Tag: Economy

FG Unveils N200b Intervention Fund For MSMEs, Manufacturers
April 23, 2024 No Responses

FG Unveils N200b Intervention Fund For MSMEs, Manufacturers

The Federal Government has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announcement on Monday in Abuja....
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Court Frees Ex-NIMASA DG Over Alleged ₦8.5b Fraud
April 23, 2024 No Responses

Court Frees Ex-NIMASA DG Over Alleged ₦8.5b Fraud

The Federal High Court sitting in Lagos has freed a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, over an alleged ₦8.5bn fraud brought against him by the Economic and Financial Crimes C...
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Edo Distributes Inputs To 1,734 Farmers
April 23, 2024 No Responses

Edo Distributes Inputs To 1,734 Farmers

The Edo State Government has commenced the distribution of farm inputs and processing equipment to smallholder farmers across the seven local government areas in Edo South Senatorial District for the 2024 planting season. The distribution was carried out throu...
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TotalEnergies Acquires Stake In Gas Firm With $530m
April 23, 2024 No Responses

TotalEnergies Acquires Stake In Gas Firm With $530m

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustment...
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Edo Unfolds Water Transportation Agenda
April 23, 2024 No Responses

Edo Unfolds Water Transportation Agenda

The Edo State Governor, Mr. Godwin Obaseki, has disclosed that the State Government has commenced the construction of water stops in various riverine communities across the State with the plan to launch the State’s water transportation system next month. Oba...
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NDLEA Nabs Three Wanted Kingpins, Intercepts Oman-Bound Drug Consignment
April 22, 2024 No Responses

NDLEA Nabs Three Wanted Kingpins, Intercepts Oman-Bound Drug Consignment

The National Drug Law Enforcement Agency (NDLEA) has arrested three members of an organized criminal organization which specializes in illicit drug trafficking across Nigeria, South Africa, Mozambique, Europe and America.  The NDLEA in a statement si...
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APC Declares Aiyedatiwa Winner Of Ondo Governorship Primary
April 22, 2024 No Responses

APC Declares Aiyedatiwa Winner Of Ondo Governorship Primary

The All Progressive Congress (APC) has declared Governor of Ondo State, Lucky Aiyedatiwa as the winner of  ward primary and the candidate of the party in the coming governorship election in the state. According to APC, Aiyedatiwa secured 48,569 votes...
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Cardoso: Naira Best Performing Currency Globally
April 21, 2024 No Responses

Cardoso: Naira Best Performing Currency Globally

Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Saturday said the apex bank’s FOREX reforms have made the naira the best-performing currency globally.  Cardoso, who at a briefing on the sidelines of the just-ended World Bank/IMF Spr...
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Michael Ugbagu Assumes Duty As Comptroller FOUC, Seeks Co-Operation
April 21, 2024 No Responses

Michael Ugbagu Assumes Duty As Comptroller FOUC, Seeks Co-Operation

Comptroller Michael Ugbagu has assumed office as the 28th Comptroller of the Federal Operations Unit zone C (FOUC) of the Nigeria Customs Service, Owerri.  Comptroller Ugbagu took over from his predecessor, Comptroller Kayode Kolade in Owerri, on Friday.&...
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Tinubu Appoints New Boards For SEC, NAICOM
April 20, 2024 No Responses

Tinubu Appoints New Boards For SEC, NAICOM

President Bola Ahmed Tinubu has approved the appointment of new boards for the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM).   A statement issued on Friday by presidential spokesman Ajuri Ngelale, explained ...
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FG, States, LGAs Share N1.1tri March Revenue
April 20, 2024 No Responses

FG, States, LGAs Share N1.1tri March Revenue

The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers of government after its April meeting in Abuja. A statement by the Director of Press and...
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Customs FOU Zone “C” Records N7b Seizures As Compt Kayode Bows Out
April 19, 2024 No Responses

Customs FOU Zone “C” Records N7b Seizures As Compt Kayode Bows Out

Between January 25th, 2023 and April 19th, 2024, the Nigeria Customs Service, Federal Operations Unit, Zone “C” seized contrabands worth N7,577,259,390.00.Outgoing Comptroller Kayode Kolade disclosed this in a farewell message while handing over to his suc...
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Afolabi Foundation To Award 2000 Scholarship In 2024
April 19, 2024 No Responses

Afolabi Foundation To Award 2000 Scholarship In 2024

The Ajoke Ayisat Afolabi Foundation (AAAF), the philanthropic arm of SIFAX Group, has set a target of awarding a scholarship to 2,000 indigent students across the country in 2024.According to Foluke Ademokun, Executive Coordinator, AAAF, while speaking on the ...
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NCDMB Lauds SNEPCO, Bayelsa Govt As Digital Library Is Inaugurated at Niger Delta University
April 19, 2024 No Responses

NCDMB Lauds SNEPCO, Bayelsa Govt As Digital Library Is Inaugurated at Niger Delta University

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended Shell Nigeria Exploration and Production Company (SNEPCo) and the Bayelsa State Government for the completion and inauguration of a Lear...
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