Economy Archives — Page 67 of 231

January 25, 2024 No Responses

FIRS Targets N19tri In 2024, Attains N12tri In 2023

For the year 2023, the Federal Inland Revenue Service (FIRS), collected N12.374 trillion as tax revenue, surpassing the year’s target of N10.7 trillion. The Chairman of FIRS, Zacch Adedeji disclosed this at the opening of a two-day strategic management retreat of...

January 25, 2024 No Responses

Lekki Seaport To Receive First LNG-Powered Boxship January 28

CMA CGM Scandola, the first LNG-powered containership of the French shipping company, CMA CGM is scheduled to arrive Lekki Seaport, Lagos, Nigeria, January 28, 2024. Before reaching Lekki, the vessel is scheduled to first call the port of Tema, Ghana...

January 24, 2024 No Responses

FG, States, LGs Share N1.1trillion

The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in a communiqué issued at the end of the Federation Account All...

January 24, 2024 No Responses

Expert Tasks FG On Listings, Tax Revenue

The Managing Director/Chief Executive of Arthur Steven Asset Management Limited, Mr Olatunde Amolegbe, has called on the Federal Government to encourage listings on the nation’s bourse as part of measures to boost capital market participation and tax rev...

January 24, 2024 No Responses

SIFAX Boss Lauds Gerar University On Infrastructure, Donates Bus

SIFAX Group Chairman and the newly-appointed Chancellor of the Gerar University of Medical Sciences, Imope-Ijebu, Ogun State, Dr. Taiwo Afolabi, has commended the university for the quality of infrastructure at the institution’s campus. Afolabi, who w...

January 23, 2024 No Responses

NADDC DG IN SOUTH AFRICA, MEETS AUTO STAKEHOLDERS

As part of measures to strengthen ties with major auto stakeholders and Original Equipment Manufacturers, the Director General, National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, on Monday, 22nd January 2024, met with the Associati...

January 23, 2024 No Responses

World’s Largest Car Carrier Debuts

SAIC Group, a prominent Chinese automotive manufacturer, officially named and commissioned the LNG dual-fuel car carrier SAIC Anji Sincerity. Constructed by CSSC Jiangnan Shipyard, the vessel, featuring 7,600 parking spaces, is exclusively built for SAIC Anji ...

January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation. Meanwhile, Business Man, Mr. Femi Otedola also on Monday confirm...

January 22, 2024 No Responses

NADDC, NMDPRA To Strengthen Partnership

The Director General, National Automotive Design and Development Council (NADDC), Joseph Osanipin has paid a courtesy visit to the Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed.The two Ch...

January 22, 2024 No Responses

ExxonMobil Sues Investors

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a vote at its annual investor meeting. The complaint is against Follow This and Arjuna Capital, which have called on Exxon...

January 22, 2024 No Responses

Lekki Seaport Berths Largest Container Vessel

The Nigerian Ports Authority (NPA), on Sunday, January 21, 2024, successfully received at the Lekki Deep Seaport the largest container carrier to sail on Nigerian territorial waters. The vessel measuring 367M in length over all christened “Maersk E...

January 22, 2024 No Responses

Shippers’ Council Boss Visits NIMASA

The Management of the Nigerian Shippers’ Council, led by the Executive Secretary, Barrister Akuta Pius Ukeyima paid a working visit to the Nigerian Maritime Administration and Safety Agency, NIMASA. The Director General of NIMASA, Dr. Bashir Jamoh OFR, in hi...

January 21, 2024 No Responses

BYD Takes Delivery Of First Car Carrier

BYD, a China-based electric vehicle (EV) manufacturer that overtook Tesla as the world’s biggest EV seller in 2023, has taken delivery of its first car carrier which is dual-fueled. The maiden voyage ceremony for BYD Explorer No.1, the 7,000 CEU...

January 21, 2024 No Responses

Electric Mini Cabs Debuts In Lagos

The Ikoyi Obalende Local Council Development Area (LCDA) in Lagos State, has announced plans to roll out 200 electric mini cabs as part of the council’s empowerment programme for 2024. Briefing Journalists, Chairman of the Council, Fuad Atanda-Lawal explaine...