Category: Economy

ECU Partners SIFAX Shipping On Global Market Access
July 22, 2024 No Responses

ECU Partners SIFAX Shipping On Global Market Access

  ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary and a leader in LCL consolidation, has partnered with SIFAX Shipping Company Limited, a subsidiary of SIFAX Group, to introduce LCL consolidation services to exporters especially Small and Medium Enterprises (SMEs) in...
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Tinubu Receives ENI Delegation
July 20, 2024 No Responses

Tinubu Receives ENI Delegation

President Bola Tinubu on Friday in Abuja received a delegation from international energy company, ENI. Tinubu commended the company for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investm...
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CBN Allocates $106.5m To 29 FX Dealer Banks
July 20, 2024 No Responses

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks.  In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...
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CBN Approves $20,000 For Each BDC Operator
July 19, 2024 No Responses

CBN Approves $20,000 For Each BDC Operator

The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC) operators at 1,450 naira to a dollar. The apex bank said the sum of $20,000 is to be sold to...
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Minimum Wage: Why Labour Accepted ₦70,000, By NLC, TUC
July 19, 2024 No Responses

Minimum Wage: Why Labour Accepted ₦70,000, By NLC, TUC

The Organised Labour agreed to ₦70,000 as the new minimum wage for Nigerian workers because the wage reviews in the country will no longer be every five years but once in three years, the President of the Nigeria Labour Congress...
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Ecobank To Host SMEs On Solar Energy As Alternative Power Source
July 19, 2024 No Responses

Ecobank To Host SMEs On Solar Energy As Alternative Power Source

Ecobank Nigeria is set for its SME Conference on the use of Solar Energy as an alternative source of power for businesses in Nigeria. The monthly virtual conference is part of the Bank’s  MySME Growth Series designed to empower SMEs...
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Auto Stakeholders Commence Exhibition Of  Made-In-Nigeria Vehicles 
July 17, 2024 No Responses

Auto Stakeholders Commence Exhibition Of  Made-In-Nigeria Vehicles 

The Nigeria Automotive Industry Stakeholders Conference, anchored by Value Plus Creation and Data Technology Managers in collaboration with the National Automotive Design and Development Council (NADDC), on Wednesday, 17th July,  2024, commenced profiling...
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NDDC Boss Harps On Effective, Professional Workforce
July 16, 2024 No Responses

NDDC Boss Harps On Effective, Professional Workforce

Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the importance of an effective and professional workforce duly equipped with skills and well-motivated by sustainable wages to drive the Commission’s efforts to...
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FG Tasks New NEITI Board On Resource Mobilisation
July 16, 2024 No Responses

FG Tasks New NEITI Board On Resource Mobilisation

The Federal Government has challenged the newly reconstituted Board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to strengthen the agency’s drive towards domestic resource mobilization.  Secretary to the Government of the Federat...
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Niger Delta Stakeholders Seek Active NDDC Advisory Committee
July 14, 2024 No Responses

Niger Delta Stakeholders Seek Active NDDC Advisory Committee

Niger Delta Stakeholders have stressed the urgent need to re-activate the Niger Delta Development Commission, NDDC, Advisory Committee, as provided for in its Establishment Act, to advise and monitor the activities of the Commission. This was part of the ...
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CBN Sells $122.67m To 46 Dealers
July 13, 2024 No Responses

CBN Sells $122.67m To 46 Dealers

As part of measures to promote stability and reduce market volatility in the foreign exchange market, the Central Bank of Nigeria (CBN) has sold $122.67m to 46 authorised dealers A statement signed by the Bank’s Director in charge of Financial...
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Tinubu Appoints Dantsoho NPA MD 
July 12, 2024 No Responses

Tinubu Appoints Dantsoho NPA MD 

President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the Managing Director of the Nigerian Ports Authority (NPA). The President has also approved the appointment of Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian...
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NDDC Pledges To Accelerate Development With 2024 Budget
July 11, 2024 No Responses

NDDC Pledges To Accelerate Development With 2024 Budget

The Niger Delta Development Commission, NDDC, has promised that the early approval of the Commission’s 2024 budget will help to fast-track the development and socio-economic transformation of the Niger Delta region.The NDDC Managing Director, Dr Samuel Ogbuk...
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NGX Unveils Impact Board For Sustainable Instruments
July 11, 2024 No Responses

NGX Unveils Impact Board For Sustainable Instruments

Nigerian Exchange Limited (NGX) has unveiled its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC). This initiative was announced during a Closing Gong Ceremony in La...
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