Home / Business and Economy (page 5)

Business and Economy

CBN’s MPC retains MPR at 14.0 per cent; CRR at 22.5 per cent; Liquidity Ratio at 30.0 per cent; Experts differ on retention of interest rate

CENTRAL BANK OF NIGERIA COMMUNIQUÉ NO 116 OF THE MONETARY POLICY COMMITTEE MEETING OF MONDAY 20th AND TUESDAY 21st NOVEMBER, 2017   Background The Monetary Policy Committee met on the 20th and 21st of November, 2017 against the backdrop of a relatively optimistic global economic outlook. The Committee reviewed key …

Read More »

SPDC JV’s Afam VI power plant secures licence for another 10 years

 The Nigeria Electricity Regulatory Commission has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 25.97 million Megawatt-hour (MWh) of electricity into the Nigerian grid since inception in 2008. Afam VI is owned by The Shell Petroleum Development Company Joint Venture (SPDC …

Read More »

Shell Companies emerge best in sustainability innovation in Africa

  Shell Companies in Nigeria (SCiN) have emerged the 2017 Best Nigerian companies in Sustainability Innovation in Africa, beating two other finalists at the 11th edition of the Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility held in Lagos on Friday. Shell companies also defeated three other contestants …

Read More »

Ondo Governor commends BPE

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, has commended the Bureau of Public Enterprises (BPE) for its reform and privatization transactions in the country, especially in the telecom sector which has deepened and transformed the Nigerian economy. Speaking when he received the Director General of the BPE, Mr. Alex A. Okoh, …

Read More »

Ebonyi as key player in Zero Hunger project – A News Analysis by Obike Ukoh, News Agency of Nigeria (NAN)

  Before the creation of Ebonyi on Oct. 1, 1996, the geographical entity that made up the area was known for two things: rice production and guinea-worm infestation. Guinea-worm infestation caused by drinking unclean water has been eradicated as a result of massive water projects embarked upon by successive governments. …

Read More »

SEC decries low enrollment of investors to e-dividend payment platform

By Chinyere Joel-Nwokeoma The Securities and Exchange Commission (SEC) on Monday decried low investors enrollment to the e-dividend payment platform in the last three months. Mr Mounir Gwarzo, SEC Director-General, who said this at the third quarter post-Capital Market Committee (CMC) news conference, held in Lagos said only 46,176 investors …

Read More »

Tax: Lagos moves to shut down headquarters of defaulting companies …Gives Monday deadline to remit all outstanding payments

The Lagos State Government on Sunday said it will commence the process of shutting down the corporate headquarters of organisations in the State who have defaulted in remitting statutory taxes to government from Monday, November 20. In a statement signed by the Commissioner for Finance, Mr. Akinyemi Ashade, the State …

Read More »

FG moves to consolidate ease of doing business in mining sector. ….As Ministry unveils integrated automated GIS Web Portal

The Federal Government, on Thursday took another bold step in consolidating ease of doing business in the mining sector with official unveiling of the Integrated Automated and Interactive GIS Web Portal of the Ministry of Mines and Steel Development. The unveiling of the GIS Web Portal, which came barely a …

Read More »