Category: Economy

Aviation Minister Appeals To Domestic Airlines On Planned Operations Shutdown
May 7, 2022 No Responses

Aviation Minister Appeals To Domestic Airlines On Planned Operations Shutdown

The Minister of Aviation, Sen. Hadi Sirika, has appealed to Nigerian airlines to suspend the planned shutdown of operations from Monday over the high cost of aviation fuel from N190 to N700 per litre.   Sirika, who made the appeal...
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Minister Advocates Grants, Tax Holidays For Creative Industry
May 7, 2022 No Responses

Minister Advocates Grants, Tax Holidays For Creative Industry

Minister of State for FCT, Dr Ramatu Aliyu, has solicited various waivers, grants, tax holidays, rebates and other related incentives as part of measures to boost the creative industry.   Aliyu made the call while delivering a lecture at the...
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NPA Receives 14 Ships Laden With Petrol, Frozen Fish, Wheat, Others At Lagos Ports
May 6, 2022 No Responses

NPA Receives 14 Ships Laden With Petrol, Frozen Fish, Wheat, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Friday said 14 ships had arrived the ports and were waiting to berth with petrol, frozen fish, bulk salt, bulk wheat, base oil, ethanol and bulk sugar.   According to NPA, 20 other ships had...
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Benue Assembly Approves Ortom’s N41.39b Loan Request
May 6, 2022 No Responses

Benue Assembly Approves Ortom’s N41.39b Loan Request

Benue House of Assembly on Friday approved request of Gov. Samuel Ortom’s loan of N41.39 billion for payment of salary, pension and other emolument arrears.   The approval followed a letter of request from the governor to the Assembly which...
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Seaport Offers Incentives To Reduce Vessel Emissions
May 6, 2022 No Responses

Seaport Offers Incentives To Reduce Vessel Emissions

To reduce vessel emissions, Canada’s Halifax Port Authority (HPA) has joined the World Port Climate Initiative (WPCI) as an incentive provider with the International Association of Ports and Harbours’ (IAPH) Environmental Ship Index (ESI). The HPA joined t...
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AfDB Secures $15.6b For Lagos-Abidjan Highway Construction
May 6, 2022 No Responses

AfDB Secures $15.6b For Lagos-Abidjan Highway Construction

The president, African Development Bank (AfDB), Dr Akinwumi Adesina says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agenc...
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Seplat CEO : ANOH Project, Game Changer For Seplat, Oil, Gas Industry
May 6, 2022 No Responses

Seplat CEO : ANOH Project, Game Changer For Seplat, Oil, Gas Industry

The completion of Seplat Energy Plc Assa North-Ohaji South project (ANOH) in Imo State, will positively boost supply chain in the nation’s oil and gas industry, Chief Executive Officer(CEO), Seplat Energy Plc, Mr Roger Brown, has said   Brown told ...
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OPEC Raises Nigeria’s Production Quota To 1.772mbpd For June
May 5, 2022 No Responses

OPEC Raises Nigeria’s Production Quota To 1.772mbpd For June

The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022.   A statement issued...
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Nigerian Freight Forwarders In U.S Seek Review Of New Clearing Fees
May 5, 2022 No Responses

Nigerian Freight Forwarders In U.S Seek Review Of New Clearing Fees

Two Nigerian Freight Forwarders operating in Houston, Texas, United States, have appealed to the Federal Government and the Nigeria Customs Service (NCS) to review the new levy on imported used vehicles.    Ms Adetutu Adeparusi, Automated Logistic Ma...
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Access Bank Partners FG, To Roll Out Loans For Farmers, SMEs
May 5, 2022 No Responses

Access Bank Partners FG, To Roll Out Loans For Farmers, SMEs

Access Bank Plc has partnered the Ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out a loan scheme for poor farmers aged 18 years to 55 years and other vulnerable groups.   In  statement on Thursday, the ban...
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Edo MSMEs Can’t Afford N40,000 Minimum Wage, Says BENCCIMA
May 4, 2022 No Responses

Edo MSMEs Can’t Afford N40,000 Minimum Wage, Says BENCCIMA

Micro, Small and Medium Scale Enterprises (MSMEs) in Edo State will find it challenging to pay N40,000 minimum wage, the Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA) has said.   The State Governor, Godwin Obaseki on May ...
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5G Spectrum: NCC Issues Final Letters Of Licence Awards to MTN, Mafab Communications 
May 4, 2022 No Responses

5G Spectrum: NCC Issues Final Letters Of Licence Awards to MTN, Mafab Communications 

The Nigerian Communications Commission (NCC) on Wednesday confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5GHz spectrum auction conducted by the Commission on Mon...
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Dangote Cement Completes N116b Bonds
May 4, 2022 No Responses

Dangote Cement Completes N116b Bonds

‘ Dangote Cement has completed its N116 billion series 2 bond issuance which is the largest corporate bond issuance in the Nigerian capital market.    In a statement published on the Nigerian Exchange Ltd Website on Wednesday, the company expla...
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Lekki Port: Nigeria To Earn $201b, Generates 169,972 Jobs
May 4, 2022 No Responses

Lekki Port: Nigeria To Earn $201b, Generates 169,972 Jobs

The Federal Government of Nigeria and the Lagos State government will earn revenue of over $201 billion in 45 years and generate 169,972 jobswhen the Lekki Deep Sea Port becomes fully operational, Minister of Information and Culture, Alhaji Lai Mohammed s...
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