Category: Economy

Why Multinationals Are Leaving Nigeria, By Minister
June 3, 2024 No Responses

Why Multinationals Are Leaving Nigeria, By Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the government is working on the economic and investment climate to attract more multinationals into Nigeria. Edun, who was a guest on Channels Television’s Sunday Politics programme, said multinational...
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Oil Exploration To Begin In Ogun
June 1, 2024 No Responses

Oil Exploration To Begin In Ogun

The Nigerian National Petroleum Corporation Limited (NNPCL) is to begin oil and gas exploration in Ogun State.   Under the arrangement, the State Government has received a delegation from the Federal Government in Abeokuta, the state capital. On...
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House Committee Seeks Alternative Funding For Deep Blue Project
May 27, 2024 No Responses

House Committee Seeks Alternative Funding For Deep Blue Project

Honorable Uduak Odudoh,  the Acting Chairman of the House Committee on Maritime Safety, Education and Administration, has called for seeking alternate sources of funding for the Federal Government Integrated National Security and Waterways Protection Infr...
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FG To Increase Tax Collection Efficiency
May 24, 2024 No Responses

FG To Increase Tax Collection Efficiency

Vice President Kashim Shettima says the Administration of President Bola Tinubu is targeting to increase the efficiency of tax collection in the country as he reassures Nigerians that there is no plan to impose more taxes on the citizens. He...
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CBN Issues Approved Guidelines For BDCs
May 23, 2024 No Responses

CBN Issues Approved Guidelines For BDCs

The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its new circular released on Wednesday, the minimum capital base for Tier-1 BDCs is N2bn...
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TotalEnergies Unveils Kaminho Deepwater Project
May 22, 2024 No Responses

TotalEnergies Unveils Kaminho Deepwater Project

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANP...
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CBN Raises Interest Rate To 26.25 %
May 22, 2024 No Responses

CBN Raises Interest Rate To 26.25 %

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy...
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DMO Raises N4.9tri For Ways And Means Securisation
May 21, 2024 No Responses

DMO Raises N4.9tri For Ways And Means Securisation

The Debt Management Office (DMO) has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. “For the Ways and Means, out of the N7 trillion approved for securitisation, we have raised N4.905 trillion,” Oniha said....
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NCC Suspends Issuance Of Virtual Operators Licence
May 18, 2024 No Responses

NCC Suspends Issuance Of Virtual Operators Licence

The management of Nigerian Communication Commission (NCC) has temporarily suspended new licence issuance to operators in three categories. The categories affected include Mobile Virtual Network Operator Licence, Interconnect Exchange Licence and Value Added Se...
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FG, States, LGAs Share N1.2Trillion April Revenue
May 17, 2024 No Responses

FG, States, LGAs Share N1.2Trillion April Revenue

A total sum of N1.2trillion April 2024 Federation Account Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue was shared at the May 2024 meeting of the Federation Accounts Allocation Committee...
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Nigeria’s Inflation Hits 33.69 Per Cent
May 16, 2024 No Responses

Nigeria’s Inflation Hits 33.69 Per Cent

Nigeria’s inflation rate rose to 33.69% in April 2024 compared to March 2024 headline inflation rate which was 33.20%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Wednesday. “In April 2024...
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NIMASA DG Assures Maritime Stakeholders Of Inclusivity
May 12, 2024 No Responses

NIMASA DG Assures Maritime Stakeholders Of Inclusivity

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dayo Mobereola has assured stakeholders in the Nigerian maritime sector of inclusivity, towards the development of the sector. The NIMASA DG  who made this asserti...
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Analysts Place “Buy” On Fidelity Bank
May 12, 2024 No Responses

Analysts Place “Buy” On Fidelity Bank

Highly-rated, independent investment advisory firms have picked Fidelity Bank as a very attractive stock with potential to generate high returns for investors. Independent investment research reports by many market pundits reviewed at the weekend showed that F...
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Nigeria Targets New Visa Application Process
May 12, 2024 No Responses

Nigeria Targets New Visa Application Process

The Federal Government is working to revise the visa application policy in the country in a few weeks to improve accessibility, Minister of Interior, Olubunmi Tunji-Ojo, has said Tunji-Ojo disclosed this at a stakeholders’ consultative meeting regarding Nige...
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