Economy/Technology

The National Council on Privatisation, NCP, has approved the board composition of Nigerian Electricity Liability Management Company (NELMCO). The NCP approved the proposed governance framework for the sustainable management and payment of post-privatisation liabilities of the power sector transferred to the Company. The Council also approved fast tracking of the…

The Nigerian Ports Authority (NPA) is seeking out-of-court settlement with the contractor dredging the Calabar channel. The NPA Managing Director, Mr Mohammed Bello-Koko, made the disclosure when he paid a visit to the Calabar Port Complex. According to him, dredging of the channel is a priority of the authority. “The…

The Calabar Port Manager, Mr Festus Olumati, on Saturday said that the vessel traffic at the port complex between the months of January and May was 72. Olumati gave the figure during the visit of the Managing Director, Nigerian Ports Authority (NPA) Mr Mohammed Bello-Koko, to the Calabar Port. The…

The Calabar Port Manager, Mr Festus Olumati, on Saturday said that the vessel traffic at the port complex between the months of January and May was 72. Olumati gave the figure during the visit of the Managing Director, Nigerian Ports Authority (NPA) Mr Mohammed Bello-Koko, to the Calabar Port. The…

No fewer than 10,000 retirees are been owed their pension rights in Lagos State, Mr Babalola Obilana, Director-General, Lagos Pension Commission (LASPEC), has said. Obilana said the commission also had about N10 billion to pay as outstanding accumulated debts for pensioners in the state. He disclosed on the sidelines of…

Local and foreign investors on the Nigerian Exchange Ltd. (NGX) traded N485.4 billion worth of equities in the second quarter of 2022. This is an increase of 40.11 per cent when compared to N346.43 billion traded in the first quarter of 2022. A data by the bourse noted that the…

The Naira on Friday gained marginally against the dollar at the Investors and Exporters Window, exchanging at N425.00. The figure represented an appreciation of 0.01 per cent, compared with N425.05 exchanged on Thursday. The open indicative rate closed at N421.60 to the dollar on Friday. An exchange rate of N444.00…

Investors at the equities market gained N6 billion, or 0.02 per cent, on Friday, as market capitalisation closed the week at N27.941 trillion as against N27.935 trillion posted the previous day. Similarly, the All-Share Index (ASI) increased by 0.02 per cent to 51,829.67 points from 51,817.59 points recorded on Thursday.…

The Nigeria Customs Service (NCS), Apapa Area Command, has generated N522.4 billion in the first half of 2022. The Area Controller, Comptroller Malanta Yusuf, made this known at a news conference in Lagos on Friday. Yusuf said that the figure showed a significant increase of N156 billion or 42.54 per…

The European Union (EU) has inaugurated the ‘Team Europe Initiative (TEI) Nigeria Green Economy’ project aimed at stimulating sustainable climate-smart agriculture and renewable energy for economic growth and diversification. The EU ambassador to Nigeria and Economic Community of West African States (ECOWAS), Ms Samuela Isopi, unveiled the project at the…