Economy Archives — Page 27 of 231

July 28, 2024 No Responses

Shippers’ Council, NNPCL To Strengthen Partnership

Executive Secretary/ Chief Executive Officer, Nigerian Shippers Council (NSC), Barrister Pius Akutah, recently, led the management team to the Nigerian National Petroleum Corporation Limited (NNPCL) Towers in Abuja in a bid to enter strategic collaboration.During the visit, the Executive Secretary...

July 28, 2024 No Responses

Nigeria Fortifies Security At Borders

The Nigerian Government has ordered tightened security at the country’s border owing to the planned nationwide protest over the prevalent economic hardship in the country. In a statement, the spokesman of the Nigeria Immigration Service (NIS) KT U...

July 28, 2024 No Responses

CBN Allocates Another $148m To Authorised Dealers

The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to provide liquidity to the foreign exchange market. Acting Director of the Corporate Communications Department, Hakama Ali,...

July 27, 2024 No Responses

Lagos Postpones E-Call Up System For Lekki-Epe Corridor

The E-Call Up system on Lekki-Epe corridor, earlier scheduled to commence August 1, 2024, has been postponed by the lagos state government. The state government on Friday attributed the development to “stakeholders’ request to extend the timeliness to ...

July 27, 2024 No Responses

Reps Pass Shipping, Port Economic Regulatory Agency Bill

The House of Representatives has passed the Nigerian Shipping and Port Economic Regulatory Agency Bill. The Executive Secretary, Nigerian Shippers Council (NSC) Pius Akutah disclosed te development on Friday.Declaring the 2024 Operational Retreat or...

July 27, 2024 No Responses

National Assembly Moves To Strengthen NIMC Act

The National Assembly, as part of the moves to strengthen the regulatory function of the National Identity Management Commission, has embarked on repealing and enacting the NIMC Act No. 23. The NIMC Bill represents a significant legislative endeavour to ...

July 26, 2024 No Responses

Shettima, Sanwo-Olu, Others Harp On Collaboration For Effective Development

The Vice President of Nigeria, Senator Kasim Shettima and Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu have emphasised the importance of partnership, innovative thinking, and effective policies for shaping a new blueprint for sustainable development an...

July 25, 2024 No Responses

NADDC, NOA To Synergize On Public Enlightenment Campaign

To create more awareness of the developments in the Nigeria automotive industry, the National Automotive Design and Development Council(NADDC) and the National Orientation Agency(NOA) are set for collaborative engagements.This was disclosed on Wednesday by the...

July 25, 2024 No Responses

Nigeria Customs Partners US Customs & Border Protection To Combat Illicit Trade

The Nigeria Customs Service is collaborating with the United States Customs and Border Protection Agency (CBP) on using Artificial Intelligence (AI) to curb the flow of illicit drugs and arms into the West African nation.In an exclusive interview with the...

July 25, 2024 No Responses

Lagos To Deploy 2,000 CNG Buses, 5,000 Cars

Lagos State Governor, Babajide Sanwo-Olu has disclosed plans to deploy 2,000 high-capacity buses through the Public Private Partnership (PPP) model for mass public transportation next year (2025). Governor Sanwo-Olu made the revelation at the Lagos Invest...

July 24, 2024 No Responses

NCDMB, UBEC Explore Capacity Building Opportunities, Support For Basic Education

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs o...

July 24, 2024 No Responses

Again, CBN Raises Interest Rate

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee...

July 24, 2024 No Responses

SIFAX Group Appoints Eniola-Jegede Group Coordinating Director

The Board of Directors of SIFAX Group has approved the appointment of Mrs. Wunmi Eniola-Jegede as the Group Coordinating Director. Until this appointment, Eniola-Jegede was the Executive Director, Human Resources, Business Development, and Strategic Planning. ...

July 24, 2024 No Responses

Gabon Invites Dangote To Invest In Cement, Fertilizer Production

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment ...