Business & Economy - Page 165

Governor Peter Mbah of Enugu State has commissioned a mega asphalt production plant built by his administration in furtherance of his campaign promise to construct 10,000 roads in eight years, Inaugurating the plant in Enugu on Thursday (yesterday, August 29), Governor Mbah also

Geometric Power, Nigeria’s foremost integrated electricity group, has decried the acute shortage of natural gas supply to its 188-megawatt plant in the Osisioma Industrial Estate in Aba, Abia State, saying it is affecting the state’s economic growth. “Due to the grave shortage

Governor Peter Mbah has inaugurated the Committee for the implementation of the New National Minimum Wage for Civil and Public Servants in Enugu State, giving the Committee a maximum of one month to submit its report. The Committee which was inaugurated  on

By KADIRI ABDULRAHMAN  As the inflation occasioned by weak naira inflation, a wide dollar gap and high energy cost impacts on Nigeria’s economy the Federal Government of Nigeria (FGN) is conceiving various means to ameliorate the situation. Improving the volume of Foreign

The Presidency has assured it will take concrete steps to ensure Nigeria’s removal from the global Financial Action Task Force (FATF) Grey List before the May 2025 deadline. Chief of Staff to the President, Femi Gbajabiamila, made the pledge during a working 

By Mike Abbah Sentiments remained bullish in the equities market  on Tuesday, August 27, as bargain hunting activities in FBNH (+10.0%) and OANDO (+10.0%) spurred a 0.5% increase in the benchmark index. As a result, the All-Share Index closed at 96,510.13

By Mike Abbah Nigeria’s key revenue and employment generating sectors, namely oil, agriculture and manufacturing, recorded  negative or weak growth in the second quarter of the year (Q2 2024) according to the National Bureau of Statistics (NBS). This implies that the critical

By RUKAYAT ADEYEMI The Nigerian Stock Market on Tuesday extended gains from its previous session by adding N271 billion to the portfolios of investors. Notably, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N55.166 trillion, gained N271 billion or 0.49

The Chairman, Enugu State Internal Revenue Service, ESIRS,  Emmanuel Ekene Nnamani has said that the agency recorded N35.9 billion revenue within seven months in 2024. Nnamani made the disclosure while reeling out achievements of the agency to mark his one year anniversary

By Ademola Tijani The Nigerian National Petroleum Company Limited (NNPC), which recently embarked on exporting Liquefied Natural Gas (LNG) to Japan and China, marking a significant development in its operations, has described the development as a milestone. The shipments are being carried