Economy Archives — Page 56 of 231

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...

March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...

March 20, 2024 No Responses

Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the Federal Government can tackle the current foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigeria...

March 20, 2024 No Responses

Zenith Bank Appoints Adaora Umeoji As GMD/CEO

The Board Directors of Zenith Bank Plc has appointed Dr. Adaora Umeoji as the Group Managing Director/ Chief Executive of Zenith Bank Plc. The Bank in a statement to the Nigerian Exchange explained that the appointment is with effect from June ...

March 19, 2024 No Responses

NADDC To Partner Oando Clean Energy On Vehicle Electrification

The National Automotive Design and Development Council (NADDC) and Oando Clean Energy are set to forge closer ties on Vehicle Electrification. According to NADDC, a courtesy visit to the Council by Oando Clean Energy Executive Vic...

March 19, 2024 No Responses

Ministry To Grow Eastern Port Vessel Traffic

The ministry of Marine and Blue Economy, on Tuesday, said it’s poised to provide the facilitation and advocacy required to grow the vessel traffic to the Eastern port. Speaking at the commissioning of 4.8km road and Marine craft at Onne...

March 19, 2024 No Responses

NLC Backs NASU, SSANU

The Nigerian Labour Congress (NLC) has declared its support for the ongoing strike by the Non-Academic Staff Union of Educational (NASU) and associated institutions of the Senior Staff Association of Nigerian Universities (SSANU) and has demanded an “immedia...

March 18, 2024 No Responses

Tinubu: Killers Of Military Personnel Won’t Go Unpunished

President Bola Tinubu has condemned the killing of military personnel in Delta State. In a statement on Sunday, Tinubu described the killing as unprovoked and “dreadful”, adding that the perpetrators, whom he described as “cowardly” must not go unpunis...

March 18, 2024 No Responses

Dangote Lauds Lagos Govt On Consumer Rights Advocacy

The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote has commended the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that ...

March 17, 2024 No Responses

Shell To Deploy New ‘Cutting-Edge’ Vessel

Singapore-based shipbuilding player, PaxOcean Group, has delivered a vessel, scheduled to work off the coast of Brunei for Brunei Shell Petroleum (BSP), a subsidiary of the UK oil major Shell. The Vessel was delivered to Automac Mult...

March 17, 2024 No Responses

Obi Berates AG’s Office For Hosting Workshop In London

THE Presidential Candidate of the Labour Party in the 2023 general election, Mr. Peter Obi has berated the Office of the Accountant General of the Federation for hosting a Workshop for State Commissioners of Finance in London. Obi said this...

March 16, 2024 No Responses

Nigeria’s Inflation Hits 31.70%

The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS). The Bureau released the figure on Friday, with the latest data showing a rise from the 29.90...

March 16, 2024 No Responses

FAAN MD Urges Women To Champion Equality

Women in Logistics and Transport (WILAT) recently marked the International Women’s Day in Lagos. Gathered at the Nigeria Civil Aviation Authority (NCAA) annex within Lagos International Airport, women from the institute commemorated the occasion spo...

March 16, 2024 No Responses

Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals

UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-trac...