Economy Archives — Page 88 of 259

March 2, 2024 No Responses

Reps Invites NNPCL, NPA, NIMASA, FAAN, Others Over Concessions

The House of Representatives has invited Chief Executive Officers of the Nigerian National Petroleum Company (NNPC) Ltd and the Nigerian Port Authority (NPA) to discuss the oversight of Public-Private Partnerships (PPPs) and concessions dating back to 1999. The joint Committee...

March 2, 2024 No Responses

NLNG Seeks Increased LPG Awareness, Explains 493,000 Metric Tons For Nigerian market

Nigeria LNG Limited (NLNG) has called for increased consumer awareness, especially in rural areas, on the use of Liquified Petroleum Gas (LPG) to drive up utilisation and reduce associated risks from using biomass for cooking. Speaking at the 7th Nigeria...

March 1, 2024 No Responses

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...

March 1, 2024 No Responses

Owerri Customs Impounds N5.35b Contrabands In 2023

Between January and December, 2023, the Nigerian Customs Service (NCS), Federal Operations Unit (FOU), Zone C, Owerri, recovered N5.5billion from smugglers and fraudulent importers. A statement on Friday explained that the unit intercepted contraband from smug...

March 1, 2024 No Responses

Minister Inaugurates NCDMB Governing Council, Pledges To Increase Local Content Achievements

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under the Nigeria...

March 1, 2024 No Responses

NNPCL Advocates Collaborative War Room To Tackle Challenges Faced By Independent Producers

February 29, 2024 No Responses

Reps Probe Multichoice Over Alleged N1.8tri Unremitted Tax

The House of Representatives is set to probe the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV. The resolution followed the adoption of a motion by Rep. Saidu Abdullahi(APC-Niger) at plenary...

February 29, 2024 No Responses

NCC To Telecom Consumers: Link NIN-SIM To Ensure Security

As part of measures to ensure national security, the Nigeria Communications Commission (NCC) has urged Telecom Consumers to link their National Identification Number-Subscriber Identification Module (NIN-SIM). To this end, the Commission has directed all telec...

February 29, 2024 No Responses

NLNG Seeks Enhanced Digitalisation In The Nigerian Energy Sector

Nigeria LNG Limited (NLNG) has called on players in the Nigerian energy industry to draw insights from NLNG’s ongoing integration of digital technologies to improve operational efficiency, reduce emissions, increase revenue and remain competitive as it d...

February 28, 2024 No Responses

Air Peace Unveils London Flight Fares, Offers Return Economy For N1.2m

Air Peace has gone live with its flight schedules for its London service billed to commence on March 30, 2024, with unbeatable fares. The airline disclosed this on Wednesday, February 28, 2024, in a press statement obtained by City Business...

February 28, 2024 No Responses

Firm Cultivates 2,000 Hectares Of Oil Palm In Edo

The Managing Director, Bravag Nigeria Limited, Mr. Erhunse Oviawe, has explained that through reforms in the Edo State Oil Palm Programme (ESOPP), his company has developed 2000 hectares farm estate and is now exporting Fresh Fruit Bunches (FFB) to other...

February 27, 2024 No Responses

Market Capitalisation Drops By N51billion

The market capitalisation of the Nigerian Exchange Ltd. (NGX) Monday dropped by N51 billion. Specifically, the market capitalisation opened at N55.861 trillion to close at N55.810 trillion, representing 0.09 per cent decrease.The All-Share Index also dropped b...

February 27, 2024 No Responses

FEC Approves Implementation Of Oronsaye Report

The Federal Executive Council (FEC) has approved the full implementation of the Stephen Oronsaye Panel report to merge some parastatals, agencies, and some commissions, while others will be subsumed, scrapped or relocated. The decision was made at the FEC meet...

February 27, 2024 No Responses

Labour Insists On Nationwide Protest

The meeting between the Federal Government and Organised Labour on Monday at the State House in Abuja ended in a stalemate. Speaking after the meeting on Monday night, President of the Nigeria Labour Congress (NLC), Joe Ajaero, said:“The rally goes...