Tag: Economy

Tinubu Inaugurates N24b Ogbia Nembe Road
May 25, 2024 No Responses

Tinubu Inaugurates N24b Ogbia Nembe Road

President Bola Ahmed Tinubu has inaugurated the N24 billion Ogbia-Nembe Road in Bayelsa State jointly executed by the Niger Delta Development Commission, NDDC, and the Shell Petroleum Development Company, SPDC.Speaking at the commissioning ceremony, the President, who was represented by...
read more
Lagos Pays N63b To 19,814 Retirees
May 25, 2024 No Responses

Lagos Pays N63b To 19,814 Retirees

The Administration of Governor Babajide Sanwo-Olu has paid over N63 Billion as pension benefits to 19,814 retirees of the State in the last five years. The Commissioner for Establishments and Training, Mr. Afolabi Ayantayo revealed this at the ongoing Y2024...
read more
NNPCL, Schlumberger Seal Upstream Operations Agreement
May 24, 2024 No Responses

NNPCL, Schlumberger Seal Upstream Operations Agreement

As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards ...
read more
FG To Increase Tax Collection Efficiency
May 24, 2024 No Responses

FG To Increase Tax Collection Efficiency

Vice President Kashim Shettima says the Administration of President Bola Tinubu is targeting to increase the efficiency of tax collection in the country as he reassures Nigerians that there is no plan to impose more taxes on the citizens. He...
read more
Alleged N5.8b Fraud: EFCC Arraigns Sirika, Brother, Firms
May 24, 2024 No Responses

Alleged N5.8b Fraud: EFCC Arraigns Sirika, Brother, Firms

Former Minister of Aviation, Mr. Hadi Abubakar Sirika, his brother Ahmad Abubakar Sirika and two companies Enginos Nigeria Limited and Samahah Integrated Investment Limited were, on Thursday, May 23, 2024 arraigned by the Abuja Zonal Command of the Economic an...
read more
CBN Issues Approved Guidelines For BDCs
May 23, 2024 No Responses

CBN Issues Approved Guidelines For BDCs

The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its new circular released on Wednesday, the minimum capital base for Tier-1 BDCs is N2bn...
read more
FG Inaugurates NDDC’s Power Station In Ondo
May 23, 2024 No Responses

FG Inaugurates NDDC’s Power Station In Ondo

President Bola Ahmed Tinubu has commissioned the multi-billion naira 132KV Transmission Line and I32KV/33KV electricity substation at Ode-Erinje in Okitipupa Local Government Area of Ondo State.Speaking at the commissioning ceremony, the President, who was rep...
read more
TotalEnergies Unveils Kaminho Deepwater Project
May 22, 2024 No Responses

TotalEnergies Unveils Kaminho Deepwater Project

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANP...
read more
CBN Raises Interest Rate To 26.25 %
May 22, 2024 No Responses

CBN Raises Interest Rate To 26.25 %

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy...
read more
NDDC Boss Seeks Effective Stakeholders Collaboration
May 22, 2024 No Responses

NDDC Boss Seeks Effective Stakeholders Collaboration

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has again called for effective collaboration of critical stakeholders in chanting new narratives in the Niger Delta region.Ogbuku, who stated this in his goodwill message ...
read more
NPA, Koko Win Champion Newspapers’ 2023 Awards
May 21, 2024 No Responses

NPA, Koko Win Champion Newspapers’ 2023 Awards

Champion Newspapers Limited has announced Nigerian Ports Authority(NPA) as winner of its Government Agency Award and the NPA Managing Director, Mohammed Bello Koko as the Most Outstanding Public Servant in 2023.According to the Newspapers’ management, th...
read more
Transcorp Power Declares N142b Revenue, N23.46b Dividend
May 21, 2024 No Responses

Transcorp Power Declares N142b Revenue, N23.46b Dividend

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has announced impressive financial performance at its 11th Annual General Meeting (AGM), the first since the Company went public, via a listing by introduction of its shares,...
read more
NDDC Inaugurates Edo Electricity Sub-Station
May 21, 2024 No Responses

NDDC Inaugurates Edo Electricity Sub-Station

The Niger Delta Development Commission, NDDC, has inaugurated the 1×15MVA 33/11KV electricity injection substation it built in Amufi, Ikpoba-Okha Local Government Area in Benin City, Edo State.Speaking at the commissioning ceremony, the NDDC Managing Director...
read more
DMO Raises N4.9tri For Ways And Means Securisation
May 21, 2024 No Responses

DMO Raises N4.9tri For Ways And Means Securisation

The Debt Management Office (DMO) has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. “For the Ways and Means, out of the N7 trillion approved for securitisation, we have raised N4.905 trillion,” Oniha said....
read more
1 … 123 124 125 126 127 … 314