BUSINESS Archives — Page 114 of 204 — National Accord Newspaper

Abuja Airport: FAAN to effect new tariff for toll fare from July 17

BUSINESS

Abuja Airport: FAAN to effect new tariff for toll fare from July 17

Bode July 6, 2023

The Federal Airport Authority of Nigeria (FAAN) says it will effect a new tariff for toll fare at the Nnamdi Azikiwe International Airport (NAIA) from July 17. This is contained in a statement signed by the FAAN Management on Thursday in Abuja. According to the management, the fare for...

Nigeria’s telecoms investment hit $75.6bn – Danbatta

BUSINESS

Nigeria’s telecoms investment hit $75.6bn – Danbatta

Bode July 6, 2023

By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising Foreign Direct Investment (FDI) and local investment, has reached $75.6 billion as of 2021. Danbatta...

BUSINESS

How telecoms investment in Nigeria has grown – NCC

Bode July 6, 2023

The Nigerian Communications Commission (NCC) on Wednesday announced that foreign direct investment (FDI) and local investment in the nation’s telecommunications sector reached 75.6 billion dollars as of 2021. They m ade the announcement officially during an interactive session with stakeholders in the communications media ecosystem in Lagos. ...

FG targets N553bn from unremitted shipping taxes

BUSINESS

FG targets N553bn from unremitted shipping taxes

Bode July 5, 2023

The Federal Government says it intends to recoup over N553 billion unremitted taxes from international petroleum shipping companies operating in Nigeria. The Director, International Tax, Federal Inland Revenue Service (FIRS), Mr Abdullahi Aliyu, said that recouping the sum which accrued from 2010 to 2019 would help address the nation’s...

BUSINESS

ALTON commends NCC boss for quality regulation

Bode July 5, 2023

By CALLISTUS OFFOR, Abuja – The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Mr. Gbenga Adebayo, has praised the exceptional leadership of the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta. Mr. Adebayo also commended...

BUSINESS

Elumelu is Nigeria’s Most Admired Business Leader

Bode July 5, 2023

…Dangote and Chukwuma coming second and third respectively By JOY ADARA, Abuja- Mr. Tony Elumelu, Chairman of UBA Plc and Heirs Holdings, has emerged as the most admired business leader in Nigeria in a national survey conducted by a Lagos- based national publication, The Top10 Magazine....

BUSINESS

Shipping’s Decarbonization: Nine majors players seal partnership

Bode July 5, 2023

The acceleration of the early phases of shipping’s decarbonisation is in the offing as Nine players across the maritime value chain have announced in a joint statement their commitment to developing and implementing robust book and claim chain of custody systems. According to World Maritime News, the signatories of...

BUSINESS

FG reiterates commitment to grow MSMEs to stimulate domestic investments

Bode July 5, 2023

SThe Federal Government has reiterated its commitment to reposition Micro, Small and Medium Enterprises (MSMEs) sector to stimulate domestic investments and attract Foreign Direct Investments (FDIs). The Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Evelyn Ngige made this known during an event to commemorate the 2023 World...

BUSINESS

NASME to inaugurate N1bn youth, women empowerment fund

Bode July 4, 2023

The National Association of Small and Medium Enterprises (NASME), says that it will inaugurate one billion Naira Youth and Women Investment and Empowerment Fund in August. The President and Chairman Governing Council of NASME, Dr Abdulrashid Yerima said this on Tuesday in Abuja at the commemoration of the 2023...

BUSINESS

NGX, CIS, stakeholders honour late FCMB founder, Subomi Balogun

Bode July 4, 2023

By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder of FCMB Group. Speaking during the ceremony, the Chief...

Naira gains by 3.61%

BUSINESS

Naira gains by 3.61%

Bode July 4, 2023

The Naira on Monday appreciated against the dollar, exchanging at N741.50 at the investors and exporters window. The Naira gained by 3.61 per cent when compared with N769.25 for which it exchanged for the dollar at the close of business on June 30. The open indicative rate closed at...

BUSINESS

Petroleum Marketers say Fuel Price may reduce from next week

Bode July 3, 2023

There were indications at the weekend that the price of petrol which is current about N540 and above per litre, may soon come down. This followed the disclosure on Sunday by both major and independent dealers on the Premium Motor Spirit, popularly called petrol, that large consignments of the...

BUSINESS

Tinubu assures investors of policy consistency, restates Nigeria’s readiness for business

Bode July 3, 2023

By DAVID IORJA, Abuja – President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream...

Expert urges CBN to check exploitative bank charges

Bode July 2, 2023

Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria (CBN) to check the multiplicity of service charges by Deposit Money Banks (DMBs). Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), made the appeal in an interview with the News...

BUSINESS

Stakeholders decry CBN’s directive on bank customers’ social media presence

Bode July 2, 2023

Many stakeholders have described as illegal the Central Bank of Nigeria (CBN)’s directive to Deposit Money Banks (DMBs) to scrutinise social media presence of their customers. The News Agency of Nigeria (NAN) reports that the directive was contained in a recent Customer Due Diligence Regulations, 2023 signed by the...

BUSINESS

NGX investors gain N5.3trn in H1 2023 amid bold economic reforms

Bode July 2, 2023

By TENEBE ANTHONIA, Lagos – Equity investors who have endured long periods of bearish sentiments on the floor of Nigerian Exchange Limited (NGX) have cause to smile as their wealth rose to N5.3 trillion in the first six (H1) of 2023 amid audacious macroeconomic reforms under the...

BUSINESS

AfDB, African Securities exchange collaborate to promote trans-border trading

Bode July 2, 2023

The African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) Group are collaborating to expand the number of linked African exchanges from seven to 15. We The Bank in a statement said the expansion was under the second phase of the African Exchanges Linkage Project (AELP). According...

BUSINESS

AfDB approves $115m loan to Abia for road rehabilitation, erosion

Bode July 2, 2023

The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. This is contained in a statement issued by the Nigeria Country Department of the bank on Saturday in Abuja. It said the...

BUSINESS

Naira drops, exchanges at N769.25 to dollar

Bode July 1, 2023

The Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window.naira The Naira depreciated by 0.82 per cent when compared with N763 for which it exchanged for the dollar before the Eid-el-Kabir holiday that began on June 28. The open indicative rate...

BUSINESS

IPMAN debunks petrol ‘ll sell for N700 per litre

Bode July 1, 2023

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide. The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen, stated this in an interview with...