Economy Archives — Page 118 of 259

October 1, 2023 No Responses

NDDC Trains 185 Youths On Empowerment Scheme

The Niger Delta Development Commission (NDDC) has trained 185 collation officers across the nine states of the Niger Delta region to create awareness in the rural communities for its youth development scheme, tagged: Holistic Opportunity Projects of Engagement, HOPE. Addressing Journalists...

October 1, 2023 No Responses

Firm Takes Delivery Of 3rd LNG Carrier

Japanese shipping company K Line has taken delivery of the newly-built W-Max class liquefied natural gas (LNG) carrier, Lagenda Setia, intended for a long-term charter with Malaysian energy major Petronas LNG. The Chinese shipbuilder Hudong-Zhonghua Shipbuildi...

September 30, 2023 No Responses

FG, States, LGCs Share N1.1tri For August

THE Federation Account Allocation Committee (FAAC) has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August. This is contained in a communiqué issued by the FAAC at its September meeting. The...

September 30, 2023 No Responses

Onyema Bags Doctorate Degree

The Chairman of Air Peace, Barrister Allen Onyema, has been conferred with a Doctor of Management Science by the Nigerian Defence Academy, Kaduna. Onyema received the honorary academic degree at the 33rd Convocation Ceremony of the Academy on September 28,...

September 29, 2023 No Responses

Presco’s Shareholders Get N8.6b Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com Shareholders of Presco Plc have approved payment of final dividend of 660 kobo per share, indicating N6.6billion for the year ended December 31, 2022. The Company had paid an interim dividend of 200kobo pe...

September 29, 2023 No Responses

Oil Prices Fall As Russia, Saudi Arabia Boost Supply

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Reuters report that Brent.....

September 29, 2023 No Responses

Blue Economy Can Help Nigeria Defeat Poverty, Says Prof Pauli

The creator of Blue Economy, Prof Gunter Pauli, who hailed President Bola Tinubu for creating the Ministry of Marine and Blue Economy said the policy was overdue considering the abundant opportunities in Nigeria, but, warned that the government must aggressive...

September 29, 2023 No Responses

Obaseki Accepts Shaibu’s Apology

Edo State Governor, Godwin Obaseki has accepted the apology issued by his deputy, Philip Shaibu, saying to err is human but forgiving is divine. Both leaders have been at loggerheads over Shaibu’s ambition to govern the state. Last week, the deputy...

September 28, 2023 No Responses

QatarEnergy Places $3.9b Order For 17 LNG Carriers

Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed...

September 28, 2023 No Responses

Photo News

L-R: The Commissioner for Budget, Economic Planning and Performance Management, Mr. Niyi Adebayo; Wife of the General Overseer, Rev (Mrs) Olabisi Aboyeji; Ekiti State Governor, Mr Biodun Oyebanji; General Overseer, Foursquare Gospel Church, Rev Sam Aboyeji; an...

September 28, 2023 No Responses

BPSR Identifies NIMASA AS Best MDA In Digital Transformation

The Presidency through the Bureau of Public Service Reforms, BPSR, has declared the Nigerian Maritime Administration and Safety Agency NIMASA as the best Federal Government Agency in Digital Transformation. The Director General, BPSR who convey...

September 27, 2023 No Responses

CBN: Cardoso Pledges Compliance

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that his administration would inculcate a culture of compliance into the apex bank by adhering strictly to the CBN Act 2007. “I believe that the Central Bank under...

September 26, 2023 No Responses

Customs Intercepts Hard Drugs, IED Materials, Others Worth N1.6b

The Nigeria Customs Service, Federal Operations Unit, Zone ’C’ has intercepted cannabis sativa, raw materials for production of explosive devices, as well as other contraband with a Duty Paid Value (DPV) N1.6b. The Zone also arrested nine (9) suspects in.....

September 25, 2023 No Responses

NDDC Fast-Tracks Key Bayelsa, Rivers Link Road

The Managing Director, Niger Delta Development Commission, (NDDC), Dr. Samuel Ogbuku, has disclosed that the Commission is fast-tracking the construction work on the Oruma rigid pavement Road, in Ogbia Local Government Area of Bayelsa State to ensure its commi...