Category: Economy

GTCO Declares N1.2tri For 2024
March 29, 2025 No Responses

GTCO Declares N1.2tri For 2024

For the 2024 financial year, GTCO Plc declared N1.266 trillion, profit before tax, up from N609.3 billion a year earlier. The Group, in its audited financial statement released on the Nigerian Exchange Limited on Friday, also disclosed a profit after...
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Nigeria, EU Discuss €1.3b Trade Investments In Nigeria
March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the...
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NNPCL Set For Initial Public Offer
March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...
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Ethiopian Airlines, Archer Sign New Agreement
March 27, 2025 No Responses

Ethiopian Airlines, Archer Sign New Agreement

Ethiopian Airlines and Archer have signed an agreement to introduce the “Launch Edition” Midnight aircraft, marking a significant milestone in bringing advanced eVTOL technology to Ethiopia and the African continent.This partnership aims to develop...
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UBA Declares N766.6b Profit For 2024
March 25, 2025 No Responses

UBA Declares N766.6b Profit For 2024

For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax,  up from N607.7billion  recorded at the end of 2023, an increase of of 26.14 per cent.   The 2024 financials, file...
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LPG Supply: NLNG Harps On Digitalisation, New Platform
March 22, 2025 No Responses

LPG Supply: NLNG Harps On Digitalisation, New Platform

As part of measures to improve operational efficiency of Domestic Liquefied Petroleum Gas (DLPG), the management of NLNG has reiterated it’s commitment to work closely with stakeholders.At an engagement session with stakeholders in Lagos, recently, NLNG ...
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NDDC Empowers Rice Farmers
March 22, 2025 No Responses

NDDC Empowers Rice Farmers

The Niger Delta Development Commission, NDDC, has reaffirmed its commitment to agricultural empowerment by concluding the second batch of its Capacity Building Programme for Rice Farmers on Commercial Scale in Umuahia, Abia State.  Speaking during the clo...
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Alao Assumes Duty As Permanent Secretary, Lagos Finance Ministry
March 21, 2025 No Responses

Alao Assumes Duty As Permanent Secretary, Lagos Finance Ministry

Mahmud Tajudeen Alao has officially assumed office as the new Permanent Secretary of the Lagos State Ministry of Finance, following his recent appointment by the Lagos State Governor, Mr. Babajide Sanwo-Olu.A distinguished financial expert and seasoned civil s...
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NADDC DG Visits Imo Governor To Discuss Partnership
March 21, 2025 No Responses

NADDC DG Visits Imo Governor To Discuss Partnership

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, on Thursday paid a courtesy visit to Imo State Governor, Senator Hope Uzodinma.The visit aimed to strengthen the ongoing collaboration between NADDC an...
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Owerri Agog As NADDC Unveils CNG Empowerment, Awareness Summit
March 19, 2025 No Responses

Owerri Agog As NADDC Unveils CNG Empowerment, Awareness Summit

The National Automotive Design and Development Council (NADDC) has kicked off an important initiative to promote the adoption of Compressed Natural Gas (CNG) as a sustainable fuel alternative in Nigeria.The Council hosted the CNG Empowerment and Awareness Summ...
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DANGOTE SUSPENDS SALES OF PETROLEUM PRODUCTS IN NAIRA
March 19, 2025 No Responses

DANGOTE SUSPENDS SALES OF PETROLEUM PRODUCTS IN NAIRA

The management of Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira.In a statement issued on Wednesday, the company explained that the decision is necessary to avoid a “mismatch between our sales proceeds and our c...
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Ethiopian Airlines, Etihad Airways Sign Connectivity Partnership
March 19, 2025 No Responses

Ethiopian Airlines, Etihad Airways Sign Connectivity Partnership

Ethiopian Airlines and Etihad Airways have signed a landmark Joint Business Agreement to enhance connectivity between Africa, the Middle East, and Asia.This strategic partnership includes a codeshare arrangement and the launch of new flights between Addis Abab...
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CNG: NADDC Partners OMAA Motors To Train 60 Technicians In Imo
March 18, 2025 No Responses

CNG: NADDC Partners OMAA Motors To Train 60 Technicians In Imo

The National Automotive Design and Development Council (NADDC) has launched a training programnev in collaboration with OMAA Motors, aimed at converting petrol vehicles to Compressed Natural Gas (CNG) powered vehicles.The programme, held in Owerri, Imo State, ...
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Apapa Customs Attains ₦18.9b Daily Collection
March 18, 2025 No Responses

Apapa Customs Attains ₦18.9b Daily Collection

The Apapa Port Command of Nigeria Customs Service (NCS), on Friday, March 14, 2024 attained daily revenue collection of ₦18.9billion, the highest in the history of the command.  City Business News reports that the new record breaks the existing highest....
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