Africa’s largest indigenous conglomerate, Dangote Industries Limited, (Dangote Group), has disclosed that it paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s …
The Economy
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CAPITAL MARKET
UBA experiences unusual trade volume, records 2.7% early morning price rise
by The Economyby The EconomyUBA Plc on Friday trended positively in the equities market with share price uptick of 2.7% during early trading hours in Nigerian stock market. The Pan African lender share price …
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MONEY MARKET
Over-subscription: CBN rejects N1.2trn from OMO, Treasury Bills bids
by The Economyby The EconomyNigeria’s attractive short-term investment options continue to attract local and foreign investors into the financial market. Institutional investors, local banks, and asset managers’ appetite for fixed income assets maintained an …
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NEWS & PUBLIC ECONOMY
Ex-governor in EFCC net over alleged embezzlement of N700bn
by The Economyby The EconomyAn immediate past governor of one of the rich South-South states has been arrested by the Economic and Financial Crimes Commission (EFCC) over alleged N700 billion fraud. The Nigerian Economy …
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AGENCIES
ICPC lauds NAMA over ethics, anti-corruption performance index
by The Economyby The EconomyThe Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commended the Nigerian Airspace Management Agency (NAMA) for putting in place necessary structures and processes which promote efficiency and …
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The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange from a single authorised dealer per week. According to Dmarketforces …
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AGENCIES
MARAN hails Okaga’s appointment as Technical Adviser to Minister of Blue Economy
by The Economyby The EconomyThe Maritime Reporters Association of Nigeria (MARAN) has hailed the appointment of Dr. Charles Okaga as Technical Adviser to the Minister of Marine and Blue Economy, Adegboyega Oyetola. The President …
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West Africa’s largest container port operator, APM Terminals Apapa, has announced an award of university undergraduate scholarship to 45 students in its host community, the seaport city, Apapa, Lagos State, …
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AVIATION TRAVELS & HOSPITALITY
Setting The Records Straight: The truth about returned United Airline flight UAL 613– NAMA
by The Economyby The EconomyAgainst speculations and assumptions from by experts, the Nigerian Airspace Management Agency (NAMA), has provided further accurate details about the United Airline flight 613 which made a return-back to the …
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SHIPPING & TRADE
Sifax receives World Customs global recognition for exceptional service
by The Economyby The EconomyManager of Nigeria’s largest indigenous seaport cargo handling company, Sifax Group has expressed excitement over an international recognition by the World Customs Organisation (WCO) for rendering exceptional service to the …