Category: Economy

Lagos To Deploy 1,000 CNG Buses In 2024
December 20, 2023 No Responses

Lagos To Deploy 1,000 CNG Buses In 2024

The Lagos State Government is to deploy about 1,000 Compressed Natural Gas (CNG)-buses before the end of 2024.  Already, the State has concluded plans to take delivery of 100 units of CNG Buses and 50 electric buses from the Federal...
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Lagos Begins Payment Of N50,000 Trader Money
December 18, 2023 No Responses

Lagos Begins Payment Of N50,000 Trader Money

As part of measures to cushion the effect of economic challenges and empower small businesses in the state, the Lagos State Government has announced the payment of N50,000 palliative to support 15,000 traders across the 57 local council development areas...
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Innoson Chairman, Innocent Chukwuma Bags 2023 Auto Personality Award
December 16, 2023 No Responses

Innoson Chairman, Innocent Chukwuma Bags 2023 Auto Personality Award

Foremost industrialist and Chairman/Chief Executive Officer, Innoson Vehicles Manufacturing Company  Limited (IVM}, Chief Innocent Chukwuma, CON, has been honoured by the Nigeia Auto Journalists Association (NAJA) for, among other things, pioneering the m...
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Oyetola To Prioritize Modernization, Rehabilitation Of Ports In 2024, Budget N10.9b
December 14, 2023 No Responses

Oyetola To Prioritize Modernization, Rehabilitation Of Ports In 2024, Budget N10.9b

The Minister of Marine and Blue Economy, Adegboyega Oyetola has presented a N10.9bn, 2024 budget for his Ministry to the joint House Committees of the Senate on Marine Transport and the House of Representatives Committees on Ports and Harbour, Maritime...
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NGX All-Share Index Hits 72,000 Mark
December 14, 2023 No Responses

NGX All-Share Index Hits 72,000 Mark

The All-Share Index (ASI) of Nigerian Exchange (NGX), on Wednesday, crossed the 72,000 mark, increasing to 72,299.79 points.. The figure represents an increase of 392.53 points, representing a 0.55 percent when compared with 71,907.26 recorded at the previous ...
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NADDC DG, NGEP Chair, Innoson Chair, Others To Grace 2023 NAJA Awards
December 11, 2023 No Responses

NADDC DG, NGEP Chair, Innoson Chair, Others To Grace 2023 NAJA Awards

The Director General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, Chairman of Innoson Vehicle Manufacturing Co, Chief Innocent Chukwuma, and the Chairman of National Gas Expansion Program (NGEP), Muhammed Ibrahim, are amo...
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Rubber Processing Firm To Expand Plantations In Edo
December 11, 2023 No Responses

Rubber Processing Firm To Expand Plantations In Edo

The Rubber Estates Nigeria Limited (RENL) has disclosed plans to strengthen its partnership with the Edo State Government to establish a rubber processing factory, expand its out-grower scheme and facilitate the reactivation of dormant rubber plantation...
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NIMASA Photo News
December 11, 2023 No Responses

NIMASA Photo News

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA),  Dr Bashir Jamoh OFR paid a working visit to the Chief of Naval Staff, Vice Admiral E I Ogala in a quest to deepen the relationship between NIMASA and the...
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Honda Sustains Production In Nigeria, Insists On Quality
December 8, 2023 No Responses

Honda Sustains Production In Nigeria, Insists On Quality

By Moses Ebosele, ebosele@hotmail.com Honda Automobile Western Africa Limited (HAWA) has reiterated its commitment to sustain production in Nigeria despite various challenges. Briefing Journalists after a factory tour, the company explained that though it...
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DMO Auctions N360b FGN Bonds
December 6, 2023 No Responses

DMO Auctions N360b FGN Bonds

The Debt Management Office (DMO), on Tuesday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction. According to a statement issued by the DMO, the first offer is April, 2029...
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At CFA Investment Summit, Experts Project Africa As Next Best FDIs Frontier
December 4, 2023 No Responses

At CFA Investment Summit, Experts Project Africa As Next Best FDIs Frontier

With over 400 million young Africans getting ready with the right professions, talents and skills set to be exported into the global workforce, the continent stands the chance of emerging the best destination for Foreign Direct Investments (FDIs) by the...
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SEC Harps On Collaboration To Enhance Economic Growth
December 3, 2023 No Responses

SEC Harps On Collaboration To Enhance Economic Growth

The Securities and Exchange Commission (SEC) has called for an active collaboration between the government and market participants to enhance market growth and facilitate economic development.  The Director-General of SEC,  Mr Lamido Yuguda, made the...
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Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade
December 2, 2023 No Responses

Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade

The Nigerian Shippers’ Council (NSC) has reiterated its commitment to work with the management of Lekki Deep Seaport as part of measures to promote seamless movement of cargoes. The Executive Secretary and Chief Executive Officer of NSC, Barr....
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Lagos Seeks Collaboration With African Leaders On Continent’s Investment Potentials
November 30, 2023 No Responses

Lagos Seeks Collaboration With African Leaders On Continent’s Investment Potentials

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has charged African leaders, policymakers, intellectuals and all Africans, to initiate strategies that will deliver balanced and equitable development that leaves no one behind. The Governor made this call a...
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