Category: Economy

Nigeria, Spain To Deepen Maritime Security Cooperation
April 8, 2024 No Responses

Nigeria, Spain To Deepen Maritime Security Cooperation

The Spanish Ambassador to Nigeria, Ambassador Juan Ignacio Sell has declared that the Spanish Government is desirous to deepen cooperation with Nigeria through further collaboration with the Nigerian Maritime Administration and Safety Agency (NIMASA). Ambassador Juan made this declaration while inspecting the...
read more
Edo Unveils Manpower Development Scheme For Oil Palm Sector
April 6, 2024 No Responses

Edo Unveils Manpower Development Scheme For Oil Palm Sector

The Edo State Government through the Edo State Oil Palm Programme (ESOPP) has called for applicants for its manpower development scheme aimed at growing a new crop of workers in its expansive oil plantation sector.In a statement, Acting Team Lead,...
read more
Atiku: Electricity Tariff Hike Will Compound Nigeria’s Economic Hardship
April 6, 2024 No Responses

Atiku: Electricity Tariff Hike Will Compound Nigeria’s Economic Hardship

Former Vice President, Atiku Abubakar has joined the growing list of critics faulting the Federal Government’s hike in electricity tariff.  According to Atiku, the move further compounds the citizens’ economic difficulties.   The Nigerian El...
read more
Tinubu Tasks ECOWAS Parliament On Unity Against Forces Of Division
April 5, 2024 No Responses

Tinubu Tasks ECOWAS Parliament On Unity Against Forces Of Division

President Bola Tinubu has called on Economic Community of West African States (ECOWAS) members to come together, strengthen ties, and reject forces of division. The media aide to the President, Ajuri Ngelale, in a statement explained that Tinubu made the...
read more
NADDC TO PARTNER AFREXIM ON NNEWI AUTO INDUSTRIAL PARK
April 4, 2024 No Responses

NADDC TO PARTNER AFREXIM ON NNEWI AUTO INDUSTRIAL PARK

The Director General, National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, on Thursday visited the Regional Chief Operating Officer of the African Export-Import Bank (Afrexim), Mr. Eric Intong.The purpose of the visit was to solicit ...
read more
Customs Declares ₦1.3tri Revenue In Q1
April 4, 2024 No Responses

Customs Declares ₦1.3tri Revenue In Q1

For the first quarter of 2024, the Nigeria Customs Service (NCS) generated N1.3trillion revenue. Briefing Journalists on Wednesday, the Comptroller General of Customs, Adewale Adeniyi, explained that over 572 seizures were made with a duty-paid value of N10bn....
read more
Transcorp Power Declares N3.13 Dividend
April 3, 2024 No Responses

Transcorp Power Declares N3.13 Dividend

Transcorp Power Plc (Transcorp Power) has reported N453 billion profit before tax for the year ended December. 31, 2023. Mr Stanley Chikwendu, Group Company Secretary, Transcorp Power, said this indicated a surge of 85 per cent, when compared with N439...
read more
Transactions On NGX Decline By N25b
April 3, 2024 No Responses

Transactions On NGX Decline By N25b

The value of transactions on the Nigerian Exchange (NGX) dropped by 13.81 per cent on Tuesday after two days of Easter break. Consequently, the market capitalisation shed N25 billion or 0.04 per cent to close at N59.095 trillion, as against...
read more
Okomu Oil Palm Trains Community Representatives On Leveraging Presence Of Multinational In An Environment
April 2, 2024 No Responses

Okomu Oil Palm Trains Community Representatives On Leveraging Presence Of Multinational In An Environment

Members of communities playing host to multinational companies have been urged to leverage the presence of these companies for the advancement of their lives and that of their communities. This was the thrust of the lecture at the bi-annual community...
read more
Access Holdings Unveils $1.5b Capital Raising Programme
March 30, 2024 No Responses

Access Holdings Unveils $1.5b Capital Raising Programme

Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion or its equivalent. In a statement on Friday, the corporation explained that drawing from the programme, the Group expected to raise up to...
read more
Coated Calcium Carbonate Processing Plant To Debuts In Edo  
March 28, 2024 No Responses

Coated Calcium Carbonate Processing Plant To Debuts In Edo  

Edo State is set to host one of Nigeria’s largest coated calcium carbonate factories in Lampese, Akoko Edo Local Government Area of the State. The Commissioner for Mining and Energy, Enaholo Ojiefoh, who disclosed this in a chat with journalists,...
read more
CBN Raises Interest Rate To 24.75 Percent
March 27, 2024 No Responses

CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent.  This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the...
read more
CBN Sells FX To BDCs At N1,251/$1
March 26, 2024 No Responses

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...
read more
Edo Woos More Private Investors In Solid Mineral Deposits, Others  
March 25, 2024 No Responses

Edo Woos More Private Investors In Solid Mineral Deposits, Others  

The Edo State Commissioner for Mining and Energy, Enaholo Ojiefoh, has said that the State has surplus solid mineral deposits to host more than 20 more mega plants like the ones set up and operated by Dangote Group and BUA...
read more
1 2 3 4 … 90