Category: Economy

FG Bans Waivers For Threaded Pipes
April 24, 2025 No Responses

FG Bans Waivers For Threaded Pipes

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday announced a ban on the issuance of waivers for the importation of threaded pipes for use in the Nigerian oil and gas industry.He handed the directive to...
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NCDMB Pledges Support For MT Group’s Valves Manufacturing Plans
April 24, 2025 No Responses

NCDMB Pledges Support For MT Group’s Valves Manufacturing Plans

A delegation from the Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday visited MT Valves West Africa Free Zone at Lekki Free Zone, Lagos, to assess the firm’s operations and plans to invest in a 15,000 tons per year...
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FG Inaugurates Ports, Customs Efficiency Committee
April 23, 2025 No Responses

FG Inaugurates Ports, Customs Efficiency Committee

As part of measures to sustainably improve efficiencies in port operations and service delivery, the Federal Government (FG) through the Presidential Enabling Business Environment Council (PEBEC) is set to inaugurate the Ports and Customs Efficiency Committee ...
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Shippers’ Council Boss Visits North East Zonal Directorate
April 23, 2025 No Responses

Shippers’ Council Boss Visits North East Zonal Directorate

The Executive Secretary and Chief Executive Officer of Nigerian Shippers Council (NSC),Dr. Pius Akutah, MON,led a team from the Council on a familiarization visit to the North East Zonal Directorate, Bauchi.The purpose of the visit was to promote regional inte...
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Customs Attains N1.75tri Revenue In Q1
April 23, 2025 No Responses

Customs Attains N1.75tri Revenue In Q1

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CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process
April 20, 2025 No Responses

CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process

Indigenous shipowners have commended the Minister of Marine and Blue Economy, Adegboyega Oyetola, over his recent directive to the Nigerian Maritime Administration and Safety (NIMASA) to begin the process for the disbursement of the Cabotage Vessel Financing F...
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KLT Customs Command Attains 61 Per Cent Increase In 2025 Q1 Revenue
April 19, 2025 No Responses

KLT Customs Command Attains 61 Per Cent Increase In 2025 Q1 Revenue

For the first quarter (QI), 2025, the Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Area Command recorded 61% increase in revenue generation while also intensifying efforts against illicit imports.Briefing Journalists, the Customs Area Control...
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Ojulari Pledges Strategic Collaboration To Deliver Presidential Mandate
April 17, 2025 No Responses

Ojulari Pledges Strategic Collaboration To Deliver Presidential Mandate

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, has reaffirmed his commitment to forging strong and effective partnerships with key stakeholders to successfully deliver on the strategic...
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Africa’s Asset Recovery Forum Seeks Action against Stolen Assets
April 16, 2025 No Responses

Africa’s Asset Recovery Forum Seeks Action against Stolen Assets

The African Asset Recovery Practitioners Forum, AARP, has charged African countries to join hands in forging a road map and actionable processes against resource theft and asset recovery on the continent. This charge was given at the ongoing inaugural meeting....
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NADDC Boss At MOMAN AGM, Harps On Local Component Production
April 16, 2025 No Responses

NADDC Boss At MOMAN AGM, Harps On Local Component Production

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin has laid out a transformative vision for Nigeria’s motorcycle and 3-wheeler industry centered on local component production.In his address at the Annu...
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FG, States, LGs Shared ₦1.5trillion
April 16, 2025 No Responses

FG, States, LGs Shared ₦1.5trillion

For the Month of March 2025, the Federation Account Allocation Committee (FAAC) has shared ₦1.578 trillion among the Federal Government, states and local governments. A communique made available by the Director, Press and Public Relations, Office of the Acco...
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CSCS Proposes N1.76 Dividend For 2024
April 15, 2025 No Responses

CSCS Proposes N1.76 Dividend For 2024

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering double-digit growth in revenue and profitability.Total revenue increased by 37% to N26.1 bill...
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Oyetola To NIMASA: Commence Process Of CVFF Disbursement
April 15, 2025 No Responses

Oyetola To NIMASA: Commence Process Of CVFF Disbursement

The Minister of Marine and Blue Economy, Adegboyega Isiaka Oyetola has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process that will lead to the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF)...
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Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO
April 13, 2025 No Responses

Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO

Seplat Energy Plc has restated its commitments to energy sustainability as it impacts people, environment and corporate governance, stressing that its focus is long-term with dividends accruable beyond today.The Chief Operating Officer, Seplat Energy, Mr. Sams...
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