Economy Archives — Page 48 of 184

September 4, 2023 No Responses

Nigeria Issues Illegal Miners 30-Day Ultimatum

The Federal Government of Nigeria has issued a 30-day ultimatum to illegal miners to desist from such activities in the country. Speaking during a press conference in Abuja on Sunday, the Minister of Solid Minerals Development, Dele Alake, explained that...

September 4, 2023 No Responses

Dangote Cement Remits N412.9b Tax To Govt In Three Years

Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for three consecutive years. A statement sent to City Business News explained that a total...

September 4, 2023 No Responses

Sanwo-Olu Flags Off Food Palliatives, Targets 500,000 Vulnerable Households

THE Governor of Lagos State, Mr Babajide Sanwo-Olu, on Sunday flagged off the distribution of food items for 500,000 vulnerable households in the state to cushion the effect of fuel subsidy removal. Speaking during the exercise at the Lagos State...

September 3, 2023 No Responses

Tinubu Recalls Ambassadors

President Bola Tinubu has recalled Nigeria’s Ambassador both career and non-career back to Nigeria. The order was conveyed through a statement issued by the Special Adviser, Media and Communication Strategy to the Minister of Foreign Affairs, Alkasim Abdulka...

September 2, 2023 No Responses

Unclaimed Dividends: NGX Seeks More Awareness, Financial Literacy

Nigerian Exchange Limited (NGX) has said that a mix of financial literacy and awareness can help to reduce the growing number of unclaimed dividends in the capital market. This is coming after efforts by the Securities and Exchange Commission (SEC) t...

September 2, 2023 No Responses

NLC Communique On Nationwide Strike

COMMUNIQUE AT THE END OF THE NATIONAL EXECUTIVE COUNCIL (NEC) MEETING OF THE NIGERIA LABOUR CONGRESS (NLC) HELD ON THURSDAY, THE 31ST DAY OF AUGUST, 2023 In an all-inclusive session, the National Executive Council (NEC) deeply analyzed the prevailing national....

September 2, 2023 No Responses

GTCO Explains 2023 Half-Year Results

For the period ended June 30, 2023, Guaranty Trust Holding Company (GTCO) Plc has released its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). Within the period, the group r...

September 2, 2023 No Responses

Keyamo: Lagos Accounts For 60 Per Cent Of FAAN’s Revenue

Minister of Aviation and Aerospace Development, Festus Keyamo has expressed the Federal Government’s desire to optimize the generating capacity of the Federal Airport Authority of Nigeria (FAAN). Speaking during the facility visit of the Lagos Airport, K...

September 1, 2023 No Responses

Ardova CEO, Olu Adeosun, Resigns

By Moses Ebosele, ebosele@hotmail.com — Ardova Plc has announced the resignation of its Chief Executive Officer (CEO), Olu Adeosun with effect from August 31, 2023. In a statement sent to City Business News, the company explained that...

September 1, 2023 No Responses

NGX To Partner LCCI On Private Sector Advocacy, Listings

Nigerian Exchange Limited (NGX) has expressed its eagerness to collaborate with the Lagos Chamber of Commerce and Industry (LCCI) in advancing advocacy efforts, encouraging listings, and enhancing capacity development for both chamber members and the broader e...

August 31, 2023 No Responses

Blue Line Rail Commercial Operations Begin Monday

THE Lagos State Government says it will begin passenger operations on the Blue Line Rail on Monday, September 4, 2023. The Managing Director, Lagos State Metropolitan Area Transport Authority (LAMATA), Mrs Abimbola Akinajo, made this known on Wednesday at Mari...

August 31, 2023 No Responses

Reps Summon Insurance Firms Over Unremitted N267b Workers’ NHF

THE House of Representatives Ad hoc committee investigating non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 has summoned concerned Chief Executive Officers (CEOs) of insurance companies. This is to explain the reason fo...

August 31, 2023 No Responses

NSC, PEBEC, Others Brainstorm On Exports Of Agro Products Bottleneck

The Nigerian Shipper’s Council (NSC) in collaboration with the Presidential Enabling Business Environment Council (PEBEC) and some key stakeholders, recently, held a brainstorming session on how to tackle agro export bottleneck. According to the Execut...

August 30, 2023 No Responses

NGX Group To Pay Interim Dividend On Thursday

Nigerian Exchange Group Plc is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each on Thursday, 31 August 2023. This comes subsequent to an emergency board meeting convened by the Group...