Economy/Business - News Agency Of Nigeria

Association demands immediate end to fuel scarcity

On: January 24, 2023

By Yusuf Yunus The National Association of Energy Correspondents (NAEC) have called on government agencies responsible for regulation and supply to immediately arrest the worsening fuel scarcity in the country. This is to justify huge public expenditure on internal subsidy. The association’s secretary, Mr John Meze, In a statementContinue Reading

Stockbrokers optimistic about Nigeria’s economic growth in 2023

By: Vivian Ihechu

On: January 24, 2023

In: Economy/Business

By Olawunmi Ashafa Some stockbrokers have assured the investing public that the economy has strong potential to bounce back in 2023. They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook for 2023,” on Monday in Lagos. TheContinue Reading

President Buhari inaugurates 16.5 metres Lekki Deep Sea Port

By: Vivian Ihechu

On: January 24, 2023

In: Economy/Business

By Chiazo Ogbolu/Florence Onuegbu President Muhammadu Buhari on Monday inaugurated the 16.5 metres Lekki Deep Sea Port in Lagos. President Buhari, who arrived at the venue in an helicopter alongside Gov. Babajide Sanwo-Olu , cut the ceremonial tape at the port at 4.42 p.m. The President, thereafter, Continue Reading

Currency redesign policy fuels naira stability — BDCs

By: Rabi'u Sani Ali

On: January 23, 2023

In: Economy/Business

By Fabian Ekeruche The Association of Bureaux De Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira at the parallel market. Alhaji Aminu Gwadabe, President ABCON, stated this in an interview with the News Agency of Nigeria (NAN)Continue Reading

Arab Bank to scale up intervention in Borno – DG

By: Rabi'u Sani Ali

On: January 22, 2023

In: Economy/Business

By Yakubu Uba The Director-General of Arab Bank for Economic Development in Africa, Dr Sidi Ould-Tah has reiterated the commitment of the bank to partner Borno Government for economic development. Ould-Tah made this known on Saturday during a courtesy call on Gov. Babagana Zulum in Maiduguri. Ould-Tah, who led aContinue Reading

Security: NFIU assures governors of robust partnership

By: Rabi'u Sani Ali

On: January 22, 2023

In: Economy/Business

By Sumaila Ogbaje The Nigerian Financial Intelligence Unit (NFIU) has assured the Nigerian Governors’ Forum (NGF) of a robust partnership in sanitising the country’s security and financial systems. The agency also assured Nigerians of its determination to fight unwholesome financial transactions and curb corrupt practices. The NFIU Director and ChiefContinue Reading

Redesigned notes: CBN sensitises Muslim faithful in Lagos

By: Olawunmi Ashafa

On: January 21, 2023

In: Economy/Business

By Lydia Ngwakwe The Central Bank of Nigeria (CBN) on Friday took its awareness campaign of the newly redesigned notes (N1,000, N500, N200) to the Lagos Central Mosque at Balogun Market. The News Agency of Nigeria (NAN) reports that the redesigned notes came into use on Dec. 15, 2022,Continue Reading

Alagbon, others take delivery of power transformers, accessories – TC

By: Julius Toba-Jegede

On: January 21, 2023

In: Business

By Constance Athekame The Transmission Company of Nigeria (TCN), says its Alagbon 330/132/33kV Transmission Substation in Lagos recently received truckloads of 2 x 100/125 Mega Volt Ampree (MVA) power transformers and accessories. Mrs Ndidi Mbah, General Manager, Public Affairs, TCN, in a statement in Abuja on Saturday, said thatContinue Reading

Tech firm calls for partnership with FG to bridge gap in real estate sector

By: Afonne Emmanuel

On: January 21, 2023

In: Business

By Victor Okoye A Nigerian Tech Firm, PX PropertyHub, has called for partnership with the federal government in order to showcase its efforts to bridge the gap in the real estate sector. Barr. Nonye Nwabueze, General Manager, Operations/Legal of PX PropertyHub, made the remarks during the official unveiling of theContinue Reading

Adedipe tasks stakeholders on triggers slowing Nigeria’s economy

By: Olawunmi Ashafa

On: January 21, 2023

In: Economy/Business

By Lydia Ngwakwe Lagos, Jan. 21, 2023 (NAN) The Chief Consultant, B. Adedipe Associates Ltd., Dr ‘Biodun Adedipe, has urged stakeholders in business to pay attention to the triggers causing slow down to Nigeria’s economy. Adedipe gave the advice at an economic outlook webinar organised by the First BankContinue Reading

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