Economy Archives — Page 90 of 231

October 4, 2023 No Responses

FG Opens N150b Offers For Sukuk Bonds

The Federal government through the Debt Management Office (DMO) has opened offers for subscriptions for 10 years of Ijarah Sukuk at 15.75% interest per annum due in October 2033. DMO explained on Tuesday that the subscription period is billed to...

October 3, 2023 No Responses

OPEC Chief Warns Of Prolonged High Prices

The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market....

October 3, 2023 No Responses

NLC, TUC Suspend Strike

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Monday suspended the planned indefinite nationwide strike, which was scheduled to commence on Tuesday, October 3, 2023. This followed the meeting between the leaders of organized labour a...

October 3, 2023 No Responses

Unlocking Prosperity: NGX Group’s Efforts In Bridging The Financial Literacy Gap

By Clifford Akpolo — Within the intricate landscape of Nigeria’s economic future lies a critical divide that demands the attention of all stakeholders — the chasm of financial literacy. In a nation with boundless aspirations, the sobering realit...

October 2, 2023 No Responses

Again, Ecobank Alerts Customers On Sim Card Fraud

Ecobank has once again, raised alarm on the dangers of SIM swap fraud, stressing that fraudsters could use it to impersonate them. In a message to customers via email, the bank explained that SIM swap fraud occurs when scammers use...

October 2, 2023 No Responses

Edo To Review N40,000 Minimum Wage

The Edo State Governor, Mr. Godwin Obaseki, has said his administration has begun to review the N40,000 minimum wage to the State workers. This is with a view to further increasing it as part of measures to cushion the impact...

October 2, 2023 No Responses

Tinubu’s 63rd Independence Day Address

Dear Compatriots, It is my unique honour to address you on this day, the 63rd anniversary of our nation’s independence, both as the President of our dear country and, simply, as a fellow Nigerian.On this solemn yet hopeful day, let...

October 1, 2023 No Responses

NDDC Trains 185 Youths On Empowerment Scheme

The Niger Delta Development Commission (NDDC) has trained 185 collation officers across the nine states of the Niger Delta region to create awareness in the rural communities for its youth development scheme, tagged: Holistic Opportunity Projects of Engag...

October 1, 2023 No Responses

Firm Takes Delivery Of 3rd LNG Carrier

Japanese shipping company K Line has taken delivery of the newly-built W-Max class liquefied natural gas (LNG) carrier, Lagenda Setia, intended for a long-term charter with Malaysian energy major Petronas LNG. The Chinese shipbuilder Hudong-Zhonghua Shipbuildi...

September 30, 2023 No Responses

FG, States, LGCs Share N1.1tri For August

THE Federation Account Allocation Committee (FAAC) has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August. This is contained in a communiqué issued by the FAAC at its September meeting. The...

September 30, 2023 No Responses

Onyema Bags Doctorate Degree

The Chairman of Air Peace, Barrister Allen Onyema, has been conferred with a Doctor of Management Science by the Nigerian Defence Academy, Kaduna. Onyema received the honorary academic degree at the 33rd Convocation Ceremony of the Academy on September 28,...

September 29, 2023 No Responses

Presco’s Shareholders Get N8.6b Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com Shareholders of Presco Plc have approved payment of final dividend of 660 kobo per share, indicating N6.6billion for the year ended December 31, 2022. The Company had paid an interim dividend of 200kobo pe...

September 29, 2023 No Responses

Oil Prices Fall As Russia, Saudi Arabia Boost Supply

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Reuters report that Brent.....

September 29, 2023 No Responses

Blue Economy Can Help Nigeria Defeat Poverty, Says Prof Pauli

The creator of Blue Economy, Prof Gunter Pauli, who hailed President Bola Tinubu for creating the Ministry of Marine and Blue Economy said the policy was overdue considering the abundant opportunities in Nigeria, but, warned that the government must aggressive...