Economy

  • SEC Nigeria logo

    SEC commemorates seventh world investor week

    The Securities & Exchange Commission (SEC) in collaboration with the Financial Literacy Technical Committee (FLTC), has joined the rest of the world from Monday 20th – Friday 24th November, 2023 to celebrate the 7th edition of the World Investor Week (WIW) promoted by the International Organization of Securities Commissions (IOSCO). World Investor Week is a global initiative of the International…

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    Alake tours agencies, urges innovation in operations, internally generated revenue

    The Minister of Solid Minerals Development, Dr. Dele Alake has paid a maiden visit to agencies under the ministry, canvassing reforms and adherence to due process in line with the Renewed Hope agenda of the Tinubu administration. Speaking at his first port of call, the Mining Cadastral Office (MCO), the Minister lauded efforts of the agency as the custodian of…

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    Why FG should de-dollarised economy, financial experts advise

    In other for the naira to sustain momentum against the United States dollar, financial experts and analysts have called for the use and purchase of made in Nigeria goods as against foreign made goods. They also sought for an end to dollarising the economy, saying Nigeria spend about $40 billion yearly importing foods, paying school fee, health care treatment among…

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  • Ajaokuta Steel Company

    Works, Steel ministries to revive Ajaokuta Steel Plant for development of road infrastructure

    The Ministry of Works, and that of Steel Development have resolved to synergize and strategize in tapping into the opportunities in Ajaokuta Steel Plant for the development of road infrastructure in Nigeria. The ministries made the agreement following the outcome of their inter-ministerial meeting held on Tuesday at the Ministry of Works, Headquarters in Abuja. According to a statement issued…

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    Tinubu leads Nigeria to secure $500m renewable energy investment from Germany

    The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday. Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient democracy, Nigeria is well primed to attract foreign…

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    FG revokes 1,633 mining licences, reads riot act to illegal miners, vows clampdown

    The Federal Government has announced the revocation of 1,633 mining licenses due to default in payment of stipulated service fees by operators. The Minister of Solid Minerals Development, Dele Alake, made the announcement on Tuesday while addressing a press conference in his office. He stated that the revocation becomes imperative following the expiration of a 30-day notice to defaulters, as…

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    In negotiation with German Chancellor, Tinubu seeks Siemens’ support for power, rail

    President Bola Tinubu advanced negotiations with German investors on critical growth-enabling industries in energy, transportation, and electric power production, transmission, and distribution at the G20 Compact with Africa Economic Conference held in Berlin, the German capital, on Monday. In a statement signed on Monday, Ajuri Ngelale stated that President Tinubu’s economic engagement was greeted on the sidelines after he met…

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    Nigeria witnessed revenue growth after subsidy removal – Edun

    The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba at the opening ceremony of a four-day retreat organised for members of the Federation…

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    Ogun begins second phase disbursement of Abiodun’s N1bn grant to micro, small enterprises

    By Kolawole Olayinka, Abeokuta The Ogun State Government has commenced the second phase of the disbursement of the N1 billion grant to micro and small enterprises (MSEs). The initiative aims to alleviate poverty and mitigate the impact of COVID-19 on businesses in the state. Commissioner for Industry, Trade, and Investment and a member of the Ogun State COVID-19 Action Recovery…

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    Ekiti to contribute immensely to mining sector development – Alake

    Minister of Solid Minerals Development, Dele Alake, has stated Ekiti State will contribute significantly to the Federal Government’s quest to make solid minerals, a major revenue earner for the nation. Alake said this when he played host to Ekiti State Governor, Biodun Oyebanji, in his office. The minister cited the preponderance of natural resources, including solid minerals in Ekiti State.…

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