Category: Economy

NADDC, NMDPRA To Strengthen Partnership
January 22, 2024 No Responses

NADDC, NMDPRA To Strengthen Partnership

The Director General, National Automotive Design and Development Council (NADDC), Joseph Osanipin has paid a courtesy visit to the Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed.The two Chief Executive Officers had a crucial...
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Lekki Seaport Berths Largest Container Vessel 
January 22, 2024 No Responses

Lekki Seaport Berths Largest Container Vessel 

The Nigerian Ports Authority (NPA), on Sunday, January 21, 2024, successfully received at the Lekki Deep Seaport the largest container carrier to sail on Nigerian territorial waters. The vessel measuring 367M in length over all  christened “Maersk E...
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Shippers’ Council Boss Visits NIMASA
January 22, 2024 No Responses

Shippers’ Council Boss Visits NIMASA

The Management of the Nigerian Shippers’ Council, led by the Executive Secretary, Barrister Akuta Pius Ukeyima paid a working visit to the Nigerian Maritime Administration and Safety Agency, NIMASA. The Director General of NIMASA, Dr. Bashir Jamoh OFR, in hi...
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NADDC To Partner Motor Dealers ON EV, CNG Vehicles
January 20, 2024 No Responses

NADDC To Partner Motor Dealers ON EV, CNG Vehicles

The Director General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin, on Friday,19th January, 2024 received the President of the Association of Motor Dealers Of Nigeria (AMDON), Prince Ajibola Adedoyin at the Council&...
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CBN To Hold First MPC Meeting Under Cardoso
January 20, 2024 No Responses

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...
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Union Bank Pledges Seamless Service As New Management Resumes
January 17, 2024 No Responses

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank...
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Joint Tax Board Seeks Partnership With Nigeria Customs
January 17, 2024 No Responses

Joint Tax Board Seeks Partnership With Nigeria Customs

As part of measures to enhance effective tax management in Nigeria, Secretary of the Joint Tax Board (JTB), Mr. Olusegun Adesokan, on Tuesday paid a visit to the Comptroller General of Customs, Bashir Adewale Adeniyi.  The visit aimed at soliciting...
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Tin Can Customs Targets N1.130Trilion In 2024
January 17, 2024 No Responses

Tin Can Customs Targets N1.130Trilion In 2024

For the year 2024 fiscal year, the Tin Can Island Command, Nigeria Customs Service (NCS) has set a revenue target of N1.130tillion.  Meanwhile, the Command has announced a revenue generation of N716bn for last year as against 801bn target it...
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Investors Gain N874b As Indices Increase By 1.92%
January 16, 2024 No Responses

Investors Gain N874b As Indices Increase By 1.92%

The Nigerian Exchange Ltd., (NGX) on Monday traded on a positive note, as the All-Share Index rose strongly by 1.92 per cent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, as against 83,042.96 achieved on Friday. Also, investors...
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Dangote Refinery Begins Production
January 13, 2024 No Responses

Dangote Refinery Begins Production

By Moses Ebosele, ebosele@hotmail.com — Dangote Refinery, the largest single-train refinery in the world commenced production on Friday, January 12, 2024.   Earlier scheduled to begin operations in June 2023, the oil refinery received its first crude ...
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NGX Extends Gain By N244b
January 13, 2024 No Responses

NGX Extends Gain By N244b

Positive sentiments persisted on the Nigerian Exchange Ltd., (NGX) on Friday with the All-Share Index extending growth by 0.54 per cent. Specifically, the All-Share Index improved further by 445.56 points points or 0.54 per cent to close at 83,042.96, against....
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Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector
January 12, 2024 No Responses

Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector

President Bola Tinubu, on Thursday, at the State House in Abuja, held a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects...
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Nigeria Targets 472,000 Metric Tonnes Of Wheat From Dry Season Farming
January 12, 2024 No Responses

Nigeria Targets 472,000 Metric Tonnes Of Wheat From Dry Season Farming

The Nigerian Government has set a target of achieving around 472,000 metric tonnes of wheat production by the end of the dry season wheat farming programme.   Mr. Ishaku Buba, the National Project Coordinator for the National Agricultural Growth Sche...
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FG To Raise N35b For Ajaokuta Light Steel
January 12, 2024 No Responses

FG To Raise N35b For Ajaokuta Light Steel

The Federal Government will raise about N35 billion for the Ajaokuta Light Steel mill through the local financial market. Mr Shuaibu Audu, Minister of Steel Development, disclosed this to State House Correspondents after a meeting with President Bola Tinubu on...
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