Category: Economy

Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly
March 9, 2024 No Responses

Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly

The Edo State Governor, Mr. Godwin Obaseki, on Friday, flagged off the “Feed the Hungry” initiative, committing over N1 billion monthly to feed poor and vulnerable residents of the State amid the hardship and suffering occasioned by the dire economic challenges. The governor...
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SIFAX Group Appoints Basil Agboarumi Executive Director
March 7, 2024 No Responses

SIFAX Group Appoints Basil Agboarumi Executive Director

SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Int...
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Heirs Energies Expands Gas Supplier To Geometric Power Plant
March 7, 2024 No Responses

Heirs Energies Expands Gas Supplier To Geometric Power Plant

Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...
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NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others
March 7, 2024 No Responses

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, ...
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Tinubu Signs Executive Orders For Oil, Gas Investments
March 7, 2024 No Responses

Tinubu Signs Executive Orders For Oil, Gas Investments

President Bola Tinubu has signed an executive order to improve the investment climate and position of Nigeria as the preferred investment destination for the oil and gas sector in Africa. This is in keeping with his commitment to remove obstacles...
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Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era
March 6, 2024 No Responses

Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era

Against the backdrop of the migration of Nigerian professionals, commonly regarded as ‘japa syndrome’ to developed countries of the world, a human resource expert, Hilda Kabushenga, CEO, The African Talent Company, has said though the factors are beyond or...
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Ghana Suspends GTB, First Bank’s Forex Licences
March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...
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NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023
March 5, 2024 No Responses

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion.  The Group experienced a...
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NADDC Boss Harps On CNG Benefits, Agenda  
March 5, 2024 No Responses

NADDC Boss Harps On CNG Benefits, Agenda  

Compressed Natural Gas (CNG) will create more jobs and wealth for Nigerians, Director-General, National Automotive Design and Development Council (NADDC), My Joseph Osanipin, reiterated on Monday.  The NADDC DG stated this at the Critique/Validation ...
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Obaseki Faults CBN’s New Monetary Policy
March 5, 2024 No Responses

Obaseki Faults CBN’s New Monetary Policy

The Governor of Edo State, Godwin Obaseki, has faulted the Central Bank of Nigeria for raising the Monetary Policy Rate by 22.75 per cent. Obaseki contended that the decision is not the answer to the ongoing economic challenges in the...
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Onyema, Murray-Bruce seek Support For Investments in Nigeria As Innoson Bags Silverbird Award
March 5, 2024 No Responses

Onyema, Murray-Bruce seek Support For Investments in Nigeria As Innoson Bags Silverbird Award

Key players in the nation’s business circle, including Senator Ben Murray-Bruce and Chief Allen Onyema, have called on Nigerians to support local investments to boost the country’s economy. The calls were made on Sunday when Chief Innocent Chukwuma...
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Experts Propose Advancing AfCFTA  Implementation As Theme Of Next Conference Of Ministers
March 3, 2024 No Responses

Experts Propose Advancing AfCFTA  Implementation As Theme Of Next Conference Of Ministers

The next Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM2025) will be held in Ethiopia in March 2025. A statement issued on Sunday explained that at the closing of the Experts Segment of...
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FG Approves 90-Day Window For Payment Of Duty On Improperly Imported  Vehicles 
March 3, 2024 No Responses

FG Approves 90-Day Window For Payment Of Duty On Improperly Imported  Vehicles 

To  enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Minister of Finance and Coordinating Minister of the Economy, has announced a 90-day window for regularizing import duties on specific ca...
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FG Pledges Mineral Data To Aid Qattari Businessmen
March 3, 2024 No Responses

FG Pledges Mineral Data To Aid Qattari Businessmen

Comprehensive data on the pattern and quantity of energy mineral Lithium are available at the Nigerian Geological Survey Agency for businesses interested in establishing lithium companies in Nigeria.Solid Minerals Development Minister Dr. Oladele Alake made th...
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