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Wednesday, January 19, 2022
FMDQ Securities Exchange Ltd. has approved the quotation of the MeCure Industries Ltd Series 1 and Series 2 Commercial Papers (CPs) on its platform. This is contained in a statement by FMDQ Exchange made available to the News Agency of Nigeria (NAN) on Friday in Lagos. The statement said that the...
The Plateau State Commissioner for Budget and Economic Planning, Mr. Sylvester Wallangko has said that the state 2022 budget experienced N40 billion decline as against the 2021 budget. Wallangko said this on Friday in Jos during the 2022 budget breakdown with newsmen. He said the total 2022 budget is N106.80 billion,...
The Stock Fish Importers Association of Nigeria has reemphasized its call for the removal of stockfish from the FOREX ban list in 2022.   The Chairman of the association, Mr. Gregory Ilobinso, spoke with the News Agency of Nigeria (NAN) on Friday in Lagos.   Ilobinso was reacting to a recent call by...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says increase in employment in the country in 2020 is due to various Federal Government intervention programmes. The Director-General of SMEDAN, Dr. Dikko Radda told newsmen in Abuja that there was consolidation in the Small and Medium Enterprises due to...
The African Union, African Export-Import Bank (Afreximbank) and AfCFTA have inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. The News Agency of Nigeria (NAN), reports that PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. The commercial launch of...
Pakistan’s parliament has approved new financial measures to raise additional taxes to meet a key condition by the International Monetary Fund (IMF) to revive a stalled six-billion-dollar bailout package. The approval by the country’s National Assembly late on Thursday came after the military-backed coalition government of Prime Minister Imran Khan...
Nigerian shares have hovered around 2021 highs, gaining over 4.4 per cent year-to-date, in spite of the December U.S. inflation report reinforcing Federal Reserve rate hike expectations. Senior Research Analyst at FXTM, Mr. Lukman Otunuga, said this in analysis made available to the News Agency of Nigeria (NAN) in Lagos. Otunuga...
The Niger state government has received the sum of N400 million funding from Jaiz Bank for the development of the Minna city centre. A statement by Mr. Lawal Tanko, Information Officer, Office of the Secretary to the Niger state Government (SSG) in Minna, on Thursday, said that the cheque was...
 Mr. Bismarck Rewane, Chief Executive Officer, Financial Derivatives, has pegged Nigeria’s economic growth for 2022 at 3.4 per cent. Rewane made the forecast at the Nigerian-British Chamber of Commerce (NBCC) January Breakfast Meeting with the theme: “2022 Economic Outlook” on Thursday in Lagos. Rewane based the projection on the success and...
The African Union, African Export-Import Bank (Afreximbank) and AfCFTA on Thursday commercially inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. The News Agency of Nigeria (NAN) reports that PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa, bridging...
Economic experts on Thursday commended the federal government for approving the Nigerian Diaspora Investment Trust Fund (NDITF) to facilitate inflow of the foreign exchange. The experts who made the commendation in separate interviews with the News Agency of Nigeria (NAN) in Lagos, however, said the government must make the operating...
The Nigeria Customs Service (NIS), Sokoto, Zamfara Command generated N2.3 billion revenue in 2021. Comptroller Abdulhameed Ma’aji, the Command’s Controller, made this known in an interview with the News Agency of Nigeria (NAN) on Thursday in Sokoto. According to him, the revenue generated surpasses revenue generated in previous years. Ma’aji attributed the...
The Nigeria Customs Service, Kwara Area Command, has generated N9.85 billion from January to December 2021 as revenue. The Area Controller, Hussaini Bello, disclosed this at a news conference on Wednesday in Ilorin. Bello said that the revenue generated surpassed that of year 2020, with N2,942,090,047. “Under my leadership as the pioneer...
The Nigerian Ports Authority (NPA) says it is expecting 23 ships laden with petroleum products, food items and others from Jan. 12 to Jan. 20. The NPA made this known in its publication, `Shipping Position`, a copy of which was made available to the News Agency of Nigeria (NAN) on...
The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened 26 pips to 6.3658 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the...
Dangote Cement Plc (DCP) has announced the commencement of the second tranche of its shares buyback programme (Tranche II) approved by its shareholders on May 26, 2021. This is contained in a notice signed by Mr. Edward Imoedemhe, the Deputy Company Secretary, and posted on the website of the Nigerian...
The Rice Farmers Association of Nigeria (RIFAN) has sought to partner with the Abuja Chamber of Commerce and Industry (ACCI) in driving forward the rice revolution in Nigeria.   The National President of RIFAN, Aminu Goronyo, said this when he visited the ACCI President, Dr. Al-Mujtaba Abubakar, in Abuja.   According to a...