Category: Economy

Fidelity Bank Declares N8b Interim Dividend
September 7, 2023 No Responses

Fidelity Bank Declares N8b Interim Dividend

For the half year ended June 2023, Fidelity Bank Plc has declared an interim dividend of N8 billion, representing N0.25 per share  In a notice to the Nigerian Exchange Limited (NGX), the Board of Directors proposed the payment of an...
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Safety, Security, Unregulated Fishing, Others Top Oyetola’s Agenda
September 6, 2023 No Responses

Safety, Security, Unregulated Fishing, Others Top Oyetola’s Agenda

The Minister of the Marine and Blue Economy, His Excellency Adegboyega Oyetola, has stated that tackling illegal, unreported and unregulated (IUU) fishing, harnessing marine tourism, safety and security are top of the agenda of his administration as Minister o...
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Carloha Extetnds Tentacles To The Palms
September 5, 2023 No Responses

Carloha Extetnds Tentacles To The Palms

By Moses Ebosele, ebosele@hotmail.com Carloha Nigeria, one of the leading automotive dealerships has unveiled its  state-of-the-art showroom at The Palms, Lekki, Lagos State.  Speaking at the clourful ceremony where the star attraction was ...
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Nigeria Issues Illegal Miners 30-Day Ultimatum
September 4, 2023 No Responses

Nigeria Issues Illegal Miners 30-Day Ultimatum

The Federal Government of Nigeria has issued a 30-day ultimatum to illegal miners to desist from such activities in the country. Speaking during a press conference in Abuja on Sunday, the Minister of Solid Minerals Development, Dele Alake, explained that...
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Dangote Cement Remits N412.9b Tax To Govt In Three Years  
September 4, 2023 No Responses

Dangote Cement Remits N412.9b Tax To Govt In Three Years  

Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for three consecutive years. A statement sent to City Business News explained that a total...
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Keyamo: Lagos Accounts For 60 Per Cent Of FAAN’s Revenue
September 2, 2023 No Responses

Keyamo: Lagos Accounts For 60 Per Cent Of FAAN’s Revenue

Minister of Aviation and Aerospace Development, Festus Keyamo has expressed the Federal Government’s desire to optimize the generating capacity of the Federal Airport Authority of Nigeria (FAAN). Speaking during the facility visit of the Lagos Airport, K...
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NGX Group To Pay Interim Dividend On Thursday
August 30, 2023 No Responses

NGX Group To Pay Interim Dividend On Thursday

Nigerian Exchange Group Plc is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each on Thursday, 31 August 2023. This comes subsequent to an emergency board meeting convened by the Group...
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Japanese Ambassador Hosts NPA Boss, Harps On Trade, Investment
August 30, 2023 No Responses

Japanese Ambassador Hosts NPA Boss, Harps On Trade, Investment

The Japanese Ambassador and Permanent Representative to ECOWAS, Mr. Matsunaga Kazuyoshi, has commended the Managing Director of Nigerian Ports Authority (NPA), Mohammed Bello Koko for facilitating growth in the value of Nigeria – Japan trade vo...
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SEC Seals Offices of Stockmatch
August 29, 2023 No Responses

SEC Seals Offices of Stockmatch

As part of measures to ensure unregistered entities are not allowed to engage in capital market functions, the Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engag...
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Photo News
August 29, 2023 No Responses

Photo News

The Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA), Mohammed Bello Koko (right) on Tuesday visited the Ag. Comptroller General of the Nigerian Customs Service (NCS), Mr. Adewale Adeniyi (Right)  at the Customs Headquarters in Abuj...
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Due Process Was Followed In NNPCL $3b Afriexim Bank Loan
August 29, 2023 No Responses

Due Process Was Followed In NNPCL $3b Afriexim Bank Loan

Due process was followed in securing the Nigeria National Petroleum Company Limited (NNPCL) $3 Billion Afriexim bank Loan, an official has said  The $3 billion loan deal, which was signed in Cairo a frothnight ago is to enable the NNPC...
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Nigeria Ends Borrowing
August 29, 2023 No Responses

Nigeria Ends Borrowing

The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this...
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How To Ease Forex Scarcity, Boost Economy Through Alternative Fuel Regime, By Stakeholders
August 28, 2023 No Responses

How To Ease Forex Scarcity, Boost Economy Through Alternative Fuel Regime, By Stakeholders

By Moses Ebosele, ebosele@hotmai.com — To successfully navigate fuel subsidy removal challenges, some stakeholders in the automobile, oil and gas sectors have called on Nigerians to take advantage of alternative fuel. They made the call at the 2023 ...
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STOAN Congratulates Oyetola, Pledges Support To Harness Blue Economy
August 28, 2023 No Responses

STOAN Congratulates Oyetola, Pledges Support To Harness Blue Economy

The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to fully support the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, to harness the potential of the maritime sector. The Chairman of STOAN, Princess Vicky Haastrup, who sa...
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