Economy Archives — Page 130 of 259

July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219.2bn year-on-year. In a statement on...

July 28, 2023 No Responses

CAC To Delist 100,000 Firms

The Corporate Affairs Commission (CAC) is to delist about 100,000 firms over failure to file annual returns in the last 10 years. Registrar General of the commission, Alhaji Garba Abubakar, who made this revelation in Lagos on Thursday at a training ...

July 28, 2023 No Responses

World Bank Implores Nigeria On Borrowing From CBN

To reduce inflationary pressure on the economy, the World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on Thursday during an economic review session...

July 27, 2023 No Responses

Honda Unveils ‘Purchase Palliatives’ As Competitors Raise Prices

Honda Automobile Western Africa Ltd (HAWA), the company that assembles a range of Honda cars for the Nigerian market, has unveiled what has been described in the local market as a unique and customer-friendly sales/after-sales package. HAWA is introducing the....

July 27, 2023 No Responses

EU Adopts Final Rules On Regulating Shipping’s Climate Impact

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. World Maritime report that the final hurdle has been...

July 27, 2023 No Responses

Photo News

The Executive Management of the Niger Delta Development Commission, (NDDC), visited the European Union headquarters in Abuja, on Wednesday to discuss Public Private Partnership (PPP). From left is the NDDC Executive Director, Projects, Mr. Charles Ogunmola; th...

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...

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 ...