Category: Economy

Nigeria’s Inflation Hits 31.70%
March 16, 2024 No Responses

Nigeria’s Inflation Hits 31.70%

The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS).  The Bureau released the figure on Friday, with the latest data showing a rise from the 29.90...
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Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals
March 16, 2024 No Responses

Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals

UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-trac...
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NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments
March 13, 2024 No Responses

NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR).According to Dr. Mshelb...
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FG Tasks Oil Palm Stakeholders On Expansion Agenda
March 12, 2024 No Responses

FG Tasks Oil Palm Stakeholders On Expansion Agenda

By Moses Ebosele, ebosele@hotmail.com The Federal Ministry Of Industry Trade & Investment has challenged Oil Palm Stakeholders to take advantage of technology and innovations as part of measures to optimise yields, reduce waste and boost growth in the...
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Strategies For Inclusion Of Female Entrepreneurs In Nigeria, By Experts 
March 11, 2024 No Responses

Strategies For Inclusion Of Female Entrepreneurs In Nigeria, By Experts 

To foster inclusion for female entrepreneurs in Nigeria, various experts have identified the need for a concentrated effort on the dissemination of accurate information, more access to finance, creating a pool for women with like businesses, breaking down of c...
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Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly
March 9, 2024 No Responses

Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly

The Edo State Governor, Mr. Godwin Obaseki, on Friday, flagged off the “Feed the Hungry” initiative, committing over N1 billion monthly to feed poor and vulnerable residents of the State amid the hardship and suffering occasioned by the dire econ...
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SIFAX Group Appoints Basil Agboarumi Executive Director
March 7, 2024 No Responses

SIFAX Group Appoints Basil Agboarumi Executive Director

SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Int...
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Heirs Energies Expands Gas Supplier To Geometric Power Plant
March 7, 2024 No Responses

Heirs Energies Expands Gas Supplier To Geometric Power Plant

Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...
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NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others
March 7, 2024 No Responses

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, ...
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Tinubu Signs Executive Orders For Oil, Gas Investments
March 7, 2024 No Responses

Tinubu Signs Executive Orders For Oil, Gas Investments

President Bola Tinubu has signed an executive order to improve the investment climate and position of Nigeria as the preferred investment destination for the oil and gas sector in Africa. This is in keeping with his commitment to remove obstacles...
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Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era
March 6, 2024 No Responses

Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era

Against the backdrop of the migration of Nigerian professionals, commonly regarded as ‘japa syndrome’ to developed countries of the world, a human resource expert, Hilda Kabushenga, CEO, The African Talent Company, has said though the factors are beyond or...
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Ghana Suspends GTB, First Bank’s Forex Licences
March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...
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NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023
March 5, 2024 No Responses

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion.  The Group experienced a...
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NADDC Boss Harps On CNG Benefits, Agenda  
March 5, 2024 No Responses

NADDC Boss Harps On CNG Benefits, Agenda  

Compressed Natural Gas (CNG) will create more jobs and wealth for Nigerians, Director-General, National Automotive Design and Development Council (NADDC), My Joseph Osanipin, reiterated on Monday.  The NADDC DG stated this at the Critique/Validation ...
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