Category: Economy

Ghana Understudies Nigerian Cabotage Regime
May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administration and...
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Dangote Implores African Countries On Trade Barriers
May 2, 2023 No Responses

Dangote Implores African Countries On Trade Barriers

President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player ...
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NAFDAC Probes Indomie Noodles
May 1, 2023 No Responses

NAFDAC Probes Indomie Noodles

The National Agency for Food and Drug Administration and Control (NAFDC) has commenced investigation and is responding to the news of recalled Indomie noodles by Taiwan and Malaysia authorities. A statement issued on Monday explained that on May 2,20...
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Air Peace Launches Nonstop Flights To India
March 31, 2023 No Responses

Air Peace Launches Nonstop Flights To India

West and Central Africa’s leading airline, Air Peace, in its characteristic way of setting aviation records, achieved another first on March 31, 2023, by launching direct, nonstop flight services to Mumbai, the capital city of Maharashtra State in Southweste...
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Ashok Leyland, Stallion Motors Unveil Phoenix
March 31, 2023 No Responses

Ashok Leyland, Stallion Motors Unveil Phoenix

Ashok Leyland, flagship of the Hinduja Group, along with Stallion Motors, its Exclusive Distributor in Nigeria for over a decade, launched the successful light commercial vehicle, Phoenix in Lagos, for Nigeria market.A statement explained that the exclusive na...
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NIMASA, NCC Partner On Submarine Cable Regulation
March 27, 2023 No Responses

NIMASA, NCC Partner On Submarine Cable Regulation

The Nigerian Maritime Administration and Safety Agency (NIMASA), and Nigerian Communications Commission (NCC) have agreed to work closely in developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Niger...
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Envoy: All Set For Air Peace Direct Flight To India March 31
March 27, 2023 No Responses

Envoy: All Set For Air Peace Direct Flight To India March 31

The much-anticipated direct flights from Nigeria to India is set to commence on March 31, 2023, Mr Gangadharan Balasubramanian, Indian High Commissioner to Nigeria, has said. Balasubramanian told the News Agency of Nigeria (NAN) in Abuja that Air Peace, a...
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Edo Gets Tentative Approval For Auchi Airport
March 27, 2023 No Responses

Edo Gets Tentative Approval For Auchi Airport

The Edo State Governor, Mr. Godwin Obaseki, has said the State Government is committed to the development of a new airport in Auchi, Edo North Senatorial District of the State.  Briefing journalists in Auchi, at the weekend, Obaseki said the...
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Court Blocks Oyo State Govt’s Accounts In Four Banks Over N3.4b Debt
March 27, 2023 No Responses

Court Blocks Oyo State Govt’s Accounts In Four Banks Over N3.4b Debt

A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on...
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Experts’ Caution Against Interest Rate Benchmark At 18%
March 22, 2023 No Responses

Experts’ Caution Against Interest Rate Benchmark At 18%

A financial expert, Dr Tunde Adeoye, says increasing Monetary Policy Rate (MPR) from 17.5 per cent to 18 per cent by Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) can lead to a prolonged downturn in economic activities....
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Poultry Association Laments Rising Cost Of Eggs
March 14, 2023 No Responses

Poultry Association Laments Rising Cost Of Eggs

The Poultry Association of Nigeria (PAN) has blamed the hike in the price of eggs on cash scarcity and the rising cost of raw materials. The News Agency of Nigeria (NAN) reports that the cost of a crate of eggs...
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DMO Re-Opens Auction For N360b FGN Bonds
March 14, 2023 No Responses

DMO Re-Opens Auction For N360b FGN Bonds

The Debt Management Office (DMO) on Tuesday offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction. According to the DMO, the first offer is a February 2028 FGN Bond valued at N90 billion...
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Okomu Oil Empowers Women  On Waste To Wealth Initiatives   
March 14, 2023 No Responses

Okomu Oil Empowers Women  On Waste To Wealth Initiatives   

Okomu Oil Palm Plc has empowered not less than 70 women on how to turn waste to wealth as part of activities to mark the 2023 International Women’s Day. According to Okomu Oil Palm Plc, the two day skills acquisition...
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FG Takes Over Yobe Cargo Airport
March 14, 2023 No Responses

FG Takes Over Yobe Cargo Airport

The Federal Government has taken over the recently inaugurated Muhammadu Buhari International Cargo Airport, Damaturu, Gov. Mai Mala Buni of Yobe, disclosed on Monday. Speaking at the launch of a book titled: “Gov. Buni’s 1,500 projects” authored by Alha...
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