Category: Economy

Photo News
January 29, 2025 No Responses

Photo News

The Managing Director/CEO, Nigeria LNG, Dr. Philip Mshelbila (right) and Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, after a high-level engagement between representatives of both organisations, recently. .
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CBN To Commence Payment Of Forex Backlog
January 29, 2025 No Responses

CBN To Commence Payment Of Forex Backlog

The Governor of the Central Bank, Olayemi Cardoso has disclosed that the forensic verification to clear all pending foreign exchange backlogs is now completed and payments will commence soon. Speaking during the launch of the foreign exchange code, Cardoso lam...
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FG Targets 25% Port Operations Cost Reduction with National Single Window
January 28, 2025 No Responses

FG Targets 25% Port Operations Cost Reduction with National Single Window

The Federal Government has announced plans to implement the National Single Window (NSW) in its bid to reduce the cost of doing business in Nigerian ports by at least 25 per cent.Indeed, as highlighted by the World Bank, the cost...
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Lanre Shittu Motors Expands CNG Market Share
January 28, 2025 No Responses

Lanre Shittu Motors Expands CNG Market Share

Lanre Shittu Motors has unveiled plans to add more value to the auto commercial segment with its newly unveiled LSM brand .Managing Director of thecompany, Mr Taiwo Shittu, says the auto firm is pushing its LSM brand hard to dominate...
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Kano Targets 63,360 Garment Industry Jobs
January 28, 2025 No Responses

Kano Targets 63,360 Garment Industry Jobs

The Governor of Kano State, Alhaji Abba Kabir Yusuf, has announced plans to create 63,360 jobs for youths in the garment industry annually, starting from 2025. Director General of Media and Publicity, Kano Government House, Sanusi Bature Dawakin Tofa, explaine...
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Tin-Can Customs Reiterates Seamless Cargo Clearance
January 27, 2025 No Responses

Tin-Can Customs Reiterates Seamless Cargo Clearance

Ahead of the commencement of the Unified Customs Management System (UCMS), otherwise known as B’Odogwu, Tin-Can Customs Command of the Nigeria Customs Service (NCS) has reiterated commitment to seamless operations.Speaking on Monday during the World Customs ...
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Expert Projects Growth For Presco, Okomu Oil In 2025
January 23, 2025 No Responses

Expert Projects Growth For Presco, Okomu Oil In 2025

Former President of Chartered Institute of Stockbrokers (CIS) and Managing Director, Arthur Steven Asset Management Limited (ASAM), Olatunde Amolegbe, has projected growth for the Oil Palm Industry in 2025.Amolegbe’s positive outlook for the sector on Thursd...
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2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings
January 23, 2025 No Responses

2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings

For the year 2025, the Nigerian stock market is poised for significant growth, Arthur Steven Asset Management Limited (ASAM) has protected with a 39 per cent return on the All-Share Index (ASI).According to Olatunde Amolegbe, Managing Director, ASAM and former...
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SEC DG: Collective Investment Schemes Increased To N3tri In 2024
January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abu...
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GOC Commends Troops For Contributions To Increased Oil Production
January 22, 2025 No Responses

GOC Commends Troops For Contributions To Increased Oil Production

The General Officer Commanding (GOC) of 6 Division, Nigerian Army (NA), Major General Jamal Abdussalam, has praised the efforts of his troops for significantly boosting oil production in the Niger Delta Region (NDR) over the past year.VIn his farewell address....
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Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest
January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue.   Presented at the Facts Behind the Rights Issue event, t...
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NCC Okays 50% Tariff Hike For Telcos
January 21, 2025 No Responses

NCC Okays 50% Tariff Hike For Telcos

The Nigerian Communications Commission (NCC) on Monday approved a 50% tariff increase for telecoms operators in the country. NCC Director, Public Affairs, Reuben Muoka in a statement explained that the price adjustment though lower than the “over 100% reques...
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Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others
January 20, 2025 No Responses

Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others

An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million...
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FG, States, LGAs Share ₦1.424tri
January 18, 2025 No Responses

FG, States, LGAs Share ₦1.424tri

A total sum of N 1.424 trillion, being December 2024 Federation Account Revenue, has been shared to the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting ...
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