Economy Archives — Page 5 of 182

March 31, 2024 No Responses

Obasanjo Charges Politicians On Sacrifice, Selflessness

The Edo State Governor, Mr. Godwin Obaseki, at the weekend played host to former President Olusegun Obasanjo with the ex-president charging political leaders on sacrifice and selflessness. Obaseki received Obasanjo who was on a courtesy visit at the Government House...

March 31, 2024 No Responses

Kaduna: Sani Laments $587m, N85b Debt Burden

Kaduna State Governor, Sani Uba has disclosed that he inherited a debt burden of $587m, N85bn and 115 contractual liabilities from the immediate past administration of Nasir El-Rufai, lamenting that the huge debt has eaten deep into the state’s federal...

March 30, 2024 No Responses

With 260 Passengers, Air Peace CommencesDirect Flights To London

Nigerians have commended Air Peace for its successful inaugural flight from Lagos to London on Saturday, March 30, 2024, with a high figure of 260 passengers, marking the resumption of flight service since 2019 by an indigenous carrier to one...

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...

March 29, 2024 No Responses

TotalEnergies At 100, Reflects On Operations

With over 00,000 employees in 120 countries worldwide, TotalEnergies on Thursday, March 28th, 2024 celebrated its 100th anniversary of the Company’s creation. TotalEnergies’ 100-year history tells the story of the world and energy, from the 1920...

March 29, 2024 No Responses

NDDC Visits Foreign Scholarship Students In UK

The Niger Delta Development Commission, NDDC, is demonstrating its commitment to ensuring optimal value from its renowned foreign postgraduate scholarship programme. To achieve this, the NDDC has embarked on a Monitoring and Evaluation (M&E) visit to...

March 29, 2024 No Responses

Minister Inaugurates NAIDP Implementation Committee

Following the approval of the new Nigerian Automotive Industry Development Plan (NAIDP) by the Federal Government in 2023, the Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr Doris Nkiruka Uzoka-Anite, on Thursday, in Abuja, inaugurate...

March 29, 2024 No Responses

CBN Increases Capital Base For Banks To ₦500b

The Central Bank of Nigeria (CBN) has increased new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director, Financial Policy and Regula...

March 28, 2024 No Responses

Just In: FAAN Shuts KFC Outlet At MMIA

In line with Lagos State law on People with Special Needs , Part C , section 55 of General Provisions on Discrimination which states that ,” A person shall not deprive another person of access to any place , vehicle...

March 28, 2024 No Responses

Shippers Council Okays Haulage Rates For Eastern Ports

Negotiated and reviewed haulage rates from Eastern ports to various destinations across the country has been approved by the Nigerian Shippers’ Council (NSC).According to the NSC, the rates approved were in consideration of cost moderation and cargo transpor...

March 28, 2024 No Responses

Firm Gets $1.8b Contract For Eight LNG Vessels

Korean shipbuilding major, Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has received a construction order for eight liquefied natural gas (LNG) vessels from an undisclosed shipowner. Under the $1.8billion, the company will buil...

March 28, 2024 No Responses

Dangote Donates 80,000 Bags Of 10kg Rice to Vulnerable Lagos Residents

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of...

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,...

March 28, 2024 No Responses

Easter: FRSC Boss Directs Strategic Deployment Of Personnel

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Ali Biu has tasked Commanding Officers to ensure full deployment of staff for maximum visibility, prompt removal of obstructions and ease of movement on all highways across the country. A stateme...