Category: Economy

NIMASA Act Amendment Bill Passes First Reading
October 13, 2023 No Responses

NIMASA Act Amendment Bill Passes First Reading

The bill to amend the Nigerian Maritime Administration and Safety Agency NIMASA Act has passed the first reading on the Floor of the Nigerian Senate.  Chairman Senate Committee on Marine Transport, Senator Wasiu Sanni Eshinlokun, who announced this during a...
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CBN Lifts Restriction On 43 Items
October 13, 2023 No Responses

CBN Lifts Restriction On 43 Items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech. AbdulMumin also announced that Import...
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Wabote: Oil Assets Divestments Will Boost Production, Employment  
October 12, 2023 No Responses

Wabote: Oil Assets Divestments Will Boost Production, Employment  

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by Nigerian operati...
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Tinubu Appoints New CEOs For NCC, NIPOST, Others
October 12, 2023 No Responses

Tinubu Appoints New CEOs For NCC, NIPOST, Others

President Bola Tinubu has appointed five new Chief Executive Officers across multiple agencies under the Federal Ministry of Communications, Innovations, and Digital Economy.  In a statement on Wednesday, Special Adviser on Media and Publicity, Ajuri Ngel...
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Photo News
October 10, 2023 No Responses

Photo News

L-R: Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, inspecting civil work construction at the NCDMB Gas Hub at Polak...
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NIMASA DG: Nigerian Maritime Industry Progressing On The Right Path
October 10, 2023 No Responses

NIMASA DG: Nigerian Maritime Industry Progressing On The Right Path

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Bashir Jamoh, OFR on Monday declared the country’s maritime sector as one of the fastest growing on the African continent. Dr Jamoh, who stated this on Monday dur...
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Tinubu Pledges 500,000 Jobs As Ajaokuta Steel Nears Completion
October 9, 2023 No Responses

Tinubu Pledges 500,000 Jobs As Ajaokuta Steel Nears Completion

President Bola Ahmed Tinubu declared on Sunday that with the hitherto abandoned Ajaokuta Steel Complex now nearing completion, the project will have the capacity to employ 500,000 Nigerians once designated as a free trade zone. The President further promised t...
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FG Seeks Partnership With Banking Sector On One Million Digital Jobs
October 7, 2023 No Responses

FG Seeks Partnership With Banking Sector On One Million Digital Jobs

The Vice President, Kashim Shettima has called for the partnership and support of the banking sector as part of measures to create one million digital jobs for young Nigerians.  Shettima made this appeal during a meeting with a delegation f...
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Divestments Of Oil Assets: NCDMB Warns Against Reduction In Compliance, Tax Revenue
October 6, 2023 No Responses

Divestments Of Oil Assets: NCDMB Warns Against Reduction In Compliance, Tax Revenue

The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian ...
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Exchanges Ring The Bell Globally To Support Investor Education, Protection
October 6, 2023 No Responses

Exchanges Ring The Bell Globally To Support Investor Education, Protection

The World Federation of Exchanges (WFE) is organising the annual Ring the Bell for Financial Literacy, to promote awareness of the role and importance of investor education and protection – both fundamental priorities for regulated public markets. A glo...
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NCDMB Implores Indigenous Oil Operators On Nigerian Content Act
October 5, 2023 No Responses

NCDMB Implores Indigenous Oil Operators On Nigerian Content Act

The Nigerian Content Development and Monitoring Board (NCDMB) has urged the indigenous oil operators to comply with the Nigerian Content Act so as to make the industry robust for all stakeholders. The Executive Secretary (ES), Engr. Simbi Wabote, gave this...
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Africa To Earn $58b Development Aid Through AfCFTA
October 5, 2023 No Responses

Africa To Earn $58b Development Aid Through AfCFTA

Internal trading will earn Africa more than $58 billion in development assistance, the Africa Continental Free Trade Area (AfCFTA) has said. The Chief of Staff, AfCFTA Secretariat, Silver Ojakol, made this known on behalf of the Secretary-General, Wamkele Mene...
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Lagos, Kwara, NNPC, Customs, Others Back GOCOP 7th Annual Conference
October 4, 2023 No Responses

Lagos, Kwara, NNPC, Customs, Others Back GOCOP 7th Annual Conference

The Lagos and Kwara States government as well as the Nigerian National Petroleum Company (NNPC) Limited, Nigeria Customs Service (NCS) are drumming support for the 7th annual conference of the Guild of Corporate Online Publishers (GOCOP), scheduled for Thursda...
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Ecobank Celebrates Customers, Reiterates Excellent Service Delivery
October 4, 2023 No Responses

Ecobank Celebrates Customers, Reiterates Excellent Service Delivery

Ecobank Nigeria has felicitated its customers in commemoration of this year’s Customer Service Week (CSW). The Customer Service Week is an international celebration of the importance of customer service and of the people who serve and support customers daily...
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