Browsing: Economy

The governor reiterated his administration’s commitment to provide basic socio-economic infrastructure development to enhance the actualization of the “Delta Beyond Oil” initiative

The state government was represented by a powerful delegation of its economic team, which included Okubor; the Commissioner for Commerce, Dr. Kingsley Emu; the Commissioner for Information, Chike Ogeah; and the Senior Special Adviser to the Governor on Foreign Relations, Oma Djebah

Stanley explained that the N4.423 billion ‘over-recovery’ that the PPPRA was asked to remit was not correct, noting that only the Nigeria National Petroleum Corporation still has an outstanding payment of about N3.98 billion to be paid into the account of the Central Bank of Nigeria

I can tell you that based on the insistence of the Country Director of The World Bank, Akwa Ibom is one of the states expected to benefit from this

This is against the 38,292.06 points recorded on Thursday.
The market capitalisation also grew by N42 billion to close at N12.168 trillion, when compared with the N12.126 trillion transacted on Thursday

He said the presentation also gave Ministers ample opportunity to make observations so that the Finance Minister could
fine-tune the proposal before returning to FEC for final approval and onward transmission to the National Assembly

The Honeywell Group Chairman has requested that to further promote his ideals of philanthropy and giving back to the society, those who plan to send gifts or media messages should channel the funds to Footprints Occupational Training Centers, an initiative of the Oba Otudeko Foundation

This was reported in the bank’s Unaudited H1 Results for 2013 prepared in accordance to the International Financial Reporting Standards, released to the Nigerian Stock Exchange and made available to financial correspondents in Lagos, Nigeria

“I am convinced that there was a misunderstanding and I want to get to the bottom of this misunderstanding so that it does not happen again

Anyanwu said: “West Africa is expected to continue its rapid growth with rates of 6.7 per cent in 2013 and 7.4 per cent in 2014, thereby becoming the fastest-growing region of the continent in the period under review

Onyema said that migration to the new trading platform would begin
during the third quarter of 2013, adding that up loading of the
trading platform would be done in two phases to ensure seamless
migration

These commitments include a record $8.2 billion in zero-interest credits and grants from the International Development Association, the World Bank’s fund for the poorest countries

Passengers that arrived Benin could not leave the airport as the two gates leading to the airport were locked, though the EDIRS said it only locked the administrative offices of the airport

The workers had last week threatened a showdown should the company fail to renege on its plan to sack them without any benefits and proper payment of their accumulated salary arrears

Some dealers attributed the stable volume of sales in WDAS to the drop in the oil price at the international market

“In the two quarters we are talking about, we’ve scuttled about 748 illegal refineries within the region and we have impounded 24 sea-going vessels

Also, the market capitalisation, which opened at N11.763 trillion, recorded a growth of N132 billion or 1.1 per cent to close at N11.895 trillion

In the period under review, Transnationwide Express lost 67k, to close at N1.32 per share

Speaking at the commissioning of the centre in Lagos, the Deputy Director, Banking Supervision, Central Bank of Nigeria, Ibedu Onyebuchi, commended UBA for the initiative and stated that the centre is an important milestone in the industry that must be emulated by other banks because of the global threats to electronic banking

Speaking at an audience with the outgoing Namibian High Commissioner to Nigeria, Selma Ashipala-Musavyi, Jonathan said that there was an urgent need for African leaders to move beyond declarations of support for greater intra-African trade and act in unison to overcome obstacles, which currently hinder economic relations between the nations and people of the continent