Economy – Page 291 – City Business News

April 9, 2017 No Responses

NPA presents N233.7b expenditure for 2017

The Nigerian Ports Authority (NPA) has earmarked N233.7billion expenditure for the year 2017. Presenting the budget estimate to the House of Representative Committee on Ports, Habours & Waterways under the leadership of Hon. Patrick Asadu, Managing Director of NPA, Hadiza...

April 8, 2017 No Responses

EFCC recovers N500m in Lagos Plaza

The Economic and Financial Crimes Commission (EFCC), Lagos Office, on Friday uncovered N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. ...

April 7, 2017 No Responses

WFE releases third annual sustainability survey

The World Federation of Exchanges (WFE) has released its annual global Environment, Social and Governance (ESG) survey. Now in its third year, the survey aims to capture the nature and extent of WFE engagement with ESG issues, and how this...

April 6, 2017 No Responses

FG clears N54b pension backlog

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...

April 5, 2017 No Responses

Buhari: State Govts critical to economic success

President Muhammadu Buhari has challenged State Governments across the country to draw inspiration and strategic direction from Federal Government Plan to articulate their economic programmes, particularly in the development of the real sector. Speaking on Wed...

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...

April 1, 2017 No Responses

NSE Photo News

L – R (A) Ayodeji Akinbobola, Head, Children Banking, Access Bank Plc; Adetokunbo Elliot, Youth Product Manager, First Bank of Nigeria Limited; Pai Gamde, Acting Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Olumide Orojimi, Head, Cor...

March 30, 2017 No Responses

Council members approve NSE Demutualisation process

Members have approved the demutualisation programme of the Nigerian Stock Exchange (NSE) Exchange. This decision was reached today (Thursday, March 30, 2017) at the Extra-Ordinary General Meeting (EGM) of its members which held at the Stock Exchange House, L...

March 30, 2017 No Responses

NSE lists series 1 FGN Savings Bond, Series 2 opens next week

The Nigerian Stock Exchange (NSE) on Wednesday listed the Series 1 of the Federal Government of Nigeria (FGN) Savings Bond, maturing March 2019. The Savings Bond, the first of its kind in Nigeria, was opened to the investing public...

March 30, 2017 No Responses

Development Bank of Nigeria gets CBN licence

The Central bank of Nigeria has approved the grant of a wholesale development finance institution licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conve...

March 30, 2017 No Responses

FG puts $500m notes at 7.5 per cent yield

The Federal Government on Thursday announced that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5% under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will...

March 29, 2017 No Responses

Buhari reiterates support for SMEs

To successfully tackle foreign exchange challenges and improve on the performance of Nigeria’s economy, President Muhammadu Buhari on Tuesday in Lagos reiterated his resolve to empower Small and Meduim Enterprises (SMEs). Speaking at the annual Tinubu Colloq...

March 28, 2017 No Responses

Researchers to unveil techniques for controlling weeds in cassava

Researchers working under the International Institute of Tropical Agriculture led Cassava Weed Management Project (IITA-CWMP) will this week share findings and recommendations on how to tackle weeds in cassava farming systems. The sharing of research findings ...

March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN, Nigerians can...