Category: Economy

“Nigeria Generated N28.6tri From Oil, Non-Oil Sources In Five Years”
September 23, 2019 No Responses

“Nigeria Generated N28.6tri From Oil, Non-Oil Sources In Five Years”

The Nigeria Extractive Industries Transparency Initiative (NEITI) has declared that  N28.58 trillion was remitted to the Federation Account between 2012 and 2016 from mineral revenues, non-mineral revenues and Value Added Tax (VAT). NEITI disclosed this on its latest Fiscal Allocation...
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Employers Blame Poverty In Africa On Incompetent Leaders, Corruption
September 20, 2019 No Responses

Employers Blame Poverty In Africa On Incompetent Leaders, Corruption

The United Kingdom based Federation of International Employers (FedEE) on Thursday decried the state of poverty in Africa.  In a release titled: ‘Why is Africa Poor?, the group said: “Most African countries have vast mineral resources, a rapidly growi...
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Innoson Joins Competition In Pick Up Segment
September 19, 2019 No Responses

Innoson Joins Competition In Pick Up Segment

Innoson has joined ongoing competition in the Pick-Up segment in the Nigerian market.The company recently supplied 100 units to the Enugu state government  Conducting Journalists round the vehicles in Enugu, the state Governor, Ifeanyi Ugwuanyi, explained tha...
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Buhari Names New Economic Team
September 17, 2019 No Responses

Buhari Names New Economic Team

President Muhammadu Buhari has constituted an Economic Advisory Council (EAC). The Chairman of the Council, according to a statement by the Special Adviser on Media and Publicity, Femi Adesina, is Prof. Doyin Salami. Dr. Mohammed Sagagi is the Vice Chairman...
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ICRC Explains Economic Opportunities Partnership With TEF In Conflict Prone Regions
September 13, 2019 No Responses

ICRC Explains Economic Opportunities Partnership With TEF In Conflict Prone Regions

At the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony O. Elumelu, Founder of the Tony Elumelu Foundation and Peter Maurer, President of the International Committee of the Red Cross (ICRC) proffered...
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EFCC Seeks CBN’s Support In Fight Against Corruption
September 4, 2019 No Responses

EFCC Seeks CBN’s Support In Fight Against Corruption

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has  solicited the support of the Central Bank of Nigeria (CBN) in the fight against corruption, noting that the apex bank’s strategic position in the financial sec...
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Buhari Welcomes Investments From Japan Bank, Toyota
August 31, 2019 No Responses

Buhari Welcomes Investments From Japan Bank, Toyota

President Muhammadu Buhari Friday held investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan....
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Elumelu To Japan: Partner With Us In Empowering African Entrepreneurs
August 30, 2019 No Responses

Elumelu To Japan: Partner With Us In Empowering African Entrepreneurs

Foremost African investor and philanthropist Tony O. Elumelu, has challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs.  In keynote speech, delivered before global leaders, at the 7th ...
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SIFAX Group Consolidates Operation With 25 New Trucks, Four Harbour Cranes, Others
August 28, 2019 No Responses

SIFAX Group Consolidates Operation With 25 New Trucks, Four Harbour Cranes, Others

By Moses Ebosele, ebosele@hotmail. com To sustain faster turnaround of its operations, Sifax Group has placed order for 24 new trucks, four mobile harbor cranes and other strategic equipments.Already, a subsidiary of the Group, Skyway Aviation Handling Company...
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Regional Integration Tops Agenda As Nigeria Host Global Maritime Security Conference
August 25, 2019 No Responses

Regional Integration Tops Agenda As Nigeria Host Global Maritime Security Conference

By Moses Ebosele, ebosele@hotmail.com The 2019 Global Maritime Security Conference (GMSC) is to hold  October 7th—9th, at the International Conference Centre, Abuja, Nigeria.Hosted by Nigerian Maritime Administration and Safety Agency (NIMASA),...
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Investors Consolidate 3.4b Shares
August 25, 2019 No Responses

Investors Consolidate 3.4b Shares

Investors Consolidate 3.4b Shares The Securities and Exchange Commission (SEC), has announced that considerable progress has been made in the implementation of its consolidation of multiple shareholder accounts and electronic Dividend Mandate Management System...
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FRSC Officials, Five Others Arrested For Extortion
August 19, 2019 No Responses

FRSC Officials, Five Others Arrested For Extortion

A Joint Inter-Agency Team led by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested 37 officials of the Federal Road Safety Corps (FRSC) for allegedly extorting money from motorists on Nigerian highways.The Team, compri...
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Ambode Denies Link To N9.9b Bank Account
August 9, 2019 No Responses

Ambode Denies Link To N9.9b Bank Account

The immediate past governor of Lagos State, Mr. Akinwunmi Ambode, has denied ownership of any bank account containing N9.9billion.The Economic and Financial Crimes Commission (EFCC) recently disclosed that it had frozen certain accounts linked to some former l...
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Nigeria To Address VAT Exemption, Others On Capital Market Transactions
August 5, 2019 No Responses

Nigeria To Address VAT Exemption, Others On Capital Market Transactions

The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption on capital market transactions.This was stated by Vice President Yemi Osibanjo at the Awards Night of the...
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