By Chris Mark The Organisation of Oil Exporting Countries (OPEC) has handed pass marks to Nigeria and other member countries over their conformity with the crude oil production quota for November and December 2024. The evaluation, which was carried out during the 58th Meeting of the OPEC Joint Ministerial Monitoring Committee (JMMC), showed that OPEC…
Kebbi Budgets N580.33bn For 2025 By Jameel Gulma, Kebbi Kebbi State Govenror, Dr Nasir Idris, Kauran Gwandu on Wednesday, presented the state’s proposed 2025 budget amounting to over N580.33 billion. The Kauran Gwandu said that the 2025 budget was tagged, “Economic and Infrastructural Consolidation ”. According to the governor, among other sources, the budget…
Tinubu Boasts of His Economic Policies As He Presents The 2025 Appropriation Bill Shalom Oludele President Bola Ahmed Tinubu has boasted of his economic policies, saying indicators have proven that the economy is responding positively to stimulus. Tinubu, who said this while presenting the 2024 budget on Wednesday before a joint session of the…
Breaking News: 2025 Budget Proposal: N15.8trn Allocated For Debt Servicing, Security, N4.91trn By Shalom Oludele A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in…
2024 Budget Will Extend Into Mid 2025 –Akpabio By Shalom Oludele The Senate President, Senator Godswill Akpabio has said that the 2024 budget will be extended to June 2025. He made this known in his opening remark during the 2025 Appropriation Bill presentation by President Bola Ahmed Tinubu to the joint sitting of the National…
$1trn economy: SEC DG lists factor constraining capital market’s potential By Shalom Oludele Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at…
NGX loses N69bn as sell-offs hit Oando, Dangote Sugar, Nestle The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12…
Bayelsa To Set Up Marine Safety Task Force, Create Fish Litireso aafirika OAU …Stakeholders Hail Blue E conomy Draft Policy Chris Mark, Bayelsa. As part of efforts to ramp up safety on waterways as well as harness its blue economy potential, Bayelsa State would establish a marine safety task force and create economic zones, to…
Reps C’ttee Expresses Concern Over The Ownership Of Infrastructure Bank By Saheed Badmus The House of Representatives Committee on Urban Development has expressed concern over the ownership of the Infrastructure Bank Plc, responsible for providing financial solutions to support key long term infrastructure projects. The committee expressed its concern during an…
Expansion of Chevron In Nigeria Will Increase Economic Development, Says Minister of Petroleum Resources The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Chevron’s continued commitment and expansion in Nigeria will not only bolster the nation’s energy security but will also further the country’s economic development goals. He, therefore, encouraged…
