Economy/Business - News Agency Of Nigeria

FG reopens 4 bonds valued at N360bn for auction

On: February 10, 2023

By Kadiri Abdulrahman The Debt Management Office (DMO) has on behalf of the Federal Government of Nigeria (FGN) listed four FGN bonds valued at N360 billion for auction. Announcing the bond auction, the DMO listed the first offer as a February 2028 FGN bond, valued at N90 billion at interestContinue Reading

NEPZA tasks universities to partake in free trade zones scheme

By: Afonne Emmanuel

On: February 10, 2023

In: Economy/Business

By Lucy Ogalue The Nigeria Export Processing Zones Authority (NEPZA) has urged universities in the country to take part in the free trade zones scheme. Prof. Adesoji Adesugba, the Managing Director/CEO of NEPZA, told newsmen on Friday in Abuja that the move would encourage knowledge-based productive activities in tertiary institutions.Continue Reading

Ijegun Satellite depot distributes 150m litres to ease fuel scarcity

By: Olawunmi Ashafa

On: February 10, 2023

In: Economy/Business

Petrol By Yusuf Yunus Lagos, Feb. 9, 2023 (NAN) Owners of Petroleum Products Tank Farms in Ijegun-Egba, Satellite Town, Lagos, say the ongoing massive loading of petrol from depots to different parts of the country will ease scarcity. Mr Debo Olujimi, the chairman of Tank Farm Owners Association, gave theContinue Reading

Naira gains, exchanges at N461.10 to dollar

By: Rabi'u Sani Ali

On: February 10, 2023

In: Economy/Business

By Lydia Ngwakwe The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.02 per cent compared with the 461.17 it exchanged on Wednesday. The open indicative rate closed at N461.25 to the dollar on Thursday. An exchangeContinue Reading

We’ve ensured effective deposit insurance system – NDIC boss

By: Rabi'u Sani Ali

On: February 10, 2023

In: Economy/Business

By Aisha Gambo The Nigeria Deposit Insurance Corporation (NDIC) says it has ensured effective deposit insurance system by covering eligible deposits and products in the banking system. The Managing Director of the Corporation, Mr Bello Hassan stated this during the NDIC Special Day at the ongoing 44th Kaduna International TradeContinue Reading

SIMS Digital Centre opens Ibadan branch

By: Afonne Emmanuel

On: February 8, 2023

In: Business

By Olatunde Ajayi SIMS Digital Centres, the official representatives of Samsung, Royal, Panasonic and other international brands in Nigeria, has opened an ultra-modern branch in Ibadan, Oyo State. The SIMS Executive Director (Corporate Services), Mr Fabian Uzor, in a statement on Wednesday said that the new SIMS Digital Centre wouldContinue Reading

2 ships with bulk urea awaiting berth at Lagos port – NPA

By: Julius Toba-Jegede

On: February 8, 2023

In: Economy/Business

By Chiazo Ogbolu The Nigerian Ports Authority (NPA) on Wednesday said that two ships carrying bulk urea and container had arrived the Lagos Port Complex, waiting to berth. The authority said that 17 other ships were being expected at the port from Feb. 8 to Feb. 17. ItContinue Reading

AfDB to assist African countries improve their data management, dissemination

By: Salisu Sani Idris

On: February 8, 2023

In: Economy/Business

By Lucy Ogalue The African Development Bank (AfDB), says it will assist African countries to improve their data management and dissemination through the provision of Open Data Platforms. According to AfDB, it will collaborate with the United Nations Economic Commission for Africa (UNECA) and the International Monetary Fund (IMF) toContinue Reading

NGX appoints advisory panel on digital technology products

By: Vivian Ihechu

On: February 8, 2023

In: Economy/Business

By Olawunmi Ashafa The Nigerian Exchange Ltd. (NGX) has set up NGX Digital and Technology Products Advisory Panel (The Panel) as part of efforts in advancing its digital transformation agenda. The Exchange said this in a statement issued by Mr Clifford Akpolo, Head, Marketing and Corporate Communications, NGX, on TuesdayContinue Reading

Shipping Development: Nigeria key to African Blue Economy – Korean envoy

By: Vivian Ihechu

On: February 7, 2023

In: Economy/Business

By Chiazo Ogbolu The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong, says Nigeria is on the gateway to unlocking the potential of the African continent’s blue economy. In a statement signed by Mr Osagie Edward, Assistant Director, Public Relations, Nigerian Maritime Administration andContinue Reading

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