Economy Archives — Page 87 of 260

March 7, 2024 No Responses

Tinubu Signs Executive Orders For Oil, Gas Investments

President Bola Tinubu has signed an executive order to improve the investment climate and position of Nigeria as the preferred investment destination for the oil and gas sector in Africa. This is in keeping with his commitment to remove obstacles...

March 7, 2024 No Responses

NCDMB Host Oil Industry Players, Academia, On Research, Innovation Imperatives

Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and...

March 6, 2024 No Responses

NIMASA, Firm Seal Data Exchange MoU

The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with Sternula Denmark on full-scale Very High Frequency (VHF) Data Exchange System (VDES) space capabilities between the Agency and Sternul...

March 6, 2024 No Responses

Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era

Against the backdrop of the migration of Nigerian professionals, commonly regarded as ‘japa syndrome’ to developed countries of the world, a human resource expert, Hilda Kabushenga, CEO, The African Talent Company, has said though the factors are beyond or...

March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...

March 5, 2024 No Responses

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion. The Group experienced a...

March 5, 2024 No Responses

NADDC Boss Harps On CNG Benefits, Agenda

Compressed Natural Gas (CNG) will create more jobs and wealth for Nigerians, Director-General, National Automotive Design and Development Council (NADDC), My Joseph Osanipin, reiterated on Monday. The NADDC DG stated this at the Critique/Validation ...

March 5, 2024 No Responses

Obaseki Faults CBN’s New Monetary Policy

The Governor of Edo State, Godwin Obaseki, has faulted the Central Bank of Nigeria for raising the Monetary Policy Rate by 22.75 per cent. Obaseki contended that the decision is not the answer to the ongoing economic challenges in the...

March 4, 2024 No Responses

Nigeria Signs Multi-Sectoral Agreements With Qatar

President Bola Tinubu on Sunday witnessed the signing of agreements between Nigeria and Qatar in various sectors of the economy. Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement, said the signing, which...

March 4, 2024 No Responses

AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize, Cassava, Soyabeans

The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, it president, Dr Akinwunmi Adesina, said on Saturday after visiting...

March 3, 2024 No Responses

Experts Propose Advancing AfCFTA Implementation As Theme Of Next Conference Of Ministers

The next Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM2025) will be held in Ethiopia in March 2025. A statement issued on Sunday explained that at the closing of the Experts Segment of...

March 3, 2024 No Responses

FG Approves 90-Day Window For Payment Of Duty On Improperly Imported Vehicles

To enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Minister of Finance and Coordinating Minister of the Economy, has announced a 90-day window for regularizing import duties on specific ca...

March 3, 2024 No Responses

FG Pledges Mineral Data To Aid Qattari Businessmen

Comprehensive data on the pattern and quantity of energy mineral Lithium are available at the Nigerian Geological Survey Agency for businesses interested in establishing lithium companies in Nigeria.Solid Minerals Development Minister Dr. Oladele Alake made th...

March 3, 2024 No Responses

Port Harcourt-Aba Train Services Begin Operation In March

The train services on Port Harcourt to Aba route will start operation by the end of March, 2024. The Port Harcourt-Aba rail project is part of the larger Port Harcourt-Maiduguri railroad project initiated by President Muhammadu Buhari’s administration. Mr Fi...