Economy Archives — Page 181 of 231

June 11, 2019 No Responses

NPA Approves 10 % Discount On Habour Dues

As part of efforts to increase patronage at the Eastern Ports, the management of Nigerian Ports Authority (NPA) has approved a ten Percent (10%) discount on harbour dues in all concession terminals at the Eastern Ports. A statement issued by General Manager,...

June 10, 2019 No Responses

SEC Suspends Oando’s AGM

The Securities & Exchange Commission (SEC) has suspended the 2019 annual general meeting of oando plc earlier scheduled to told Tuesday, June 11th, 2019.In a statement on Monday morning, SEC said that, “further to the Ex-parte Order of the Federal...

June 10, 2019 No Responses

NNPC Records N174.62b Petroleum Product Sales In March

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it recorded N174.62 billion sale of white petroleum products in March.The corporation disclosed this in its March Monthly Financial and Operations Report (MFOR) released in Abuja.It says that Ma...

June 10, 2019 No Responses

CFAO Motors Re-Introduces Suzuki Vehicles In Nigeria

CFAO Motors has kick-started the distribution of Suzuki vehicles in Nigeria in a bid to offer its customers a wider range of affordable cars. Managing Director of CFAO Motors/CFAO Country Delegate, Mr. Thomas Pelletier stated that his company took over...

June 10, 2019 No Responses

Dakuku Reiterates Nigeria’s Commitment To Lead War Against Maritime Crime In Africa

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has declared Nigeria’s unwavering commitment to its leadership role in the war on piracy and maritime crimes in the Gulf of Guinea region, an area ...

June 9, 2019 No Responses

Dakuku: Our Ocean Rich Enough To Sustain Nigeria’s Economy

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has stated that the nation’s ocean’s resources are rich enough to sustain the economy of Nigeria as most countries with maritime based economy.&nbs...

June 4, 2019 No Responses

Emefiele To Unfold New Roadmap For Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Monday began his second tenure, following the confirmation of his re-appointment by the Senate on May 16 According to a statement by the Director Corporate Communications, Mr Isaac...

June 2, 2019 No Responses

Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team

The crisis rocking Oando Plc took a new dimension on Sunday as the Securities and Exchange Commission (SEC) appoints an interim management team for the company. According to SEC, the management team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON,...

June 2, 2019 No Responses

SEC, EFCC, Seek Prosecution Of Capital Market Offenders, Repatriation Of Stolen Funds

The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate in combating crime in the Nigerian capital market.This agreement was reached when the Management of the SEC met with the Management ...

May 30, 2019 No Responses

Heritage Bank Empowers ‘Tech Start-Ups’ Winners With $40,000 Grants

As part of its efforts to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa, Heritage Bank Plc, Nigeria’s most innovative banking service provider has doled out $40, 000 grants to winners ...

May 28, 2019 No Responses

Chamber Seeks Immediate Announcement Of Ministers

The Nigerian-British Chamber of Commerce (NBCC) has commended the signing of N8.92 trillion 2019 Appropriation Bill into law, saying the immediate announcement of cabinet members will trigger a robust economy. Mr Akinola Olawore, President of NBCC gave the com...

May 27, 2019 No Responses

Buhari Signs N8.92Tri 2019 Budget

President Muhammadu Buhari, who on Monday signed the 2019 appropriation bill of N8.92 trillion into law, said adjustment of the budget by the National Assembly may affect its smooth implementation.Speaking at the event which took place at the president’s min...

May 25, 2019 No Responses

‘Smuggling, Dumping, Greatest Challenges Hindering Economic Policies’

The CBN governor, Dr Godwin Emefiele, has identified smuggling and dumping of goods as the greatest challenges hindering the success of Nigeria’s economic policies. The News Agency of Nigeria (NAN) reports that Emefiele said this in Ibadan on Friday at...