Nigeria Archives — Page 326 of 669

March 23, 2020 No Responses

Coronavirus: We’re Not Shutting Down Operations – Union Bank

The Union Bank of Nigeria Plc, on Sunday, denied social media report that it would shut down its daily operations, beginning from March 23 due to the Coronavirus pandemic. The Head, Corporate Communication and Marketing of the bank, Ogochukwu Ekezie-Ekaidem,...

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...

March 21, 2020 No Responses

Women Farmers Seek Land Use Act Review

Women farmers under the auspices of Smallholder Women Farmers Organisation in Nigeria(SWOFON) have called for review of the Land Use Act as part of measures to adequately protect their rights to own and control land. The President of the association,...

March 20, 2020 No Responses

NPA: Our Charges Not Highest In West Africa

By citybusinessnews@yahoo.com — The Nigerian Ports Authority (NPA) on Thursday reiterated that apart from towage dues, which were reviewed to cover the cost of providing the service in 2015, tariffs have remained the same since 1993. Accordin...

March 19, 2020 No Responses

Nigeria Suspends Recruitment

As part of measures to address the impacts of Coronavirus on Nigerian economy, the Federal Executive Council (FEC) on Wednesday approved reduction in the size of the 2020 budget by about N1.5 trillion The Minister of Finance, Budget and National...

March 19, 2020 No Responses

Lagos To Shut Down Schools On Monday

The Lagos State Government is closing down all public and private schools from Monday March 23, 2020 as part of preventive measures against the spread of the Coronavirus pandemic. The state Commissioner for Education, Mrs Folashade Adefisayo, explained in a...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....

March 18, 2020 No Responses

Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy. According to the bank Managing Director, this innovative product is par...

March 17, 2020 No Responses

CBN Creates N50bn Fund, Cuts Rates On Loans

The Central Bank of Nigeria (CBN) Monday cut interest rates on all applicable CBN intervention facilities from 9 to 5 percent per annum for one year effective March 1, 2020. The apex Bank also granted a further moratorium of one...

March 17, 2020 No Responses

Heritage Bank, GEZAWA Seal Agric Partnership

Heritage Bank Plc, the lead settlement bank for Gezawa Commodity Market (GCMX) in collaboration with key stakeholders is to revolutionise agricultural value-chain as part of measures to provide fully integrated ecosystem for commodity Exchange. A statement exp...

March 17, 2020 No Responses

Cosmas Maduka Bags Multiple Awards

Credible recognitions came the way of the founder of the respected wholly owned Nigerian conglomerate, Coscharis Group, Dr. Cosmas Maduka recently when he was honoured on three different platforms in his capacity as an entrepreneur per excellence. A statement ...

March 16, 2020 No Responses

Maritime Stakeholder Laud New NIMASA Management

More stakeholders in the maritime industry have commended the new executive management team appointed by President Muhammadu Buhari for the Nigerian Maritime Administration and Safety Agency (NIMASA) led by Dr. Bashir Jamoh. According to the Stakeholders...

March 16, 2020 No Responses

NEITI: Nigeria Earns N69.47b From Solid Minerals Sector In 2018

Nigeria earned N69.47 billion from the Solid Mineral sector in 2018, the Nigeria Extractive Industries Transparency Initiatives ( NEITI), has disclosed. NEITI disclosed this in its latest audit report of the solid minerals sector released on Sunday in Ab...