Economy Archives — Page 78 of 187

January 6, 2023 No Responses

DMO: Alarm Over National Debt Unnecessary

The alarm created around the country’s projected public debt by a segment of the media was unnecessary, the Debt Management Office (DMO), said on Thursday. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by...

January 3, 2023 No Responses

DMO Announces 2023 First Offer

The Debt Management Office (DMO) on Monday announced the issuance of its first bonds for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for a subscription. According to a statement by the DMO, one is a two-year FGN Savings...

December 30, 2022 No Responses

FG Reappoints Adeyeye As NAFDAC DG

President Muhammadu Buhari has renewed the appointment of Professor Mojisola Adeyeye as the Director-General of National Agency for Food and Drug Administration and Control (NAFDAC) with effect from December 1, 2022 for the second and final tenure of five year...

December 30, 2022 No Responses

Ajaokuta Steel To Generate $1.6b, 500,000 Jobs

Ajaokuta Steel Complex will generate $1.6b annually and provide 500,000 jobs for Nigerian youths, President Muhammadu Buhari has said. Malam Garba Shehu, the Presidential spokesperson in a statement, explained aid that Buhari said this at the Palace of t...

December 29, 2022 No Responses

NGX Extends Bullish Run, Indices Up 0.46%

The Nigerian Exchange (NGX) on Wednesday extended its bullish trend with market capitalisation rising by N125 billion or 0.46 per cent to close at N27.198 trillion from N27.073 on Friday. Also, the All-Share Index (ASI) gained 228.51 points or 0.46...

December 23, 2022 No Responses

Performance Indicators On NGX Up 0.05%

Bullish sentiment continued at the stock market of the Nigerian Exchange Ltd.(NGX) as the performance indices recorded 0.05 per cent to close at 49,499.43 points. Specifically, the All-Share Index (ASI), which rose by 0.05 per cent, gained 24...

December 22, 2022 No Responses

Edo To Empower 500,000 Poultry Farmers

Edo State Government said it would, in collaboration with Amo Farm Sieberer Hatchery Limited and Heifer International, empower 500,000 smallholder poultry farmers by 2030 through improved poultry production practices. The state governor, Mr Godwin Obasek...

December 22, 2022 No Responses

NCDMB Seeks Agenda-Driven Partnership On Research Development

The Nigerian Content Development and Monitoring Board (NCDMB) has called for an agenda-driven partnership to achieve common vision on Research and Development (R&D) delivery in the oil and gas industry. The Board emphasised the need to attract sustainabl...

December 21, 2022 No Responses

Nigeria, Germany Strengthen Collaborations On Climate, Energy Transition

The Federal Government of Nigeria and the government of Germany have pledged commitments to deepen bilateral ties, meet the energy transition target, tackle climate crises and strengthen collaborations across all sectors. Minister of Foreign Affairs, Geo...

December 20, 2022 No Responses

Dangote Cement Rolls Out CSR Projects In Host Communities

Dangote Cement Plc, Ibese Plant, has launched a multi-million naira project for its 17 host communities as part of its Corporate Social Responsibility (CSR) initiative. A statement issued by the Group Chief Branding and Communication, Dangote Industries ...

December 19, 2022 No Responses

SEC Approves NGX Technology Board Listing Rules

By Moses Ebosele, ebosele@hotmail.com — The Securities and Exchange Commission (SEC) has approved Rules for Listing on NGX Technology Board. The NGX Technology Board is a specialised platform for technology-based companies to...

December 18, 2022 No Responses

FG Empowers 415 Women, Youths

The Federal Government has empowered 415 youths and women in Niger Delta states in agriculture, information communication technology (ICT) and entrepreneurship. Minister of Niger Delta, Mr Umana Umana, made the disclosure at the graduation ceremony...

December 17, 2022 No Responses

Buhari Urges American Investors To Invest In Nigeria

Nigeria remains the best destination for American investors to put their money, President Muhammadu Buhari has said. Buhari explained that aside the population advantage in size and demography, various incentives and policies emplaced by the Nigerian Gov...

December 16, 2022 No Responses

Minister Urges Agencies To Strengthen Port Compliance

The Minister of Transportation, Mu’azu Sambo, has urged agencies to strengthen compliance functions to sustain and maintain standards in the ports. Sambo gave the advice at the Convention on Business Integrity (CBi), and Maritime Anti-Corruption Netwo...