Category: Economy

Expert Projects Growth For Presco, Okomu Oil In 2025
January 23, 2025 No Responses

Expert Projects Growth For Presco, Okomu Oil In 2025

Former President of Chartered Institute of Stockbrokers (CIS) and Managing Director, Arthur Steven Asset Management Limited (ASAM), Olatunde Amolegbe, has projected growth for the Oil Palm Industry in 2025.Amolegbe’s positive outlook for the sector on Thursday in Lagos is based...
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2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings
January 23, 2025 No Responses

2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings

For the year 2025, the Nigerian stock market is poised for significant growth, Arthur Steven Asset Management Limited (ASAM) has protected with a 39 per cent return on the All-Share Index (ASI).According to Olatunde Amolegbe, Managing Director, ASAM and former...
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SEC DG: Collective Investment Schemes Increased To N3tri In 2024
January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abu...
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GOC Commends Troops For Contributions To Increased Oil Production
January 22, 2025 No Responses

GOC Commends Troops For Contributions To Increased Oil Production

The General Officer Commanding (GOC) of 6 Division, Nigerian Army (NA), Major General Jamal Abdussalam, has praised the efforts of his troops for significantly boosting oil production in the Niger Delta Region (NDR) over the past year.VIn his farewell address....
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Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest
January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue.   Presented at the Facts Behind the Rights Issue event, t...
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NCC Okays 50% Tariff Hike For Telcos
January 21, 2025 No Responses

NCC Okays 50% Tariff Hike For Telcos

The Nigerian Communications Commission (NCC) on Monday approved a 50% tariff increase for telecoms operators in the country. NCC Director, Public Affairs, Reuben Muoka in a statement explained that the price adjustment though lower than the “over 100% reques...
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Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others
January 20, 2025 No Responses

Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others

An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million...
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FG, States, LGAs Share ₦1.424tri
January 18, 2025 No Responses

FG, States, LGAs Share ₦1.424tri

A total sum of N 1.424 trillion, being December 2024 Federation Account Revenue, has been shared to the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting ...
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Tinubu Lauds Govs For Supporting Tax Reform Initiatives
January 17, 2025 No Responses

Tinubu Lauds Govs For Supporting Tax Reform Initiatives

President Bola Tinubu has expressed his appreciation for the Nigeria Governors’ Forum following their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly.President Tinubu lauds the governors for their...
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Kyari: NNPCL Remitted ₦10tri In 2024
January 16, 2025 No Responses

Kyari: NNPCL Remitted ₦10tri In 2024

For the year 2024, the Nigerian National Petroleum Company Limited (NNPCL) remitted ₦10 trillion to the federation account.  The Group Chief Executive Officer (GCEO), NNPCL, Malam Mele Kyari stated this on Wednesday during a presentation on NNPCL’s 20...
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Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos
January 15, 2025 No Responses

Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos

The Nigerian Communications Commission (NCC) has directed telecommunications companies (telcos) to disconnect the unstructured supplementary service data (USSD) codes assigned to nine banks due to unpaid debts.In a statement issued by Reuben Muoka, NCC Directo...
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CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity
January 15, 2025 No Responses

CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. The affected banks include Zenith Bank, Fidelity Bank Plc, First Bank Pl...
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NDLEA Budgets ₦67.5b For 2025
January 15, 2025 No Responses

NDLEA Budgets ₦67.5b For 2025

For the year 2025, the National Drug Law Enforcement Agency (NDLEA) has budgeted N67.5billion.  Speaking on Tuesday, Chairman of the agency, Brigadier General Mohamed Marwa (Rtd) urged the National Assembly to support the agency in its fight against subst...
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FG Reiterates Commitment To Strong, Vibrant Capital Market
January 13, 2025 No Responses

FG Reiterates Commitment To Strong, Vibrant Capital Market

The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development.The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with member...
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