Category: Economy

Tinubu To Commission Funtua Inland Dry Port
May 8, 2024 No Responses

Tinubu To Commission Funtua Inland Dry Port

President Bola Ahmed Tinubu to commission Funtua Inland Dry Port on Thursday, 9th May, 2024 in Katsina State.The Commissioning Ceremony will feature key dignitaries, government officials and industry stakeholders.Assistant Director, Public Relations Unit of Shippers’ Council, Rebecca Adamu, in a...
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Oil Firms: CBN Relaxes Restriction On Repatriation Of Forex
May 8, 2024 No Responses

Oil Firms: CBN Relaxes Restriction On Repatriation Of Forex

The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country. In a circular dated May 6, 2024 signed by the Director, Trade and Exchange Department,...
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CBN Directs Banks To Charge 0.5% Cybersecurity Levy
May 7, 2024 No Responses

CBN Directs Banks To Charge 0.5% Cybersecurity Levy

The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by the apex bank to all commercial, merchant,...
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Edo Flags Off Food Support Programme
May 6, 2024 No Responses

Edo Flags Off Food Support Programme

The Edo State Governor. Mr. Godwin Obaseki, has flagged off the Edo State Food Support Programme, in collaboration with the Christian Association of Nigeria (CAN). The programme which is tagged the Christian Feeding Programme was designed to feed the poorest.....
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Aliko Dangote Foundation Tasks Faith Leaders On Malnutrition, Hunger In Nigeria
May 6, 2024 No Responses

Aliko Dangote Foundation Tasks Faith Leaders On Malnutrition, Hunger In Nigeria

The Aliko Dangote Foundation (ADF) has underscored the pivotal role of religious and traditional institutions in tackling the pressing issues of malnutrition and hunger within Nigeria.   Speaking at an event organized by the National Council on Nutri...
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Seaports Unveil Top Nine Priorities
May 3, 2024 No Responses

Seaports Unveil Top Nine Priorities

In view of the upcoming EU elections in June, the European Sea Ports Organisation (ESPO) — which represents over 98% of the seaports of the European Union — has set its priorities for the next five years with a strong...
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Transcorp Group Sustains 173% Revenue Growth, N45b PBT
May 2, 2024 No Responses

Transcorp Group Sustains 173% Revenue Growth, N45b PBT

Transnational Corporation Plc conglomerate, with investment in the Power, Hospitality, and Energy sectors, has announced Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported year-on-year growth, wi...
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NLC Tasks FG On New Minimum Wage
May 2, 2024 No Responses

NLC Tasks FG On New Minimum Wage

Organised labour has given the federal government till the end of May to finalise the process of implementing the new national minimum wage for workers. The President of the Nigeria Labour Congress (NLC), Joe Ajaero, made the demand on Wednesday...
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FG Approves Salary Increase For Civil Servants
May 1, 2024 No Responses

FG Approves Salary Increase For Civil Servants

The Federal Government has approved an increase of between 25% and 35% in salary Increase for Civil Servants on the remaining six Consolidated Salary StructuresThe Salary Structure are Consolidated Public Service Salary Structure (CONPSS), Consolidated Researc...
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Dangote Targets 700,000mt Of Refined Sugar In Four Years
May 1, 2024 No Responses

Dangote Targets 700,000mt Of Refined Sugar In Four Years

 Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dan...
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Dangote: Industrialization key To Diversification Of The Economy
April 29, 2024 No Responses

Dangote: Industrialization key To Diversification Of The Economy

The Pan-African Conglomerate, Dangote Industries Limited (DIL) has emphasized the crucial role of industrialization in diversifying the economy. The Regional Sales Director, Lagos/Ogun Dangote Cement PLC, Mr Tunde Mabogunje, disclosed this at the ongoing 13th ...
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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 t...
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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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