Economy/Business - News Agency Of Nigeria

President Buhari inaugurates $1.96bn Nigeria-Niger rail project

On: February 9, 2021

The project, with 15 stations along the corridor, is expected to be completed in the next three years and would boost socio-economic activities in Kano, Katsina and Jigawa states in Nigeria as well as Maradi in Niger Republic.Continue Reading

N-Power: 30,000 beneficiaries hired as agric enumerators

By: Afonne Emmanuel

On: February 9, 2021

In: Economy/Business

Presidency says no fewer than 30,000 erstwhile N-Power cash-for-work programme beneficiaries have been hired as agric enumerators.Continue Reading

Customs intercepts N788m contraband in Seme in 2020

By: Rabi'u Sani Ali

On: February 8, 2021

In: Economy/Business

The Nigeria Customs Service, Seme Command, has intercepted contraband items with total DPV of N788 million and arrested 15 suspects in 2020.Continue Reading

Nigeria is China’s major investment destination in Africa – Envoy

By: Rabi'u Sani Ali

On: February 8, 2021

In: Economy/Business

Mr Zhao Yong, Deputy Ambassador of China to Nigeria has disclosed that Nigeria is China’s major investment destination in Africa.Continue Reading

NSE begins new trading week with 0.35% loss

By: Rabi'u Sani Ali

On: February 8, 2021

In: Economy/Business

The Nigerian Stock Exchange (NSE) began trading for the week on Monday with a loss of 0.35 per cent as a result of persistent profit taking.Continue Reading

IMF lauds Nigeria’s fiscal sector reforms in spite COVID-19 challenges

By: Rabi'u Sani Ali

On: February 8, 2021

In: Economy/Business

The Executive Board of the (IMF) says Nigeria’s economy is at a critical juncture, having been hit hard by the COVID-19 pandemic.Continue Reading

DPR licenses first floating LNG production plant

By: Rabi'u Sani Ali

On: February 8, 2021

In: Economy/Business

DPR has issued Licence to Establish (LTE), the first floating LNG production plant to UTM Offshore Ltd., an indigenous oil and gas company.Continue Reading

Cryptocurrency ban: Experts optimistic of stock market rebound

By: Edith Ike-Eboh

On: February 8, 2021

In: Business, Economy/Business

Capital Market experts have expressed optimism that the ban on cryptocurrencies will likely trigger enhanced activities in the NSE.Continue Reading

No waivers for mining title defaulters -DG

By: Ismail Abdulaziz

On: February 8, 2021

In: Economy/Business

“We are almost at the expiration date. Some have complied while some are yet to, we will compile the names and companies that did not pay and send to the Minister for revocation approval.Continue Reading

Cryptocurrencies unregulated, prone to financial crimes – CBN

By: Ifeanyi Nwoko

On: February 8, 2021

In: Economy/Business

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability.Continue Reading

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