Category: Economy

FG Opens N150b Offers For Sukuk Bonds
October 4, 2023 No Responses

FG Opens N150b Offers For Sukuk Bonds

The Federal government through the Debt Management Office (DMO) has opened offers for subscriptions for 10 years of Ijarah Sukuk at 15.75% interest per annum due in October 2033. DMO explained on Tuesday that the subscription period is billed to...
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NLC, TUC Suspend Strike
October 3, 2023 No Responses

NLC, TUC Suspend Strike

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Monday suspended the planned indefinite nationwide strike, which was scheduled to commence on Tuesday, October 3, 2023. This followed the meeting between the leaders of organized labour a...
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Unlocking Prosperity: NGX Group’s Efforts In Bridging The Financial Literacy Gap
October 3, 2023 No Responses

Unlocking Prosperity: NGX Group’s Efforts In Bridging The Financial Literacy Gap

By Clifford Akpolo — Within the intricate landscape of Nigeria’s economic future lies a critical divide that demands the attention of all stakeholders — the chasm of financial literacy. In a nation with boundless aspirations, the sobering realit...
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Edo To Review N40,000 Minimum Wage
October 2, 2023 No Responses

Edo To Review N40,000 Minimum Wage

The Edo State Governor, Mr. Godwin Obaseki, has said his administration has begun to review the N40,000 minimum wage to the State workers. This is with a view to further increasing it as part of measures to cushion the impact...
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FG, States, LGCs Share N1.1tri For August
September 30, 2023 No Responses

FG, States, LGCs Share N1.1tri For August

THE Federation Account Allocation Committee (FAAC) has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August. This is contained in a communiqué issued by the FAAC at its September meeting. The...
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Presco’s Shareholders Get N8.6b Dividend For 2022
September 29, 2023 No Responses

Presco’s Shareholders Get N8.6b Dividend For 2022

  By Moses Ebosele, ebosele@hotmail.com Shareholders of Presco Plc have approved payment of final dividend of 660 kobo per share, indicating N6.6billion for the year ended December 31, 2022. The Company had paid an interim dividend of 200kobo pe...
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Oil Prices Fall As Russia, Saudi Arabia Boost Supply
September 29, 2023 No Responses

Oil Prices Fall As Russia, Saudi Arabia Boost Supply

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday.  Reuters report that Brent.....
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Blue Economy Can Help Nigeria Defeat Poverty, Says Prof Pauli
September 29, 2023 No Responses

Blue Economy Can Help Nigeria Defeat Poverty, Says Prof Pauli

The creator of Blue Economy, Prof Gunter Pauli, who hailed President Bola Tinubu for creating the Ministry of Marine and Blue Economy said the policy was overdue considering the abundant opportunities in Nigeria, but, warned that the government must aggressive...
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NAHCO Boosts Service Delivery With 21 Tata Vehicles
September 25, 2023 No Responses

NAHCO Boosts Service Delivery With 21 Tata Vehicles

As part of measures to enhance service delivery, the Nigerian Aviation Handling Company Plc (NAHCO) has unveiled newly acquired fleet of vehicles.  The commissioning ceremony, held at NAHCO’s headquarters in Lagos marked a “pivotal momen...
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FG, NGX To Drive Startup Listings With Tech Board
September 23, 2023 No Responses

FG, NGX To Drive Startup Listings With Tech Board

The Federal Government through the Ministry of Communications, Innovation and Digital Economy is to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board.  The Minister of Communications...
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Cardoso Assumes Duty As CBN Governor
September 23, 2023 No Responses

Cardoso Assumes Duty As CBN Governor

Acting Central Bank of NIgeria (CBN) Governor Dr. Olayemi Cardoso, on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the apex bank, pending his confirmation by the Senate. CBN in a statement, on...
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Edo Unveils New City Project
September 23, 2023 No Responses

Edo Unveils New City Project

The Edo State Commissioner for Housing, Urban and Regional Planning and Development, Isoken Omo, has said that a new city project, CORAL City, is being developed to decongest Benin City. She noted that about 467 plots in CORA City are now&n...
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Tinubu Rings Closing Bell At NASDAQ, Says Nigeria Open For Investment 
September 22, 2023 No Responses

Tinubu Rings Closing Bell At NASDAQ, Says Nigeria Open For Investment 

President Bola Ahmed Tinubu has called on foreign investors to bring their capital into the country as his government is working on easing the free flow of capital.   Tinubu stated this just before he rang the Closing Bell of...
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Blue Economy: NIMASA To Invest In Research, Development
September 22, 2023 No Responses

Blue Economy: NIMASA To Invest In Research, Development

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, OFR has disclosed that the Agency is set to reopen the Lokoja office, as part of efforts towards harnessing the Blue Economy, enhancing collaboration, wh...
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