Category: Economy

Oyetola Receives Port Community System Report, Lauds NPA 
February 13, 2024 No Responses

Oyetola Receives Port Community System Report, Lauds NPA 

The Minister of Marine and Blue Economy, Adegboyega Oyetola CON, on Tuesday, formally received the report for the implementation of the Port Community System (PCS) in Nigeria, a move that will enhance the ease of doing business in ports within...
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Experts Task Govt On Enabling Environment For Real Sector’s Growth 
February 13, 2024 No Responses

Experts Task Govt On Enabling Environment For Real Sector’s Growth 

Notwithstanding mounting challenges in the nation’s economy, experts in the housing industry have said that huge opportunities abound in the country’s real estate sector. They agreed that the sector’s low contribution to the GDP has potential to grow...
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Cardoso To Nigerians: Moderate Demand For Forex
February 10, 2024 No Responses

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...
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APM Terminals To Invest $500m In Apapa Port
February 10, 2024 No Responses

APM Terminals To Invest $500m In Apapa Port

The owners of APM Terminals have expressed their readiness to invest half a billion dollars in Apapa port to make it one of the biggest in Africa. This was disclosed by the Global CEO of APM Terminals, Mr. Keith Svendsen...
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Shell Seeks NCDMB’s Support For Oil, Gas Projects
February 9, 2024 No Responses

Shell Seeks NCDMB’s Support For Oil, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects notably Bonga North deepwater and HI and HA,...
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How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co
February 9, 2024 No Responses

How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co

A Pan-African Credit Rating Agency Agusto & Co has identified three major economic variables that are likely to have a fareaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024.Agusto & Co is a leading provider of industry...
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NLC, TUC Issue 14-Day Ultimatum 
February 9, 2024 No Responses

NLC, TUC Issue 14-Day Ultimatum 

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have issued a 14-day ultimatum to the Federal Government over the non-implementation of the 16-point agreement both parties reached after the removal of the petrol subsidy. In a statement...
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FG Trains, Empowers 250 Farmers
February 8, 2024 No Responses

FG Trains, Empowers 250 Farmers

The Federal Ministry of Agriculture and Food Security (FMAFS) has commenced training and empowerment of 250 beneficiaries of National Poverty Reduction with Growth Strategy (NPRGS) in Bayelsa.Permanent Secretary in the ministry, Mr Temitope Fadeshemi, sai...
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Royal Father To FG: Regulate Foodstuffs Prices To Reduce Suffering
February 8, 2024 No Responses

Royal Father To FG: Regulate Foodstuffs Prices To Reduce Suffering

OBA Rafiu Balogun, the Elejirin of Ejirin Kingdom in Epe, Lagos State, has called on the Federal Government to regulate prices of foodstuffs and other household commodities. Balogun said that the measure would reduce the suffering of poor Nigerians. The...
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Ministers, CBN, FIRS Pledge To Address High Cost Of Living
February 7, 2024 No Responses

Ministers, CBN, FIRS Pledge To Address High Cost Of Living

The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr Olayemi Cardoso, the Governor of...
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CBN Gov Pledges To Tackle Unauthorised Withdrawals
February 7, 2024 No Responses

CBN Gov Pledges To Tackle Unauthorised Withdrawals

The Central Bank of Nigeria (CBN) has pledged to deal decisively with any bank found sabotaging monetary policies or guilty of unauthorised withdrawals from customer accounts. The Governor of the apex bank, Mr Olayemi Cardoso made the pledge on Tuesday...
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Senate Reiterates Commitment To Capital Market-Driven Reforms
February 7, 2024 No Responses

Senate Reiterates Commitment To Capital Market-Driven Reforms

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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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