Economy Archives — Page 4 of 183

April 11, 2024 No Responses

NNPC Chief Harps On Role Of Gas In Driving Economic Growth, Industrial Development

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari, has reiterated the crucial role of natural gas in Fuelling economic growth and industrial development in Nigeria. Kyari, who was speaking at...

April 9, 2024 No Responses

UBA Declares N2.30kobo Final Dividend For 2023

United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023. The 2023 financials, filed by the Bank at Nigerian Exchange Limited (NGx) on Monday, showed an impressive leap in gross...

April 9, 2024 No Responses

FG Inaugurates 6,000 TEU Capacity Private Jetty, Container Terminal At Apapa

THE Federal Government has inaugurated a newly constructed 6,000 TEU capacity private Jetty and Container Terminal in Apapa, Lagos. Mr Mohammed Bello-Koko, the Managing Director of the NPA, who commended the project during the inaugural ceremony on Monday, sai...

April 9, 2024 No Responses

GTCO Declares N609.3b Profit For 2023

For the financial Year ended December 31, 2023, GUARANTY Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion, amounting to an increase of 184.5 per cent over N214.2billion recorded in the corresponding year. The group...

April 9, 2024 No Responses

NGX Group GMD Elected CSCS Chairman

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX Group), Mr. Temi Popoola, has been elected Chairman of Central Securities Clearing System (CSCS) Plc, effective April 1, 2024; succeeding Mr. Oscar N. Onyema, OON, who retired ...

April 8, 2024 No Responses

Edo Swears In New Deputy Governor

38-year-old Omobayo Marvellous Godwins has been sworn in as the new Deputy Governor of Edo State. He was sworn in, on Monday, at the Festival Hall, Government House, Benin City, by the Edo State Chief Judge, Hon. Justice Daniel Iyobosa...

April 8, 2024 No Responses

NGX Group Acquires Stake In Ethiopian Securities Exchange

Nigerian Exchange Group Plc (NGX Group) has announced what it described as “a significant investment” in the Ethiopian Securities Exchange (ESX). A statement issued at the weekend explained that NGX Group is among the top institutional investors that...

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)...

April 7, 2024 No Responses

VFD Group CEO, Nonso Okpala Joins CSCS Board

Central Securities Clearing System Plc (CSCS), Nigeria’s premier Financial Market Infrastructure company, has appointed Nonso Okpala, Group Managing Director/CEO of VFD Group, into its Board. Nonso Okpala, who currently serves as the Group Managing Direc...

April 7, 2024 No Responses

Lagos To Seal Supermarkets Over Non-Disclosure Of Price Tags

The Lagos State Government has directed supermarkets and grocery stores throughout the state to display price tags on all products, warning that failure to comply may result in the sealing of non-compliant establishments. In a statement on its webs...

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,...

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...

April 5, 2024 No Responses

NDDC To Acquire Tractors For Mechanized Farming

The Niger Delta Development Commission, NDDC, has announced plans to purchase modern farming equipment, such as tractors, to boost its agricultural initiatives, notably the Holistic Opportunities, Projects, and Engagement (HOPE) project.Speaking during a visit...

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...