Economy
-
Nigeria’s fuel subsidy removal squeezes European refiners as petrol demand shrinks
Europe’s petrol market, one of the continent’s primary outlets for fuel exports, is experiencing a substantial contraction following recent developments in Nigeria. The removal of fuel subsidies in Nigeria has triggered a notable decline in domestic demand, affecting the regional market for smuggled fuel. Traditionally, North America and West Africa (WAF), with Nigeria as a key player, have been the…
Read More » -
Shettima restates FG’s commitment to reviving ALSCON
The Vice President, Sen. Kashim Shettima has restated the determination of the Bola Tinubu administration to revive the Aluminium Smelter Company of Nigeria (ALSCON), particularly by engaging with key stakeholders in the industry. Shettima stated this on Friday at a meeting with the management of Russian Aluminium Company – UC RUSAL and other stakeholders in the project, on the sideline…
Read More » -
Lagos will partner Customs for ports turnaround – Sanwo-Olu
Lagos State Governor, Mr. Babajide Sanwo-Olu, has reiterated his administration’s commitment to making Lagos a business destination for as many investors as possible to improve the economic prosperity of the state. He said the Lagos State government will continue to partner with the Nigeria Customs Service to ensure turnaround for the ports in the state to be globally competitive and…
Read More » -
Lamido of Adamawa commends NCC’s Consumer Protection Initiatives
The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa State. Kakakin Adamawa, Prof. Abubakar Tahir, who represented Lamido Adamawa at the Consumer Conversation programme of the Commission with the theme: “Know…
Read More » -
Panellists to discuss digital culture, democracy at unveiling of book on cyber politics
A panel is set to discuss the implications of digital culture for democracy during the public presentation of a book by the Head of Media Relations at the Nigerian Communications Commission (NCC), Omoniyi Ibietan, on Tuesday, 25 July 2023, the publishers of the book have said. The panel discussion will follow the review of Cyber Politics: Social Media, Social Demography…
Read More » -
Foreign transactions on NGX rise to N145.1bn in H1 2023
Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors at the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the first six months (H1) of 2023. This is according to the recently released data on domestic and foreign portfolio investment report in Nigeria’s equity trading…
Read More » -
Nigerians’ll reap economic gains of Tinubu’s reforms in Q1 2024 – Rewane
The Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane has said that the gains of the present reforms in the economy by President Bola Tinubu will manifest in the first quarter of 2024. Rewane said this on Saturday, while speaking on Arise News TV programme, even as he said that there will be more pains this year as a…
Read More » -
Lagos residents demand palliatives to ease high cost of living
Some residents of Lagos State have called on the Federal Government to urgently implement adequate palliative measures to alleviate the present high cost of living being experienced by Nigerians. Recently, the fuel pump price rose from an average of N500 per litre to N617 per litre at petrol stations, owned by Nigeria National Petroleum Company, Ltd. In an interview with…
Read More » -
NEC backs planned grain, fertiliser distribution over subsidy removal
The National Economic Council (NEC) has thrown its weight behind the planned distribution of grains and fertilizer to Nigerians by the Federal Government through the Central Bank of Nigeria (CBN) to mitigate the impact of the removal of petrol subsidy on citizens. The decision was part of the resolutions reached at the 4th meeting of the Council chaired by Vice…
Read More » -
We will transform Nigeria into Africa’s culture, creative capital – Hannatu Musawa
Special Adviser to the President on Culture and Entertainment Economy, Hannatu Musa Musawa, has said the administration of President Bola Tinubu will transform the country into Africa’s culture and creative capital. Musawa made this known while addressing a press briefing on Thursday. According to her, President Tinubu’s plan is to double the national economy to $1tn within eight years. She…
Read More »
Follow our WhatsApp Channel