Economy Archives — Page 3 of 254

March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the Finance Ministry on...

March 28, 2025 No Responses

IMF Appoints Elumelu To Advisory Council On Entrepreneurship, Growth

Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leadi...

March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...

March 27, 2025 No Responses

Ethiopian Airlines, Archer Sign New Agreement

Ethiopian Airlines and Archer have signed an agreement to introduce the “Launch Edition” Midnight aircraft, marking a significant milestone in bringing advanced eVTOL technology to Ethiopia and the African continent.This partnership aims to develop...

March 27, 2025 No Responses

Akwa Ibom Approves City Bus Scheme For Uyo Metropolis

The Executive Council of Akwa Ibom State Government has ratified and approved the implementation of a modern City Bus transportation system for Uyo metropolis. According to the state government, the project will provide safe, reliable and eco-friendly bu...

March 25, 2025 No Responses

UBA Declares N766.6b Profit For 2024

For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax, up from N607.7billion recorded at the end of 2023, an increase of of 26.14 per cent. The 2024 financials, file...

March 25, 2025 No Responses

NSML Unveils New Logo, Reiterates Commitment

NLNG Shipping and Marine Services Limited (NSML) has launched its new company logo, marking a significant turning point in the Company’s evolution into a leading integrated marine services company and its growth, diversification, and expansion into new marke...

March 24, 2025 No Responses

SEC Nigeria To Clampdown On Unfit Market Operators

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection. Speaking at the weekend in Abuja, SEC Dir...

March 24, 2025 No Responses

Okpebholo Lauds NDDC Boss, Prays For His Community

The Governor of Edo State, Senator Monday Okpebholo, has commended the Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, for facilitating the rapid development of communities across the Niger Delta region. Senator Okpebholo g...

March 23, 2025 No Responses

SPDC’s Host Community Threatens $5bn Lawsuit Over Asset Sale

One of the landlords to Shell Petroleum Development Company of Nigeria (SPDC) in Bonny, Rivers State, Se-Alabo Dan-Jumbo, has accused the oil giant of “illegally’ divesting its assets without the consent of its host communities, and threatened a $5 billion...

March 22, 2025 No Responses

LPG Supply: NLNG Harps On Digitalisation, New Platform

As part of measures to improve operational efficiency of Domestic Liquefied Petroleum Gas (DLPG), the management of NLNG has reiterated it’s commitment to work closely with stakeholders.At an engagement session with stakeholders in Lagos, recently, NLNG ...

March 22, 2025 No Responses

NDDC Empowers Rice Farmers

The Niger Delta Development Commission, NDDC, has reaffirmed its commitment to agricultural empowerment by concluding the second batch of its Capacity Building Programme for Rice Farmers on Commercial Scale in Umuahia, Abia State. Speaking during the clo...

March 21, 2025 No Responses

Alao Assumes Duty As Permanent Secretary, Lagos Finance Ministry

Mahmud Tajudeen Alao has officially assumed office as the new Permanent Secretary of the Lagos State Ministry of Finance, following his recent appointment by the Lagos State Governor, Mr. Babajide Sanwo-Olu.A distinguished financial expert and seasoned civil s...

March 21, 2025 No Responses

NADDC DG Visits Imo Governor To Discuss Partnership

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, on Thursday paid a courtesy visit to Imo State Governor, Senator Hope Uzodinma.The visit aimed to strengthen the ongoing collaboration between NADDC an...