Economy
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Securing natural resources dominate Alake-led inter-ministerial parley
“We are here to deliberate on mainly the issue of security around Nigeria’s natural resources, as directed by the president. The president set up this committee. Solid minerals, marine economy, and forests all constitute Nigeria’s natural resources. So, all the relevant ministers are here to deliberate on how to efficiently and effectively curtail all the atrocious, nefarious activities of either…
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Dangote Petroleum Refinery registers MOMAN, IPMAN, DAPPMAN members for products distribution
Management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The associations are the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), the Independent Petroleum Marketers…
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CBN to hold first MPC meeting in 2024
The Central Bank of Nigeria (CBN) will hold its first Monetary Policy Committee (MPC) meeting on February 26th and 27th. This is according to a tentative MPC meeting calendar signed by the apex bank’s Director of MPD. According to the document, the bank will hold its second MPC meeting on the 25th and 26th of March, 2024. The CBN in…
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Customs to relaunch e-auction platform for bidding
The Nigeria Customs Service (NCS) has announced the relaunch of its e-auctioning platform for interested bidders. In a statement issued by the NCS spokesperson, Abdulliah Maiwada on Friday the agency said the action is in pursuit of its commitment to continuous improvement of the customs. It further said the move aligns with the guidelines outlined in the newly enacted Nigeria…
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FAAN defends decision to move headquarters from Abuja back to Lagos
The Federal Airports Authority of Nigeria (FAAN) has defended the decision to relocate its headquarters from Abuja to Lagos as directed by Minister of Aviation Festus Keyamo. In a statement on Thursday, FAAN noted that its original base was in Lagos before what it described as ill advised decision to relocate its headquarters to Abuja. in However, FAAN in a…
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FG moves FAAN headquarters to Lagos
Thefederal government has announced the relocation the Federal Airport Authority of Nigeria (FAAN) from the federal capital territory (FCT) in Abuja to Lagos. This was disclosed in a circular by the managing director and chief executive officer of FAAN, Olubunmi Kuku dated January 15, 2024. According to Kuku, the Minister of Aviation and Aerospace, Festus Keyamo, gave the directive to…
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WEF: Shettima urges African leaders to ramp up 3% of continents global GDP
Nigeria’s Vice President, Senator Kashim Shettima, has implored African leaders to work towards ramping up the total $3.1 trillion Gross Domestic Product (GDP) of countries on the continent, amounting to a paltry three percent of the overall global GDP. According to him, “the total Gross Domestic Product of African countries taken together is barely $3.1 Trillion, which is less than…
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Why AfCFTA must not be allowed to fail – Shettima
oos more foreign investors to Nigeria ays, policies in energy, digital, creative sectors make Nigeria investors’ delight The Vice President, Sen. Kashim Shettima, has said the need to increase intra-Africa trade currently put at 15% and its potential to raise the continent’s GDP are some of the compelling reasons why the African Continental Free Trade Area (AfCFTA) agreement must not…
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PHOTO NEWS: Okonjo-Iweala felicitates Macron for Global Statemanship award
Director General of World Trade Centre, Ngozi Okonjo-Iweala has taken her X handle to send her warm congratulations to the President of France, Emmanuel Macron for winning the World Economic Forum’s Global Statesman Award. World leaders, policy makers, business leaders, civil society activists including the French leaders are currently participating in the ongoing WEF summit. Okonjo-Iweala wrote on X: “Congratulations…
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BREAKING: NCC stops disconnection of Glo from MTN
The Nigerian Communications Commission (NCC) has halted the disconnection of Globacom Limited (Glo) by MTN Nigeria concerning interconnection debt. In a recent statement, the NCC revealed that both telecom companies have mutually committed to resolving all pending issues. This development follows the regulator’s earlier permission, granted almost two weeks ago, allowing MTN to initiate a phased disconnection of Glo starting…
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