Category: Economy

Tinubu Tasks ECOWAS Parliament On Unity Against Forces Of Division
April 5, 2024 No Responses

Tinubu Tasks ECOWAS Parliament On Unity Against Forces Of Division

President Bola Tinubu has called on Economic Community of West African States (ECOWAS) members to come together, strengthen ties, and reject forces of division. The media aide to the President, Ajuri Ngelale, in a statement explained that Tinubu made the...
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NADDC TO PARTNER AFREXIM ON NNEWI AUTO INDUSTRIAL PARK
April 4, 2024 No Responses

NADDC TO PARTNER AFREXIM ON NNEWI AUTO INDUSTRIAL PARK

The Director General, National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, on Thursday visited the Regional Chief Operating Officer of the African Export-Import Bank (Afrexim), Mr. Eric Intong.The purpose of the visit was to solicit ...
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Customs Declares ₦1.3tri Revenue In Q1
April 4, 2024 No Responses

Customs Declares ₦1.3tri Revenue In Q1

For the first quarter of 2024, the Nigeria Customs Service (NCS) generated N1.3trillion revenue. Briefing Journalists on Wednesday, the Comptroller General of Customs, Adewale Adeniyi, explained that over 572 seizures were made with a duty-paid value of N10bn....
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Transcorp Power Declares N3.13 Dividend
April 3, 2024 No Responses

Transcorp Power Declares N3.13 Dividend

Transcorp Power Plc (Transcorp Power) has reported N453 billion profit before tax for the year ended December. 31, 2023. Mr Stanley Chikwendu, Group Company Secretary, Transcorp Power, said this indicated a surge of 85 per cent, when compared with N439...
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Transactions On NGX Decline By N25b
April 3, 2024 No Responses

Transactions On NGX Decline By N25b

The value of transactions on the Nigerian Exchange (NGX) dropped by 13.81 per cent on Tuesday after two days of Easter break. Consequently, the market capitalisation shed N25 billion or 0.04 per cent to close at N59.095 trillion, as against...
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Okomu Oil Palm Trains Community Representatives On Leveraging Presence Of Multinational In An Environment
April 2, 2024 No Responses

Okomu Oil Palm Trains Community Representatives On Leveraging Presence Of Multinational In An Environment

Members of communities playing host to multinational companies have been urged to leverage the presence of these companies for the advancement of their lives and that of their communities. This was the thrust of the lecture at the bi-annual community...
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Access Holdings Unveils $1.5b Capital Raising Programme
March 30, 2024 No Responses

Access Holdings Unveils $1.5b Capital Raising Programme

Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion or its equivalent. In a statement on Friday, the corporation explained that drawing from the programme, the Group expected to raise up to...
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Coated Calcium Carbonate Processing Plant To Debuts In Edo  
March 28, 2024 No Responses

Coated Calcium Carbonate Processing Plant To Debuts In Edo  

Edo State is set to host one of Nigeria’s largest coated calcium carbonate factories in Lampese, Akoko Edo Local Government Area of the State. The Commissioner for Mining and Energy, Enaholo Ojiefoh, who disclosed this in a chat with journalists,...
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CBN Raises Interest Rate To 24.75 Percent
March 27, 2024 No Responses

CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent.  This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the...
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CBN Sells FX To BDCs At N1,251/$1
March 26, 2024 No Responses

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...
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Edo Woos More Private Investors In Solid Mineral Deposits, Others  
March 25, 2024 No Responses

Edo Woos More Private Investors In Solid Mineral Deposits, Others  

The Edo State Commissioner for Mining and Energy, Enaholo Ojiefoh, has said that the State has surplus solid mineral deposits to host more than 20 more mega plants like the ones set up and operated by Dangote Group and BUA...
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Aliko Dangote Foundation Launches National Food Intervention Programme
March 24, 2024 No Responses

Aliko Dangote Foundation Launches National Food Intervention Programme

Aliko Dangote Foundation, has launched its National Food Intervention Programme, aimed at distributing over one million 10kg bags of rice across the 774 local government areas of the 36 states and Federal Capital Territory in Nigeria.The initiative is a crucia...
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NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard
March 24, 2024 No Responses

NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

The regulating body of the Nigerian Exchange Group, the NGX Regulation Ltd. (NGX RegCo) and Financial Reporting Council of Nigeria (FRCN), at the weekend launched roadmap for the adoption of the Sustainability Financial Reporting Standard in Nigeria. The lunch...
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FG Suspends 25% Penalty On Improperly Imported Vehicles
March 23, 2024 No Responses

FG Suspends 25% Penalty On Improperly Imported Vehicles

The Nigeria Customs Service (NCS) has suspended the 25% penalty that had previously been imposed in addition to import duty on improperly imported vehicles. A statement signed by the National Public Relations Officer of NCS, Abdullahi Maiwada, on Friday, expla...
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