Category: Economy

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank
January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...
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283,003 Lagos Residents To Receive N25,000 Each From FG
January 10, 2024 No Responses

283,003 Lagos Residents To Receive N25,000 Each From FG

Not less than 283,003 Lagos residents are to receive N25,000 each from the Federal Government under it conditional cash transfer scheme. The National Programme Manager of the National Cash Transfer Office (NCTO) in Abuja, Dr. Michael Ajuluchuku, explained on T...
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Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards
January 10, 2024 No Responses

Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....
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NGX All-Share Index Crosses 80,000 Benchmark
January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation c...
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Tinubu Suspends Betta Edu
January 8, 2024 No Responses

Tinubu Suspends Betta Edu

President Bola Tinubu has suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, from office with immediate effect.According to a statement issued by  Special Adviser to the President(Media & Publicity), Chief Ajuri Ngelale...
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Customs Boss Tasks Personnel On N5.1Trillion Revenue Target For 2024
January 4, 2024 No Responses

Customs Boss Tasks Personnel On N5.1Trillion Revenue Target For 2024

The Nigeria Customs Service (NCS) cannot afford to disappoint the country in realising its N5 trillion revenue target for 2024.  Comptroller General, Adewale Adeniyi, said this shortly after decorating some promoted officers of the service on Thursday, in...
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Tinubu Appoints New Executive Directors For NPA, NIMASA
January 4, 2024 No Responses

Tinubu Appoints New Executive Directors For NPA, NIMASA

President Bola Tinubu has approved New Executive Directors for Nigerian Ports Authority (NPA):and Nigerian Maritime Administration and Safety Agency (NIMASA) under the Federal Ministry of Marine and Blue Economy: Nigerian Ports Authority (NPA): (A) Ms. Vivian ...
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Tinubu Signs N28.7 trillion 2024 Budget Into Law
January 2, 2024 No Responses

Tinubu Signs N28.7 trillion 2024 Budget Into Law

President Bola Ahmed Tinubu has signed the 2024 Appropriation Bill into law in keeping with his avowed commitment to maintaining a timeous, predictable, and efficient budget cycle.  President Tinubu assented to the bill at the State House, on Monday, shor...
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ICAN Mourns Ex-President, Ijewere
December 30, 2023 No Responses

ICAN Mourns Ex-President, Ijewere

The Institute of Chartered Accountants of Nigeria (ICAN) has announced the passing away of its former president, Mr. Emmanuel Itoya Ijewere. Ijewere, who was the 32nd President of ICAN, passed on Friday morning at 78 years. The 59th President of...
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NGX Group Appoints Popoola GMD/CEO, Oscar Onyema Retires
December 29, 2023 No Responses

NGX Group Appoints Popoola GMD/CEO, Oscar Onyema Retires

Further to the receipt of the Securities and Exchange Commission (SEC)’s No-Objection to the announcement of the appointment, Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Temi Popoola as GMD/CEO designate effective 1 January 2...
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Experts Laud Lagos Govt On Economy, Budget
December 26, 2023 No Responses

Experts Laud Lagos Govt On Economy, Budget

Lagos State government has been commended for its efforts on the economy and the 78 percent performance of the year 2023 Budget as of September. Business experts and economists gave the commendation at a Round Table organised by the Economic...
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Tinubu Reiterates Commitment To Ease Burden On Most Vulnerable Nigerians
December 25, 2023 No Responses

Tinubu Reiterates Commitment To Ease Burden On Most Vulnerable Nigerians

President Bola Tinubu has felicitated with Nigerians on the 2023 Christmas celebration, saying the season is a special time for all citizens. In a statement he personally signed on Sunday, the President enjoined Nigerians to remember the armed forces who...
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CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 
December 23, 2023 No Responses

CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 

The Central Bank of Nigeria (CBN) has unveiled guidelines for virtual assets as part of measures to allow virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets organizations to open accounts with Nigerian banks.  The de...
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Luxury Bus Transport Owners Commence Full Implementation Of 50% Fare Discount
December 22, 2023 No Responses

Luxury Bus Transport Owners Commence Full Implementation Of 50% Fare Discount

The Association of Luxury Bus Owners of Nigeria (ALBON), the owners and operators of long distance mass transit inter-state bus service nationwide, has assured the travelling public that its members have commenced full implementation of the 50 percent fare red...
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