Economy Archives — Page 71 of 231

January 8, 2024 No Responses

Tinubu Suspends Betta Edu

President Bola Tinubu has suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, from office with immediate effect.According to a statement issued by Special Adviser to the President(Media & Publicity), Chief Ajuri Ngelale, the president also directed ...

January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...

January 8, 2024 No Responses

NDLEA Intercepts Hard Drugs From US

The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of ‘Colorado’, a very strong strain of cannabis, concealed in boxing kits imported from the United States of America. Disclosing this in a statement on Sunday, NDLEA spokesman, ...

January 8, 2024 No Responses

Falana To Betta Edu: Resign For ‘Betraying Nigerians’

Foremost human rights lawyer, Femi Falana, has urged the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to resign for “betraying the confidence reposed in her”. Falana, a Senior Advocate of Nigeria (SAN), in a statement on Sunday, urg...

January 7, 2024 No Responses

Dangote Reacts To EFCC’s Visit, To Submit More Documents

The Chairman of Dangote Group, Aliko Dangote has reiterated the Group’s commitment to provide the Economic and Financial Crimes Commission (EFCC) with all necessary information. Reacting to the ongoing investigation in a statement, Dangote said: “We have a...

January 6, 2024 No Responses

Tinubu Tasks Security Chiefs On Victory Against Insurgency

President Bola Tinubu has challenged the nation’s security chiefs to ensure that there is conclusive victory against the myriad of security threats assailing the country. Addressing security chiefs and heads of intelligence agencies at a Presidenti...

January 6, 2024 No Responses

Lagos Warns Against Sales Of Fake Drinks

The Lagos State government has cautioned entertainment centres within the state against sales and distribution of fake drinks. Mr Idris Aregbe, Special Adviser (SA) to Gov. Babajide Sanwo-Olu on Tourism, Arts and Culture, gave the warning in a statement i...

January 6, 2024 No Responses

Tesla Recalls 1.6m Cars

Tesla is recalling more than 1.6 million vehicles in China over issues with steering software and door-locking systems, the country’s regulator says. The recall includes its models S, X, 3 and Y, and 7,538 imported vehicles. The problems will be...

January 5, 2024 No Responses

LAGOS: RED LINE RAIL, OPEBI LINK BRIDGE, 15 JETTIES TO EASE TRAFFIC IN 2024

The Lagos State Government, through the Commissioner for Information and Strategy, Gbenga Omotoso has listed some iconic projects that will shape the face of commuting in Lagos State in the Year 2024. Some of the projects, according to the Commissioner...

January 5, 2024 No Responses

NGX, PenCom To Deepen PFAs Equity Participation With Pension Broad Index

Nigerian Exchange Limited in collaboration with the National Pension Commission (PenCom) launched the NGX Pension Broad Index (NGXPENBRD) on 15 June 2023, which provides a broader benchmark for equities investment by the pension industry. The NGX Pension...

January 4, 2024 No Responses

Customs Boss Tasks Personnel On N5.1Trillion Revenue Target For 2024

The Nigeria Customs Service (NCS) cannot afford to disappoint the country in realising its N5 trillion revenue target for 2024. Comptroller General, Adewale Adeniyi, said this shortly after decorating some promoted officers of the service on Thursday, in...

January 4, 2024 No Responses

Tinubu Appoints New Executive Directors For NPA, NIMASA

President Bola Tinubu has approved New Executive Directors for Nigerian Ports Authority (NPA):and Nigerian Maritime Administration and Safety Agency (NIMASA) under the Federal Ministry of Marine and Blue Economy: Nigerian Ports Authority (NPA): (A) Ms. Vivian ...

January 4, 2024 No Responses

Seplat Energy Completes ANOH Gas Plant

Seplat Energy Plc has announced that the ANOH gas plant installation works reached mechanical completion on 29th December 2023, in line with the revised timetable. A statement issued by the company on Wednesday explained that the milestone...

January 4, 2024 No Responses

No Increase in PMS Prices, NNPC Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. In a statement issued by Chief Corporate Communications Officer, NNPC Ltd, Olu...