Economy Archives — Page 30 of 264

December 19, 2024 No Responses

Tinubu: 2025 Budget Will Reduce Inflation To 15 Percent

President Bola Tinubu has declared that the 2025 budget forecasts is expected reduce inflation from current 34.6% to 15% next year. He said this during his presentation of the N49.7 trillion 2025 budget proposal to a joint session of the...

December 19, 2024 No Responses

Tinubu’s 2025 Budget Speech To NASS

In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the...

December 18, 2024 No Responses

Reps Probe FG’s Undelivered 2,000 Tractors

The House of Representatives on Tuesday resolved to investigate the non-delivery of the Federal Government’s 2,000 tractors, 100 combined harvesters and other agricultural implements under the renewed hope agenda of President Bola Tinubu. In November 2023, t...

December 18, 2024 No Responses

NAHCO Targets N300b Revenue In Five Years

Nigerian Aviation Handling Company (NAHCO) Plc has set N300 billion total Group revenue target within the next five years. Group executive director, International Business & Corporate Services of NAHCO, Dr. Sola Obabori stated this at the Company ‘bell r...

December 18, 2024 No Responses

Auto Finance: Stakeholders Laud FG, Seeks Legal Backing For NAIDP

Stakeholders in Nigeria’s automotive industry have concluded a strategic conference in Lagos State aimed at driving growth. City Business News reports that the conference is also aimed at addressing sector challenges and fostering collaboration....

December 18, 2024 No Responses

SEC DG: Vibrant Capital Market Key To $1tri Economy

The Securities and Exchange Commission (SEC) has stressed the need for a vibrant capital market in achieving the Federal Government’s $1 trillion economy target. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Acade...

December 17, 2024 No Responses

2025: FEC Approves N47.9tri Budget

The Federal Executive Council has given final approval to the 2025 budget to be presented by President Bola Tinubu. Speaking to State House correspondent shortly after the FEC meeting chaired by President Tinubu at the Presidential Villa on Monday, the Mi...

December 17, 2024 No Responses

Xmas: Tinubu Approves Free Nationwide Transportation

President Bola Tinubu has approved free transportation nationwide ahead of Christmas celebration. The Minister of Information, Mohammed Idris, announced this while briefing State House correspondents shortly after the Federal Executive Council meeting chaired ...

December 16, 2024 No Responses

Tinubu Celebrates Shell, Partners’ $5b Deepwater Investment

President Bola Ahmed Tinubu welcomes Shell and its partners’ announcement of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field.A statement issued on Monday by Bayo Onanuga, Special Adviser to the President,(Information & Stra...

December 15, 2024 No Responses

SEC Nigeria Rolls Out Enlightenment Campaign

To ensure more Nigerians are attracted to the capital market, the Securities and Exchange Commission (SEC)has rolled out an enlightenment initiative tagged #investnigeria.Speaking at the official rollout at the weekend, Director General of the SEC, Dr. Emomoti...

December 15, 2024 No Responses

Japan Ambassador, Business Community Laud Dangote Refinery

The Dangote Refinery and Petrochemicals complex has been hailed as an astonishing masterpiece, showcasing Nigeria’s technological advancements on the global stage.This accolade was shared by a delegation from the Japanese Business Community in Nigeria, led b...

December 15, 2024 No Responses

NCDMB, Julius Berger, Seal Oloibiri Museum Construction Contract

The Nigerian Content Development and Monitoring Board (NCDMB) has executed the engineering, procurement, and construction contract with Julius Berger Plc for the development of Oloibiri Museum and Research Centre (OMRC).The project is to be located at Otuabagi...

December 14, 2024 No Responses

FG, States, LGCs Share ₦1.727tri

A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Co...

December 12, 2024 No Responses

Seplat Energy Completes Acquisition Of Mobil Producing Nigeria

SeplaSeplat Energy Plc has completed acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil .According to Seplat Energy, the transaction is transformative for Seplat Energy, “more than doubling production and positioning the Company to d...