Economy Archives — Page 7 of 185

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 for collaboration with...

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...

April 2, 2024 No Responses

Okomu Oil Palm Trains Community Representatives On Leveraging Presence Of Multinational In An Environment

Members of communities playing host to multinational companies have been urged to leverage the presence of these companies for the advancement of their lives and that of their communities. This was the thrust of the lecture at the bi-annual community...

April 2, 2024 No Responses

Okomu Oil Palm Photo News

Health, Safety and Environment (HSE) Officer, Efe Emmanuel John-Onyijen (2nd left) explaining to the community representatives the reason for Okomu’s forest preservation.

April 2, 2024 No Responses

Chevron Charters First Electric Tanker For Maritime Customers

Chevron is chartering its first hybrid electric bunker tanker, a vessel that fuels other ships, from V-Bunkers, the Singaporean bunker arm of energy and commodities company Vitol. According to Chevron, the tanker, owned and operated by V-bunkers, arrived at Si...

April 2, 2024 No Responses

Seplat Energy COO: Community, Empowerment Critical To Energy Sector Stability

The execution of Corporate Social Investment (CSI) programmes in oil and gas producing communities as well as empowerment of their people is capable of promoting stability in the energy sector and ensuring security of critical national assets, Mr. Samson Ezugw...

April 1, 2024 No Responses

Gunmen Rob, Set Ablaze Luxury Bus With 59 Passengers On Board

It was a frightening narrow escape on Good Friday night for travellers on board an Abakaliki-bound 59-seater luxury bus, when armed robbers attacked them at Ijebu-Ode, Ogun State, and set the vehicle ablaze with all the passengers on board.The dare-devil...

April 1, 2024 No Responses

Pope Francis Urges Peace In Easter Message

Pope Francis urged the world to resist “the logic of weapons” in his Easter message at the Vatican on Sunday, easing growing health fears as he greeted thousands of Catholics. The 87-year-old’s “Urbi et Orbi” (To the City and the...

March 31, 2024 No Responses

Obasanjo Charges Politicians On Sacrifice, Selflessness

The Edo State Governor, Mr. Godwin Obaseki, at the weekend played host to former President Olusegun Obasanjo with the ex-president charging political leaders on sacrifice and selflessness. Obaseki received Obasanjo who was on a courtesy visit at the Government...