Economy Archives — Page 47 of 231

May 2, 2024 No Responses

NEPL/Seplat JV, Edo Sign Reforestation Agreement

The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree planting initiative...

May 1, 2024 No Responses

FG Approves Salary Increase For Civil Servants

The Federal Government has approved an increase of between 25% and 35% in salary Increase for Civil Servants on the remaining six Consolidated Salary StructuresThe Salary Structure are Consolidated Public Service Salary Structure (CONPSS), Consolidated Researc...

May 1, 2024 No Responses

Maersk debunks $600m Investment In Nigeria

The management of AP Moller-Maersk has debunked report that it is planning to invest $600 million in Nigerian seaport infrastructure. The Nigerian Government through a statement had claimed that the Danish shipping conglomerate promised to bring an additional ...

May 1, 2024 No Responses

Petrol Marketers Threaten Strike Over ₦200b Debt

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims. The threat comes following cur...

May 1, 2024 No Responses

Dangote Targets 700,000mt Of Refined Sugar In Four Years

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dan...

April 30, 2024 No Responses

NCDMB Receives N450m Interim Dividend From Waltersmith Modular Refinery

The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the N1.5billion declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment rep...

April 30, 2024 No Responses

Najomo Inaugurates NCAA’s Project Monitoring And Evaluation Committee

The Acting Director General, Nigerian Civil Aviation Authority (NCAA), Capt. Chris Ona Najomo has inaugurated NCAA Project Monitoring and Evaluation Committee.The inauguration ceremony for the newly reconstituted committee took place on Monday, April 29, 2024...

April 30, 2024 No Responses

Lagos Constitutes Cyber Security Advisory Board

A major step to mitigate cyber security risks to its systems, assets and data has been taken by the Lagos State Government. The Government has set up a Cybersecurity Advisory Board to facilitate the design, implementation and management of an...

April 29, 2024 No Responses

Edo Announces N70,000 Minimum Wage

Edo State Governor, Mr. Godwin Obaseki, has announced an increase in the minimum wage for Edo workers from N40,000 to N70,000 effective from May 1, 2024.Obaseki disclosed this on Monday while delivering his speech at the commissioning of Edo State...

April 29, 2024 No Responses

NGF Seeks Safer Transportation Of Petroleum Products

Discussions are advancing among the 36 state governors and strategic federal agencies in the oil and gas industry over the adoption of safer methods of transportation of petroleum products across the country, the Nigerian Governors Forum (NGF) disclosed on Sun...

April 29, 2024 No Responses

Dangote: Industrialization key To Diversification Of The Economy

The Pan-African Conglomerate, Dangote Industries Limited (DIL) has emphasized the crucial role of industrialization in diversifying the economy. The Regional Sales Director, Lagos/Ogun Dangote Cement PLC, Mr Tunde Mabogunje, disclosed this at the ongoing 13th ...

April 28, 2024 No Responses

120 Vehicles Burnt As Tanker Explosion Causes Carnage In Rivers

More than 120 vehicles and goods worth estimated billions have been destroyed in tanker fire along the East-West Road in Rivers State. Rivers State Governor, Siminalayi Fubara, who visited the scene of the devastating tragedy on Saturday, confirmed five ...

April 28, 2024 No Responses

Lagos-Calabar Coastal Road: Demolition Of Structures Begins

The Minister of Works, David Umahi has flagged off the demolition of buildings on the right of way of the Lagos-Calabar Coastal Road. The demolition exercise began at the Mani Chula Beach, Oniru Waterfront on Saturday. The minister said compensation...

April 27, 2024 No Responses

Tinubu Appoints Jim Ovia As Chairman Education Loan Fund

President Bola Tinubu has appointed renowned banker and businessman, Mr. Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). Ovia is the founder of Zenith Bank Plc and an alumnus of Harvard Business School and...