Category: Economy

Tinubu Appoints Dantsoho NPA MD 
July 12, 2024 No Responses

Tinubu Appoints Dantsoho NPA MD 

President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the Managing Director of the Nigerian Ports Authority (NPA). The President has also approved the appointment of Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian...
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NDDC Pledges To Accelerate Development With 2024 Budget
July 11, 2024 No Responses

NDDC Pledges To Accelerate Development With 2024 Budget

The Niger Delta Development Commission, NDDC, has promised that the early approval of the Commission’s 2024 budget will help to fast-track the development and socio-economic transformation of the Niger Delta region.The NDDC Managing Director, Dr Samuel Ogbuk...
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NGX Unveils Impact Board For Sustainable Instruments
July 11, 2024 No Responses

NGX Unveils Impact Board For Sustainable Instruments

Nigerian Exchange Limited (NGX) has unveiled its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC). This initiative was announced during a Closing Gong Ceremony in La...
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Tinubu Creates Ministry Of Livestock Development
July 10, 2024 No Responses

Tinubu Creates Ministry Of Livestock Development

President Bola Tinubu has announced the creation of the Federal Ministry of Livestock Development.  Tinubu approved the creation of the ministry on Tuesday when he inaugurated the Presidential Committee on Livestock Reforms at the Council Chamber of the S...
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NIMASA: Court Orders Final Forfeiture Of $16,500, ₦127m
July 10, 2024 No Responses

NIMASA: Court Orders Final Forfeiture Of $16,500, ₦127m

The Federal High Court in Lagos has ordered the final forfeiture of $16,500 and another ₦127m fraudulently diverted from the Nigerian Maritime Administration and Safety Agency (NIMASA). The monies are to be forfeited to the Federal Government of Nigeria...
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UBA’s GMD Emerges Chairman, CIBN Body Of Banks’ CEOs
July 9, 2024 No Responses

UBA’s GMD Emerges Chairman, CIBN Body Of Banks’ CEOs

The Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs.The CIBN announced this appointment on its w...
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Access Holdings Secures Approval For N351b Rights Issue
July 8, 2024 No Responses

Access Holdings Secures Approval For N351b Rights Issue

Access Holdings Plc has received approval from the Securities and Exchange Commission (SEC) for the commencement of its N351 billion Rights Issue. A statement issued on Sunday explained that the approval marks a significant milestone in the Group’s previousl...
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Edun: ECOWAS Single Currency Will Boost W’African Economy
July 7, 2024 No Responses

Edun: ECOWAS Single Currency Will Boost W’African Economy

Nigeria is committed to the implementation of a single currency for the Economic Community of West African States (ECOWAS), Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister said the single-currency ECO would foste...
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FG To Investors: Unlock Potential In Nigeria’s Non-Oil Sector
July 6, 2024 No Responses

FG To Investors: Unlock Potential In Nigeria’s Non-Oil Sector

Citing attractive investment returns in Nigeria, Vice President Kashim Shettima has called for a significant shift from dependence on oil to other critical sectors  The Vice President identified agriculture, manufacturing, renewable energy and digital inn...
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FG Inaugurates Economic Team
July 5, 2024 No Responses

FG Inaugurates Economic Team

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country. The Council has a mix of government officials, top private sector players, ...
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CBN To Sanction Banks, BDCs Over Rejection Of Lower Dollar Bills
July 3, 2024 No Responses

CBN To Sanction Banks, BDCs Over Rejection Of Lower Dollar Bills

The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive...
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Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa
July 2, 2024 No Responses

Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa

The rising transaction volumes by non-banks threaten financial stability in West Africa, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. He stated this on Monday at the 10th meeting of the College of Supervisors for...
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NDDC To Develop New Strategies For Niger Delta Development
July 2, 2024 No Responses

NDDC To Develop New Strategies For Niger Delta Development

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has assured that the Niger Delta Stakeholders Summit, coming up on July 10-13, 2024, will develop strategies for economic growth and development of the Niger Delta Region....
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How To Lift Nigeria’s Auto Industry, By NAMA
June 30, 2024 No Responses

How To Lift Nigeria’s Auto Industry, By NAMA

Nigeria’s automotive industry holds significant potential to contribute to the country’s economic development, the Nigeria Auto Manufacturers Association (NAMA) has said.In his presentation at the maiden edition of the Nigeria Auto Industry Summit ...
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