Category: Economy

Senate Reiterates Commitment To Capital Market-Driven Reforms
February 7, 2024 No Responses

Senate Reiterates Commitment To Capital Market-Driven Reforms

The Chairman, Senate Committee on Capital Market and Institutions, Osita Izunaso has assured the commitment of the Senate in driving legislative reforms that would propel the Nigerian capital market to new heights. He made this promise when he led delegation’s...
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SIFAX Group Consortium To Collaborate With FG, LASG On Aviation Development
February 6, 2024 No Responses

SIFAX Group Consortium To Collaborate With FG, LASG On Aviation Development

SIFAX Group and its aviation partner, Changi Airports International from Singapore have opened discussions on strategic collaboration with the Federal Government and Lagos State government to develop the country’s aviation sector. SIFAX Group, through one of...
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Passengers, Luxury Bus Transporters Fault 333 % Hike In Service Charge On Travellers At Oshodi Terminal 
February 3, 2024 No Responses

Passengers, Luxury Bus Transporters Fault 333 % Hike In Service Charge On Travellers At Oshodi Terminal 

There is an uneasy calm at the section of the Oshodi Terminal Interchange (OTI) occupied by long-distance luxury bus transporters following a sharp increase in service charge collected from passengers by the management of the facility. The service was raised ...
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Nigeria Attains Steady Increase In Active Voice, Internet Subscription
February 1, 2024 No Responses

Nigeria Attains Steady Increase In Active Voice, Internet Subscription

Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC), which have been a...
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NNPC Woos South Korean Gas Investors
January 31, 2024 No Responses

NNPC Woos South Korean Gas Investors

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The discussions which held in Seoul, South Korea, yesterday were...
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Edo Attains N62b IGR In 2023
January 31, 2024 No Responses

Edo Attains N62b IGR In 2023

Despite a challenging economic crisis fueled by the removal of fuel subsidy, Edo State Internally Generated Revenue (IGR) grew by over 40 percent in 2023, recording N17bn increase from the N45bn generated in 2022. The Chairman, Edo Taskforce on Internally...
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NDDC Partners Indigenous Firm In Cassava Starch Production
January 30, 2024 No Responses

NDDC Partners Indigenous Firm In Cassava Starch Production

Niger Delta Development Commission (NDDC) is prepared to go into partnership with an indigenous cassava starch manufacturing factory in Sagbama Local Government Area of Bayelsa State as part of measures to create job opportunities for the youths.The NDDC Execu...
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Dangote Cement Rewards Distributors
January 29, 2024 No Responses

Dangote Cement Rewards Distributors

For their continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its customers’ patronage in the pre...
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At WFE, NGX Group Harps On Technology Revamp, Listing Rules Review
January 26, 2024 No Responses

At WFE, NGX Group Harps On Technology Revamp, Listing Rules Review

The Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc, Temi Popoola has highlighted various plans by the exchange group to revamp its technology infrastructure, attract listings, enhance retail investors participation and foreign...
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NOVAmbl Asset Management Dollar Fixed Income Fund Bags 2023 Best Performance Award
January 26, 2024 No Responses

NOVAmbl Asset Management Dollar Fixed Income Fund Bags 2023 Best Performance Award

NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities & Exchange Commission (SEC). N...
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Nigeria-Morrocco Gas Pipeline: FG, Morocco To Intensify Project
January 26, 2024 No Responses

Nigeria-Morrocco Gas Pipeline: FG, Morocco To Intensify Project

In a bid to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco.  The discussion which was held on the sidelines of a...
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Tin Can Island Customs Intercepts Cocaine, Colorado Worth N4.27b
January 25, 2024 No Responses

Tin Can Island Customs Intercepts Cocaine, Colorado Worth N4.27b

The Nigeria Customs Service, Tin Can Island Command has intercepted four containers laden with illicit drugs, arms and ammunition imported from South Africa and Canada.Comptroller General of the Service, Adewale Adeniyi disclosed this while addressing journali...
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FIRS Targets N19tri In 2024, Attains N12tri In 2023
January 25, 2024 No Responses

FIRS Targets N19tri In 2024, Attains N12tri In 2023

For the year 2023, the Federal Inland Revenue Service (FIRS), collected N12.374 trillion as tax revenue, surpassing the year’s target of N10.7 trillion. The Chairman of FIRS, Zacch Adedeji disclosed this at the opening of a two-day strategic management ...
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FG, States, LGs Share N1.1trillion 
January 24, 2024 No Responses

FG, States, LGs Share N1.1trillion 

The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in a communiqué issued at the end of the Federation Account All...
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