News Archives — Page 224 of 726

March 22, 2023 No Responses

CBN Disburses N12.65b Agric Intervention Fund

The Central Bank of Nigeria (CBN) has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the...

March 22, 2023 No Responses

Expanding Growth At NPA

The appointment of Mohammed Bello-Koko as the Managing Director of the Nigerian Ports Authority (NPA) has changed the Nigerian seaports narrative. Before now, Nigerian ports have been described as the most expensive and inefficient in the West and Centra...

March 22, 2023 No Responses

Experts’ Caution Against Interest Rate Benchmark At 18%

A financial expert, Dr Tunde Adeoye, says increasing Monetary Policy Rate (MPR) from 17.5 per cent to 18 per cent by Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) can lead to a prolonged downturn in economic activities....

March 21, 2023 No Responses

CATA Tasks Tax Administrators On Global Technological Advancements

Tax administrators must keep up with the dynamics occasioned by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolu...

March 21, 2023 No Responses

Stock Market Investors Lose N16b

Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent...

March 21, 2023 No Responses

Omo-Agege Rejects Delta Governorship Result

Candidate of the All Progressives Congress (APC) in the March 18 governorship election in Delta, Sen. Ovie Omo-Agege has rejected the result of the election. INEC on Monday declared Chief Sheriff Oborevwori of the Peoples Democratic Party (PDP) as the...

March 20, 2023 No Responses

Oil Edges Up On Historic Swiss Banks Deal

Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world’s largest central banks sought to reassure and stabilise global financial markets. Brent crude...

March 20, 2023 No Responses

SSANU Tasks FG On Varsities Outstanding N50b Earned Allowances

The Senior Staff Association of Nigerian Universities (SSANU) has urged the Federal Government to pay the N50 billion outstanding Earned Allowances to universities and Inter-University Centres in the country. The SSANU National President, Mr Mohammed Ibrahim, ...

March 20, 2023 No Responses

Sanwo-Olu Re-Elected For Second Term

The Independent National Electoral Commission (INEC) has declared Gov. Babajide Sanwo-Olu of Lagos State winner of the Saturday’s Governorship elections. Prof. Adenike Oladiji, Vice-Chancellor, Federal University of Technology, (FUTA) Akure, the Returning Of...

March 19, 2023 No Responses

EFCC Arrests, Parades 19 For Vote-Buying

The Economic and Financial Crimes Commission (EFCC) on Saturday in Ilorin, Kwara State paraded 19 suspected vote buyers arrested during the Governorship and House of Assembly elections in the state. The Acting Zonal Head of EFCC, Ilorin Zonal Office,...

March 19, 2023 No Responses

WFE: $25tri Wiped Off Global Stock Markets

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, indicates that $25 trillion was wiped off global stock markets in 2022.City Business News reports that WFE’s Financial...

March 19, 2023 No Responses

Firm Invests $200m In Maritime Leasing Platform

Costamare, Monaco-based owner and provider of containerships and dry bulk vessels for charter, has invested $200 million in Neptune Maritime Leasing Limited, becoming the leading investor in the growth-oriented maritime leasing platform. Neptune Leasing, estab...

March 18, 2023 No Responses

Delta Raises Alarm Over Alleged Security Breach

Delta State Government on Friday alleged that certain individuals were planning to disrupt Saturday’s Governorship and House of Assembly elections in the state. The State Commissioner for Information, Mr Charles Aniagwu, raised the alarm on Friday at a press...

March 18, 2023 No Responses

EFCC Steps Up Action Against Vote Buying, Deploys Teams

The Economic and Financial Crimes Commission (EFCC) has deployed its personnel across the states where Governorship and State Assembly elections will take place on Saturday. The EFCC Spokesperson, Wilson Uwujaren, said this in a statement on Friday i...