Category: Economy

Elumelu To Japan: Partner With Us In Empowering African Entrepreneurs
August 30, 2019 No Responses

Elumelu To Japan: Partner With Us In Empowering African Entrepreneurs

Foremost African investor and philanthropist Tony O. Elumelu, has challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs.  In keynote speech, delivered before global leaders, at the 7th Tokyo International Conference...
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SIFAX Group Consolidates Operation With 25 New Trucks, Four Harbour Cranes, Others
August 28, 2019 No Responses

SIFAX Group Consolidates Operation With 25 New Trucks, Four Harbour Cranes, Others

By Moses Ebosele, ebosele@hotmail. com To sustain faster turnaround of its operations, Sifax Group has placed order for 24 new trucks, four mobile harbor cranes and other strategic equipments.Already, a subsidiary of the Group, Skyway Aviation Handling Company...
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Regional Integration Tops Agenda As Nigeria Host Global Maritime Security Conference
August 25, 2019 No Responses

Regional Integration Tops Agenda As Nigeria Host Global Maritime Security Conference

By Moses Ebosele, ebosele@hotmail.com The 2019 Global Maritime Security Conference (GMSC) is to hold  October 7th—9th, at the International Conference Centre, Abuja, Nigeria.Hosted by Nigerian Maritime Administration and Safety Agency (NIMASA),...
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Investors Consolidate 3.4b Shares
August 25, 2019 No Responses

Investors Consolidate 3.4b Shares

Investors Consolidate 3.4b Shares The Securities and Exchange Commission (SEC), has announced that considerable progress has been made in the implementation of its consolidation of multiple shareholder accounts and electronic Dividend Mandate Management System...
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FRSC Officials, Five Others Arrested For Extortion
August 19, 2019 No Responses

FRSC Officials, Five Others Arrested For Extortion

A Joint Inter-Agency Team led by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested 37 officials of the Federal Road Safety Corps (FRSC) for allegedly extorting money from motorists on Nigerian highways.The Team, compri...
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Ambode Denies Link To N9.9b Bank Account
August 9, 2019 No Responses

Ambode Denies Link To N9.9b Bank Account

The immediate past governor of Lagos State, Mr. Akinwunmi Ambode, has denied ownership of any bank account containing N9.9billion.The Economic and Financial Crimes Commission (EFCC) recently disclosed that it had frozen certain accounts linked to some former l...
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Nigeria To Address VAT Exemption, Others On Capital Market Transactions
August 5, 2019 No Responses

Nigeria To Address VAT Exemption, Others On Capital Market Transactions

The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption on capital market transactions.This was stated by Vice President Yemi Osibanjo at the Awards Night of the...
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NNPC Attributes Increase In Price Of Kerosene To Pressure Of Demand, Supply
August 5, 2019 No Responses

NNPC Attributes Increase In Price Of Kerosene To Pressure Of Demand, Supply

The Nigerian National Petroleum Corporation (NNPC) has attributed the increased in the price of household Kerosene in the country to the pressure of demand and supply.The NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, told the News Ag...
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Omo-Agege To Oil Firms: Relocate Headquarters To N/Delta
August 4, 2019 No Responses

Omo-Agege To Oil Firms: Relocate Headquarters To N/Delta

Deputy President of the Senate Ovie Omo-Agege has urged oil companies operating in the Niger Delta region to relocate their headquarters to the region.Mr. Yomi Odunuga, his Special Adviser on Media and Publicity in astatement on Saturday in Abuja, said...
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NIS Generates N39.06b Local Revenue
July 15, 2019 No Responses

NIS Generates N39.06b Local Revenue

The Nigeria Immigration Service (NIS) generated N39.06 billion in 2018 as against N35.72 billion it generated as local revenue in 2017, the National Bureau of Statistics (NBS) said. The bureau said this in its “Immigration Statistics of 2018”, obtained fro...
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CBN To Sustain Float Exchange Rate Regime
June 24, 2019 No Responses

CBN To Sustain Float Exchange Rate Regime

The Central Bank of Nigeria says it will continue to operate a managed float exchange rate regime to reduce the impact of continuous volatility in the exchange rate on the economy.The CBN Governor, Godwin Emefiele, said this while reeling out...
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Nigeria Harps On Good Corporate Governance, Inaugurates SEC Board
June 24, 2019 No Responses

Nigeria Harps On Good Corporate Governance, Inaugurates SEC Board

Listed companies in the Capital market have been urged to imbibe good corporate governance and accountability in a bid to accelerate the growth of the market and increase both domestic and foreign investor participation.This was stated by the Permanent Secreta...
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Dangote Cement Terminals To Generate $700m Forex
June 18, 2019 No Responses

Dangote Cement Terminals To Generate $700m Forex

Dangote Cement Plc is to generate $700million forex from the  cement terminals being constructed in Lagos State and Onne, Rivers State.  Speaking at the 10th Annual General Meeting on Monday in Lagos, chairman of the company, Aliko Dangote, explained...
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ICC Nigeria, Gates Foundation Implore FG On Food Security
June 18, 2019 No Responses

ICC Nigeria, Gates Foundation Implore FG On Food Security

The Chairman of the International Chamber of Commerce Nigeria, who is also the Regional Coordinator of the global body for Sub-Saharan Africa, Babatunde Savage, has declared that the Federal Government of Nigeria and every other stakeholder need to devise a...
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