Category: Economy

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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Nigeria Endorses Commonwealth Roadmap On Gender Equality
August 26, 2023 No Responses

Nigeria Endorses Commonwealth Roadmap On Gender Equality

Women’s affairs ministers from Commonwealth countries, including representatives from Nigeria, on Friday committed to a roadmap, designed to scale up efforts to achieve gender equality and empower women and girls, especially in climate action.  The road...
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Nigeria Explains $2.5b Non-Oil Exports In Six Months
August 25, 2023 No Responses

Nigeria Explains $2.5b Non-Oil Exports In Six Months

The Nigerian Export Promotion Council says the country generated $2.5 billion from January to June from non-oil exports. The Executive Director of the NEPC, Dr. Ezra Yakusak, revealed this at a one-day workshop for emerging exporters. At the event on...
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British Govt Harps On Regeneration Of Edo State’s Forest Resources
August 24, 2023 No Responses

British Govt Harps On Regeneration Of Edo State’s Forest Resources

The British High Commissioner to Nigeria, Richard Montgomery has reinstated Britain’s commitment to support the Nigerian Government as part of efforts to preserve the forest and other natural resources for the benefit of future generation. Mr. Montgomer...
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NSML Rebrands As NLNG Shipping And Marine Services Limited
August 24, 2023 No Responses

NSML Rebrands As NLNG Shipping And Marine Services Limited

Key player in the maritime industry, NLNG Ship Management Limited (NSML) has officially announced its name change to NLNG Shipping and Marine Services Limited. According to the company, “this strategic move reflects the company’s evolving business focus an...
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At BRICS Summit, Nigeria Harps On MSME Empowerment
August 24, 2023 No Responses

At BRICS Summit, Nigeria Harps On MSME Empowerment

Empowering Micro Small and Medium Enterprises (MSMEs) to boost Nigeria’s economic growth is a key focus for President Bola Tinubu, Vice President Kashim Shettima has said.  Speaking with Journalists during his tour of exhibition stan...
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Tinubu Receives NLNG Team, Lauds Contribution To GDP, Development  
August 23, 2023 No Responses

Tinubu Receives NLNG Team, Lauds Contribution To GDP, Development  

President Bola Tinubu has commended Nigeria LNG Limited for its steadfast commitment to excellence and immense contributions to Nigeria’s Gross Domestic Product (GDP). Tinubu who spoke when the Board and Management of Nigeria LNG Limited paid him a court...
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FG, States Share N966b For July
August 23, 2023 No Responses

FG, States Share N966b For July

For the Month of July 2023, the Federation Account Allocation Committee (FAAC), has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs). The amount is higher than the N907. 054 billion shared in June, out...
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Farmers Seek Improved Investment In Agriculture
August 22, 2023 No Responses

Farmers Seek Improved Investment In Agriculture

AS economic situation bites harder on Nigerians, some farmers in Gombe have urged the state government to leverage the additional funds received from the Federation Account Allocation Committee (FAAC), to invest in the agriculture. They said such investment wa...
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NETCO Declares N5.53b Profit For 2022
August 22, 2023 No Responses

NETCO Declares N5.53b Profit For 2022

THE NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), has reported a profit before tax of N5.53 billion for the year ended Dec. 31, 2022. The profit represents a 178 per cent...
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Tinubu Appoints Minister For Niger Delta, Redeploys Oyetola To Marine & Blue Economy
August 21, 2023 No Responses

Tinubu Appoints Minister For Niger Delta, Redeploys Oyetola To Marine & Blue Economy

President Bola Ahmed Tinubu has approved the redeployment of Abubakar Momoh from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development. In a statement on Sunday, Presidential spokesman, Ajuri Ngelale explained that Tinubu will announ...
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