Economy Archives — Page 102 of 231

August 1, 2023 No Responses

NGX Market Capitalisation Up By N1.8trillion In July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among...

August 1, 2023 No Responses

NDDC Seeks Sustainable Partnerships

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, says that the Commission needs sustainable partnerships that will enhance the lives of the people and contribute to the development of the Niger Delta region.Speaking when...

July 31, 2023 No Responses

Govt Earmarks N75 Billion To Strengthen Manufacturing Sector

The federal government has concluded plans to disburse N75 billion to strengthen the nation’s manufacturing sector. Disclosing this during his address to Nigerians on Monday, President Bola Tinubu said the money will be spent between July 2023 to March 2024....

July 31, 2023 No Responses

After Darkness Comes The Glorious Dawn: Being Text Of President Tinubu’s Address To Nigerians

My fellow citizens, I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced. 2. I...

July 31, 2023 No Responses

Elders Council Urges NDDC To Tackle Flood In Bayelsa

The Bayelsa Elders Council has urged the Niger Delta Development Commission, NDDC, to collaborate with other development agencies and state governments to find a lasting solution to the perennial flood ravaging the Niger Delta region. Chairman of the Council a...

July 30, 2023 No Responses

Transcorp Attains N82.1b Revenue In Six Months

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced its financial results for the first half of the year ended June 30, 2023, recording growth across all...

July 30, 2023 No Responses

Customs M.M Airport Command Generates N38b In Six Months

Between January and June 2023, the Murtala Muhammed Airport MMA Command of the Nigeria Customs Service (NCS) generated N38,707,054, 216.44 representing 79.6 percent of the annual revenue target met. The Area Command Controller, M.S Yusuf in a statement explain...

July 30, 2023 No Responses

Ocean Giants To Forge Mega Fleet

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. World Maritime New...

July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219...

July 28, 2023 No Responses

CAC To Delist 100,000 Firms

The Corporate Affairs Commission (CAC) is to delist about 100,000 firms over failure to file annual returns in the last 10 years. Registrar General of the commission, Alhaji Garba Abubakar, who made this revelation in Lagos on Thursday at a training ...

July 28, 2023 No Responses

World Bank Implores Nigeria On Borrowing From CBN

To reduce inflationary pressure on the economy, the World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on Thursday during an economic review session...

July 27, 2023 No Responses

Honda Unveils ‘Purchase Palliatives’ As Competitors Raise Prices

Honda Automobile Western Africa Ltd (HAWA), the company that assembles a range of Honda cars for the Nigerian market, has unveiled what has been described in the local market as a unique and customer-friendly sales/after-sales package. HAWA is introducing the....

July 27, 2023 No Responses

EU Adopts Final Rules On Regulating Shipping’s Climate Impact

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. World Maritime report that the final hurdle has been...

July 27, 2023 No Responses

Photo News

The Executive Management of the Niger Delta Development Commission, (NDDC), visited the European Union headquarters in Abuja, on Wednesday to discuss Public Private Partnership (PPP). From left is the NDDC Executive Director, Projects, Mr. Charles Ogunmola; th...