2018 No Responses

SEC extends forbearance window for multiple accounts consolidation to March 31

The Securities and Exchange Commission (SEC) has extended the forbearance window for multiple accounts consolidation to March 31, 2018. Speaking at a press briefing on Tuesday in Abuja, Acting Director General of SEC, Dr. Abdul Zubair said:“With a view...

January 2, 2018 No Responses

Maize Cultivation: Association to engage 500,000 farmers in 2018

The National President, Maize Association of Nigeria, Alhaji Bello Abubakar-Annur has disclosed that the union is planning to engage 500, 000 farmers in maize cultivation in the 2018 farming season across the country. Abubakar-Annur told the News Agency of Nig...

January 1, 2018 No Responses

Heal the world movement empowers over 200 people

In a swift move to curb the spate of increasing unemployment in Nigeria , Heal The World Movement , a Christian charity organisation with headquarters in Lagos, Nigerian and branches within the country and globally, recently organ...

December 29, 2017 No Responses

NSE emerges one of the top five best performing exchange in 2017

The value of public companies on global stock markets grew by $12.4 trillion in 2017, according to S&P Dow Jones Indices, which included dividends in its calculation. According to CNN, a number of markets even outperformed the U.S. Here’s...

December 25, 2017 No Responses

Priest, community leader condemn hike in product prices, services

A Catholic Priest, Rev. Fr. Gabriel Fatoye, has criticised some retailers and service providers for deliberating increasing prices of products and services during the Christmas season. Fatoye, an Associate Parish Priest of the Sacred Heart Catholic Church, O...

December 24, 2017 No Responses

SGF: FG not contemplating hike in petrol pump price

The Secretary to the Government of the Federation (SGF), Boss Mustapha has assured Nigerians that the Federal Government is not contemplating any form of hike in the pump price of petroleum products. Mustapha disclosed this on Saturday at the handing...

December 22, 2017 No Responses

Customs hits N1trillion highest revenue collection

The Nigeria Customs Service (NCS) has recorded its highest revenue collection ever of over N1 trillion as against N770 billion target set for 2017. The Service Public Relations Officer, Mr Joseph Attah, announced this at a news conference in Abuja...

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...