Economy

FG Rolls Out Nationwide Loan Programme For Indigents

The Federal Government has officially rolled out the Government Enterprise Empowerment Programme (GEEP 2.0). The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, who launched the national phase of the programme in Katsina State, said the programme would be replicated in all the states of the federation. The minister said […]

Economy

FAAC Shares N680.783bn May Revenue With FG, States, LGAs

The Federation Account Allocation Committee (FAAC) has shared N680.783 billion from the May 2022 Federation Account Revenue to Federal Government, States and Local Government Councils. This is contained in a communiqué at the end of the FAAC meeting for June 2022 in Abuja. The N680.783 billion total distributable revenue comprised distributable statutory revenue of N385.004 […]

Economy

NCDMB Boss Unveils High-Pressure Fuel Gas Skid For Shell’s Assa North project

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote on Wednesday lauded Nivafer Engineering and Construction limited for the Local Content accomplishments it recorded in fabricating a High-Pressure Fuel Gas Skid for Shell Petroleum Development Company‘s (SPDC) Assa North gas project in-country. He gave the commendation while delivering his opening […]

Economy

Nigeria Needs 3.6 Million Metric Tonnes Of Fish Annually – FG

The Director, Fisheries and Aquaculture, Federal Ministry of Agriculture and Rural Development, FMARD, Dr. Sampson Umoh said Federal Government has targeted 3.6 Million Tons of Fisheries annually to boost local production, income generation amongst others. The Director made this known during the Second Dialogue and Sensitization Meeting on Fisheries Governance Project 2 (FishGov2) with Regional […]

Economy

FAAC Shares N656 Billion To FG, States, LG In April 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of N636.602 billion April 2022 federation account revenue to the federal government, states and local government councils. This was contained in a communiqué issued at the end of a virtual meeting of the FAAC for May 2022. The N656.602 billion total distributable revenue comprised […]

Economy

FIRS Lists Nigeria’s 2021 Top- Performing Taxpayers

The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021, and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The FIRS, in a […]

Economy

NCDMB To Host Summit on Midstream/ Downstream Operations

The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with theme, Maximizing Potentials in the Midstream and Downstream Oil and Gas Sector – A Local Content Perspective. The Summit will be held on May 23 & 24, 2022 […]

Economy

Women in Oil & Gas To Benefit From $40m NCDMB/NEXIM Bank Fund – FG

Women entrepreneurs in the Nigerian oil and gas industry can break barriers by taking advantage of the $40m fund created specifically for them under the Nigerian Content Intervention Fund (NCI Fund), the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote said on Wednesday. He spoke at the annual […]

Economy

Jaiz Bank Posts N4.37bn Profit In 2021

Jaiz Bank plc, the premier non-interest bank in Nigeria has released its audited financial results for the period ended December 31, 2021. The results as released to the Nigerian Exchange Group, showed a 43% growth in Profit Before Tax from N3.07billion in December 2020 to N4.37 billion in December 2021. This is on the backdrop […]

Economy

Global Energy Transition, An Opportunity For Nigerian Oil & Gas Industry – Wabote

The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the Nigeria Content Development and Monitoring Board, (NCDMB) Engr. Simbi Kesiye Wabote stated this recently in […]