Economy Archives — Page 32 of 231

July 6, 2024 No Responses

FG To Investors: Unlock Potential In Nigeria’s Non-Oil Sector

Citing attractive investment returns in Nigeria, Vice President Kashim Shettima has called for a significant shift from dependence on oil to other critical sectors The Vice President identified agriculture, manufacturing, renewable energy and digital innovation, among other sectors as potential...

July 6, 2024 No Responses

Suspected Armed Rubbers Shoot FRSC Personnel

Gunmen suspected to be armed robbers on Friday attacked personnel of the Federal Road Safety Corps (FRSC), simply identified as Abu, who was coming from a bank and heading towards his house at Zango in Lokoja, Kogi State. Abu was disposed...

July 5, 2024 No Responses

Shippers’ Council Holds Maritime Seminar For Judges July 9-11

The Nigerian Shippers’ Council (NSC), Federal Ministry of Marine and Blue Economy in collaboration with the National Judicial Institute (NJI) is set to host the 17th edition of the International Maritime Seminar for Judges under the distinguished chairmanshi...

July 5, 2024 No Responses

Tolaram Appoints Adesuwa Ladoja As CEO Lagos Free Zone

The Board of Directors, Tolaram Group has appointed Adesuwa Ladoja as the Managing Director/Chief Executive Officer (CEO) of the Lagos Free Zone (LFZ) Company, one of its subsidiaries.Tolaram in a statement explained that the appointment is effective July 1, 2...

July 5, 2024 No Responses

FG Inaugurates Economic Team

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country. The Council has a mix of government officials, top private sector players, ...

July 5, 2024 No Responses

NGX Group Confirms Chiemeka as CEO Of NGX Limited

Nigerian Exchange Group Plc (NGX Group) has confirmed the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According to NGX Group, the appointment was effec...

July 5, 2024 No Responses

Driver Jailed 12 Years For Killing LASTMA Officer

The Lagos High Court sitting in Ikeja on Thursday convicted and sentenced a commercial bus driver, Elijah Shokoya, to 12 years imprisonment for killing an officer of the Lagos State Traffic Management Agency (LASTMA). Justice Oyindamola Ogala jailed Shokoya af...

July 5, 2024 No Responses

Access Holdings Leads In PBSI Ranking

In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from...

July 4, 2024 No Responses

NPA Unveils New Tugboats

Minister of Marine and Blue Economy, Adegboyega Oyetola, has commissioned three newly acquired 80 tons bollard pull tugboats deployed to enhance the berthing of vessels at the Dangote Refinery and Lekki Deep Seaport.Christened MT IRAGBIJI, MT DAURA, and MT BAM...

July 4, 2024 No Responses

Customs Impounds Firearms, Drones At Lagos Airport

The Nigeria Customs Service (NCS) has seized assorted arms, drones, and military accoutrements worth ₦1.5bn exported from Turkey to Lagos State. Comptroller General of Customs, Adewale Adeniyi, disclosed this in Lagos on Wednesday at the Murtala Muhammed Are...

July 3, 2024 No Responses

NOVA Bank Commences Operations As National Commercial Bank.

NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island.This follows the Central Bank of Nigeria’s ...

July 3, 2024 No Responses

At TAAM Conference, Experts Outline Blueprint For Sustainable Shipping

As Nigeria continues to harness the potential of its maritime sector, experts have advocated for sustainable practices to ensure the long-term health and productivity of its blue economy.According to various experts who spoke at the sixth edition of the Taiwo....

July 3, 2024 No Responses

CBN To Sanction Banks, BDCs Over Rejection Of Lower Dollar Bills

The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive...

July 3, 2024 No Responses

Bill To Repeal NIMC Act Passes Second Reading

A bill to repeal the National Identity Management Commission (NIMC) Act 2007 has passed the second reading in the Senate. The bill provides for the establishment of a National Identity Database, and the NIMC is charged with the responsibilities for...