Category: Economy

Naira Loses Further To Dollar
March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...
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Shareholders Hold Investors Summit Thursday
March 14, 2023 No Responses

Shareholders Hold Investors Summit Thursday

All is now set for the 2023 Investors’ Summit organized by members of the Proactive Shareholders Association of Nigeria (PROSAN). Under the chairmanship of former chairman, NAHCO AVIANCE, Alhaji Sulaiman Yahyah, the event is scheduled to hold on Thursday, Ma...
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CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes
March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...
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Winners Emerge In Ecobank Supper Reward Campaign 
February 22, 2023 No Responses

Winners Emerge In Ecobank Supper Reward Campaign 

Ecobank Nigeria Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), has rewarded four customers, being winners in the Super Rewards deposit promo with N1 million each.   The Super Rewards Campaign is a customer-focused initiative ...
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<strong>Court Sets Aside Execution On Stallion </strong>
February 22, 2023 No Responses

Court Sets Aside Execution On Stallion 

The Federal high court in Lagos has set aside a purported execution carried out by Guaranty Trust Bank  (GTB)Plc against Stallion Nigeria Limited over alleged N13 billion judgement debt.  Justice Ambrose Lewis Alagoa  in a ruling deliv...
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Edo Disburses N703m To 1,681 MSMEs 
February 19, 2023 No Responses

Edo Disburses N703m To 1,681 MSMEs 

The Edo State Government has disbursed  N703,678,950 to 1,681 Micro Small and Medium Enterprises (MSMEs) in the state under the Edo MSME Fund scheme.  Project Manager, Edo State MSME Fund, Joseph Ojoboh, who disclosed this in...
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Buhari’s Speech on Currency Swap  
February 16, 2023 No Responses

Buhari’s Speech on Currency Swap  

My Dear Compatriots,   I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...
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FEC Approves $53.1m For Electricity Conductors
February 16, 2023 No Responses

FEC Approves $53.1m For Electricity Conductors

The Federal Executive Council (FEC) has approved $53.1 million and N2.1billion as local component for the procurement and installation of electricity conductors to boost power supply across the country.   Minister of Power, Abubakar Aliyu, made this known...
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Fishermen Lament Cash Crunch, Fuel Scarcity
February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation.  Niger Delta Coordinator, Artisanal Fishermen Associa...
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CIECOBON At Shippers’ Council, Harps On Nigerian Exports  
February 12, 2023 No Responses

CIECOBON At Shippers’ Council, Harps On Nigerian Exports  

The Chartered Institute of Export and Commodity Brokers of Nigeria (CIECOBON) has urged the Federal Government through the Nigerian Shippers’ Council (NSC) to establish an export-specific port to further encourage exports.   The President/Council Chairm...
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Firm Expands Oil Palm Plantation In Edo
February 12, 2023 No Responses

Firm Expands Oil Palm Plantation In Edo

Fayus Nigeria Limited has commenced the development of a 3000-hectare oil palm plantation in Ugbeturu Community, Owan West Local Government Area of Edo State, with a plan to create 5000 jobs in the community at full capacity.   The project...
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Stallion Auto-Keke Lauds Delta Govt’s Support For Investors 
February 11, 2023 No Responses

Stallion Auto-Keke Lauds Delta Govt’s Support For Investors 

The Stallion Auto-Keke company has lauded the Gov. Ifeanyi Okowa’s led administration for its support and peaceful disposition that had encouraged private investments in Delta.  The investor gave the commendation on Friday when the Delta State Investmen...
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FG Reopens N360b Bonds For Auction 
February 11, 2023 No Responses

FG Reopens N360b Bonds For Auction 

The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction.   Announcing the bond auction, the DMO listed the first offer as a February 2028...
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Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  
February 11, 2023 No Responses

Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  

The Federal Government on Friday inaugurated three projects executed by the Federal Ministry of Transportation worth N300.67 million at the Seme-Krake Joint Border Post, Lagos.      Inaugurating the projects, Prince Ademola Adegoroye, the Minist...
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