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Economy
FG, UN move to boost intra-African trade, sustainable growth at Africa Caucus 2024
The Deputy Secretary-General of the United Nations, Dr. Amina Mohammed on Friday met with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to discuss preparations for the forthcoming Africa Caucus 2024 with a view to boosting Intra-African Trade and Sustainable Growth. Director, Information and Public Relations, Federal Ministry of finance, Mohammed Manga in a…
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Perspectives
National protest: deliberate attempt to embarrass government, by Kola Amzat
No other topic dominates public discourse today other than the impending national protest. It has suddenly becomes a behemoth that is unnecessarily creating undue fear in the hearts of the citizenry, stalling planning in millions of households across the nation, temporarily halting the direction of economy and of course, creating doubts in the minds of numerous foreign investors desirous of…
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Business
Hike in airfares loom as NAMA mulls plans to increase plane charges by 800%
The Nigerian Airspace Management Agency (NAMA) has reportedly announced plans to raise en-route navigational charges from N2000 and N6,000 to N18,000 and N54,000 per flight. A report by Business day stated that the airspace agency equally increased the extension of hours of service to airlines from N50,000 to N450,000, representing 800 per cent increase per extension. This is to enable…
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Company Report
Dangote Cement declares 6.3% increase in profit to N189.9bn
Dangote Cement Plc has declared N189.9 billion profit after tax in half year ended June 30, 2024, about 6.3 per cent growth from N178.6 billion reported in half year ended June 30, 2023. The cement maker declared N292.96 billion profit before tax in H1 2024, representing an increase of 22.1 per cent from N239.86 billion reported in H1 2023. Group…
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Homeland News
Ogun woos foreign, domestic investors to boost development
Ogun State Government has invested massively in the security architecture by providing security agencies with modern crime-fighting tools to secure lives and properties in the State, the state Commissioner for Finance, Mr. Dapo Okuboyejo said on Friday. Okuboyejo, who is also Chief Economic Adviser (CEA) to Governor Dapo Abiodun, stated this in Abeokuta, the state capital, on Friday, while addressing…
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Business
Green economy to drive Nigeria’s economic diversification, job creation, says Agama
The Director General (DG), Securities and Exchange Commission (SEC), Emomotimi Agama has said that embracing a green economy would bring numerous benefits, including economic diversification, job creation, and improved public health to Nigeria. Agama, highlighted benefits of the transition while speaking as the guest speaker at the Oriental News 2024 Summit in Lagos on Thursday. He stressed the importance of…
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Business
Transcorp Hotels reports 61% increase in revenue, declares N1.02bn as Interim Dividend
Transcorp Hotels Plc has reported its half-year (H1) ended June 30, 2024 results with revenue at N29.7 billion, about 61 per cent increasing when compared to N18.5 billion declared in H1 2023. The hospitality subsidiary of Transcorp Group on the Nigerian Exchange Limited (NGX) reported N10.5 billion profit before tax in H1 2024, representing an increase of 192 per cent…
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Economy
FG’s ongoing reforms address fundamental pillars for sustainable development, says Edun
The economy is growing faster and government’s financial position becoming better as ongoing reforms continue to address fundamental pillars for sustainable development. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Wednesday gave a full overview of the national economic data, with significant improvements in fiscal and monetary positions. Speaking at the newly introduced quarterly media…
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Homeland News
Gov. Abiodun approves NCE resolutions for Ogun workers
Ogun State Governor, Prince Dapo Abiodun has approved the domestication of some resolutions of the National Council on Establishments (NCE) into the state’s civil service. The State’s Head of Service, Mr. Kehinde Onasanya made the disclosure when the leadership of the Nigeria Labour Congress (NLC), Ogun State Council, led by its Chairman, Comrade Hameed Ademola-Benco paid him a courtesy visit…
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