Category: Economy

CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process
April 20, 2025 No Responses

CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process

Indigenous shipowners have commended the Minister of Marine and Blue Economy, Adegboyega Oyetola, over his recent directive to the Nigerian Maritime Administration and Safety (NIMASA) to begin the process for the disbursement of the Cabotage Vessel Financing Fund (CVFF).The Minister...
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KLT Customs Command Attains 61 Per Cent Increase In 2025 Q1 Revenue
April 19, 2025 No Responses

KLT Customs Command Attains 61 Per Cent Increase In 2025 Q1 Revenue

For the first quarter (QI), 2025, the Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Area Command recorded 61% increase in revenue generation while also intensifying efforts against illicit imports.Briefing Journalists, the Customs Area Control...
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Ojulari Pledges Strategic Collaboration To Deliver Presidential Mandate
April 17, 2025 No Responses

Ojulari Pledges Strategic Collaboration To Deliver Presidential Mandate

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, has reaffirmed his commitment to forging strong and effective partnerships with key stakeholders to successfully deliver on the strategic...
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Africa’s Asset Recovery Forum Seeks Action against Stolen Assets
April 16, 2025 No Responses

Africa’s Asset Recovery Forum Seeks Action against Stolen Assets

The African Asset Recovery Practitioners Forum, AARP, has charged African countries to join hands in forging a road map and actionable processes against resource theft and asset recovery on the continent. This charge was given at the ongoing inaugural meeting....
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NADDC Boss At MOMAN AGM, Harps On Local Component Production
April 16, 2025 No Responses

NADDC Boss At MOMAN AGM, Harps On Local Component Production

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin has laid out a transformative vision for Nigeria’s motorcycle and 3-wheeler industry centered on local component production.In his address at the Annu...
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FG, States, LGs Shared ₦1.5trillion
April 16, 2025 No Responses

FG, States, LGs Shared ₦1.5trillion

For the Month of March 2025, the Federation Account Allocation Committee (FAAC) has shared ₦1.578 trillion among the Federal Government, states and local governments. A communique made available by the Director, Press and Public Relations, Office of the Acco...
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CSCS Proposes N1.76 Dividend For 2024
April 15, 2025 No Responses

CSCS Proposes N1.76 Dividend For 2024

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering double-digit growth in revenue and profitability.Total revenue increased by 37% to N26.1 bill...
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Oyetola To NIMASA: Commence Process Of CVFF Disbursement
April 15, 2025 No Responses

Oyetola To NIMASA: Commence Process Of CVFF Disbursement

The Minister of Marine and Blue Economy, Adegboyega Isiaka Oyetola has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process that will lead to the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF)...
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Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO
April 13, 2025 No Responses

Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO

Seplat Energy Plc has restated its commitments to energy sustainability as it impacts people, environment and corporate governance, stressing that its focus is long-term with dividends accruable beyond today.The Chief Operating Officer, Seplat Energy, Mr. Sams...
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Shippers’ Council Harps On Digital Transformation
April 12, 2025 No Responses

Shippers’ Council Harps On Digital Transformation

The Executive Secretary/CEO, Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, has stated that the Council remains committed to its role as the port economic regulator and is actively pursuing its transition into the Nigerian Port Economic Regulatory Agency...
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Digital Assets: Nigeria Predicts Exit From Grey List
April 11, 2025 No Responses

Digital Assets: Nigeria Predicts Exit From Grey List

The Securities and Exchange Commission (SEC) has predicted that the nation may exit the grey list soon with the inclusion of digital assets regulation in the recently signed Investments and Securities Act 2025 by President Bola Ahmed Tinubu.Director General of...
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NSML,Temile Development Company Sign Letter of Intent
April 10, 2025 No Responses

NSML,Temile Development Company Sign Letter of Intent

Photo Caption: Alfred Temile, Managing Director/CEO, Temile Development Company Limited (Left) and Abdulkadir Kere Ahmed, Managing Director/CEO of NLNG Shipping and Marine Services Limited (NSML) after signing Letter of Intent in London on Wednesday. NLNG Ship...
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Shippers’ Council Brainstorm On Regulatory, Operational Capacity
April 10, 2025 No Responses

Shippers’ Council Brainstorm On Regulatory, Operational Capacity

The Nigerian Shippers’ Council (NSC) is set for a significant transformation as the Nigerian Port Economic Regulatory Agency (NIPERA) bill awaits presidential assent from President Bola Ahmed Tinubu.This development was highlighted by NSC’s Executi...
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NLNG Reintroduces N1b MSME Scheme For Host Communities
April 9, 2025 No Responses

NLNG Reintroduces N1b MSME Scheme For Host Communities

NLNG has officially reintroduced its MSME scheme in partnership with the Bank of Industry, Nigeria (BOI), “setting the stage for meaningful economic transformation in our host communities and Gas Transmission areas”.The ₦1billion fund offers acce...
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