The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy removal. A statement on Sunday by the Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the programmes consisted of the Presidential Conditional Grant …
Read More »Global Financial Transaction Receives a Boost with the Launch of Curnance Application
Curnance application has been described as an innovation that holds the promise of revolutionising the way individuals and businesses engage with finance. This was the consensus at the end of the launch of the application at an event in Johannesburg, South Africa that brought together leaders, innovators and stakeholders in …
Read More »Africa’s richest man under pressure as giant refinery nears production
If all goes to plan, Aliko Dangote, Nigeria’s most successful businessman and the richest person in Africa, is about to bring online a $20bn oil refinery outside Lagos that could transform the continent’s biggest economy. Nigerian billionaire Aliko Dangote faces accusations of unfair practices and a struggle to secure crude …
Read More »CAC and SMEDAN Partner to Catalyse SME Growth and Create 10000 Jobs
The Corporate Affairs Commission (CAC) is making arrangements to partner with the small and mediumEnterprises DevelopmentAgency of Nigeria (SMEDAN) to create 10,000 jobs, amongst others. This was revealed during a meeting between the Registrar-General of the CAC, Hussaini Ishaq Magaji, SAN, and the Director General, SMEDAN, Mr. Charles Odii. The …
Read More »Day Start-Rite School held 3rd Amaka Ndoma-Egba Memorial Lecture
By Michael Jegede The third edition of the Amaka Ndoma-Egba Memorial Lecture Series was held on November 18, 2023 at the premises of Start-Rite International School Abuja with the theme: Disruption and Transformation: Leadership in Disruptive Times. Amaka, late wife of former Senate Leader, Senator Victor Ndoma-Egba, who founded Start-Rite …
Read More »Naira drops to N956/$ as dollar supply falls by 46%
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according to data from the FMDQ Securities Exchange. Also, the turnover …
Read More »NNPCL ends fuel import Dec 2024, projects N4.5tn revenue
The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then. It also projected that the national oil firm would grow its revenue to N4.5tn at the end of 2023 …
Read More »Customs Oil&Gas FTZ Command Generates Over 22Billion in 10months
The PH Oil and Gas FTZ Command of the Nigeria Customs Service announced a revenue collection exceeding 22 billion naira over the past 10 months. Customs Area Controller, Comptroller Abubakar Umar, shared this achievement on 21 November 2023 at the Nigeria Customs Service PH Oil and Gas FTZ Command, Marble …
Read More »Import-Export Substitution: Bamanga Jada Commends Liberty Oil and Gas Free Zone.
“The activities of Liberty Oil and Gas Free Zone (LOGFZ) are in line with President Tinubu’s ambitious agenda of Substituting import with Export “ These were the words used by the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Bamanga Usman Jada to …
Read More »FCTA, Daewoo in Talks over Citing of 5-Star Hotel in Abuja
The FCT Minister, Mr. Nyesom Wike and the Chairman of Daewoo Engineering and Construction, Jung Won Ju, yesterday held talks on the prospect of investing in the tourism sector by citing a five-star hotel in Abuja. Jung was accompanied on the visit by the Managing Director, Daewoo E&C Nigeria, Taewon …
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