Standards Are Critical For Industrialisation, Says SON DG

Standards Are Critical For Industrialisation, Says SON DG

By Oluwakemi Kindness The Standards Organisation of Nigeria (SON) has called on all stakeholders to prioritise the implementation of standards in their respective fields for National Development. This is according to the Director-General of SON, Dr. Ifeanyi Okeke, who stated this during a walk by the SON to commemorate the 2024 World Standards Day in Abuja on Saturday. He stressed that standards are the bedrock for industrialisation. “Standardisation is not […]

October 12, 2024 8 4

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Business

NEPZA licences $150m investment portfolio Free Zone in FCT

By Oluwakemi kindness The Nigeria Export Processing Zones Authority (NEPZA) has again boosted the country’s manufacturing and export indexes with the licencing of Abuja Industrial Park (ZEBERCED) Free Zone with initial one hundred and fifty million U.S dollar investment portfolio. Managing Director of NEPZA, Dr. Olufemi Ogunyemi, in a remark, while handing over the Operating Licence to the Turkish owners of the private zone, revealed that the new business ecosystem […]

September 11, 2024 11 3

Business

Federal Government launches five hundred million dollars bond

Written by Oluwakemi Kindness The Federal Government of Nigeria has launched a five hundred dollar million domestic bond, marking a significant milestone in the country's economic reform and development journey. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who stated this while unveiling the Series I five hundred million dollars Domestic Federal Government of Nigeria U.S Dollar Bond in Lagos, said the launch is a bold […]

August 16, 2024 43

Business

Norrenberger Group Says President Tinubu’s Reforms Are Paying Off.

Economic outlook for the second half of 2024 shows that ongoing reforms by the President Tinubu led government are beginning to yield results as seen with cases of improved trade balance, Increased FAAC allocations, Surge in Capital imports, Increased Foreign Reserves and Exchange rate convergence. This is according to the Norrenberger group, which also admitted that the reforms left Nigerians with High prices, Insecurity, Increased poverty, Depreciating currencies and High […]

July 26, 2024 13

Business

CBN RAISES INTEREST RATE TO 27.65 PER CENT.

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish stance to tame inflation since it resumed meeting this year and thus far, it has […]

July 23, 2024 11

Business

HOUSE OF REPRESENTATIVES TELLS PARTIES IN ONGOING PETROLEUM SECTOR DISPUTES TO CEASE-FIRE AS PROBE COMMENCES

The House of Representatives on Monday called on all parties involved in the ongoing disputes in the petroleum sector to cease fire pending the outcome of its investigations. The House at the plenary on July 9 constituted a Joint Petroleum Committees on Midstream and Downstream sectors to conduct a forensic investigation towards addressing the pressing issues within Nigeria's energy sector following the faceoff between the NMDPRA and Dnagote refinery. Delivering his […]

July 22, 2024 7

Business

PRESIDENT DANGOTE GROUP, ALIKO DANGOTE OFFERS TO SELL THE DANGOTE REFINERY TO THE NIGERIAN NATIONAL PETROLEUM CORPORATION LIMITED.

President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over the refinery, the allegations of monopoly would no longer be valid. This is coming after the […]

July 22, 2024 9

Business

NIGERIA’S DEBT-TO- GROSS DOMESTIC PRODUCT (GDP) RATIO SAYS DEBT MANAGEMENT OFFICE

The Debt Management Office (DMO), says Nigeria’s debt-to- Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country’s peer group. Director-General of the DMO, Patience Oniha, said this in an interview with newsmen on Tuesday in Abuja while reacting to some media reports that the debt-to-GDP ratio of 52 per cent exceeded the World Bank/IMF’s prudential ceiling for countries […]

July 9, 2024 29

Business

FEDERAL HIGH COURT IN LAGOS DIRECTS FORMER MINISTER OF HUMANITARIAN AFFAIRS, DISASTERS MANAGEMENT AND SOCIAL DEVELOPMENT, SADIA UMAR-FAROUK, TO ACCOUNT FOR N729BN.

Federal High Court in Lagos has directed the former Minister of Humanitarian Affairs, Disasters Management and Social Development, Sadia Umar-Farouk, to give details of how N729bn allegedly disbursed to 24.3 million poor Nigerians was carried out. Justice Dehinde Dipeolu of the court ruled that the ex-minister should provide a list of all the beneficiaries, including their bank details, that received the N5,000 disbursed for six months. The judge gave the […]

July 8, 2024 15