Economy Archives — Page 52 of 231

April 8, 2024 No Responses

Nigeria, Spain To Deepen Maritime Security Cooperation

The Spanish Ambassador to Nigeria, Ambassador Juan Ignacio Sell has declared that the Spanish Government is desirous to deepen cooperation with Nigeria through further collaboration with the Nigerian Maritime Administration and Safety Agency (NIMASA). Ambassador Juan made this declaration while inspecting the...

April 7, 2024 No Responses

VFD Group CEO, Nonso Okpala Joins CSCS Board

Central Securities Clearing System Plc (CSCS), Nigeria’s premier Financial Market Infrastructure company, has appointed Nonso Okpala, Group Managing Director/CEO of VFD Group, into its Board. Nonso Okpala, who currently serves as the Group Managing Direc...

April 7, 2024 No Responses

Lagos To Seal Supermarkets Over Non-Disclosure Of Price Tags

The Lagos State Government has directed supermarkets and grocery stores throughout the state to display price tags on all products, warning that failure to comply may result in the sealing of non-compliant establishments. In a statement on its webs...

April 6, 2024 No Responses

Edo Unveils Manpower Development Scheme For Oil Palm Sector

The Edo State Government through the Edo State Oil Palm Programme (ESOPP) has called for applicants for its manpower development scheme aimed at growing a new crop of workers in its expansive oil plantation sector.In a statement, Acting Team Lead,...

April 6, 2024 No Responses

Atiku: Electricity Tariff Hike Will Compound Nigeria’s Economic Hardship

Former Vice President, Atiku Abubakar has joined the growing list of critics faulting the Federal Government’s hike in electricity tariff. According to Atiku, the move further compounds the citizens’ economic difficulties. The Nigerian El...

April 5, 2024 No Responses

NDDC To Acquire Tractors For Mechanized Farming

The Niger Delta Development Commission, NDDC, has announced plans to purchase modern farming equipment, such as tractors, to boost its agricultural initiatives, notably the Holistic Opportunities, Projects, and Engagement (HOPE) project.Speaking during a visit...

April 5, 2024 No Responses

Tinubu Tasks ECOWAS Parliament On Unity Against Forces Of Division

President Bola Tinubu has called on Economic Community of West African States (ECOWAS) members to come together, strengthen ties, and reject forces of division. The media aide to the President, Ajuri Ngelale, in a statement explained that Tinubu made the...

April 4, 2024 No Responses

NADDC TO PARTNER AFREXIM ON NNEWI AUTO INDUSTRIAL PARK

The Director General, National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, on Thursday visited the Regional Chief Operating Officer of the African Export-Import Bank (Afrexim), Mr. Eric Intong.The purpose of the visit was to solicit ...

April 4, 2024 No Responses

Edo Refinery Receives 15,000 Barrels Of Crude

Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and its co-venturer, Millenium Oil & Gas Company Limited. The Chief Executive Officer of...

April 4, 2024 No Responses

Customs Declares ₦1.3tri Revenue In Q1

For the first quarter of 2024, the Nigeria Customs Service (NCS) generated N1.3trillion revenue. Briefing Journalists on Wednesday, the Comptroller General of Customs, Adewale Adeniyi, explained that over 572 seizures were made with a duty-paid value of N10bn....

April 4, 2024 No Responses

Lagos-Calabar Coastal Road: Lagos Engages Land Stakeholders

Top officials from the Ministry of Tourism, Arts and Culture, led by the Commissioner for the Ministry, Mrs. Toke Benson-Awoyinka have sought the patience and understanding of residents of Iru area of the State, particularly those that would be affected...

April 3, 2024 No Responses

FIRS Apologises To Christians

The Federal Inland Revenue Service (FIRS) has apologised to Christians over its controversial Easter message which has stirred controversy. In its Easter message to Christians in Nigeria, the FIRS had shared a flier showing a Point of Sale (PoS) machine....

April 3, 2024 No Responses

Transcorp Power Declares N3.13 Dividend

Transcorp Power Plc (Transcorp Power) has reported N453 billion profit before tax for the year ended December. 31, 2023. Mr Stanley Chikwendu, Group Company Secretary, Transcorp Power, said this indicated a surge of 85 per cent, when compared with N439...

April 3, 2024 No Responses

Transactions On NGX Decline By N25b

The value of transactions on the Nigerian Exchange (NGX) dropped by 13.81 per cent on Tuesday after two days of Easter break. Consequently, the market capitalisation shed N25 billion or 0.04 per cent to close at N59.095 trillion, as against...