Category: Economy

CBN Explains High Remittance Inflows Of $553m In July
August 21, 2024 No Responses

CBN Explains High Remittance Inflows Of $553m In July

For the Month of July, 2024, the Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553m, a 130 per cent increase from the corresponding period in 2023. A statement by the Apex bank’s Ag....
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Minister Reiterates Support For Badagry Deep Seaport
August 20, 2024 No Responses

Minister Reiterates Support For Badagry Deep Seaport

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has reiterated the Ministry’s commitment to facilitate the process that would lead to the realization of the Badagry Deep Sea port project.Speaking on Tuesday in Abuja during a meeting with the...
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NADDC, AAAM Team Visit Mikano, Vita Parts, Chanrai, Others
August 20, 2024 No Responses

NADDC, AAAM Team Visit Mikano, Vita Parts, Chanrai, Others

Inline with the developmental programmes of the 2023-Nigeria Automotive Industry Development Plan geared towards enhancing automotive components Integration in the industry, the National Automotive Design and Development Council (NADDC) and the African Associa...
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NPA Set To Implement Electronic Call-Up At Onne Port Complex
August 20, 2024 No Responses

NPA Set To Implement Electronic Call-Up At Onne Port Complex

Photo Caption: Managing Director / CEO Nigerian Ports Authority (NPA) Dr. Abubakar Dantsoho (Middle), Executive Director Marine & Operations NPA , Engr. Olalekan Badmus (4th Left), Chief Executive Officer Callup Technology Services Limited Mr. Timi Koleolu...
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NNPC Declares N3.3tri Net Profit, N2.1tri Dividend
August 19, 2024 No Responses

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend

The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the...
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Oil Palm: Edo Flags Off New Phase With 50,000 Hectares
August 18, 2024 No Responses

Oil Palm: Edo Flags Off New Phase With 50,000 Hectares

The Edo State Governor, Mr. Godwin Obaseki, at the weekend flagged off the second phase of the Edo State Oil Palm Programme (ESOPP) with about 50,000 hectares of land at Okogbo Community in Orhionmwon Local Government Area of the State.Obaseki,...
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TotalEnergies Starts Production From Anchor Field
August 18, 2024 No Responses

TotalEnergies Starts Production From Anchor Field

TotalEnergies has announced the start of production from the Anchor field, located in the US Gulf of Mexico, in which the Company has a 37.14% interest alongside operator Chevron (62.86%). Located 225 kilometers off the Louisiana coast, Anchor, which developme...
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NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project
August 17, 2024 No Responses

NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurem...
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FG, States, LGAs Share N1.358trilion In July
August 17, 2024 No Responses

FG, States, LGAs Share N1.358trilion In July

For the Month of July, 2024, N1.3 trillion has been disbursed to the Federal , State and Local Government Areas. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. A...
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DMO Offers Two FG Savings Bonds For Subscription
August 13, 2024 No Responses

DMO Offers Two FG Savings Bonds For Subscription

The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to a statement by the DMO on Monday, the first offer is a two-year FGN savings bond due...
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Economic Sabotage: Count NNPC Out, Says Kyari  
August 8, 2024 No Responses

Economic Sabotage: Count NNPC Out, Says Kyari  

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.Kyari, who...
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Full Text Of Tinubu’s Address To Nigerians
August 4, 2024 No Responses

Full Text Of Tinubu’s Address To Nigerians

BROADCAST BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE NATIONWIDE PROTESTDATE: SUNDAY 4TH AUGUST 2024My fellow Nigerians,1. I speak to you today with a heavy heart and...
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Capital Market Investors Recover N219b
August 3, 2024 No Responses

Capital Market Investors Recover N219b

The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidel...
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Obaseki Flags Off Distribution of 56,000 Bags of Rice
July 29, 2024 No Responses

Obaseki Flags Off Distribution of 56,000 Bags of Rice

The Edo State Governor, Mr. Godwin Obaseki, at the weekend, flagged off the second phase of the Christian Feeding Programme (CFP) with the distribution of 56,250 bags of 10kg rice across the State as part of efforts to alleviate suffering...
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