Tag: Economy

NGX Group Reports N13.6b Profit, Board Okays N4.4b Dividend For 2024  
March 1, 2025 No Responses

NGX Group Reports N13.6b Profit, Board Okays N4.4b Dividend For 2024  

Nigerian Exchange Group Plc has announced its audited financial results for the year ended 31 December 2024, delivering profit before tax (PBT) of N13.6 billion, indicating 157.3% year-on year growth. According to the Group, the performance was driven by robust...
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NLNG Commits To Cutting Carbon Emission In Readiness For Net-Zero Future
March 1, 2025 No Responses

NLNG Commits To Cutting Carbon Emission In Readiness For Net-Zero Future

As Africa seeks to harness its vast energy potential to drive economic growth and industrial evolution, NLNG has reiterated that it is focused on reducing carbon emissions to meet evolving market expectations. Delivering the keynote address during a panel sess...
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Customs, CBN Harp On Technology-Driven Trade Reforms
February 28, 2025 No Responses

Customs, CBN Harp On Technology-Driven Trade Reforms

The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said woul...
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Sustaining Nigeria’s Maritime Industry Growth Through International Cargo Tracking Note
February 28, 2025 No Responses

Sustaining Nigeria’s Maritime Industry Growth Through International Cargo Tracking Note

No doubt, the reintroduction of the International Cargo Tracking Note (ICTN) at Nigerian ports marks a pivotal moment for the nation’s maritime sector. The automated tracking system, which allows real-time monitoring of cargo from origin to destination, hold...
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Shippers’ Council, Port Of Antwerp To Strengthen Partnership
February 28, 2025 No Responses

Shippers’ Council, Port Of Antwerp To Strengthen Partnership

The Executive Secretary/ Chief Executives Officer, Nigerian Shippers’ Council (NSC), Dr Akutah Pius Ukeyima, recently, received a team from the Port of Antwerp.The meeting aimed at exploring areas of collaboration and partnership between the two organization...
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FG, States, LGs Share ₦1.7tri
February 28, 2025 No Responses

FG, States, LGs Share ₦1.7tri

Not less than  ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils. A statement issued on Thursday by the Director of Press and Public Relations, Office...
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At NIES 2025, NLNG Harps On Energy Security, Infrastructure
February 28, 2025 No Responses

At NIES 2025, NLNG Harps On Energy Security, Infrastructure

NLNG has called for energy security to be made national priority and emphasised the need for proactive measures to protect energy infrastructure and drive sustainable growth. Speaking at a panel session titled “Driving Cross-Continental Investments: Scaling ...
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FG  To MultiChoice: Suspend Fee Hike
February 28, 2025 No Responses

FG  To MultiChoice: Suspend Fee Hike

The Government through the Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the c...
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NCDMB Boss Seeks Africa-Wide Local Content Framework
February 27, 2025 No Responses

NCDMB Boss Seeks Africa-Wide Local Content Framework

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has charged oil and gas industry stakeholders in Africa to institute an Africa-wide local content framework that harmonises policies and fosters cros...
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NLNG Constructs New Jetty To Boost Supply Across Africa
February 27, 2025 No Responses

NLNG Constructs New Jetty To Boost Supply Across Africa

As part of the Train 7 project, Nigeria LNG (NLNG) is constructing third jetty to support small-scale LNG supply across Africa.Speaking at the ongoing NIES 2025, the NLNG Managing Director/ Chief Execitive Officer, Dr Philip Mshelbila reiterated NLNG’s commi...
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Coscharis Group Reiterates Commitment To Qualify Service, Products
February 27, 2025 No Responses

Coscharis Group Reiterates Commitment To Qualify Service, Products

Rising from a two day strategy retreat session, members of the Board of Directors of all the Companies within the Coscharis Group, resolved to further deliver value for money to their numerous customers in all ramifications of their customer engagement....
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Dangote Refinery Reduces Petrol Price To ₦860 Per Litre
February 27, 2025 No Responses

Dangote Refinery Reduces Petrol Price To ₦860 Per Litre

Again, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from 27th February 2025. In a statement on Wednesday, Dangote Petroleum Refinery explained that&...
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N30tri Ways And Means: Senate Accuses CBN Of Obstructing Probe  
February 26, 2025 No Responses

N30tri Ways And Means: Senate Accuses CBN Of Obstructing Probe  

The Senate Ad-hoc Committee on Ways and Means Advance has accused the Central Bank of Nigeria (CBN) of frustrating its investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ programme under former President Muhammadu Buhari’s ...
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FG Summons MultiChoice Over Subscription Rate Hike
February 26, 2025 No Responses

FG Summons MultiChoice Over Subscription Rate Hike

The Federal Government through the Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria over its move to hike subscription rates for DStv and GoTV.  Customers under the pay-TV company recently woke up to a notifi...
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