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Economy & Business (Page 24)

Cooking gas price increases by 0.21% in October 2022 – NBS

2022-11-21
By: Gambo Jagindi
On: November 21, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 21, 2022 Average price of 5kg cooking gas rose by 0.21 per cent from N4,474.48 in September to N4,483.75 in October. The increased price is contained in the National Bureau of Statistics (NBS) “Cooking Gas Price Watch’’ for October 2022 issued on Monday in Abuja. ItContinue Reading

Global economy needs Nigeria, says IMO Secretary-General

2022-11-21
By: Gambo Jagindi
On: November 21, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 21, 2022 The Secretary-General of the International Maritime Organisation (IMO), Mr Kitack Lim,  has described Nigeria as a very important country not only to Africa, but to the global economy. This is contained in a statement signed by Mr Osagie Edward, Assistant Director, Public Relations, NigerianContinue Reading

DMO offers N100bn “Sukuk” bonds at N1,000 per unit to fund roads construction

2022-11-21
By: Gambo Jagindi
On: November 21, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 21, 2022 The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government. It stated in Abuja that the offer is of 10-year tenor due for maturity in December 2032. The bondsContinue Reading

Non-oil export will guarantee Nigeria’s economic survival—NEPC

2022-11-18
By: Gambo Jagindi
On: November 18, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 18, 2022 The Nigerian Export Promotion Council (NEPC) says non-oil export will guarantee Nigeria’s economic survival. Dr Ezra Yakusak, Executive Director/CEO of NEPC said this in a news briefing heralding the NEPC Export Week scheduled from Nov. 21 to Nov. 26. Yakusak emphasised the need forContinue Reading

Matawalle presents N188.8bn 2023 budget for Zamfara

2022-11-18
By: Gambo Jagindi
On: November 18, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 18, 2022 Gov. Bello Matawalle of Zamfara on Thursday presented a budget of N188.872 billion for 2023 to the State House of Assembly for approval Speaking at the ceremony, Matawalle said that the budget was made up of N102.5 billion recurrent expenditure and N86,308 billion capitalContinue Reading

Petrol price hits N250 per litre in Awka as customers lament

2022-11-16
By: Gambo Jagindi
On: November 16, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 16, 2022 Premium Motor Spirit (PMS), popularly known as petrol, now sells for between N240 and per litre N250 in Awka, the Anambra state capital, and its environs. The News Agency of Nigeria (NAN) Correspondent who monitored the situation in Awka on Wednesday, reports that theContinue Reading

Alliance announces $35m support to African solar initiative

2022-11-14
By: Gambo Jagindi
On: November 14, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 14, 2022 The Global Energy Alliance for People and Planet, has announced 35 million dollars support to the Sustainable Energy Fund for Africa (SEFA), under the Desert to Power initiative. This was contained in a statement by the Communication and External Relations, African Development Bank (AfDB),Continue Reading

Oil marketers urge NIMASA, NPA to adopt Naira transactions in ports

2022-11-14
By: Gambo Jagindi
On: November 14, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 14, 2022 The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges. This is contained in a statement by Mahmood Tukur, Vice ChairmanContinue Reading

Naira redesign: CBN commits to protecting unbanked, underserved Nigerian rural dwellers

2022-11-13
By: Gambo Jagindi
On: November 13, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 13, 2022 The Central Bank of Nigeria (CBN) has restated its commitment to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas. The apex bank made this known on Sunday, in a statement by its Director, Corporate Communications, MrContinue Reading

Access Bank to spend $1b to boost SMEs in Africa

2022-11-10
By: Gambo Jagindi
On: November 10, 2022
In: Economy & Business
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ShareBy Aluta News Nov. 10, 2022 Access Bank says it is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the sidelines of a two-dayContinue Reading

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