Economy Archives — Page 125 of 259

August 24, 2023 No Responses

British Govt Harps On Regeneration Of Edo State’s Forest Resources

The British High Commissioner to Nigeria, Richard Montgomery has reinstated Britain’s commitment to support the Nigerian Government as part of efforts to preserve the forest and other natural resources for the benefit of future generation. Mr. Montgomery stated this during his...

August 24, 2023 No Responses

NSML Rebrands As NLNG Shipping And Marine Services Limited

Key player in the maritime industry, NLNG Ship Management Limited (NSML) has officially announced its name change to NLNG Shipping and Marine Services Limited. According to the company, “this strategic move reflects the company’s evolving business focus an...

August 24, 2023 No Responses

At BRICS Summit, Nigeria Harps On MSME Empowerment

Empowering Micro Small and Medium Enterprises (MSMEs) to boost Nigeria’s economic growth is a key focus for President Bola Tinubu, Vice President Kashim Shettima has said. Speaking with Journalists during his tour of exhibition stan...

August 23, 2023 No Responses

Tinubu Receives NLNG Team, Lauds Contribution To GDP, Development

President Bola Tinubu has commended Nigeria LNG Limited for its steadfast commitment to excellence and immense contributions to Nigeria’s Gross Domestic Product (GDP). Tinubu who spoke when the Board and Management of Nigeria LNG Limited paid him a court...

August 23, 2023 No Responses

FG, States Share N966b For July

For the Month of July 2023, the Federation Account Allocation Committee (FAAC), has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs). The amount is higher than the N907. 054 billion shared in June, out...

August 23, 2023 No Responses

34 Years After, Obaseki Settles Benefits Of Former Governor, Ambrose Alli

Edo State Governor, Mr. Godwin Obaseki has settled the benefits and gratuity of former Governor, late Professor Ambrose Alli. This is coming 34 years after the demise of Alli. Alli was the first Executive Governor of the former Bendel State...

August 23, 2023 No Responses

Commonwealth Women’s Affairs Ministers Meeting Opens

The Commonwealth Women’s Affairs Ministers Meeting opened on Tuesday in the Bahamas with a call for stronger action on gender equality priorities in the face of intensifying global environmental and economic challenges. Against the backdrop o...

August 22, 2023 No Responses

Farmers Seek Improved Investment In Agriculture

AS economic situation bites harder on Nigerians, some farmers in Gombe have urged the state government to leverage the additional funds received from the Federation Account Allocation Committee (FAAC), to invest in the agriculture. They said such investment wa...

August 22, 2023 No Responses

LNG’s Plant Strike Push-Up Gas Price

The prospect of a possible strike at a Liquefied Natural Gas (LNG) plant in Australia has pushed wholesale gas prices up in Europe. The Offshore Alliance union warned that a strike at the North West Shelf facility could start as...

August 22, 2023 No Responses

NETCO Declares N5.53b Profit For 2022

THE NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), has reported a profit before tax of N5.53 billion for the year ended Dec. 31, 2022. The profit represents a 178 per cent...

August 22, 2023 No Responses

Ex-NIMASA DG, Dakuku Peterside To Speak At Maritime Conference In Saudi Arabia

Former chairman of the Association of Africa Maritime Administrations (AAMA), Dakuku Peterside, will be speaking at the sustainable maritime industry conference, scheduled for Jeddah, Saudi Arabia, from September 4 – 6. The conference, under the patronage of...

August 22, 2023 No Responses

Oyetola Pledges Safe, Sustainable Marine Economy

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola has pledged to ensure oceans and marine were safe, reliable, and sustainable across the nation. Oyetola made the declaration when he assumed office on Monday in Abuja. According to him, oceans...

August 21, 2023 No Responses

Oil Prices Up As Global Supply Drop

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high-interest rates. Reuter report that Brent crude climbed 75 cents to $85.55 a barrel...

August 21, 2023 No Responses

Tinubu Appoints Minister For Niger Delta, Redeploys Oyetola To Marine & Blue Economy

President Bola Ahmed Tinubu has approved the redeployment of Abubakar Momoh from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development. In a statement on Sunday, Presidential spokesman, Ajuri Ngelale explained that Tinubu will announ...