Category: Economy

Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks
October 28, 2022 No Responses

Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing.   Emefiele gave the advice at the 2nd National Risk Management Conference,...
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FBN Holdings Declares N91.2b Profit In Q3  
October 28, 2022 No Responses

FBN Holdings Declares N91.2b Profit In Q3  

For the third quarter ended September 30, 2021, FBN Holdings (FBNH) Plc has declared a profit after tax (PAT) of N91.2 billion, amounting to a growth of 123.6 per cent when compared with N40.8 billion achieved in the comparative period of...
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Grimaldi Secures Order For Five Car Truck Carriers  
October 27, 2022 No Responses

Grimaldi Secures Order For Five Car Truck Carriers  

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...
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Hyundai breaks Ground On $5.5b EV, Battery Plant  
October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant  

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States.   According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...
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FIRS Begins Direct Collection Of Taxes From Online Gaming Operators
October 27, 2022 No Responses

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution.     In a Public Notice signed by its E...
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US Coast Guard Lauds NIMASA
October 25, 2022 No Responses

US Coast Guard Lauds NIMASA

The United States Coast Guard, USCG, through Captain Brian Lisko of the US Department of State has commended the efforts of the Nigerian Government to suppress criminality in Nigeria’s maritime domain and by extension the Gulf of...
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Meshioye Emerges 11th President Of MAN
October 25, 2022 No Responses

Meshioye Emerges 11th President Of MAN

 A businessman, Otunba Francis Meshioye has emerged 11th President of the Manufacturers Association of Nigeria (MAN). A statement issued on Monday by the association’s Public Relations Officer, Mrs Omotayo Okewunmi, explained that Meshioye was elected a...
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Consider Nigeria Choice Investment Destination, Emefiele Urges Foreign Investors
October 17, 2022 No Responses

Consider Nigeria Choice Investment Destination, Emefiele Urges Foreign Investors

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged foreign investors to consider Nigeria and other African countries as choice destinations for investment. According to a post on CBN Twitter handle, Emefiele made the call...
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Concession Agreement: NPA Conculdes Report, Seeks FG’s  Approval 
October 1, 2022 No Responses

Concession Agreement: NPA Conculdes Report, Seeks FG’s  Approval 

The  management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be submitted to the Federal Ministry of Trans...
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Cross River Concessions Cocoa Processing Plant  
September 21, 2022 No Responses

Cross River Concessions Cocoa Processing Plant  

Cross River Government has concessioned the ultra-model cocoa processing plant in Ikom, Ikom Local Government Area of the state to a private firm, AA Universal Agro Industries Ltd.   The Governor, Prof. Ben Ayade, explained during the handover in Calabar....
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UBA Begins Cross-Border Transactions With PAPSS In Q4  
September 20, 2022 No Responses

UBA Begins Cross-Border Transactions With PAPSS In Q4  

United Bank for Africa Plc (UBA) is to commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022.    Group Head, Digital Banking, UBA, Mr Kayode Olubiyi, expained on Tuesday at a.....
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Shippers’ Council Implores Stakeholders On Seaports Automation
September 20, 2022 No Responses

Shippers’ Council Implores Stakeholders On Seaports Automation

The Nigeria Shippers Council (NSC) has urged maritime stakeholders to support ongoing automation of the nation’s seaports.   Speaking as one of the panelists at the 2022 annual Finance Correspondents Association of Nigeria (FICAN) conference in Lagos, A...
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Shippers’ Council, NEXIM, NIWA, Navy,  Strengthen Regional Shipping Line Partnership  
September 20, 2022 No Responses

Shippers’ Council, NEXIM, NIWA, Navy,  Strengthen Regional Shipping Line Partnership  

The Nigeria Export-Import Bank (NEXIM) is currently working with the Nigeria Shippers’ Council (NSC), Nigerian Navy, National Inland Waterways Authority (NIWA) as part of measures to ensure smooth execution of the sub-Saharan regional shipping line project s...
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Yobe Earmarks N10.8b For Road Projects 
September 20, 2022 No Responses

Yobe Earmarks N10.8b For Road Projects 

The Yobe State Government, on Tuesday, disclosed that it will utilise N10.8 billion of the N18 billion refund received from the Federal Government on road construction projects.   The News Agency of Nigeria (NAN) reports that the recent N18 billion...
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