Nigeria Economy Archives — City Business News

December 18, 2024 No Responses

SEC DG: Vibrant Capital Market Key To $1tri Economy

The Securities and Exchange Commission (SEC) has stressed the need for a vibrant capital market in achieving the Federal Government’s $1 trillion economy target. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held...

January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...

March 10, 2022 No Responses

Dangote Unveils Therapeutic Food Factory

President of Dangote Group, Aliko Dangote, on Wednesday, promised to enter into agreement with governments, local governments and local producers of Nutri-K’s Ready-to-Use Therapeutic Food (RUTF) to guarantee adequate supply directly to primary hea...

March 5, 2022 No Responses

Qatari Investments In Nigeria To Hit N500b

The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in Nigeria with expectations to hit about N500 billion before the year ends. Al-Hajri said this at the...

November 30, 2021 No Responses

First Bank Holds Non-Oil Export Webinar Series

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of its non-oil export webinar series. A statement sent to City Business News explained that the event is centere...

November 29, 2021 No Responses

Obaseki Commissions 5,400mt Per Annum Cashew Factory

Edo State Governor, Mr. Godwin Obaseki has tasked youths to embrace opportunities in the agriculture value chain by deploying innovative ideas to initiate and develop agribusiness projects. Obaseki made the submission after commissioning a 5,400mt per an...

November 27, 2021 No Responses

Oil Palm: Igbinedion Varsity Secures N500m CBN Facility

The Igbinedion University, Okada, has secured a N500 million Central Bank of Nigeria (CBN) facility to resuscitate and expand its existing oil palm plantation. The university’s Vice-Chancellor (VC), Prof. Lawrence Ezemonye, made this known on Friday in Okada...

November 11, 2021 No Responses

FEC Approves National Development Plan For 2021-2025

The Federal Executive Council(FEC) has approved the National Development Plan(NDP) for 2021 to 2025 to succeed the Economic Recovery and Growth Plan(ERGP) which expired in December, 2020. Minister of Finance, Budget and National Planning, Zainab Ahmed,&n...

November 10, 2021 No Responses

Cooperative Societies Contribute N1.2tri To GDP

The more than 300,000 registered cooperative societies in the country contribute over N1.2 trillion to Nigeria’s GDP annually. The declaration was made in Abuja on Wednesday by the Cooperative Rating and Award Society of Nigeria (CRASoN). Its Pre...

November 9, 2021 No Responses

SEC Nigeria Reiterates Commitment To Green Economy

The Securities and Exchange Commission (SEC) has stated that it will continue to strive to deliver coordinated and coherent policy advice, capacity building and regulatory support to build the momentum for a green economy. Green fi...

October 28, 2021 No Responses

Dana Air MD: Public, Private Partnership Key To Sustainable Economic Growth

The Chief Executive Officer of Dana Air, Jacky Hathiramani has reaffirmed the need for the government to focus more on public, private partnerships to achieve a far-reaching and immediate impact in Nigeria’s economy. The Dana Air boss made this re...

October 28, 2021 No Responses

Heritage Bank, Next Titan To Sustain Entrepreneur Support With N15m

In a bid to ensure that entrepreneurial goals of the Nigerian youths are achieved, Heritage Bank Plc, Nigeria’s most innovative service banking provider, in collaboration with The Next Titan is set to further invest N15million on viable Nigerian entrepre...

October 27, 2021 No Responses

Bayelsa To Borrow N43.57b As Debt Hits N169b

The Bayelsa State Government plans to borrow N43.57 billion to augment the N310.7 billion proposed for the 2022 fiscal year as the state’s debt profile hits N169 billion. The borrowing plan is contained in the 2022 Appropriation Bill of the...

October 26, 2021 No Responses

Akwa Ibom Budgets ₦582.12b For 2022

Akwa Ibom State Governor, Udom Emmanuel on Monday presented to the state House of Assembly a proposed budget of N582.115 billion for the 2022 Financial Year. . Christened “Budget of re-defining Standards,” the Appropriation Bill comprised of N26...