Category: Economy

Trustcrow Unveils Property Title Search Report, Inspection Report For Nigerian Real Estate Market
April 3, 2025 No Responses

Trustcrow Unveils Property Title Search Report, Inspection Report For Nigerian Real Estate Market

Trustcrow, a leading property technology firm, has launched its flagship products, Title Search Report and Property Inspection Report, as a way to provide buyers with intelligence on properties so they can eliminate uncertainty in property transactions and fight back against...
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CBN Explains $23b Net Reserve
April 3, 2025 No Responses

CBN Explains $23b Net Reserve

Nigeria’s Net Foreign Exchange Reserve (NFER) hits $23.11 billion at the end of 2024, the highest level in over three years, the Central Bank of Nigeria (CBN), disclosed on Wednesday. According to CBN, the development reflects a substantial improvement in...
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Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others
April 1, 2025 No Responses

Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others

Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving...
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TCIPC Customs, NNS Beecroft Reaffirm Commitment To National Security, Trade Facilitation
March 30, 2025 No Responses

TCIPC Customs, NNS Beecroft Reaffirm Commitment To National Security, Trade Facilitation

The Nigeria Customs Service (NCS), Tincan Island Port Command (TCIPC), and the Nigerian Navy Ship (NNS), Beecroft, have renewed their commitment to securing Nigeria’s maritime borders and facilitating smooth trade operations.This was highlighted during a vis...
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Tinubu Signs Investments And Securities Bill 2025 Into Law
March 29, 2025 No Responses

Tinubu Signs Investments And Securities Bill 2025 Into Law

President Bola Ahmed Tinubu has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Securities Act 2025.This landmark legislation strengthens the legal frame...
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GTCO Declares N1.2tri For 2024
March 29, 2025 No Responses

GTCO Declares N1.2tri For 2024

For the 2024 financial year, GTCO Plc declared N1.266 trillion, profit before tax, up from N609.3 billion a year earlier. The Group, in its audited financial statement released on the Nigerian Exchange Limited on Friday, also disclosed a profit after...
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Nigeria, EU Discuss €1.3b Trade Investments In Nigeria
March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the...
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NNPCL Set For Initial Public Offer
March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...
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Ethiopian Airlines, Archer Sign New Agreement
March 27, 2025 No Responses

Ethiopian Airlines, Archer Sign New Agreement

Ethiopian Airlines and Archer have signed an agreement to introduce the “Launch Edition” Midnight aircraft, marking a significant milestone in bringing advanced eVTOL technology to Ethiopia and the African continent.This partnership aims to develop...
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UBA Declares N766.6b Profit For 2024
March 25, 2025 No Responses

UBA Declares N766.6b Profit For 2024

For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax,  up from N607.7billion  recorded at the end of 2023, an increase of of 26.14 per cent.   The 2024 financials, file...
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LPG Supply: NLNG Harps On Digitalisation, New Platform
March 22, 2025 No Responses

LPG Supply: NLNG Harps On Digitalisation, New Platform

As part of measures to improve operational efficiency of Domestic Liquefied Petroleum Gas (DLPG), the management of NLNG has reiterated it’s commitment to work closely with stakeholders.At an engagement session with stakeholders in Lagos, recently, NLNG ...
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NDDC Empowers Rice Farmers
March 22, 2025 No Responses

NDDC Empowers Rice Farmers

The Niger Delta Development Commission, NDDC, has reaffirmed its commitment to agricultural empowerment by concluding the second batch of its Capacity Building Programme for Rice Farmers on Commercial Scale in Umuahia, Abia State.  Speaking during the clo...
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Alao Assumes Duty As Permanent Secretary, Lagos Finance Ministry
March 21, 2025 No Responses

Alao Assumes Duty As Permanent Secretary, Lagos Finance Ministry

Mahmud Tajudeen Alao has officially assumed office as the new Permanent Secretary of the Lagos State Ministry of Finance, following his recent appointment by the Lagos State Governor, Mr. Babajide Sanwo-Olu.A distinguished financial expert and seasoned civil s...
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NADDC DG Visits Imo Governor To Discuss Partnership
March 21, 2025 No Responses

NADDC DG Visits Imo Governor To Discuss Partnership

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, on Thursday paid a courtesy visit to Imo State Governor, Senator Hope Uzodinma.The visit aimed to strengthen the ongoing collaboration between NADDC an...
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