Economy Archives — Page 3 of 263

May 26, 2025 No Responses

NPA, Dangote To Deepen Maritime Industry Growth

The Nigerian Ports Authority (NPA) and Dangote Industries Limited (DIL) has set sights on the development of the nation’s Marine and Blue Economy sector, with plans to ensure expansion of Nigeria’s export operations.Speaking on Monday during a courtesy call to...

May 26, 2025 No Responses

NLNG Seeks Supportive Policies To Drive Decarbonisation In LNG Shipping

To drive decarbonisation and prepare for a net-zero future,the NLNG has called for policies and regulations to be tailored to the uniquiness, dynmaics and challenges of the LNG shipping industry.Speaking during a panel session on LNG Shipbuilding and Transport...

May 26, 2025 No Responses

B’Odogwu: PTML Customs Attains N230b Revenue, Targets 1-hour Cargo Clearance

Since its commencement in October 2024, the Unified Customs Management System also known as B’Odogwu has facilitated N230billion revenue at the Ports and Terminal Multiservices Limited (PTML) commandThe Customs Area Controller (CAC) of the Command, Compt...

May 25, 2025 No Responses

NLNG MD: Gas Must Replace Dirtier Fuels To Drive Energy Transition In Africa

The Managing Director and Chief Executive Officer of NLNG, Philia Mshelbila has called for deliberate efforts for the displacement of dirtier fuels, like biomass, by natural gas to drive energy transition in Africa.Mshelbila made the call during a panel sessio...

May 25, 2025 No Responses

Listed Firms Declare N1.1trillion Dividend In 2024

The Securities and Exchange Comission (SEC) has said that listed companies declared dividends totaling N1.1trillion to shareholders in 2024.The Director-General of SEC, Dr Emomotimi Agama, disclosed this at the first quarter Capital Market Committee (CMC) meet...

May 25, 2025 No Responses

FG To Dredge Lekki Port Channel

The Nigerian Federal Government(FG) has approved maintenance dredging of the $1.5bn Lekki Deep seaport channel from its present 16.5metres to 17metres in the first instance as it targets 19meters depth.Speaking at the weekend during a visit toLekki port, the M...

May 23, 2025 No Responses

NLNG At WGC In Beijing, Harps On Fleet Upgrades, Policy, Trade Routes

NLNG Manager, Commercial Contract Management, Tolu Longe, at the 2025 World Gas Conference (WGC) in Beijing, China, harped on current debates session on ‘LNG Shipbuilding and LNG Transportation’.During the session, she explored the critical interse...

May 23, 2025 No Responses

Customs Partners Cross-River On Economic Growth

The Nigeria Customs Service (NCS) and Cross River State are collaborating to propel economic growth.In his remarks during a meeting with the Executive Governor of Cross River State, Prince Bassey Otu, at the Customs Headquarters in Abuja, the Comptroller-Gener...

May 23, 2025 No Responses

Tinubu To NNPCL Board: Turn Economy Around

President Bola Tinubu has inaugurated the new board of the Nigerian National Petroleum Company Limited (NNPCL) and charged them to use their wealth of experience to turn the country’s economy around. Tinubu inaugurated them in Abuja on Thursday, ...

May 22, 2025 No Responses

Court Winds Up Illegal Capital Market Firm

Justice C.J. Aneke of the Federal High Court sitting in Ikoyi , Lagos, on Thursday, May 22, 2025, ordered the winding up of a fraudulent collective investment scheme firm, CJC Markets Limited, over failure to register with the Securities and...

May 22, 2025 No Responses

Aderogba Emerges President/CEO, Regional Maritime Development Bank

The Minister of Marine and Blue Economy, Adegboyega Oyetola has announced that President Bola Ahmed Tinubu has given approval for Nigeria’s hosting of the long-awaited Regional Maritime Development Bank (RMDB) and appointed a Nigerian, Mr. Adeniran Aderogba,...

May 22, 2025 No Responses

TEBA Foundation To Honour Expatriate Entrepreneurs With Awards

A Non-Governmental Organisation(NGO),TEBA Foundation for Humanity has commended the contributions of expatriates to the growth of Nigeria’s Gross Domestic Product (GDP).The foundation in order to further encourage the expatriates irrespective of their countr...

May 22, 2025 No Responses

Dangote Refinery Reduces PMS Price

Dangote Petroleum Refinery & Petrochemicals has announced another reduction of N15 in the price of its Premium Motor Spirit (PMS).As a result of this reduction, Nigerians will now purchase the product at the following prices: N875 per litre in Lagos;...

May 22, 2025 No Responses

Oyetola Seeks France’s Support For Nigeria’s IMO Council Bid

The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Wednesday received the Ambassador of France to Nigeria, Marc Fonbaustier, in his office in Abuja in a visit that underscored the deepening maritime and diplomatic relations between bot...