Economy
-
PHOTO NEWS: Alake leads FG delegation to bilateral meeting in Saudi Arabia
Minister of Solid Minerals Development, Dr. Dele Alake led the Nigerian delegation to a bilateral meeting with the Saudi Arabia Minister of Industry and Mineral Resources, Bandar AlKhorayef, alongside the Vice-Minister, Mining Affairs, Eng. Khaled AlMudifer on the sidelines of the Future Minerals Forum (FMF) in Riyadh, Saudi Arabia. 8th January, 2024.
Read More » -
Human capital development critical in repositioning NASENI –Halilu
The Executive Vice Chairman/Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has stated that investing in human capital development and staff motivation remain the best ways of repositioning the Agency into a power-house of Science, Technology and Innovation (STI) at the global scene. In his keynote address, at the opening ceremony…
Read More » -
CBN settles additional $61.54m forwards with banks
In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has recently disbursed approximately $61.64 million to foreign airlines through various banks. This initiative is part of the CBN’s efforts to decrease its remaining liability to the airlines. This information was confirmed by the Acting…
Read More » -
Customs Ogun II releases bullion van used for Smuggling, generates N2bn in November 2023
The Nigeria Customs Service, Ogun II Area Command, has released a detained bullion van with N24.489.500.00 belonging to Access Bank Plc in Abeokuta. The said bullion van was impounded in April 2022 for being involved in the smuggling of foreign parboiled rice at the Olorunda area of the state by men and officers of the joint border patrol team. The…
Read More » -
Dangote debunks FX wrongdoing, says EFCC raid cause unwarranted embarrassment
Dangote group says to its knowledge, no accusation of wrong-going has so far been made against of the companies in the group despite the show-stopping raid on the conglomerate’s Lagos headquarters on Friday. In a one-page statement in Lagos at the weekend the group said, the company’s representatives were still at the Economic and Financial Crimes Commission (EFCC) office to…
Read More » -
BREAKING: Equities market gains N2.7trn in first four trading days of 2024
The equities market of the Nigerian Exchange Limited (NGX) gained N2.7trillion in first four-day trading activities of 2024 to sustained its positive momentum from 2023 rally. Specifically, the overall equities market capitalisation closed on Friday at N43.593 trillion, gaining N2.7trillion or 6.54per cent from N40.917 trillion it opened for trading in 2024. Consequently, the NGX All-Share Index increased to historic…
Read More » -
BREAKING: Lagos Assembly passes N2.26trn 2024 Appropriation Bill
Members of the Lagos State House of Assembly on Friday passed a total budget size of N2,267,976,120,869 for the 2024 fiscal year. The Capital Expenditure in the budget increased to 58 percent while 42 percent Recurrent Expenditure was approved by the lawmakers. The lawmakers approved the issuance and appropriation of N952,430,566,998 from the Consolidated Revenue Fund for Recurrent Expenditure and…
Read More » -
Oil & gas veteran, Babajide Agunbiade, joins Mobihealth Board of Directors
Houston-based Dr. Babajide Agunbiade (FNSE), an oil and gas veteran and one of the world’s leading offshoreproduction experts has joined the Mobihealth Board of Directors. Dr. Agunbiade is a highly respected engineer, investor, businessman, and Chief Executive of Alpha Energy Resources, a diversified conglomerate with interests in offshore production and mining. He was a one-time executive director for Houston-based National…
Read More » -
EFCC raid Dangote office, probe 51 other companies over forex transactions
The Economic and Financial Crimes Commission (EFCC) has stormed the head office of Dangote Group in Lagos and asked for documents on their foreign exchange transactions in the last decade. The EFCC operatives raided the head office of Dangote Group in Lagos on Monday and demanded documents on their forex transactions in the past 10 years. Operatives of the EFCC…
Read More » -
Customs CG decorates 2 ACGs, comptrollers, others, charges them to redouble efforts
Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi on Thursday, decorated recently appointed Assistant Comptrollers-General (ACGs), Comptrollers, and other senior officers. The ceremony comes shortly after the Nigeria Customs Service (NCS) announced the appointment of ACG Florence Nano Ogar-Modey and ACG Queen Ogbudu and the promotion of 2,209 senior officers. The occasion, attended by the NCS Management Team and family members…
Read More »
