Category: Economy

Nigeria Customs Acquires New Aircraft For Surveillance
October 7, 2024 No Responses

Nigeria Customs Acquires New Aircraft For Surveillance

As part of measures to strengthen its air surveillance capabilities, the Nigeria Customs Service (NCS) has acquired a Cessna Grand Caravan EX-208B. The Comptroller-General of Customs, Bashir Adewale Adeniyi, inspected the newly acquired aircraft on Friday, 20 September 2024, in...
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Nigeria Commences Crude Oil Sales In Naira
October 7, 2024 No Responses

Nigeria Commences Crude Oil Sales In Naira

Nigeria has officially commenced the sales of crude oil and refined petroleum products in naira, the Federal Government has announced. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, explained that in line with the Federal Executiv...
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Coscharis Technologies Announces $4b Green Power Project
October 6, 2024 No Responses

Coscharis Technologies Announces $4b Green Power Project

Coscharis Technologies Limited has secured a $4 billion power project to boost Nigeria’s energy landscape.According to Coscharis Group, the initiative will harness renewable energy sources to significantly reduce the country’s reliance on fossil fu...
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IMO Scribe Meets NIMASA DG, Lauds Nigeria On Maritime Security
October 6, 2024 No Responses

IMO Scribe Meets NIMASA DG, Lauds Nigeria On Maritime Security

The Secretary-General, International Maritime Organization (IMO), Arsenio Dominguez, has commended Nigeria for leading the charge to maintain the safety and security of commercial shipping in the Gulf of Guinea.Arsenio Dominguez, who stated this during a meeti...
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Niger Delta Chamber Of Commerce Seeks Training Centres
October 6, 2024 No Responses

Niger Delta Chamber Of Commerce Seeks Training Centres

Former President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Chief George Udagba, has enjoined the Niger Delta Chamber of Commerce, Industry Mines and Agriculture, NDCCITMA, to establish vocational training centres...
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Liyel Imoke: Alleged Expenditure Of $16b Delayed Power Sector Reforms
October 6, 2024 No Responses

Liyel Imoke: Alleged Expenditure Of $16b Delayed Power Sector Reforms

Former minister of power, who later served as Governor of Cross River State, Senator Liyel Imoke, has described alleged “expenditure” of $16 billion on the power sector by the Olusegun Obasanjo administration as misleading. Imoke, who was also Chairman of....
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Tinubu Submits Tax Reform Bills To NASS
October 4, 2024 No Responses

Tinubu Submits Tax Reform Bills To NASS

The Senate has received President Bola Tinubu’s communication seeking consideration and passage of the proposed Fiscal Policy and Tax Reform Bill to align with ongoing financial reforms of the Federal Government and enhance efficiency in tax compliance. The ...
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Hyundai Nigeria Unveils Locally Assembled CNG Vehicles With Auto Finance Options
October 3, 2024 No Responses

Hyundai Nigeria Unveils Locally Assembled CNG Vehicles With Auto Finance Options

President Bola Ahmed Tinubu’s CNG Initiative (Pi-CNG) has recorded a boost as Hyundai Nigeria rolled out CNG vehicles for various categories of automobile users across the country.Assembled in Nigeria, the models include Hyundai Grand i10, Hyundai Accent...
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NPA Raises One Stop-Shop For Sale Of Crude In Naira To Dangote Refinery
October 3, 2024 No Responses

NPA Raises One Stop-Shop For Sale Of Crude In Naira To Dangote Refinery

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Thursday, disclosed that the implementation of the Federal Government directive on sale of crude oil and Petroleum products to Dangote Refinery in Naira has commenced.Speaking whe...
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SEC, NGX Group Visit Johannesburg Stock Exchange
October 3, 2024 No Responses

SEC, NGX Group Visit Johannesburg Stock Exchange

A high-level delegation from Nigerian Exchange Group Plc (NGX Group), led by the Group Chairman, Alhaji (Dr.) Umaru Kwairanga, alongside top officials from the Securities and Exchange Commission (SEC), headed by the Director General, Dr. Emomotimi Agama, recen...
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UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24
October 1, 2024 No Responses

UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24

For the half year ended June 30, 2024, United Bank for Africa (UBA) has grown its earnings by 40 per cent to N1.37 trillion and declared an interim dividend of N2.00 per share. The audited financials released to the Nigerian Exchange Limited...
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Access Bank Strengthens Women Empowerment In Southern Africa
September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support pro...
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SEC Nigeria Vows To Tackle Illegal Fund Managers
September 29, 2024 No Responses

SEC Nigeria Vows To Tackle Illegal Fund Managers

The Securities and Exchange Commission(SEC) has warned entities engaged in illegal fund management activities to desist forthwith or be ready to face the full wrath of the law.Director General of the Securities and Exchnage Commission, Dr. Emomotimi Agama stat...
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At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy
September 29, 2024 No Responses

At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy

For Nigeria to achieve the $1trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasized on the need for banks and Fintech companies to collaborate and drive the real sector growth....
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