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Sunday, March 26, 2023

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  • RCategory: Economy

    Banks comply with CBN’s directive to work weekends, customers throng premises Economy

    Banks comply with CBN’s directive to work weekends, customers throng premises

    BANKS in  satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central […]

    PTAD set to unveil “I Am Alive” confirmation portal for pensioners Economy

    PTAD set to unveil “I Am Alive” confirmation portal for pensioners

    THE Pension Transitional Arrangement Directorate (PTAD), says it would unveil “Am Alive” Confirmation solution on April 14, according to Mr […]

    CBN confirms evacuation of banknotes, directs banks to open for weekend operations Economy

    CBN confirms evacuation of banknotes, directs banks to open for weekend operations

    THE Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the […]

    Food prices continue to rise in February- NBS Economy

    Food prices continue to rise in February- NBS

    THE National Bureau of Statistics (NBS), said that prices of food items such as yam, rice and beef witnessed increases […]

    Cooking gas price increased by 24.05% in one year – NBS   Economy

    Cooking gas price increased by 24.05% in one year – NBS  

    THE National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,708.58 in February […]

    Naira falls to dollar, exchanges at N461.67 Economy

    Naira falls to dollar, exchanges at N461.67

    THE Naira on Thursday depreciated against the dollar at the investors’ and exporters’ window, exchanging at N461.67. The rate represented […]

    Insurance companies’ customers claim N318.2bn in Q4 2022 – NAICOM  Economy

    Insurance companies’ customers claim N318.2bn in Q4 2022 – NAICOM 

    THE insured made claims of N318.2 billion on insurance companies in the last quarter of 2022. The National Insurance Commission […]

    Main Market fire disaster CLO sympathies with victims Economy

    Main Market fire disaster CLO sympathies with victims

    …calls for adequate compensation THE Civil Liberties Organization  Anambra State has sympathised and identify with traders at Main Market who […]

    Naira appreciates at Investors, Exporters window by 0.11% Economy

    Naira appreciates at Investors, Exporters window by 0.11%

    THE Naira on Wednesday appreciated against the dollar at the Investors’ and Exporters’ window, exchanging at N461.50. The rate represented […]

    Naira scarcity: NLC to picket CBN offices nationwide Economy

    Naira scarcity: NLC to picket CBN offices nationwide

    THE Nigeria Labour Congress (NLC) has said it would picket all Central Bank of Nigeria (CBN) offices nationwide on March […]

    CBN disbursed N12.65bn as agriculture intervention since January – Emefiele Economy

    CBN disbursed N12.65bn as agriculture intervention since January – Emefiele

    THE Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme […]

    MPR: Stock market rebounds by 0.03%, gains N10bn Economy

    MPR: Stock market rebounds by 0.03%, gains N10bn

    THE domestic bourse posted a 0.03 per cent rebound to close at N29.909 trillion, gaining N10 billion, following the upward […]

    Increase in interest rate may prove unhelpful, say financial experts Economy

    Increase in interest rate may prove unhelpful, say financial experts

    THE decision by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise Monetary Policy Rate […]

    Nigeria is leading rice producer in Africa – Foundation Economy

    Nigeria is leading rice producer in Africa – Foundation

    SYNGENTA Foundation For Sustainable Agriculture (SFSA), an Abuja-based NGO, says Nigeria is the leading rice producer in Africa with 70 […]

    Naira scarcity: FG urged to save SMEs Economy

    Naira scarcity: FG urged to save SMEs

    THE Federal Government, Central Bank of Nigeria (CBN), and others, have been urged to take urgent steps to save the […]

    CBN marks money week, focuses on financial literacy for children Economy

    CBN marks money week, focuses on financial literacy for children

    THE Central Bank of Nigeria (CBN), says there is the need to extend financial literacy to children to enable them […]

    Petrol price increased by 54.76% a litre in one year – NBS Economy

    Petrol price increased by 54.76% a litre in one year – NBS

    THE National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in […]

    Nigeria to export skilled labour to Europe – NBTE Economy

    Nigeria to export skilled labour to Europe – NBTE

    THE National Board for Technical Education (NBTE) says Nigeria will begin exporting skilled labour to Europe and other parts of […]

    AEDC working to restore power to Bwari and environs in Abuja Economy

    AEDC working to restore power to Bwari and environs in Abuja

    THE Abuja Electricity Distribution Company (AEDC) says it is working with stakeholders to restore power supply to Bwari and environs. […]

