Category: Economy

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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NADDC To Partner University Of Abuja On Charging Stations, Research
January 11, 2024 No Responses

NADDC To Partner University Of Abuja On Charging Stations, Research

The Director General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin on Thursday received the Vice Chancellor of the University of Abuja, represented by the Dean, Faculty of Engineering, Prof. Ibrahim Ozigi on a court...
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SAHCO Renews British Airways Ground Handling Contract For Five Years
January 11, 2024 No Responses

SAHCO Renews British Airways Ground Handling Contract For Five Years

Skyway Aviation Handling Company (SAHCO) Plc has renewed ground handling contract to provide aviation ground handling services for British Airways (BA) at the Murtala Muhammed International Airport Ikeja in Lagos and the Nnamdi Azikiwe International Airport in...
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Photo News
January 11, 2024 No Responses

Photo News

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NGX All-Share Index Drops By 1.4%, Investors Lose N638b
January 11, 2024 No Responses

NGX All-Share Index Drops By 1.4%, Investors Lose N638b

The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...
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Blue Economy: The Role Of Academia, By Jamoh
January 11, 2024 No Responses

Blue Economy: The Role Of Academia, By Jamoh

The academia has a major role to play in the development of the Blue Economy in Nigeria, Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh has said Dr Jamoh, who stated this during a courtesy...
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Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank
January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...
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283,003 Lagos Residents To Receive N25,000 Each From FG
January 10, 2024 No Responses

283,003 Lagos Residents To Receive N25,000 Each From FG

Not less than 283,003 Lagos residents are to receive N25,000 each from the Federal Government under it conditional cash transfer scheme. The National Programme Manager of the National Cash Transfer Office (NCTO) in Abuja, Dr. Michael Ajuluchuku, explained on T...
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Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards
January 10, 2024 No Responses

Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....
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