Economy Archives — Page 103 of 231

July 26, 2023 No Responses

Again, Ecobank Bags Euromoney Africa’s Best Bank for SMEs Award

Ecobank has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said:...

July 26, 2023 No Responses

NGX Group Declares Interim Dividend

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the...

July 26, 2023 No Responses

NDDC Boss Harps On Partnership, Investment Opportunities Beyond Oil

The Niger Delta Development Commission (NDDC) is focused on deepening partnerships and promoting investments to secure the future of Niger Delta people in the years beyond oil-driven economy, Managing Director, Dr. Samuel Ogbuku, has said. Speaking durin...

July 25, 2023 No Responses

NPA Raises Alarm Over Increasing Extortion Along Port Access Road

The Nigerian Ports Authority (NPA) has raised the alarm on increasing extortion along the access roads of the Lagos and Tin Can Island Port Complexes.This is coming on the heels of the clearance operations the Authority undertook on 16th to...

July 25, 2023 No Responses

Edo Based Ethanol Refinery Targets $29m Per Annum

The Greenhill Ethanol Plant in Ologbo, Ikpoba Okha Local Government Area of Edo State, has been projected to meet 5.8 percent of Nigeria’s ethanol needs and rake in about $29 million in revenue yearly at full capacity. The projections were...

July 25, 2023 No Responses

Nigeria, Benin Republic To Tackle Multiple Taxes On Transit Cargoes

The Nigeria Customs Service (NCS) and the Benin Republic counterpart on Monday agreed to address the multiple taxes on transit cargoes along the ECOWAS corridor. They also agreed to harmonise the import prohibition policy to ensure that whatever was banned...

July 25, 2023 No Responses

Obaseki: Edo’s 4-star hotel project boosts tourism receipts, enhances chances to host sporting competitions, other Int’l events

The Edo State Governor, Mr. Godwin Obaseki, has said the development of a four-star hotel project in Benin City, the State capital, will boost the State’s tourism receipts and bolster the State’s chances at hosting sporting competitions and other internati...

July 23, 2023 No Responses

Edo To Meet Stakeholders On Regulation Of Petrol, Gas

The Edo State Government is to meet with stakeholders on Thursday, July 27, 2023, as part of steps to implement the Benin City and Edo State Regional Development Masterplans. In a statement, Commissioner for Physical Planning, Housing, Urban and Regional ...

July 23, 2023 No Responses

Bidding Begins For South Korea’s Flagship Carrier

The bidding process for the privatization of South Korea’s flagship carrier HMM has been launched in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development B...

July 22, 2023 No Responses

Ecobank Woos SMEs In Nigeria With Single Market Trade Hub

Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently. The Ecobank Single Market Trade Hub is a cutting-edge digital platform...

July 22, 2023 No Responses

NNPCL Pays N123b Interim Dividend To FAAC

As part of measures to consolidate its post Petroleum Industry Act (PIA) 2021 status as an income generating company, the Nigerian National Petroleum Company Limited (NNPCL), on Thursday commenced the payment of interim dividend and PSC profit oil into the...

July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...

July 21, 2023 No Responses

FIRS Rakes In N5.5Trillion In Six Months

The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. A statement issued by Johannes Oluwatobi Wojuola, Special Assistant to the Executive Chai...

July 21, 2023 No Responses

India Bans Rice Exports

India has outlawed the export of non-basmati white rice in an attempt to ward off looming domestic price spikes. BBC report that heavy rains have hurt crops in the country and rice prices have risen by more than 11% over...