Category: Economy

Lagos Unveils Economic Stimulus, Targets 200,000 Households
March 28, 2020 No Responses

Lagos Unveils Economic Stimulus, Targets 200,000 Households

Governor Babajide Sanwo-Olu of Lagos State has unveiled an economic stimulus package for the indigent and the most vulnerable in the society . This comes few days after a stay-at-home directive to residents in order to curtail the spread of...
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Zenith General Insurance Partners MTN On Mobile Insurance Service In Nigeria
March 20, 2020 No Responses

Zenith General Insurance Partners MTN On Mobile Insurance Service In Nigeria

Zenith General Insurance Company Limited also known as Zenith Insurance has, in a trailblazing move, partnered with Telecommunications giant – MTN Nigeria to provide the first ever mobile insurance service in Nigeria.A statement explained that ssing the USSD...
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Electric Cars: NADDC Lauds Stallion Motors-Hyundai Initiative
March 20, 2020 No Responses

Electric Cars: NADDC Lauds Stallion Motors-Hyundai Initiative

By Moses Ebosele, ebosele@hotmail.com The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu,MFR, has commended resolve by the management of Stallion Motors-Hyundai to introduce electric cars in Nigeria before the e...
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COVID-19 Threatens 25m Jobs Worldwide
March 18, 2020 No Responses

COVID-19 Threatens 25m Jobs Worldwide

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO). However,ILO advocates an internationally coordinated pol...
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NNPC Explains PMS Price Adjustment
March 18, 2020 No Responses

NNPC Explains PMS Price Adjustment

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.Effective 19th March 2020, NNPC Ex-Coastal price for PMS...
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Ecobank Transnational Incorporated Rejigs Board
March 18, 2020 No Responses

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated...
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NNPC To Professionals: Find Solutions To Oil Industry Challenges
March 18, 2020 No Responses

NNPC To Professionals: Find Solutions To Oil Industry Challenges

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.The Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge ...
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Senate Mulls Downward Review Of 2020 Budget
March 17, 2020 No Responses

Senate Mulls Downward Review Of 2020 Budget

The Senate on Tuesday said it may consider a downward review of 2020 budget of N10.5 trillion passed by the National Assembly and assented by President Muhammadu Buhari.The Senate resolution followed adoption of recommendations of its joint committees on Finan...
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Nigeria High Commission In Canada Suspends Passport Issuance
March 17, 2020 No Responses

Nigeria High Commission In Canada Suspends Passport Issuance

The Nigeria High Commission in Ottawa, Canada, on Tuesday said that it had suspended passport processing for Nigerians in different Canadian communities, to prevent the spread of the Coronavirus (COVID-19).The commission said in a statement made available to t...
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Zenith Bank Rewards Shareholders With N87.9b Dividend
March 17, 2020 No Responses

Zenith Bank Rewards Shareholders With N87.9b Dividend

By Moses Ebosele, ebosele@hotmail.com For the 2019 financial year, Shareholders of Zenith Bank Plc, on Monday,  in Abuja, unanimously approved final dividend of N2.50 per share, bringing the total dividend payment to N2.80 per share with a total valu...
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Jos Inland Dry Port Gets New Investor
March 12, 2020 No Responses

Jos Inland Dry Port Gets New Investor

By Moses Ebosele, ebosele@hotmail.com The Inland Container Depot (ICD) in Heipang, Jos, Plateau State is set to get a new investor following the buyout of the Duncan Maritime Ventures, the concessionaire of the project.Addressing stakeholders in Lagos , E...
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Nigeria To Reduce Cost Of Crude Oil Production
March 11, 2020 No Responses

Nigeria To Reduce Cost Of Crude Oil Production

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria a choice destination ...
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Senate Passes Companies And Allied Matters Amendment Bill
March 10, 2020 No Responses

Senate Passes Companies And Allied Matters Amendment Bill

The Senate on Tuesday passed the Companied and Allied Matters Act amendment bill, 2020.The passage of the bill by the upper chamber was sequel to a clause-by-clause consideration of the bill in a committee of the whole.The piece of legislation...
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Nigeria Unveils $1b Locally-Assembled Vehicles
March 9, 2020 No Responses

Nigeria Unveils $1b Locally-Assembled Vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) on Monday commissioned $1billion worth of locally-assembled vehicles.The vehicles are locally produced by 17 companies including...
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