Economy Archives — Page 8 of 247

January 23, 2025 No Responses

2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings

For the year 2025, the Nigerian stock market is poised for significant growth, Arthur Steven Asset Management Limited (ASAM) has protected with a 39 per cent return on the All-Share Index (ASI).According to Olatunde Amolegbe, Managing Director, ASAM and former...

January 23, 2025 No Responses

Bankit MFB Unfolds 2025 Expansion Agenda

January 23, 2025 No Responses

Alleged N33.8b Fraud: How I Received More Than N22b From Federal Ministry Of Power, By BDC Operator

The trial of former Minister of Power, Saleh Mamman continued on Wednesday, January 22, 2025 at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission, EFCC presenting its 8th witness, PW8....

January 23, 2025 No Responses

Seplat Energy To strengthen Partnership With Akwa Ibom State

Seplat Energy Plc is to partner Akwa Ibom State Government for sustainable development. This was disclosed during a courtesy visit to the State Governor, Pastor Umo Eno, by a Seplat delegation led by the Board Chairman, Senator Udo Udoma, in...

January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abu...

January 22, 2025 No Responses

GOC Commends Troops For Contributions To Increased Oil Production

The General Officer Commanding (GOC) of 6 Division, Nigerian Army (NA), Major General Jamal Abdussalam, has praised the efforts of his troops for significantly boosting oil production in the Niger Delta Region (NDR) over the past year.VIn his farewell address....

January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue. Presented at the Facts Behind the Rights Issue event, t...

January 22, 2025 No Responses

Portugal To Import More U.S., Nigerian LNG

PORTUGAL plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia. Environment Minister Maria da Graca Carvalho said on Tuesday that Portugal imported 49,141 gigawatt...

January 21, 2025 No Responses

NLNG Seeks Increased Partnership With NPA

As part of measures to provide the operational collaboration necessary to grow exports, Managing Director/CEO, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Monday received the Chief Executive Officer, Nigeria LNG, Dr. Phillip Mshelbila at NPA Head...

January 21, 2025 No Responses

NCC Okays 50% Tariff Hike For Telcos

The Nigerian Communications Commission (NCC) on Monday approved a 50% tariff increase for telecoms operators in the country. NCC Director, Public Affairs, Reuben Muoka in a statement explained that the price adjustment though lower than the “over 100% reques...

January 20, 2025 No Responses

Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others

An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million...

January 20, 2025 No Responses

MRS, Ardova, Heyden To Sell Dangote Petrol At ₦970/Litre

The management of Dangote Petroleum Refinery, on Sunday explained that the recent adjustment in ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices. The company in a statement i...

January 20, 2025 No Responses

SEC Sets January 31 Deadline For Registration Renewals

The Securities and Exchange Commission (SEC) has reminded Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025.The Commission said this in a circular issued recently to ask the operators to begin this...

January 19, 2025 No Responses

Ecobank Partners CreditCorp On Affordable Loans

Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans, according to Ecobank can be used to finance a variety of needs, including paying school fees, r...