Category: Economy

Dangote Refinery: Case Against NNPCL, Rano, Matrix, Others Overtaken By Events
October 22, 2024 No Responses

Dangote Refinery: Case Against NNPCL, Rano, Matrix, Others Overtaken By Events

The management of Dangote Petroleum Refinery and Petrochemicals FZE has reacted to the reported case it instituted against the Nigerian National Petroleum Corporation Limited and others seeking the nullification of their import licences. The company spoke in a statement by...
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UBA Declares N525.3b Profit In Q3 2024
October 22, 2024 No Responses

UBA Declares N525.3b Profit In Q3 2024

For the month of third quarter ended September 2024, United Bank for Africa (UBA) Plc, recorded N525.31 billion Profit After Tax (PAT). The unaudited financial report filed with the Nigerian Exchange Ltd.(NGX) on Monday indicates 16.9 per cent increase, from.....
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Edo Records N67.2b IGR In Nine Months
October 22, 2024 No Responses

Edo Records N67.2b IGR In Nine Months

Between January and September, 2024, Edo Internal Revenue Service (EIRS) attained N67.29 billion as Internally Generated Revenue (IGR). A statement issued on Monday by  Mr Courage Egboigbe, Head, Corporate Communications, Edo IRS explained that  Mr J...
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NDDC MD: NDCCITMA Will Create Jobs, Boost Businesses
October 21, 2024 No Responses

NDDC MD: NDCCITMA Will Create Jobs, Boost Businesses

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stated that the formation of the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture, NDCCITMA was borne out of the need to create jobs a...
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FG Unveils Export Skills Centre In Lagos 
October 20, 2024 No Responses

FG Unveils Export Skills Centre In Lagos 

As part of measures to boost non-oil exports, the Federal Government has unveiled the Export Skills Acquisition Centre (ESAC) in Apapa, Lagos State. The Minister of Industry, Trade, and Investment, Doris Nkiruka Uzoka-Anite, announced the launch via her o...
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NADDC, Reps To Propel Auto Industry Through Legislation
October 19, 2024 No Responses

NADDC, Reps To Propel Auto Industry Through Legislation

Members of the House of Representatives Committee on Delegated Legislation has expressed readiness to synergize with the National Automotive Design and Development Council (NADDC) to further propel the development of the Nigeria Automotive Industry.This was di...
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NCMI Holds Compliance Summit on FATF
October 19, 2024 No Responses

NCMI Holds Compliance Summit on FATF

The Nigerian Capital Market Institute (NCMI), a subsidiary of the Securities and Exchange Commission (SEC) is holding a compliance summit for Chief Executive Officers and Compliance Officers on Financial Action Task Force and other related issues.The Summit wi...
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Leadway Assurance Blames Gtbank For Delayed Annuity Payment
October 19, 2024 No Responses

Leadway Assurance Blames Gtbank For Delayed Annuity Payment

Leadway Assurance has blamed delay in the payment of September 2024 annuity on transaction challenges at Gtbank.Some Gtbank account holders are yet to receive their payments for the Month of September 2024.Leadway Assurance in a notice sent to annuitants expla...
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CNG: FG Lists Approved Conversation Workshops
October 18, 2024 No Responses

CNG: FG Lists Approved Conversation Workshops

The National Automotive Design and Development Council (NADDC) has emphasized the need to obtain standard Compressed Natural Gas (CNG) Conversion from NADDC accredited Vehicle Conversion Workshops across the country.A notice issued by NADDC and obtained by Cit...
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FG, States, LGAs Share N1.289tri
October 18, 2024 No Responses

FG, States, LGAs Share N1.289tri

The Federation Account Allocation Committee (FAAC), at its October 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.298 Trillion to the three tiers of government as...
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UAE Partners NDDC On Development Projects
October 17, 2024 No Responses

UAE Partners NDDC On Development Projects

The United Arab Emirates, UAE, and the Niger Delta Development Commission, NDDC, have agreed to set up a joint committee to develop a partnership framework to support development projects and programmes in the Niger Delta region.This followed a meeting between...
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FG Meets Labour Leaders Over Petrol Price Hike
October 17, 2024 No Responses

FG Meets Labour Leaders Over Petrol Price Hike

The Federal Government on Wednesday met with the leadership of the Organised Labour at the office of the Secretary to the Government of the Federation, George Akume, Abuja. Minister of Information and National Orientation, Mohammed Idris, led the Federal Gover...
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Lagos To Pay N85,000 Minimum Wage, Explains Debt Profile
October 17, 2024 No Responses

Lagos To Pay N85,000 Minimum Wage, Explains Debt Profile

The Lagos state government is to pay N85,000 minimum wage to civil servants, higher than the Federal Government’s approved minimum wage of N70,000. Mr Babajide Sanwo-Olu, Lagos state Governor stated this in an interview on Channels Television on Wednesday ...
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NASENI Awards N70.5m Grant To Six Female Engineers
October 16, 2024 No Responses

NASENI Awards N70.5m Grant To Six Female Engineers

The National Agency for Science and Engineering Infrastructure (NASENI) through the Presidential Implementation Committee on Technology Transfer (PICTT) has awarded the sum of N70.5 million naira grant to six winners of the Developing Engineering Leaders Throu...
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