Category: Economy

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 contract with the...
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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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SEC Nigeria Proposes Full Digital Capital Market
May 9, 2022 No Responses

SEC Nigeria Proposes Full Digital Capital Market

As part of measures to fully digitalise operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) is proposing some guidelines that will enable investors virtually do everything they need to do on their internet-enabled appliances...
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DMO Offers Two FGN Bonds For Subscription
May 9, 2022 No Responses

DMO Offers Two FGN Bonds For Subscription

The Debt Management Office (DMO), on Monday announced the offer of two more Federal Government of Nigeria (FGN) bonds for subscription.   The first offer is a two-year FGN savings bond which will be due on May 18, 2024, at...
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Osinbajo: Africa Must Produce What It Eats
May 9, 2022 No Responses

Osinbajo: Africa Must Produce What It Eats

Vice-President Yemi Osinbajo on Monday challenged Africa to produce what it eats and reduce its dependence on external countries.   Osinbajo made the call at a conference of Speakers and Heads of African Parliaments holding in Abuja.   He said...
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