Tag: Economy

At NDSF 2023, Stakeholders Restate Importance Of 5G Services
June 12, 2023 No Responses

At NDSF 2023, Stakeholders Restate Importance Of 5G Services

Stakeholders in the Information and Communication Technology (ICT) industry have restated the value of the Fifth Generation (5G) services, especially on the positive use of the internet to ease connectivity.They also noted that 5G technology has enhanced capabilities that will...
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NGX To Host Workshop On Cross-Border Trading Requirements
June 10, 2023 No Responses

NGX To Host Workshop On Cross-Border Trading Requirements

Nigerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. City Business News report that the Webinar, which will hol...
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Telecom Sector Contributes N2.508Tri To Nigeria’s GDP
June 9, 2023 No Responses

Telecom Sector Contributes N2.508Tri To Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent.  F...
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Shippers’ Council Cooperative Declares N44.443m Dividend For 2022
June 9, 2023 No Responses

Shippers’ Council Cooperative Declares N44.443m Dividend For 2022

For the year 2022, the Nigerian Shippers’ Council Staff Multipurpose Cooperative Society Limited has concluded plans to pay a dividend of N44.447 million to its members. The President of the Council’s Cooperative, Mr. Adeyemi Olaolu said the cooperative pa...
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FIRS, LIRS, Seal MoU On Joint Tax Audit, Investigation
June 8, 2023 No Responses

FIRS, LIRS, Seal MoU On Joint Tax Audit, Investigation

The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audit and Investigation Team aimed...
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Fidelity Bank Holds  International Trade expo in Houston October 
June 7, 2023 No Responses

Fidelity Bank Holds  International Trade expo in Houston October 

Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston,...
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Edo Urges Collaboration To Safeguard Food Supply Chain, Reduce Foodborne Diseases, Others
June 7, 2023 No Responses

Edo Urges Collaboration To Safeguard Food Supply Chain, Reduce Foodborne Diseases, Others

The Edo State Governor, Mr. Godwin Obaseki, has emphasized the need for increased collaboration among global stakeholders to address vulnerabilities within the food supply chain, ensuring a more secure and resilient food system that guarantees that more people...
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Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share
June 5, 2023 No Responses

Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share

The shareholders of Ardova Plc, at a Court Ordered Meeting held in Lagos, on Wednesday, 31 May, 2023, approved the Scheme of Arrangement for the holders of its fully paid ordinary shares of 50 kobo each, subject to the approval...
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Elumelu: Africa Needs To Rethink Its Relationship With Business
June 5, 2023 No Responses

Elumelu: Africa Needs To Rethink Its Relationship With Business

Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private sector can transform Africa’s economy and s...
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NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards
June 5, 2023 No Responses

NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards

NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as ...
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DNV: Biofuel Key To Maritime Decarbonisation
June 5, 2023 No Responses

DNV: Biofuel Key To Maritime Decarbonisation

The flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. In its latest white paper “Biofuels in shipping,” classification society, DNV reported that the current...
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Edo Partners Group, To Boost Capacity Of 3000 Workers
June 4, 2023 No Responses

Edo Partners Group, To Boost Capacity Of 3000 Workers

Edo state government has entered into a partnership with Technology for Social change and Development Initiative (Tech4dev) as part of measures to boost capacity of 3000 workers. Addressing journalists in Benin City, the Edo State Head of Service, Anthony Okun...
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Samsung Signs $172m Crude Carrier Contract
June 3, 2023 No Responses

Samsung Signs $172m Crude Carrier Contract

South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a contract for the construction of two crude carriers. The shipbuilding firm will construct the vessels for an undisclosed shipowner from Oceania. The value of both ships is estimated at $172.....
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NLC: COMMUNIQUE AT THE END OF AN EMERGENCY NEC MEETING  HELD ON FRIDAY, 2ND OF JUNE, 2023
June 3, 2023 No Responses

NLC: COMMUNIQUE AT THE END OF AN EMERGENCY NEC MEETING  HELD ON FRIDAY, 2ND OF JUNE, 2023

On Monday, the 29th day of May, 2023 the President of the Federal Republic announced during his inaugural speech the withdrawal of Subsidy on Premium Motor Spirit (PMS) in Nigeria. Consequently, the price of the product which is central to transportation....
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