Category: Economy

Edo Records N10b IGR In January
February 4, 2025 No Responses

Edo Records N10b IGR In January

Executive Chairman, Edo State Internal Revenue Service (IGR), Hon. Oladele Bankole-Balogun has revealed that the Edo Internal Revenue Service (EIRS) recorded over N10billion in the month of January, 2025.Bankole-Balogun revealed the development when he paid a visit to the Edo...
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Nigeria Generates $831.14b From Oil, Gas In 24 Years
February 4, 2025 No Responses

Nigeria Generates $831.14b From Oil, Gas In 24 Years

Nigeria generated over $831.14 billion in revenue from the oil and gas sector between 1999 and 2023, the Nigeria Extractive Industries Transparency Initiative (NEITI), has declared.  NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday when he...
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EFCC, NIRA To Strengthen Cyber Security Collaboration
January 30, 2025 No Responses

EFCC, NIRA To Strengthen Cyber Security Collaboration

The Nigeria Internet Registration Association, (NIRA) has resolved to strengthen its existing collaboration with the Economic and Financial Crimes Commission (EFCC) towards enhancing the country’s cyber security.The resolution was reached on Wednesday, Janua...
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Nigeria Secures $1.1b AfDB Loan
January 30, 2025 No Responses

Nigeria Secures $1.1b AfDB Loan

The Nigerian Government  has secured a $1.1 billion loan from the African Development Bank (AfDB) for the provision of electricity for 5 million people by the end of 2026. According to Bayo Onanuga, Special Adviser to the President, (Information &amp...
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IGR: Edo Inland Revenue Service Lauds NNPC
January 29, 2025 No Responses

IGR: Edo Inland Revenue Service Lauds NNPC

The Executive Chairman, Edo State Internal Revenue Service (EIRS,) Hon. Oladele Bankole-Balogun has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) E&P Limited for their contributions to the Internally Generated Revenue (IGR)...
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FCT-IRS Seeks EFCC’s Collaboration In Tackling Tax Fraud
January 29, 2025 No Responses

FCT-IRS Seeks EFCC’s Collaboration In Tackling Tax Fraud

The Federal Capital Territory Internal Revenue Services (FCT-IRS) has called on the Economic and Financial Crimes Commission, EFCC, to assist it in tackling tax liability of suspects being investigated for any form of economic and financial crime and other act...
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Photo News
January 29, 2025 No Responses

Photo News

The Managing Director/CEO, Nigeria LNG, Dr. Philip Mshelbila (right) and Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, after a high-level engagement between representatives...
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CBN To Commence Payment Of Forex Backlog
January 29, 2025 No Responses

CBN To Commence Payment Of Forex Backlog

The Governor of the Central Bank, Olayemi Cardoso has disclosed that the forensic verification to clear all pending foreign exchange backlogs is now completed and payments will commence soon. Speaking during the launch of the foreign exchange code, Cardoso lam...
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FG Targets 25% Port Operations Cost Reduction with National Single Window
January 28, 2025 No Responses

FG Targets 25% Port Operations Cost Reduction with National Single Window

The Federal Government has announced plans to implement the National Single Window (NSW) in its bid to reduce the cost of doing business in Nigerian ports by at least 25 per cent.Indeed, as highlighted by the World Bank, the cost...
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Lanre Shittu Motors Expands CNG Market Share
January 28, 2025 No Responses

Lanre Shittu Motors Expands CNG Market Share

Lanre Shittu Motors has unveiled plans to add more value to the auto commercial segment with its newly unveiled LSM brand .Managing Director of thecompany, Mr Taiwo Shittu, says the auto firm is pushing its LSM brand hard to dominate...
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Kano Targets 63,360 Garment Industry Jobs
January 28, 2025 No Responses

Kano Targets 63,360 Garment Industry Jobs

The Governor of Kano State, Alhaji Abba Kabir Yusuf, has announced plans to create 63,360 jobs for youths in the garment industry annually, starting from 2025. Director General of Media and Publicity, Kano Government House, Sanusi Bature Dawakin Tofa, explaine...
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Tin-Can Customs Reiterates Seamless Cargo Clearance
January 27, 2025 No Responses

Tin-Can Customs Reiterates Seamless Cargo Clearance

Ahead of the commencement of the Unified Customs Management System (UCMS), otherwise known as B’Odogwu, Tin-Can Customs Command of the Nigeria Customs Service (NCS) has reiterated commitment to seamless operations.Speaking on Monday during the World Customs ...
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Expert Projects Growth For Presco, Okomu Oil In 2025
January 23, 2025 No Responses

Expert Projects Growth For Presco, Okomu Oil In 2025

Former President of Chartered Institute of Stockbrokers (CIS) and Managing Director, Arthur Steven Asset Management Limited (ASAM), Olatunde Amolegbe, has projected growth for the Oil Palm Industry in 2025.Amolegbe’s positive outlook for the sector on Thursd...
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2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings
January 23, 2025 No Responses

2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings

For the year 2025, the Nigerian stock market is poised for significant growth, Arthur Steven Asset Management Limited (ASAM) has protected with a 39 per cent return on the All-Share Index (ASI).According to Olatunde Amolegbe, Managing Director, ASAM and former...
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