The Maritime Reporters Association of Nigeria (MARAN) has decried the sheer waste of two modern anti-smuggling boats valued at N180 billion, now idling away since they were acquired by the Nigeria Customs Service (NCS) several years ago. the association considered as One of the critical stakeholders in the Nigerian maritime industry, the association In an open letter to the new …

In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria, the world’s second largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited President Tinubu to ring the closing bell, making him the first African President to ever receive the honour. The …

The Secretary to the Government of the Federation (SGF), Senator George Akume has solicited the support and understanding of all and sundry to get the nation’s economy out of the doldrums. At the Nigerian Institute of Management Chartered (NIM) 2023 Annual National Management Conference on Monday in Lagos, Akume, represented by his Senior Special Adviser, Dr. Dapo Oyedemi noted that …

President Bola Tinubu has appointed the Chief Executive Officer of Global Analytics Consulting, Mr. Tope Fasua, as Special Adviser on Economic Affairs in the office of the Vice President. Fasua announced his appointment via his verified X handle on Friday night. “So, yours truly has been appointed Special Adviser to the President on Economic Affairs in the VP’s office. Just …

Nigeria’s debt servicing spending declined by 43.04 per cent in the second quarter of 2023 with N849.58 billion in the second quarter of 2023 as against N1.49 trillion in Q1 2023. According to data obtained by The PUNCH from the Debt Management Office (DMO), between January and March 2023, Nigeria spent N874.13 billion on domestic debt servicing, while $801.36 million …

The Ministry of Solid Minerals Development will work with governors to harness mineral resources for maximum socio-economic development of the country. Receiving  Nasarawa State Governor, Engr. Abdullahi Sule, who was on a courtesy visit to his office in Abuja on Thursday, the Minister of Solid Minerals Development, Mr. Dele Alake said that the Ministry is determined and committed to harness …

Katsina State Governor, Dr. Dikko Radda has signed over ₦300.6 billion 2023 Supplementary Budget into law. In a statement on Sunday, the governor’s Chief Press Secretary, Ibrahim Kaula Mohammed said the supplementary budget would be deployed to combat insecurity, reduce poverty, and extend assistance to less-privileged individuals across the state. He said the supplementary budget was presented last Friday to …

The Nigerian Economic Summit Group (NESG) has anchored its 29th summit (NES 29) on ‘Pathways for Sustainable Economic Transformation and Inclusion’, in light of the urgency of translating economic growth into improved and sustainable living standards for all citizens. This year’s summit theme hints at Nigeria’s potential for sustainable development, leveraging innovative policies, robust institutions, strategic infrastructural investments, and human …

Nigerian professionals in the solid minerals sector will soon travel to Australia for more studies, thanks to a deal brokered on Wednesday in Perth, Australia by the Minister of Solid Minerals, Mr. Dele Alake. Presenting the request to Western Australia’s Minister for Mines and Petroleum; Energy; Hydrogen Industry; and Industrial Relations, Hon. Bill Johnston, on a courtesy visit, Alake acknowledged …

Vice President, Kashim Shettima, on Tuesday, said President Bola Tinubu’s economic decisions in the past 100 days in office are yielding positive results. Shettima made the assertion to a cross-section of stakeholders in the banking and finance sector at the opening of the 16th Annual Banking and Finance Conference themed, ‘Nigeria’s Economic Growth and Empowerment: The Role of The Financial …