Category: Economy

World Bank Implores Nigeria On Borrowing From CBN
July 28, 2023 No Responses

World Bank Implores Nigeria On Borrowing From CBN

To reduce inflationary pressure on the economy, the World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on Thursday during an economic review session at...
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Honda Unveils ‘Purchase Palliatives’ As Competitors Raise Prices
July 27, 2023 No Responses

Honda Unveils ‘Purchase Palliatives’ As Competitors Raise Prices

Honda Automobile Western Africa Ltd (HAWA), the company that assembles a range of Honda cars for the Nigerian market, has unveiled what has been described in the local market as a unique and customer-friendly sales/after-sales package. HAWA is introducing the....
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Again, Ecobank Bags Euromoney Africa’s Best Bank for SMEs Award
July 26, 2023 No Responses

Again, Ecobank Bags Euromoney Africa’s Best Bank for SMEs Award

Ecobank has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group...
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NPA Raises Alarm  Over Increasing Extortion Along Port Access Road
July 25, 2023 No Responses

NPA Raises Alarm  Over Increasing Extortion Along Port Access Road

The Nigerian Ports Authority (NPA) has raised the alarm on increasing extortion along the access roads of the Lagos and Tin Can Island Port Complexes.This is coming on the heels of the clearance operations the Authority undertook on 16th to...
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Edo Based Ethanol Refinery Targets $29m Per Annum
July 25, 2023 No Responses

Edo Based Ethanol Refinery Targets $29m Per Annum

The Greenhill Ethanol Plant in Ologbo, Ikpoba Okha Local Government Area of Edo State, has been projected to meet 5.8 percent of Nigeria’s ethanol needs and rake in about $29 million in revenue yearly at full capacity. The projections were...
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Ecobank Woos SMEs In Nigeria With Single Market Trade Hub
July 22, 2023 No Responses

Ecobank Woos SMEs In Nigeria With Single Market Trade Hub

Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently.  The Ecobank Single Market Trade Hub is a cutting-edge digital platform...
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NNPCL Pays N123b Interim Dividend To FAAC
July 22, 2023 No Responses

NNPCL Pays N123b Interim Dividend To FAAC

As part of measures to consolidate its post Petroleum Industry Act (PIA) 2021 status as an income generating company, the Nigerian National Petroleum Company Limited (NNPCL), on Thursday commenced the payment of interim dividend and PSC profit oil into the...
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NGX Reclassifies Fidelity Bank As Medium Price Stock
July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock.  NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...
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FIRS Rakes In N5.5Trillion In Six Months
July 21, 2023 No Responses

FIRS Rakes In N5.5Trillion In Six Months

The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023.   A statement issued by Johannes Oluwatobi Wojuola, Special Assistant to the Executive Chai...
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Eleven Jostle For $100,000 Nigeria Prize For Literature
July 21, 2023 No Responses

Eleven Jostle For $100,000 Nigeria Prize For Literature

The Advisory Board for The Nigeria Prize for Literature on Thursday announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama.The literature prize is sponsored...
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Petrol Pump Price Climbs to 617, 700 Naira in Lagos, Abuja
July 18, 2023 No Responses

Petrol Pump Price Climbs to 617, 700 Naira in Lagos, Abuja

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NPA Generates N191.4b Revenue In Six  Months, Remits N55.7b To CRF 
July 18, 2023 No Responses

NPA Generates N191.4b Revenue In Six  Months, Remits N55.7b To CRF 

The Nigerian Ports Authority (NPA) has generated a total revenue of N191, 430,093,501.00 (One hundred and ninety-one billion, four hundred and thirty million, ninety-three thousand and five hundred and one naira only) from its operations in the first half of.....
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NASENI Invites Producers of Lithium Batteries To Manufacture In Nigeria
July 18, 2023 No Responses

NASENI Invites Producers of Lithium Batteries To Manufacture In Nigeria

The National Agency for Science and Engineering Infrastructure (NASENI) is calling on investors to collaborate with the Agency in local production and domestication of Lithium batteries among other renewable energy solutions.   The Executive Vice Cha...
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Seplat CEO: Nigeria’s Upstream Sector Needs Success Stories To Attract More Investments 
July 14, 2023 No Responses

Seplat CEO: Nigeria’s Upstream Sector Needs Success Stories To Attract More Investments 

There is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown,...
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