Category: Economy

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1
May 17, 2022 No Responses

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1

For the first quarter (Q1) of 2022 ended March 31, 2022, Dangote Cement Plc recorded unaudited 24.2 percent increase in revenue and an 18 percent increase in profit after tax, amounting to N413.2 billion revenue and profit after tax of₦105.9 billion...
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NPA May Revoke Concession Agreement  
May 16, 2022 No Responses

NPA May Revoke Concession Agreement  

The Nigerian Ports Authority (NPA) has disclosed that five terminal operators are being monitored to ensure they do the right things as regards their commitment and obligations as agreed under the Port Concession agreement.    Speaking at an interact...
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NPA Partners NLNG On Vessel Traffic Services
May 16, 2022 No Responses

NPA Partners NLNG On Vessel Traffic Services

By  ebosele@hotmail.com The Nigerian Ports Authority (NPA) is working closely with the Nigeria Liquefied Natural Gas (NLNG) to deploy Vessel Traffic Services (VTS) in Bonny.    Already, arrangements are being put in place for survey as part...
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NLNG Tops Tax Compliance Firms In Nigeria
May 16, 2022 No Responses

NLNG Tops Tax Compliance Firms In Nigeria

The Federal Inland Revenue Service (FIRS), on Monday, listed Nigeria’s top-performing taxpayers in the year 2021 and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social cont...
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Mandilas Group Tasks Stakeholders On Sustainable Cold Chain Industry
May 16, 2022 No Responses

Mandilas Group Tasks Stakeholders On Sustainable Cold Chain Industry

Mandilas Group Limited has joined ongoing clamour to curtail post-harvest losses and expansion of the cold chain industry in Nigeria.   According to the Group, a vibrant cold chain industry will help preserve and protect the supply of food and...
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Spotlight Shines On Nigeria’s Growing Fiscal Deficit
May 14, 2022 No Responses

Spotlight Shines On Nigeria’s Growing Fiscal Deficit

By  Lukman Otunuga, Senior Research Analyst at FXTM — It’s no secret that many developing countries boast high fiscal deficits in the pursuit of economic growth. Nigeria’s ballooning debt profile is a perfect example of how excessive government spe...
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DMO Lists N225b FGN Bond For Subscription By Auction
May 12, 2022 No Responses

DMO Lists N225b FGN Bond For Subscription By Auction

The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN)  bonds valued at N225bn, for subscription through auction.   The DMO announced the bonds offer in a statement on Thursday.   The offers are...
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Experts Urge Stakeholders To Harness Maritime Potential For Economic Growth
May 12, 2022 No Responses

Experts Urge Stakeholders To Harness Maritime Potential For Economic Growth

Experts on Thursday urged stakeholders in maritime sector to harness its full potential to achieve the desired economic growth for the country.   The experts said this at a virtual forum of the Nigeria Bar Association Section on Business Law (NBA-SBL...
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Ten Ships With Frozen Fish, Wheat, Petrol, Others Berth At Lagos Ports
May 11, 2022 No Responses

Ten Ships With Frozen Fish, Wheat, Petrol, Others Berth At Lagos Ports

The Nigerian Ports Authority (NPA), on Wednesday, said ten Ships had arrived the Lagos ports and were waiting to berth with petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar.   NPA also explained that another 20...
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NPA Awards Contract For Escravos Channel Dredging
May 11, 2022 No Responses

NPA Awards Contract For Escravos Channel Dredging

As part of measures to revive the port in Delta State, the Federal Government has awarded contract for remedial dredging of Escravos channel.    Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko,  who disclosed this in ...
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Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports
May 10, 2022 No Responses

Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports

The Nigeria International Trade Fair/Expo (NITFE) organisers have called for more investment in the non-oil sector, including sports to fast track the nation’s socio-economic development. Mr Innocent Ogu, President, African Legacy International, Co-organiser...
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Support Local Production In Areas Of Comparative Advantage, Erisco Foods MD Urges Govt
May 10, 2022 No Responses

Support Local Production In Areas Of Comparative Advantage, Erisco Foods MD Urges Govt

Government support to local production in areas of comparative advantage is the only sustainable solution to the nation’s economic challenges, Managing Director, Erisco Foods Limited, Mr Nnamdi Umeofia  has advised   Umeofia made the rema...
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NPA To Receive 26 Ships Laden With Jet Fuel, Bulk Salt, Petroleum Products, Others At Lagos Port
May 10, 2022 No Responses

NPA To Receive 26 Ships Laden With Jet Fuel, Bulk Salt, Petroleum Products, Others At Lagos Port

The Nigerian Ports Authority (NPA) on Tuesday disclosed that 26 ships were expected to arrive at the Lagos Port Complex from May 10 to May 26, 2022.   NPA  in its daily publication, Shipping Position, explained that the ...
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Transcorp Hotels Declares N7.04b Revenue, N1.067b Profit Before Tax In Q1  
May 10, 2022 No Responses

Transcorp Hotels Declares N7.04b Revenue, N1.067b Profit Before Tax In Q1  

For the 2022 First Quarter (Q1),  Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc. (Transcorp Group) has declared  77.4 per cent  growth in revenue to N7.04 billion from N3.97 billion in the same period in 2021...
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