Economy

...Higher, compared with what was realised in the same period in 2020 ...Positive difference of N226.1b The Nigeria Customs Service (NCS) has generated N799bn revenue between January and May 2021.The Public Relations Officer of…
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By Teddy Nwanunobi The Federal Government disclosed that it is making serious efforts to ensure Nigeria is prepared for a post-crude oil era.Minister of Science and Technology, Ogbonnaya Onu, said this in Abuja on Thursday at the…
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A leading energy company, Shell, Thursday, inaugurated a multi-billion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State Government, Vieux Manioc BV of the Netherlands, and the Embassy of The…
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Energy experts have held that the N250 billion gas expansion fund set up by the Central Bank of Nigeria (CBN) would push the consumption of the Liquefied Petroleum Gas, LPG, in the country to over five million metric tonnes, mmt, by the…
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Shareholders of 11 Plc have approved payment of N3.06 billion as cash dividend for the 2020 business year.At the company’s 43rd Annual General Meeting (AGM) at Transcorp Hilton, Abuja, shareholders approved a final dividend of N8.50…
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The Minister of State for Petroleum Resources, Timipre Sylva, has revealed that the Department of Petroleum Resources, DPR, rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee, FAAC, in…
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The International Monetary Fund, IMF, has warned of bankruptcies and closures of firms, unless policy makers adopt measures to keep businesses afloat, across the globe, in the face of the COVID-19 pandemic.Mr. Malhar Nabar, who heads…
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The House Of Representatives is set to legalise the use of Indian Hemp in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Okezie Kalu said this during a press conference on the benefits and…
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The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic.Vanguard reports, that the Bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its…
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By Teddy Nwanunobi Latin American country, Argentina, has expressed interest to partner with Nigeria in the area of gas.The Argentine Ambassador to Nigeria, His Excellency Alejandro Herrero, revealed his country's interest when he…
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