Business/Economy

50,000 Households to Benefit from Access Bank Campaign CHIGOZIE AMADI No fewer than 50,000 households across the country will benefit from the Access Bank ‘Switch to Solar’ campaign targeted at supporting a transition to a low-carbon...

Transcorp Group Reports 114% Revenue Growth, Declares 10K Interim Dividend CHIGOZIE AMADI Transnational Corporation Plc (Transcorp Group), for the period ended June 30, 2024, reported a substantial 114 per cent increase in revenue, growing from N82.1...

‘Obaseki Empowering Citizens, Enhancing Transparency in Trade Practices’ CHIGOZIE AMADI Managing Director, Edo State Investment Promotion Office (ESIPO), Mr Kelvin Uwaibi, has said that the state Governor, Mr. Godwin Obaseki has prioritised the enhancement of digital...

Natasha Kicks against N4.2bn Personnel Cost for Moribund Ajaokuta Steel Workers CHIGOZIE AMADI The Senator representing Kogi Central Senatorial District, Senator Natasha Akpoti-Uduaghan, yesterday, described as unacceptable, the N4.2billion appropriated in the 2024 budget as personnel cost...

PTAD Pays N395.5bn to Next of Kins, Pensioners CHIGOZIE AMADI The Pension Transitional Arrangement Directorate (PTAD) yesterday disclosed that it has processed and paid a total sum of N395,559,795.09 as death benefits and gratuity to 238...

·    Food prices to stay elevated on weak domestic production ·    Fixed investment set to grow by 7.0% in 2024 ·    Economy to expand by muted 3%, 3.5% in 2025 CHIGOZIE AMADI Fitch Solutions has said Nigeria’s rising inflation, which hit...

BUA Cement to Increase Production Capacity to 20 Million Tonnes Per Annum CHIGOZIE AMADI Managing Director/Chief Executive, BUA Cement, Mr. Yusuf Binji, said the company has signed an agreement to expand its production line in Sokoto,...

.Wants president to raise oil production to 2.4m bpd, pay down debts, others  CHIGOZIE AMADI As the current economic situation in Nigeria keeps worsening and defiling government’s policy measures, the Senior Partner at the Olisa Agbakoba...

CBN Sells $148m to Authorised Dealers CHIGOZIE AMADI Central Bank of Nigeria (CBN) yesterday, disclosed that it sold a total of $148 million to Authorised Dealers Banks (ADBs) in the Nigerian Foreign Exchange Market (NFEM) to...

*Says debt service costs dipped from 97% to 68%  *Insists subsidy on PMS ‘technically gone’  *Govt set to float $500m dollar-denominated local bond   *Cites impediments to immediate implementation of Supreme Court verdict on local governments  CHIGOZIE AMADI Minister...