Economy Archives — Page 13 of 230

October 6, 2024 No Responses

Liyel Imoke: Alleged Expenditure Of $16b Delayed Power Sector Reforms

Former minister of power, who later served as Governor of Cross River State, Senator Liyel Imoke, has described alleged “expenditure” of $16 billion on the power sector by the Olusegun Obasanjo administration as misleading. Imoke, who was also Chairman of...

October 6, 2024 No Responses

Kaduna Denies Borrowing ₦36b

The Kaduna State Government has described a media report as false and misleading, alleging that the state has borrowed ₦36 billion in the past six months. The state government explained that it is paying nearly three times the loan size...

October 5, 2024 No Responses

NDDC To Remodel Foreign Scholarship Scheme

The Niger Delta Development Commission (NDDC) is to remodel its Foreign Post Graduate Scholarship scheme to incorporate a tracking system to monitor the progress of its scholars after graduation, Addressing more than 200 scholars of the Commission, studying in...

October 4, 2024 No Responses

Tinubu Submits Tax Reform Bills To NASS

The Senate has received President Bola Tinubu’s communication seeking consideration and passage of the proposed Fiscal Policy and Tax Reform Bill to align with ongoing financial reforms of the Federal Government and enhance efficiency in tax compliance. The ...

October 4, 2024 No Responses

Nurses Protest Doctor’s Alleged Assault Of Female Student Nurse In Ogun

Nurses with Ogun State Hospital, Ijaye, Abeokuta joined by their colleagues mobilised from other parts of the state, defied the rain on Thursday to protest the alleged assault of a final year student nurse by a Consultant Orthopaedic Surgeon, Nurudeen...

October 4, 2024 No Responses

Delta Festival Begins Nov 22, Targets CEOs, Youths, Others

All is now set for the 2024 DELTA Festival (Delfest 2024) scheduled to hold at the DOME Event Centre, Opanam Road, Asaba from November 22 – 24, 2024. According to the organisers, the festival will serve the dual purpose of bringing...

October 3, 2024 No Responses

Hyundai Nigeria Unveils Locally Assembled CNG Vehicles With Auto Finance Options

President Bola Ahmed Tinubu’s CNG Initiative (Pi-CNG) has recorded a boost as Hyundai Nigeria rolled out CNG vehicles for various categories of automobile users across the country.Assembled in Nigeria, the models include Hyundai Grand i10, Hyundai Accent...

October 3, 2024 No Responses

NPA Raises One Stop-Shop For Sale Of Crude In Naira To Dangote Refinery

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Thursday, disclosed that the implementation of the Federal Government directive on sale of crude oil and Petroleum products to Dangote Refinery in Naira has commenced.Speaking whe...

October 3, 2024 No Responses

SEC, NGX Group Visit Johannesburg Stock Exchange

A high-level delegation from Nigerian Exchange Group Plc (NGX Group), led by the Group Chairman, Alhaji (Dr.) Umaru Kwairanga, alongside top officials from the Securities and Exchange Commission (SEC), headed by the Director General, Dr. Emomotimi Agama, recen...

October 3, 2024 No Responses

More Zenith Bank Customers Lament Online Service Disruptions

More Zenith Bank customers are groaning over their inability to access their accounts or carry out any transactions almost 24 hours after the bank announced a routine IT maintenance. Contrary to the promise by the bank that online transactions would...

October 3, 2024 No Responses

ICPC Recovers N13b Diverted Funds

In the Month of September 2024, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) recovered over ₦13 billion diverted public funds. The Chairman of the ICPC, Musa Aliyu, disclosed this during the launch of the commiss...

October 2, 2024 No Responses

TotalEnergies Announces Final Investment Decision For New Block

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on Tuesday in Paramaribo with Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, Chief Executive Officer of Staatsolie, Suriname’s...

October 2, 2024 No Responses

Tinubu Pledges Reduction In Food Prices

The Federal Government is focused on restoring peace to the troubled parts of the North so that farmers displaced by bandits and kidnapping can return to their farmlands and increase food production. “We expect to see a leap in food...

October 2, 2024 No Responses

FG Signs N122b Equity Participation Agreement With Six Gas Firms

The Federal Government has signed a N122 billion project equity participation agreement with six gas infrastructure companies aimed at transforming the midstream gas value chain across the country. This was disclosed by the Minister of State for Petroleum Reso...