Economy Archives — Page 84 of 184

August 30, 2022 No Responses

FG Releases N6.25b For Establishment Of Cattle Ranches In Katsina

Katsina State Deputy Governor, Alhaji Mannir Yakubu has disclosed that the Federal Government has released N6.25 billion for the establishment of cattle ranches in local government areas affected by banditry in the state. Yakubu, also Commissioner for Agriculture and Rural...

August 28, 2022 No Responses

World Bank Engages GBV Service Providers In Kaduna

The Kaduna State Adolescent Girls Initiative for Learning and Empowerment (AGILE), a World Bank-supported project, has engaged Gender-Based Violence (GBV) service providers, to provide health and psychosocial services to adolescent survivors. The Pr...

August 27, 2022 No Responses

CBN Releases $265m To Settle Outstanding Ticket Sales

The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According to a statement issued by the Director, Corporate Communications Department of CBN, Mr Osita....

August 26, 2022 No Responses

Manufacturers Task CBN On FOREX Allocation

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to allocate more FOREX to manufacturers to allow for the importation of raw materials and machinery. Edo/Delta branch chairman of MAN, Dr Okwara Udensi, made th...

August 25, 2022 No Responses

FG, States, LGCs Share N954.085b

The Federation Account Allocation Committee (FAAC), has shared N954.085 billion with the three tiers of government, as federation allocation for July. This is according to a statement signed by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on&nbs...

August 25, 2022 No Responses

Stock Market Recovers N65b

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle and Stanbic Bank Specifically, the market capitalisation gained N65 bil...

August 24, 2022 No Responses

Nigeria Exports $2.6b Non-Oil Products In Six Months

Nigeria exported over 4. 146 million metric tonnes of non-oil products, worth $2.593 billion from January to June 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Tuesday. Presenting the first half year 2022 progress report to Journ...

August 24, 2022 No Responses

Nigeria Decries Abuse Of Expatriate Quota Policy

The Minister of Interior, Alhaji Rauf Aregbesola has decried the abuses and gross violations of Nigeria’s expatriate quota policy by foreigners and some organisations in the country. Aregbesola condemned the practice on Tuesday in Abuja at the re-inaug...

August 22, 2022 No Responses

100 MSMEs Secure Export Certifications

Over 100 Medium, Small and Micro Enterprises (MSME) have received export certifications to qualify them for the export of their products, the Nigerian Export Promotion Council (NEPC), disclosed on Sunday in Jos, Plateau State. The Executive Director of NEP...

August 22, 2022 No Responses

Lekki Deep-Sea Port To Lift Nigeria’s Economy, Create 112,000 Jobs, Says Minister

Minister of Transportation, Alhaji Muazu Sambo, on Sunday said that the Lekki Deep-Sea Port project would create 112,000 jobs for Nigerians upon its completion. Sambo gave the declaration on Sunday while speaking to newsmen in Jalingo. He said that the...

August 21, 2022 No Responses

Ecobank Reiterates Support For Creative Industry

The Managing Director and Regional Executive, Ecobank Nigeria Limited, Bolaji Lawal has assured that the Bank will continue to provide a platform for harnessing and powering the creative industry in Nigeria. The Managing Director made this pledge at the Photog...

August 20, 2022 No Responses

Nigeria, Japan Trade Volume Hits $1b

The annual bilateral trade volume between Nigeria and Japan stands at $1 billion, the Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi, has said. Speaking at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja, Kazuyoshi expl...

August 20, 2022 No Responses

NPA Generates N172b Revenue In Six Months

Between January and June 2022, the Nigerian Ports Authority (NPA) generated N172.286 billion in revenue.Within the same period, the Authority remitted N78.497 billion to the Consolidated Revenue Fund (CRF) of the federation.Giving details of the half-year 2...

August 19, 2022 No Responses

eNaira Records 200,000 Users, N4b Transactions Value

The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and N4billion value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of...