Economy Archives — Page 33 of 231

July 2, 2024 No Responses

NNPC Declares State Of Emergency On Crude Oil Production

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this...

July 2, 2024 No Responses

Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa

The rising transaction volumes by non-banks threaten financial stability in West Africa, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. He stated this on Monday at the 10th meeting of the College of Supervisors for...

July 2, 2024 No Responses

NDDC To Develop New Strategies For Niger Delta Development

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has assured that the Niger Delta Stakeholders Summit, coming up on July 10-13, 2024, will develop strategies for economic growth and development of the Niger Delta Region....

July 1, 2024 No Responses

PwC Nigeria Announces Three New Partners

PwC Nigeria has announced the admission of three new partners effective, 1 July 2024.They include Marilyn Obaisa-Osula (Consulting & Risk Services), Taiwo Oyaniran (Assurance), and Tim Siloma (Tax & Regulatory Services).This announcement is part of PwC...

July 1, 2024 No Responses

NDLEA Arrests 60 Suspects In Abuja

The National Drug Law Enforcement Agency (NDLEA) on Sunday arrested Sixty suspects comprising 25 males and 35 females at a drug party in Abuja. The suspects were nabbed in the nation’s capital on Friday night following credible intelligence about the...

July 1, 2024 No Responses

Ecobank Nigeria Unveils Promo, To Reward 500 Customers

Ecobank Nigeria, a subsidiary of the Ecobank Group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The six-month campaign, which is set to run between J...

June 30, 2024 No Responses

Adeleke Unveils Implementation Committee On Food Security

Governor Ademola Adeleke has opened up on the plans of his administration for the agricultural sector in the state, assuring stakeholders that farm inputs, tractorization and issue of food security are being addressed by his government. Speaking after a meetin...

June 30, 2024 No Responses

Firm Receives New LPG Carrier

Japanese shipping major NYK, compatriot liquefied petroleum gas (LPG) trader and importer Astomos Energy Corporation have held a delivery and naming ceremony for a new LPG dual-fuel LPG/ammonia carrier. The gas carrier has a length of 229 meters, a breadth...

June 29, 2024 No Responses

Photo News

CNG Powered Kia Rio on Display at the just concluded Nigeria Auto Industry Summit (NAISU) organised by Nigeria Auto Journalists Association (NAJA) in collaboration with National Automotive Design and Development Council (NADDC).

June 29, 2024 No Responses

Photo News

Photo News: Deputy Director, Industry Development Department, Federal Ministry of Industry, Trade and Investment,Mrs Olumuyiwa Ajayi-Ade, at Mikano Motors stand, inspecting CNG powered Pick-Up at the just concluded Nigeria Auto Industry Summit (NAISU) organise...

June 29, 2024 No Responses

CBN Issues Fresh Foreign Currency Deposit Guidelines

The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank. This directive was contained in a circular issued by the Director of Currency Operators,...

June 29, 2024 No Responses

Uzoka-Anite’s Remarks At The Nigeria Auto Industry Summit

Remarks of the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite at the Nigeria Auto Industry Summit (NAISU) held in Lagos, June 27, 2024. The Minister was represented by Deputy Director, the Industry Development Department, Mrs Olumuyiwa Ajayi...

June 28, 2024 No Responses

Presco Appoints Acting Company Secretary

The Board of Directors of Presco Plc has approved the appointment of the law firm of Abdulai, Taiwo & Co as Acting Company Secretary/General Counsel effective 1st July 2024. In a notice to the Nigerian Exchange Limited (NGX), its shareholders.....

June 28, 2024 No Responses

NPA Tops Presidential Ease-Of-Doing Business Ratings

The Nigerian Ports Authority (NPA) has emerged with a performance score of 100 per cent in the just concluded Cohort #3 of the Presidential Enabling Business Environment Council (PEBEC).In recognition of the dedication to driving the reforms, the Authority is....