Business Archives - Page 48 of 50

Extend expiration date of old Naira notes for fifteen days -SOYD

NewsDeskNgJan 26, 2023January 26, 20230

With few days to the deadline on the expiration of old Naira notes, a group, Society for the Youth and the Downtrodden, SOYD, has called on the Federal Government and the Central Bank of Nigeria, CBN, to consider an extension by fifteen days. In a press release issued yesterday by...

NMCO generates N14.59bn in five years- Nkom

NewsDeskNgJan 24, 2023January 24, 20230

By Palma Ileye Nigeria Mining Cadastral Office has said it earned and remitted a total of N14.59 billion to the Treasury Signal Account in about five years period from 2018 to 2022. Director General of the Mining Cadastre Office, Engr. Obadiah Nkom, stated this at the 63rd session of the...

MCO deploys Electronic Mining Cadastre to trigger revenue, lists 3,432 defaulters, revokes 3402 permits

NewsDeskNgJan 24, 2023January 24, 20230

By Palma Ileye Director-General, Nigeria Mining Cadastre Office, MCO, Engr. Obadiah Simon Nkom has assured that with the deployment of the digital cadastre system, the Agency will enhance visibility of the sector in order to improve investment drive and revenue generation. Nkom gave the assurance in Abuja at the State...

Naira gains 0.05% at Investors, Exporters window

NewsDeskNgJan 19, 2023January 19, 20230

The naira on Wednesday exchanged at 461.25 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.05 per cent compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at N461 to the dollar on Wednesday. An exchange rate of N462...

Inflation rate declines, food rate increases in December 2022

NewsDeskNgJan 17, 2023January 17, 20230

The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate declined to 21.34 per cent on a year-on-year basis in December 2022. This is according to the NBS Consumer Price Index (CPI) and Inflation report for December 2022 released in Abuja on Monday. The report said that the rate...

Access Bank Reaffirms Commitment to Gain More Ground in Kenyan Market

NewsDeskNgJan 17, 2023January 17, 20230

By Eric Ojo Sub-Saharan Africa’s largest lender, Access Bank PLC, has reassured that in spite of the discontinuation of its Sidian Bank acquisition, it is poised to deepen its presence in the Kenya market. The discontinuation ends Access Bank PLC’s binding agreement with Centum to acquire the entire 83.4 percent...

FG distributes refrigerated Meat Vans to enhance modern meat haulage system

NewsDeskNgJan 7, 2023January 7, 20230

In demonstration of its unwavering commitment to improve on good hygiene practices and to resuscitate meat haulage system in Nigeria, the Federal Government has flagged-off the distribution of refrigerated Meat Vans to Butchers and Meat Seller’s Association to commence the process of modernized meat haulage system in their respective States....

AfDB Underscores Importance Of RASME Initiative

NewsDeskNgJan 7, 2023January 7, 20230

By Eric Ojo African Development Bank (AfDB) has harped on the importance of the newly launched Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) initiative in Sudan. RASME, a new data collection tool, was which inaugurated by the AfDB in Khartoum, the Sudanese capital city, in November last year, is aimed...

AfDB Backs Sustainable Infrastructure Development In Mauritius

NewsDeskNgJan 7, 2023January 7, 20230

By Eric Ojo African Development Bank (AfDB) expressed its commitment to support the building and development of sustainable infrastructure and economic resilience in Mauritius. On 15 December 2022, the AfDB approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. Through the 2022-2027...

Food prices decline in December following ‘two very volatile years’ – FAO

NewsDeskNgJan 7, 2023January 7, 20230

World food prices declined for the ninth consecutive month in December, though many commodities are still at record highs, the Food and Agriculture Organisation (FAO) has said. FAO, in its latest Food Price Index (FFPI) published on Friday, stated that the food prices had declined in December following two very...