    ECA explains Africa’s progress,  challenges of AfCTA implementation Economy

    ECA explains Africa’s progress,  challenges of AfCTA implementation

     THE Economic Commission for Africa (ECA) says it is impressed with the progress the implementation of the African Continental Free […]

    Investors worth on NGX drops by N16bn Economy

    Investors worth on NGX drops by N16bn

    INVESTORS at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in […]

    Consumer Value Awards opens portal for nomination Economy

    Consumer Value Awards opens portal for nomination

    BRANDXchange, conveners of the 2023 Consumers Value Awards (CVA), says it has begun nomination of eligible brands that will participate […]

    In spite of economic growth recovery, Africa still needs to curb poverty and social inequality Economy

    In spite of economic growth recovery, Africa still needs to curb poverty and social inequality

    WITH slower economic growth and high inflation, many African countries continue hardly to strengthen the continent’s development after experiencing a […]

    Benin traders make quick business at polling areas Economy

    Benin traders make quick business at polling areas

    TRADERS flooded polling areas in Benin on Saturday to make brisk businesses as the House of Assembly elections went underway. […]

    We’re not responsible for power outage in Imo, EEDC tells customers Economy

    We’re not responsible for power outage in Imo, EEDC tells customers

    THE Enugu Electricity Distribution Company (EEDC) has clarified that it is not responsible for the  recent seven-day power outage in […]

    Addressing multiple shocks will grow Africa’s economy – ECA Economy

    Addressing multiple shocks will grow Africa’s economy – ECA

    THE Economic Commission for Africa (ECA) said Africa’s economy could experience  positive growth if its  multiple shocks  were adequately addressed. […]

    Fuel scarcity, insecurity to push 24.8m Nigerians into deep poverty — CH Report Economy

    Fuel scarcity, insecurity to push 24.8m Nigerians into deep poverty — CH Report

    AS Nigeria and Nigerians continue to reel in economic hardship, the Cadre Harmonise, CH, Report Thursday, indicated that the protracted […]

    Naira weakens 0.2% against dollar at Investors’ Exporters window Economy

    Naira weakens 0.2% against dollar at Investors’ Exporters window

    THE Naira loses 0.2 per cent against the dollar on Thursday, exchanging at N462 at the Investors’ and Exporters’ window. […]

    Economy

    Humanitarian ministry engages stakeholders on zero cash policy development

    THE Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHADMSD), on Thursday engaged relevant stakeholders to review the National […]

    Use of old naira notes gradually returns in C’River Economy

    Use of old naira notes gradually returns in C’River

    THE use of the old naira notes is gradually returning in Cross River, following the Central Bank of Nigeria’s (CBN) […]

    Naira appreciates against dollar by 0.07% Economy

    Naira appreciates against dollar by 0.07%

    THE Naira appreciated against the dollar on Wednesday, exchanging at N461.09 at the Investors’ and Exporters’ window. The rate represented […]

    12 ships with petroleum products, others expected at Lagos ports Economy

    12 ships with petroleum products, others expected at Lagos ports

    THE Nigerian Ports Authority (NPA) on Wednesday said 12 ships conveying petroleum products and other goods were expected at Lagos […]

    Nigeria’s inflation rate hits 21.91 in February 2023 — NBS Economy

    Nigeria’s inflation rate hits 21.91 in February 2023 — NBS

    THE National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 21.91 per cent on a year-on-year basis […]

    CBN old Naira directive: Traders still skeptical on collection Economy

    CBN old Naira directive: Traders still skeptical on collection

    SOME traders in various markets in the satellite towns of the FCT are still skeptical about collecting the old Naira […]

    Leadway Pensure bags West Africa’s Most Outstanding PFA brand award Economy

    Leadway Pensure bags West Africa’s Most Outstanding PFA brand award

     LEADWAY Pensure Pension Fund Administrator (PFA) Limited has been awarded the West Africa’s Most Outstanding PFA brand of the Decade […]

    Islamic Banking: FBN Quest, The Metropolitan Firm roll out an endowment fund for indigent Nigerians Economy

    Islamic Banking: FBN Quest, The Metropolitan Firm roll out an endowment fund for indigent Nigerians

    FBNQuest Trustees, a subsidiary of FBN Holdings in partnership with the Metropolitan Law Firm has launched an endowment fund under […]

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