Economy Archives — Page 19 of 259

February 1, 2025 No Responses

NCAA Revokes Eastwind Aviation, Omni-Blu Air’s Operator Certificates

The Nigeria Civil Aviation Authority (NCAA) on Friday revoked the air operator certificates of Eastwind Aviation Logistics Services Limited and Omni-Blu Aviation. In a post on its X handle, the NCAA said the move is part of efforts to “further sanitize the...

February 1, 2025 No Responses

EFCC Arraigns 11 Chinese, One Filipino for Alleged Internet Fraud

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Friday, January 31, 2025, arraigned 11 Chinese, one Filipino and a company, Genting International Co. Ltd, before Justice D.I. Dipeolu of the Federal High Court sitting in...

January 31, 2025 No Responses

Katsina Gov Visits NGX Group, To Leverage Capital Market Opportunities

Nigerian Exchange Group (NGX Group) hosted the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a significant step toward advancing the state’s economic vision through capital market opportunities. The visit reaffirmed...

January 30, 2025 No Responses

EFCC, NIRA To Strengthen Cyber Security Collaboration

The Nigeria Internet Registration Association, (NIRA) has resolved to strengthen its existing collaboration with the Economic and Financial Crimes Commission (EFCC) towards enhancing the country’s cyber security.The resolution was reached on Wednesday, Janua...

January 30, 2025 No Responses

Nigeria Secures $1.1b AfDB Loan

The Nigerian Government has secured a $1.1 billion loan from the African Development Bank (AfDB) for the provision of electricity for 5 million people by the end of 2026. According to Bayo Onanuga, Special Adviser to the President, (Information &amp...

January 30, 2025 No Responses

EFCC, NGX RegCo To Strengthen Partnership

NGX Regulation Limited (NGX RegCo), the independent regulation subsidiary of Nigerian Exchange Group, and the Economic and Financial Crimes Commission (EFCC) have called for enhanced partnership to enhance market surveillance and combat financial crimes in Nig...

January 29, 2025 No Responses

IGR: Edo Inland Revenue Service Lauds NNPC

The Executive Chairman, Edo State Internal Revenue Service (EIRS,) Hon. Oladele Bankole-Balogun has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) E&P Limited for their contributions to the Internally Generated Revenue (IGR)...

January 29, 2025 No Responses

FG Generates ₦2.4b From Marriage Contracts In 2024

The Federal Government generated about N2.4 billion from marriage contracts via its marriage registry in 2024. The Minister of Interior, Olubunmi Tunji-Ojo, who disclosed this on Tuesday explained that the Federal Government planned to further strengthen...

January 29, 2025 No Responses

CBN To Commence Payment Of Forex Backlog

The Governor of the Central Bank, Olayemi Cardoso has disclosed that the forensic verification to clear all pending foreign exchange backlogs is now completed and payments will commence soon. Speaking during the launch of the foreign exchange code, Cardoso lam...

January 29, 2025 No Responses

DMO: Tinubu Inherited N87.38tri Debt

President Bola Tinubu’s administration inherited a total of N87.38 trillion debt upon assumption of office on May 29, 2023, the Debt Management Office (DMO) has disclosed. The DMO revealed the above in a bid to clarify recent media reports claimi...

January 29, 2025 No Responses

Nigeria Pledges 50% Renewable Energy

President Bola Tinubu has reiterated Nigeria’s commitment to achieving universal energy access by 2030, emphasizing the government’s target of increasing renewable energy to constitute 50% of the national energy mix. The President disclosed this during his...

January 28, 2025 No Responses

FG Targets 25% Port Operations Cost Reduction with National Single Window

The Federal Government has announced plans to implement the National Single Window (NSW) in its bid to reduce the cost of doing business in Nigerian ports by at least 25 per cent.Indeed, as highlighted by the World Bank, the cost...

January 28, 2025 No Responses

Lanre Shittu Motors Expands CNG Market Share

Lanre Shittu Motors has unveiled plans to add more value to the auto commercial segment with its newly unveiled LSM brand .Managing Director of thecompany, Mr Taiwo Shittu, says the auto firm is pushing its LSM brand hard to dominate...

January 28, 2025 No Responses

Kano Targets 63,360 Garment Industry Jobs

The Governor of Kano State, Alhaji Abba Kabir Yusuf, has announced plans to create 63,360 jobs for youths in the garment industry annually, starting from 2025. Director General of Media and Publicity, Kano Government House, Sanusi Bature Dawakin Tofa, explaine...