Category: Economy

NDDC To Develop New Strategies For Niger Delta Development
July 2, 2024 No Responses

NDDC To Develop New Strategies For Niger Delta Development

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has assured that the Niger Delta Stakeholders Summit, coming up on July 10-13, 2024, will develop strategies for economic growth and development of the Niger Delta Region....
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How To Lift Nigeria’s Auto Industry, By NAMA
June 30, 2024 No Responses

How To Lift Nigeria’s Auto Industry, By NAMA

Nigeria’s automotive industry holds significant potential to contribute to the country’s economic development, the Nigeria Auto Manufacturers Association (NAMA) has said.In his presentation at the maiden edition of the Nigeria Auto Industry Summit ...
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Adeleke Unveils Implementation Committee On Food Security
June 30, 2024 No Responses

Adeleke Unveils Implementation Committee On Food Security

Governor Ademola Adeleke has opened up on the plans of his administration for the agricultural sector in the state, assuring stakeholders that farm inputs, tractorization and issue of food security are being addressed by his government. Speaking after a meetin...
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CBN Issues Fresh Foreign Currency Deposit Guidelines
June 29, 2024 No Responses

CBN Issues Fresh Foreign Currency Deposit Guidelines

The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank. This directive was contained in a circular issued by the Director of Currency Operators,...
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Uzoka-Anite’s Remarks At The Nigeria Auto Industry Summit 
June 29, 2024 No Responses

Uzoka-Anite’s Remarks At The Nigeria Auto Industry Summit 

Remarks of the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite at the Nigeria Auto Industry Summit (NAISU) held in Lagos, June 27, 2024. The Minister was represented by Deputy Director, the Industry Development Department, Mrs Olumuyiwa Ajayi...
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Presco Appoints Acting Company Secretary 
June 28, 2024 No Responses

Presco Appoints Acting Company Secretary 

The Board of Directors  of Presco Plc has approved the appointment of the law firm of Abdulai, Taiwo & Co as Acting Company Secretary/General Counsel effective 1st July 2024.  In a notice to the Nigerian Exchange Limited (NGX), its shareholders.....
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NADDC Boss Projects Economic Growth Through Automotive Industry
June 28, 2024 No Responses

NADDC Boss Projects Economic Growth Through Automotive Industry

To boost the growth of the automotive sector of the nation’s economy, the National Automotive Design and Development Council (NADDC), in collaboration with the Nigeria Auto Journalist Association (NAJA), on Thursday, in Lagos, held the Nigeria Automotive...
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SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation
June 27, 2024 No Responses

SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation

The Securities and Exchange Commission (SEC) and Nigerian Exchange Group Plc (NGX Group) have reaffirmed their dedication to the comprehensive digitisation of the capital market, aligning with the transformation strategy outlined in the revised Capital Market ...
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Obaseki Harps On Investment In Agriculture
June 26, 2024 No Responses

Obaseki Harps On Investment In Agriculture

The Edo State Governor, Mr. Godwin Obaseki, has said his government in the last seven and a half years, has prioritized investment in agriculture, boosting the capacity of farmers and creating a market for farm produce as part of efforts...
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NDDC Harps On Youth Empowerment
June 24, 2024 No Responses

NDDC Harps On Youth Empowerment

The Niger Delta Development Commission, NDDC, has re-affirmed its commitment to programmes aimed at empowering the youths of the Niger Delta region.The NDDC Managing Director, Dr Samuel Ogbuku, gave this assurance during a stakeholders’ engagement in Akure, ...
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Obaseki Attributes Rising Inflation To Inability To Produce, Export
June 24, 2024 No Responses

Obaseki Attributes Rising Inflation To Inability To Produce, Export

The Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that the trend continues to affect the nation’s economy negatively. Obas...
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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). Niger...
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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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