Economy
-
OGSG, Aviation Ministry, others to meet on Gateway Agro-Cargo airport concessioning
By Kolawole Olayinka, Abeokuta The Ogun state government, Federal Ministry of Aviation, and other stakeholders will on Tuesday (Tommorrow) meet to discuss the concessioning of the Gateway Agro-Cargo International Airport. The airport, located in the Iperu-Ilishan axis of the state, is nearing completion with aircraft already landing at the location. The Ogun State Governor, Prince Dapo Abiodun speaking on a…
Read More » -
FG welcomes Mexican investors, restates incentives to boost mining
Minister of Solid Minerals Development, Dr Oladele Alake has praised the decision of investors from the Republic of Chile to visit Nigeria in search of investment in solid minerals. Welcoming the investors to his office recently, Alake said the administration of President Bola Tinubu has put in place incentives to ease business for investors in the industry. The incentives include…
Read More » -
ECN DG pledges to harness Nigeria’s energy potential
The Director General of the Energy Commission of Nigeria (ECN) Dr Mustapha Abdullahi has reaffirmed the resolve of the commission to harness the country’s potentials in the field of energy for the greater good of the country. He made the pledge at a roundtable discussion on renewable energy and related issues with Vice President Kashim Shettima on friday at the…
Read More » -
With the right policy measures, Nigeria can overcome macroeconomy challenges, says Cardoso
Adopting the right policy measures, the governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso on Friday evening said Nigeria can overcome macroeconomy challenges and pave the way for progress and prosperity. Cardoso speaking to the banking community at the 58th annual Bankers’ Dinner and 60th Anniversary.of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, highlighted these challenges…
Read More » -
$1trn GDP: Banks to increase capital base, says Cardoso
In a move to remain liquid and do business, the governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that Nigeria’s banks are to increase their capital base as the federal government led by President Bola Tinubu targets the $1trillion Gross Domestic Product (GDP) within the next three years. President Tinubu had set an ambitious target of growing…
Read More » -
Sanwo-Olu commissions new manufacturing factory in Ikeja
…..pledges more incentives for business By Adeola Ogunrinde Lagos State Governor, Mr Babajide Sanwo-Olu, on Friday, commissioned a new manufacturing factory in Ikeja Industrial Estate. Sanwo-Olu reiterated his administration’s commitment to reforms and economic incentives that would improve ease of doing business and enhance investment opportunities. The Governor said he would continue to pursue actions that would eliminate red tapism…
Read More » -
Nigeria’s Gross Domestic Product grew by 2.54% in Q3 2023, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 2.54per cent (year-on-year) in real terms in the third quarter (Q3) of 2023. This growth rate is higher than the 2.25per cent recorded in the Q3 2022 and higher than the Q2 2023 growth of 2.51per cent, according to NBS report. The report…
Read More » -
NNPC Ltd to stop petrol importation by December 2024
The NNPC Limited has announced its plan to stop importing refined petroleum products by December 2024. The company’s group chief executive officer, Mele Kyari, disclosed this at a meeting with the speaker of the house of representatives, Tajudeen Abbas. He was accompanied by a delegation of the company’s senior management team. Kyari said the NNPC would revive all the refineries…
Read More » -
Soludo: Tinubu inherited a dead economy, CBN violated the law by printing money
The governor of Anambra State, Prof Charles Soludo, has said that the current administration led by President Bola Tinubu inherited a dead economy He made this remark on Thursday on Channels Television’s Politics Today programme, where he also criticised the policies of the Central Bank of Nigeria (CBN). Soludo, who was the CBN governor from 2004 to 2009, said that…
Read More » -
Don underscores material, metallurgical engineering role in economic growth
By Mosunmola Ayobami,Ilorin A professor of Materials and Metallurgical Engineering in University of Ilorin, Professor Jamiu Odusote, has emphasized the crucial role of materials and metallurgical engineering in the economic growth of any nation. Odusote said it is important to provide necessary tools and environment for the materials scientists and engineers to develop wide range of materials for the economic…
Read More »
Follow our WhatsApp Channel