Category: Economy

FG, States, LGCs Share ₦1.727tri
December 14, 2024 No Responses

FG, States, LGCs Share ₦1.727tri

A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee...
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Seplat Energy Completes Acquisition Of Mobil Producing Nigeria
December 12, 2024 No Responses

Seplat Energy Completes Acquisition Of Mobil Producing Nigeria

SeplaSeplat Energy Plc has completed acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil .According to Seplat Energy, the transaction is transformative for Seplat Energy, “more than doubling production and positioning the Company to d...
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FG Issues N1.1trn Sukuk Bonds For Road Projects
December 12, 2024 No Responses

FG Issues N1.1trn Sukuk Bonds For Road Projects

Photo Caption: L-R: Commissioner, Securities and Exchange Commission Pakistan, Mr. Mujtaba Ahmad Lodhi, Chairman SEC Pakistan, Akif Saeed, Director General, Securities and Exchange Commission Nigeria, Dr. Emomotimi Agama and Chairman, Accounting and Auditing O...
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Tax Reform Bills: Reps Southern Caucus Backs Tinubu
December 11, 2024 No Responses

Tax Reform Bills: Reps Southern Caucus Backs Tinubu

Members of the Southern Caucus of the House of Representatives on Tuesday expressed support for President Bola Tinubu’s tax reform bills. The lawmakers who briefed journalists on Tuesday after a meeting the residence of the Deputy Speaker, Benjamin Kalu. The...
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Tinubu Appoints Ogunjimi Acting AGF
December 10, 2024 No Responses

Tinubu Appoints Ogunjimi Acting AGF

President Bola Ahmed Tinubu has appointed Mr Shamseldeen Babatunde Ogunjimi as the Acting Accountant General of the Federation (AGF).A statement issued by Bayo Onanuga,Special Adviser to the President(Information & Strategy) Explained his appointment is ef...
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CNG: NDDC, PCNGI Sign MoU
December 10, 2024 No Responses

CNG: NDDC, PCNGI Sign MoU

Presidential Compressed Natural Gas Initiative, PCNGI, and the Niger Delta Development Commission, NDDC, have signed a Memorandum of Understanding, MoU, to facilitate the implementation of the CNG policy in the Niger Delta region.The NDDC Managing Director, Dr...
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NADDC Team Visits Simba Group, Dangote Sinotruck, Nord Motors
December 10, 2024 No Responses

NADDC Team Visits Simba Group, Dangote Sinotruck, Nord Motors

The National Automotive Design and Development Council (NADDC) in the company of Senate Committee on Industry, on Monday in Lagos continued their second phase of oversight visit to SIMBA GROUP, DANGOTE SINOTRUK and NORD Motors.Following the facility tour, Vice...
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Maritime Stakeholders Canvass Support For Coast Guard Bill
December 8, 2024 No Responses

Maritime Stakeholders Canvass Support For Coast Guard Bill

Stakeholders and experts in the nation’s maritime sector have expressed support for the Coast Guard Bill before the National Assembly, with many describing the proposed legislation as a boost to the federal government’s efforts in securing the mari...
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SEC Tasks Banks On Recapitalisation, Corporate Governance
December 8, 2024 No Responses

SEC Tasks Banks On Recapitalisation, Corporate Governance

The Securities and Exchange Commission ( SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise.At the just concluded yearly worksho...
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NPA Boss Tours Eastern Ports, Harps On Increased Investment
December 5, 2024 No Responses

NPA Boss Tours Eastern Ports, Harps On Increased Investment

In continuation of his resolve to galvanize port concessionaires and terminal operators into increasing their In-Country investments in Port infrastructure equipment, Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Wednesday and Th...
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Creditcorp, NADDC Unveil ₦20b Consumer Credit For Locally-Assembled Automobiles
December 5, 2024 No Responses

Creditcorp, NADDC Unveil ₦20b Consumer Credit For Locally-Assembled Automobiles

The Nigerian Consumer Credit Corporation (CREDICORP) and the National Automotive Design and Development Council (NADDC) have kicked off the first phase of a consumer credit fund enabling Nigerians to purchase locally-assembled automobiles.City Business News re...
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Senate Passes Investments, Securities Bill 2024
December 4, 2024 No Responses

Senate Passes Investments, Securities Bill 2024

 In a major boost to the operations of the Securities and Exchange Commission(SEC) and the Nigerian capital market, the Senate  has passed the Investments and Securities Bill 2024.The Investments and Securities Bill, meant to repeal the Securities and Exch...
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Greenwich Merchant Bank Appoints Benson Ogundeji As MD/CEO
December 3, 2024 No Responses

Greenwich Merchant Bank Appoints Benson Ogundeji As MD/CEO

The Board of Directors, Greenwich Merchant Bank Limited has announced the appointment of Mr. Benson Ogundeji as its substantive Managing Director/Chief Executive Officer, following the receipt of the approval of the Central Bank of Nigeria (CBN).The Chairman o...
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‘Tax Reform Bills Will Not Impoverish North’
December 3, 2024 No Responses

‘Tax Reform Bills Will Not Impoverish North’

The presidency on Monday refuted claims that some sections of the Tax Reform Bills are targeted at impoverishing the northern region of the country. According to the presidency, changing the funding source of agencies such as the Tertiary Education Trust...
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