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The ECOWAS Bank for Investment and Development (EBID) has appointed Dr Cassiel Forson, as the new Chairman of the bank. This is contained in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos. NAN reports that the appointment was made during the bank’s 23rd Ordinary Session held on April
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says the Tax Reform Bill will curb poverty and empower ordinary Nigerians. Oyedele made this known at the Spokespersons’ Summit, organised by the Nigerian Institute of Public Relations (NIPR) in Abuja. He expressed strong optimism about the sweeping changes the bill would bring,
The NGX market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion on Monday. Similarly, the All-Share Index (ASI) added 30.40 points or 0.03 per cent to close at 104,560.02, compared to 104,529.62 previously. However, market breadth closed negative, recording 29 decliners against 25 advancers. Northern Nigeria
President Bola Tinubu, on Tuesday, commissioned work to begin on the 65km Akwa Ibom section of the Lagos-Calabar Coastal Highway. Speaking during the ceremony at Nsit Atai, Tinubu reiterated the importance of the project, saying that it would bring economic development to Akwa Ibom. Represented by the Akwa Ibom Governor, Umo Eno, Tinubu said that
The Ministry of Marine and Blue Economy, Alhaji Adegboyega Oyetola, says the ministry is moving toward integrating road, rail and inland waterways connectivity to the ports.Adegboyega said this during the third Maritime Transportation Industry Breakfast on Wednesday in Lagos. The theme of the event is, “Prospects for Accelerated Growth and other Matters Arising”. Oyetola, represented
An economist, Dr. Yemi Kale, says Nigeria requires 40 per cent annual growth rate to cushion the potential negative impact of the United States’ (U.S.) recent tariff hike on its one trillion dollar economic growth vision.Kale, who is the Group Chief Economist and Managing Director, Research and Trade Intelligence, Afreximbank, said this on Wednesday in
The Nigerian Postal Services (NIPOST) has urged courier or logistics service providers to register with the service or face the wrath of the law. The State Postal Manager, Enugu State, Dr Chris Ashiedu, made the call while speaking with the News Agency of Nigeria (NAN) on Tuesday at the ongoing 36th Enugu International Trade Fair. The 10-day
The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, reversing several days of bearish trends, with a gain of N101 billion. The NGX market capitalisation rose by N101 billion or 0.15 per cent, closing at N65.589 trillion, up from N65.488 trillion on Monday. Similarly, the All-Share Index (ASI) increased by 159.88 points or 0.15 per cent,
The Federal Government says the Special Agro-Industrial Processing Zone (SAPZ), is a strategic milestone in its plan to industrialise Nigeria’s agriculture sector and create sustainable jobs across the country. Vice-President Kashim Shettima said this while performing the groundbreaking for the construction of Phase 1 of the SAPZ project in Kaduna on Tuesday. The SAPZ is
The Director General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, says the N5.51 trillion pension investment will boost the country’s real sector development. This is contained in a statement issued by the management of the commission in Abuja on Tuesday. The investments, she said, span infrastructure, private equity vehicles, real estate, and subnational
