Category: Economy

Netherlands To Invest $250m In Nigeria 
April 26, 2024 No Responses

Netherlands To Invest $250m In Nigeria 

Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria.   The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to the Netherlands.  Rutte commended...
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Nigeria Revokes Additional 924 Dormant Mineral Licences
April 25, 2024 No Responses

Nigeria Revokes Additional 924 Dormant Mineral Licences

The Federal Government has revoked an additional 924 dormant mineral licences with immediate effect. The revoked mineral licences which include 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licenses, were disclosed...
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Shippers Council Registers 160 Port Operators
April 24, 2024 No Responses

Shippers Council Registers 160 Port Operators

The Nigerian Shippers Council (NSC) has enrolled 160 port stakeholders into its Regulated Port Service Provider and Users platform since the initiative began in 2023.  The Executive Secretary of NSC, Mr Pius Akutah, made the disclosure to the News Agency....
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FG Unveils N200b Intervention Fund For MSMEs, Manufacturers
April 23, 2024 No Responses

FG Unveils N200b Intervention Fund For MSMEs, Manufacturers

The Federal Government has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announce...
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Cardoso: Naira Best Performing Currency Globally
April 21, 2024 No Responses

Cardoso: Naira Best Performing Currency Globally

Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Saturday said the apex bank’s FOREX reforms have made the naira the best-performing currency globally.  Cardoso, who at a briefing on the sidelines of the just-ended World Bank/IMF Spr...
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FG, States, LGAs Share N1.1tri March Revenue
April 20, 2024 No Responses

FG, States, LGAs Share N1.1tri March Revenue

The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers of government after its April meeting in Abuja. A statement by the Director of Press and...
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NNPCL, NCDMB, SNEPCo, Total Energies, Others Donate 2,300-Seater Library To Niger Delta University 
April 19, 2024 No Responses

NNPCL, NCDMB, SNEPCo, Total Energies, Others Donate 2,300-Seater Library To Niger Delta University 

As part of its commitment to encourage learning and academic excellence, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partners in OML 18 – the Nigerian Content Development & Monitoring Board (NCDMB), Shell Nigeria Expl...
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EFCC Declares Yahaya Bello Wanted Over Alleged N80.2b Fraud
April 19, 2024 No Responses

EFCC Declares Yahaya Bello Wanted Over Alleged N80.2b Fraud

Former Governor of Kogi State, Yahaya Bello has been declared wanted by the Economic and Financial Crimes Commission (EFCC) over alleged N80.2 billion fraud.   EFCC called on those with vital information about the former Kogi governor’s whereabouts...
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NPA, Customs Harp On Efficient Export Process
April 18, 2024 No Responses

NPA, Customs Harp On Efficient Export Process

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, who was recently named by President Bola Ahmed Tinubu as a member of the Implementation Committee of the National Single Window Project, on Thursday met with the Comptroller General of...
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Cardoso: CBN Not Using Foreign Reserve To Defend Naira
April 18, 2024 No Responses

Cardoso: CBN Not Using Foreign Reserve To Defend Naira

THE Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, on Wednesday said the apex bank is not defending the Naira with the nation’s foreign reserves. He was speaking against the backdrop of the recent decline in Nigeria’s foreign reserves....
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Again, Dangote Crashes Diesel Price
April 17, 2024 No Responses

Again, Dangote Crashes Diesel Price

Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30 per cen...
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FG Begins Disbursement Of N200b
April 17, 2024 No Responses

FG Begins Disbursement Of N200b

The Federal Government has commenced disbursement of the N200 billion Presidential Conditional Grant Scheme to verified applicants. The Bank of Industry had said it would be disbursing three categories of funding to support manufacturers and businesses across ...
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Nigeria’s Inflation Rate Hits 33.20%
April 16, 2024 No Responses

Nigeria’s Inflation Rate Hits 33.20%

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at ...
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Maduka: The Road To Success Is Rarely Linear
April 16, 2024 No Responses

Maduka: The Road To Success Is Rarely Linear

My name is Dr. Cosmas Maduka, and the world of business is where I found my calling. But my journey wasn’t a smooth ride from the start. In fact, it began with calloused hands and the determination of a young...
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