Category: Economy

Union Bank Pledges Seamless Service As New Management Resumes
January 17, 2024 No Responses

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank of Nigeria (CBN).  The...
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Joint Tax Board Seeks Partnership With Nigeria Customs
January 17, 2024 No Responses

Joint Tax Board Seeks Partnership With Nigeria Customs

As part of measures to enhance effective tax management in Nigeria, Secretary of the Joint Tax Board (JTB), Mr. Olusegun Adesokan, on Tuesday paid a visit to the Comptroller General of Customs, Bashir Adewale Adeniyi.  The visit aimed at soliciting...
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Tin Can Customs Targets N1.130Trilion In 2024
January 17, 2024 No Responses

Tin Can Customs Targets N1.130Trilion In 2024

For the year 2024 fiscal year, the Tin Can Island Command, Nigeria Customs Service (NCS) has set a revenue target of N1.130tillion.  Meanwhile, the Command has announced a revenue generation of N716bn for last year as against 801bn target it...
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Investors Gain N874b As Indices Increase By 1.92%
January 16, 2024 No Responses

Investors Gain N874b As Indices Increase By 1.92%

The Nigerian Exchange Ltd., (NGX) on Monday traded on a positive note, as the All-Share Index rose strongly by 1.92 per cent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, as against 83,042.96 achieved on Friday. Also, investors...
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Dangote Refinery Begins Production
January 13, 2024 No Responses

Dangote Refinery Begins Production

By Moses Ebosele, ebosele@hotmail.com — Dangote Refinery, the largest single-train refinery in the world commenced production on Friday, January 12, 2024.   Earlier scheduled to begin operations in June 2023, the oil refinery received its first crude ...
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NGX Extends Gain By N244b
January 13, 2024 No Responses

NGX Extends Gain By N244b

Positive sentiments persisted on the Nigerian Exchange Ltd., (NGX) on Friday with the All-Share Index extending growth by 0.54 per cent. Specifically, the All-Share Index improved further by 445.56 points points or 0.54 per cent to close at 83,042.96, against....
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Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector
January 12, 2024 No Responses

Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector

President Bola Tinubu, on Thursday, at the State House in Abuja, held a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects...
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Nigeria Targets 472,000 Metric Tonnes Of Wheat From Dry Season Farming
January 12, 2024 No Responses

Nigeria Targets 472,000 Metric Tonnes Of Wheat From Dry Season Farming

The Nigerian Government has set a target of achieving around 472,000 metric tonnes of wheat production by the end of the dry season wheat farming programme.   Mr. Ishaku Buba, the National Project Coordinator for the National Agricultural Growth Sche...
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FG To Raise N35b For Ajaokuta Light Steel
January 12, 2024 No Responses

FG To Raise N35b For Ajaokuta Light Steel

The Federal Government will raise about N35 billion for the Ajaokuta Light Steel mill through the local financial market. Mr Shuaibu Audu, Minister of Steel Development, disclosed this to State House Correspondents after a meeting with President Bola Tinubu on...
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NADDC To Partner University Of Abuja On Charging Stations, Research
January 11, 2024 No Responses

NADDC To Partner University Of Abuja On Charging Stations, Research

The Director General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin on Thursday received the Vice Chancellor of the University of Abuja, represented by the Dean, Faculty of Engineering, Prof. Ibrahim Ozigi on a court...
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SAHCO Renews British Airways Ground Handling Contract For Five Years
January 11, 2024 No Responses

SAHCO Renews British Airways Ground Handling Contract For Five Years

Skyway Aviation Handling Company (SAHCO) Plc has renewed ground handling contract to provide aviation ground handling services for British Airways (BA) at the Murtala Muhammed International Airport Ikeja in Lagos and the Nnamdi Azikiwe International Airport in...
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Photo News
January 11, 2024 No Responses

Photo News

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NGX All-Share Index Drops By 1.4%, Investors Lose N638b
January 11, 2024 No Responses

NGX All-Share Index Drops By 1.4%, Investors Lose N638b

The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...
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Blue Economy: The Role Of Academia, By Jamoh
January 11, 2024 No Responses

Blue Economy: The Role Of Academia, By Jamoh

The academia has a major role to play in the development of the Blue Economy in Nigeria, Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh has said Dr Jamoh, who stated this during a courtesy...
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