Category: Economy

Nigeria’s Debt Up By ₦24.33trn In Three Months
June 21, 2024 No Responses

Nigeria’s Debt Up By ₦24.33trn In Three Months

Debt Management Office (DMO) on Thursday disclosed that Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt...
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NDDC Engages Afreximbank On Development Strategies
June 20, 2024 No Responses

NDDC Engages Afreximbank On Development Strategies

The Niger Delta Development Commission, NDDC, has started discussions with officials of the African Export-Import Bank, Afreximbank, as part of its efforts to collaborate with development partners in the quest for economic growth in the Niger Delta region. Spe...
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Nigeria’s Inflation Rises To 33.95 Per Cent 
June 16, 2024 No Responses

Nigeria’s Inflation Rises To 33.95 Per Cent 

Nigeria’s inflation rate increased to 33.95 per cent in May 2024, the National Bureau of Statistics (NBS) disclosed in its latest data. According to the NBS Consumer Price Index report released on Saturday, this represents an increase of 0.26% points...
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Ecobank’s “Adire Lagos” Opens With Over 100 Exhibitors
June 15, 2024 No Responses

Ecobank’s “Adire Lagos” Opens With Over 100 Exhibitors

The annual Ecobank “Adire Lagos” exhibition has taken off in grand style with over 100 exhibitors showcasing their wares.  The 4-day fair which opened June 14 and ends 17th, is taking place at the Ecobank Pan African Centre (EPAC) complex...
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Tinubu Appoints Tanimu Yakubu As DG Budget Office
June 14, 2024 No Responses

Tinubu Appoints Tanimu Yakubu As DG Budget Office

President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze. Mr. Yabuku is an accomplished economist and was Chief...
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NLC Insists On ₦250k Minimum Wage
June 13, 2024 No Responses

NLC Insists On ₦250k Minimum Wage

Apparently reacting to the 2024 President Bola Ahmed Tinubu’s Democracy Day speech, the Nigeria Labour Congress (NLC) has insisted on N250,000 as minimum wage. The committee on the new minimum wage had submitted its report to the Federal Government, pegging....
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NDDC Budgets N1.9trillion For 2024
June 11, 2024 No Responses

NDDC Budgets N1.9trillion For 2024

The Niger Delta Development Commission, NDDC, has presented its budget proposals of N1.911 Trillion for 2024 to the Senate Committee on the NDDC at the National Assembly. Presenting the proposals to the Senate Committee, chaired by Senator Asuquo Ekpeyong, th...
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FG, States, LGs Share N1.1trillion May Revenue
June 11, 2024 No Responses

FG, States, LGs Share N1.1trillion May Revenue

The Federal Government, States and Local Government Councils in the country have shared N1,143.210 trillion May 2024 Federation Accounts Revenue. The Federation Accounts Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its lates...
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Green Marine Certifies First Terminal
June 9, 2024 No Responses

Green Marine Certifies First Terminal

Canadian terminal operator, LOGISTEC, has revealed that its Deception Bay terminal, located in the Arctic region, is now officially certified as part of the Green Marine Environmental Program — the first terminal to be certified in the Far North. With...
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Oyetola To Visit NIWA, Inaugurate Projects
June 9, 2024 No Responses

Oyetola To Visit NIWA, Inaugurate Projects

The Minister of Marine and Blue Economy, Adegboyega Oyetola, will on Tuesday, June 11, embark on a one-day working visit to the National Inland Waterways Authority (NIWA) headquarters, in Lokoja, Kogi State. This was disclosed in a statement by the...
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LSM CEO, Taiwo Shittu Unfolds Agenda For CNG Buses, Lauds Tinubu’s Initiative
June 8, 2024 No Responses

LSM CEO, Taiwo Shittu Unfolds Agenda For CNG Buses, Lauds Tinubu’s Initiative

Managing Director and Chief Executive Officer, Lanre Shittu Motors(LSM)Ltd, Taiwo Shittu has commended President Bola Ahmed Tinubu for the ongoing reforms in Nigeria’s automotive sector and mass transportation initiatives in the country through CNG buses...
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NGX Launches New USSD To Enhance Capital Market Access
June 8, 2024 No Responses

NGX Launches New USSD To Enhance Capital Market Access

Nigerian Exchange (NGX) Limited has urged investors to leverage on its new USSD platform for enhanced capital market access.  NGX stated this at its Investor Education Series, partnered with Meristem via a zoom meeting held with the theme, ‘Unlocking Po...
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EFCC Tasks Car Dealers On Registration
June 4, 2024 No Responses

EFCC Tasks Car Dealers On Registration

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyede has called on car dealers across the country to ensure that they register with the Special Control Unit against Money Laundering (SCUML), a department in the...
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Minimum Wage: FG, Labour Reach Agreement
June 4, 2024 No Responses

Minimum Wage: FG, Labour Reach Agreement

The Federal Government and representatives of organised labour have agreed on a new minimum wage that is above N60,000.  The agreement was reached at the end of a meeting held on Monday between leaders of the Nigeria Labour Congress (NLC), Trade Union Cong...
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