Economy Archives — Page 55 of 231

March 25, 2024 No Responses

Undersea Cables: Nigeria Seeks Joint West Africa Regional Protection

Following recent undersea cable cuts that challenged connectivity in many countries in the West African region, Nigeria has called for a coordinated and multilateral approach by the region to protect shared telecommunications infrastructure and diversify connectivity to ensure uninterruptible connections....

March 25, 2024 No Responses

Edo Woos More Private Investors In Solid Mineral Deposits, Others

The Edo State Commissioner for Mining and Energy, Enaholo Ojiefoh, has said that the State has surplus solid mineral deposits to host more than 20 more mega plants like the ones set up and operated by Dangote Group and BUA...

March 25, 2024 No Responses

NDDC To Tackle Erosion Scourge In Bayelsa Community

The Niger Delta Development Commission (NDDC) is to deploy modern technology to tackle the erosion scourge in Sangana community, in Brass local Government Area of Bayelsa State. This follows the recent devastating ocean surge in the community. Speaking d...

March 24, 2024 No Responses

Aliko Dangote Foundation Launches National Food Intervention Programme

Aliko Dangote Foundation, has launched its National Food Intervention Programme, aimed at distributing over one million 10kg bags of rice across the 774 local government areas of the 36 states and Federal Capital Territory in Nigeria.The initiative is a crucia...

March 24, 2024 No Responses

NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

The regulating body of the Nigerian Exchange Group, the NGX Regulation Ltd. (NGX RegCo) and Financial Reporting Council of Nigeria (FRCN), at the weekend launched roadmap for the adoption of the Sustainability Financial Reporting Standard in Nigeria. The lunch...

March 24, 2024 No Responses

Delta: Police Confirm Murder Of Six Officers

The Nigeria Police Force (NPF) has confirmed the murder of six policemen in Ohoro Forest in Ughelli North Local Government Area of Delta State. According to the Police, five suspects have been arrested in connection with the crime. Force spokesman....

March 23, 2024 No Responses

FG Suspends 25% Penalty On Improperly Imported Vehicles

The Nigeria Customs Service (NCS) has suspended the 25% penalty that had previously been imposed in addition to import duty on improperly imported vehicles. A statement signed by the National Public Relations Officer of NCS, Abdullahi Maiwada, on Friday, expla...

March 23, 2024 No Responses

Shippers Council Harps On Paperless Operations

The Nigerian Shippers’ Council (NSC) has set August 2024 deadline for full paperless operations as part of measures to drive service efficiency and contribute revenue to the Federal Government, NSC Executive Secretary/Chief Executive Officer, Pius ...

March 23, 2024 No Responses

New NIMASA DG: We Will Build A Purpose Driven Organisation

The newly appointed Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr. Dayo Mobereola says the Agency’s Management under his leadership will build a purpose driven organisation, while also prioritising effective communicat...

March 22, 2024 No Responses

FG Inaugurates Marshals To Combat Illegal Mining

As part of measures to tackle unauthorized mining activities, the Minister of Solid Minerals Development, Dele Alake, has launched the inaugural group of Mining Marshals Corps. Presenting the Mining Marshals in Abuja on Thursday, Alake explained tha...

March 22, 2024 No Responses

Stock Market Recovers N74b

Bullish sentiment returned to the equity market on Thursday, following investors’ interest stocks of BUA Cement, Zenith Bank and other top traders, making it the first gain of the week. Specifically, the market capitalisation, which opened at N58.947 trillio...

March 21, 2024 No Responses

Edo, Oando To Generate 175MW Wind Energy

The Edo State Government’s renewable energy programme being implemented in partnership with Oando Energy will result in the construction of wind turbines across three locations in the three senatorial districts of the State.The locations, according to studie...

March 21, 2024 No Responses

New NEMA DG, Zubaida Umar, Harps On Effective Service Delivery

The newly appointed Director General, the National Emergency Management Agency (NEMA), Mrs Zubaida Umar on Tuesday, assumed duties at the headquarters of the Agency in Abuja. The new Director General was received on arrival by the management staff of the...

March 21, 2024 No Responses

Access Bank To Acquire National Bank Of Kenya

Access Bank is to acquire the National Bank of Kenya from the KCB Group, its second acquisition of a Kenyan bank in under five years. After purchasing Transnational Bank Limited. in 2019, this is the Nigerian lender’s second acquisition in...