Economy Archives — Page 54 of 231

March 28, 2024 No Responses

Shippers Council Okays Haulage Rates For Eastern Ports

Negotiated and reviewed haulage rates from Eastern ports to various destinations across the country has been approved by the Nigerian Shippers’ Council (NSC).According to the NSC, the rates approved were in consideration of cost moderation and cargo transpor...

March 28, 2024 No Responses

Firm Gets $1.8b Contract For Eight LNG Vessels

Korean shipbuilding major, Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has received a construction order for eight liquefied natural gas (LNG) vessels from an undisclosed shipowner. Under the $1.8billion, the company will buil...

March 28, 2024 No Responses

Dangote Donates 80,000 Bags Of 10kg Rice to Vulnerable Lagos Residents

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of...

March 28, 2024 No Responses

Coated Calcium Carbonate Processing Plant To Debuts In Edo

Edo State is set to host one of Nigeria’s largest coated calcium carbonate factories in Lampese, Akoko Edo Local Government Area of the State. The Commissioner for Mining and Energy, Enaholo Ojiefoh, who disclosed this in a chat with journalists,...

March 28, 2024 No Responses

Easter: FRSC Boss Directs Strategic Deployment Of Personnel

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Ali Biu has tasked Commanding Officers to ensure full deployment of staff for maximum visibility, prompt removal of obstructions and ease of movement on all highways across the country. A stateme...

March 28, 2024 No Responses

FG Offers Scholarship To Children Of 17 Slain Soldiers

President Bola Tinubu has offered scholarships to the children of the 17 soldiers who were murdered in the Okuama community, Bomadi Local Government Area in Delta state. Tinubu also granted posthumous national honours to the soldiers who lost their lives....

March 27, 2024 No Responses

SEC, NGX Group, ASHON, Others Celebrate Oscar Onyema

The Securities & Exchange Commission (SEC), Nigerian Exchange Group Plc, Association of Securities Dealing Houses of Nigeria (ASHON) among other key stakeholders on Tuesday celebrated the outgoing Group Chief Executive Officer of Nigerian Exchange Group Pl...

March 27, 2024 No Responses

CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the...

March 27, 2024 No Responses

Alternative Finance For Creative Industry: VFD Group Mulls SplitXchange

VFD Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development.The Managing Director of Splitar Limited, Mr Folagbade Adeyemi, stated this while speaking at the C...

March 26, 2024 No Responses

Edo To Float New Gas Company

The Edo State Government has set up Edo Green Energy Limited to be run as a private sector-facing entity which will engage in the commercialization of gas in the State.Commissioner of Mining and Energy, Hon. Enaholo Ojiefoh, who said this...

March 26, 2024 No Responses

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...

March 26, 2024 No Responses

SIFAX Logistics Donates Office Equipment To LASTMA

SIFAX Logistics Company Limited, a subsidiary of SIFAX Group, has donated some modern office equipment to the Lagos State Traffic Management Authority (LASTMA). The equipment includes two units of an air conditioner, a refrigerator, an executive office table, ...

March 26, 2024 No Responses

NPA Boss Begins Working Week On Tin-Can Port Access Road

As measure of consolidating the gains recorded in the clearance of illegal check/extortion points and shanties resulting in traffic gridlock on Tincan Island Port access road, Managing Director /CEO Nigerian Ports Authority (NPA) resumes work on Monday March 2...