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Economics at independent.ng

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06

What Inspired Our Commitment To Innovation, SustainabilityHighlighted At Technology Summit 4.0 — Seplat Energy

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Seplat Energy Plc, an indig­enous energy company, has successfully concluded its Seplat Technology Summit 4.0, held on July 18-19, at EKO Hotel & Suites in Lagos. This year’s summit, themed “Le­veraging Technology across the Energy Value…

Friday, Jul 26

00

Kumtap Emerges New Plateau NMA Chairman

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JOS – Plateau State branch of the Nigerian Medical Association, NMA, on Friday elected new executive officers with Dr Yilji Cashmir Kumtap emerging as the State Chairman to steer the ship of the organisation for the next two years. Also Dr…

23

North-West Lawmakers Hail Tinubu For Signing Development Commission Bill Into Law

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ABUJA – North-West lawmakers caucus in the House of Representatives on Friday lauded President Bola Tinubu for signing into law the North-West Development Commission Bill into law. Recall that the President signed the bill into law on…

22

We Birthed New Tribe To Address National Issues – Utomi

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LAGOS – A political Economists, Prof Pat Utomi has lamented about the state of the nation, stressing that urgent steps must be taken to address the anomalies. Utomi who addressed a press conference on Friday used the opportunity to explain…

21

Petroleum Product Quality Control Crisis: NASS Launches Investigation

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PORT HARCOURT – The House of Representatives has launched a comprehensive investigation into the crisis rocking the oil and gas sector as it concerns crude oil supply chain and the quality of petroleum products imported or refined within…

20

Traditional Rulers Charge FG To Bring Down High Cost Of Living, Petroleum Products, Others

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ABUJA – The nation’s traditional rulers have urged the federal government to bring down the high cost of living, petroleum products, electricity tariff and agricultural inputs. The traditional rulers has also identified serious level of…

18

FUPRE Inaugurates Academia-Industry Advisory Board

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EFFURUN – Federal University of Petroleum Resources, Effurun (FUPRE) in Delta State hasinaugurated FUPRE Academia-Industry Advisory Board with a view to bridging the gap between the institution and the oil and gas industry. Inaugurating…

Green Economy, A Veritable Tool For Economic Diversification, Job Creation – SEC DG

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The Director General (DG) of the 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…

Finance Act: Windfall Tax Explainer

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ABUJA – Why is the Nigerian government introducing a windfall tax, and what does it mean for the economy? As part of economic reforms, President Bola Ahmed Tinubu’s administration has proposed a one-time windfall levy aimed at addressing…

Stocks Bounce After Heavy Sell-Off As US Inflation Cools

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European shares and U.S. stock futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2%, while the dollar regained ground against the yen. There was little major reaction to data…

17

CBN Sells $148 Million To 29 Authorised Dealers

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Nigeria’s central bank has sold $148 million in foreign exchange to 29 authorised dealer banks in the spot market to ease demand pressure, it said on Friday. The central bank said it sold dollars at between 1,470 naira and 1,510 naira to…

Nigeria’s Windfall Levy on Banks’ Exceptional FX Gains – A Useful Perspective

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Nigeria is set to implement something unprecedented: a 70 percent Tax or Levy on a ‘windfall’ profit that accrued to commercial banks following last year’s significant devaluation of the Naira—a devaluation arising from a series of…

Transcorp Power Delights Shareholders With N1.50k Interim Dividend

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Transcorp Power Plc (Transcorp Power), one of the power subsidiaries of Transcorp Group has reported its Half-Year (H1) ended June 30, 2024 unaudited results showing impressive year-on-year growth for the period The company’s H1 2024…

Direct EFCC, IPC To Beam Searchlight On Benue LG Funds – DOD Advises Tinubu

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MAKURDI. – Amos Uchiv, President, Defenders of Democracy (DoD), has advised President Bola Ahmed Tinubu, to direct the Economic and Financial Crimes Commission (EFCC), and the Independent Corrupt Practices and Other Related Offences…

Trends And Opportunities In Nigeria’s E-Commerce Industry

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Habib WasuluNigeria’s e-commerce industry is booming, presenting a wealth of trends and opportunities for businesses and entrepreneurs alike. As the industry continues to evolve, it’s important to understand the driving forces behind its…

Davidainojadu Of Purified Entertainment Drops New Single “Oil Dey My Head”

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The fast rising Afro Hip-Hop artist, Mr. David Konwei Preye, popularly known with his stage name Davidainojadu has dropped a hit single titled “Oil Dey My Head”. The young and energetic artist, who delved into music professionally in year…

16

World’s First Ageless Tourism Recognition Programme Launched

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A New Trend for older travelers is emerging. The World Tourism Network is excited to integrate Ageless Tourism within its interest groups, advocacy, and recognition network. There are good reasons to include and cater to travellers 60 and…

15

Former President Jonathan Mourns Ohanaeze President General, Iwuanyanwu

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Former President Goodluck Ebele Jonathan has expressed sadness over the passing of late President General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwunyanwu, stating that the late octogenarian continued to actively serve humanity until…

Obama Endorses Kamala Harris, Gives Major Boost To Her Campaign

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Former U.S. president Barack Obama endorsed his fellow Democrat Kamala Harris’ bid for the White House on Friday, delivering a major boost to her campaign to beat Donald Trump in November’s presidential election. “Earlier this week,…

12

Attempt To Sabotage Dangote Refinery, Red Flag To Foreign Investors – Group

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ABUJA – The alleged plot to sabotage Dangote refinery project by self serving interest will discourage potential investors. The Nigerian Democracy Working Group, which gave this warning in Abuja on Friday, said that such development will…

Portal To Access N110bn Youth Investment Fund Will Be Accessible In Few Days – Jamila Ibrahim

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N110 billion fund committed by the Administration of President Bola Ahmed Tinubu to provide crucial support for businesses led by young entrepreneurs who are currently experiencing financial challenges is to be made accessible in few days.…

11

PAN Wants FG To Release Grains From Strategic Reserve To Keep Industry Alive

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LAGOS – President Bola Tinubu has been implored to release at least 100,000 metric tonnes of maize and 50,000 metric tonnes of Soya beans from the federal strategic reserve to the Poultry Association of Nigeria (PAN), to keep the industry…

TD Africa, BOSCH Strengthen Ties OnNigerian Consumer Electronic Market

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LAGOS – To further showcase its acknowledgment and endorsement of the Nigerian-born, Africa-wide technology distribution company, TD Africa, a delegation of Robert Bosch GmbH, popularly known as BOSCH, has paid a courtesy visit to the tech…

FCMB Out To Address Gender Disparity InBusiness With Zero-Interest Loans

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First City Monument Bank (FCMB) is addressing gender inequality in Nigeria’s business sector with its SheVenturesprogramme. By providing interest-free loans of up to N10 million and tailored support to female entrepreneurs in the export…

Wema Bank Bags 3 Prizes At Digital Banker Global Sustainable Finance Awards 2024

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Wema Bank, one of Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, received a total of three awards of excellence at The Digital Banker Global Sustainable Finance Awards Gala 2024, which recently…

Resolution OfIdentity Issues Will Reposition Capital Market – SEC

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The Securities and Exchange Commission (SEC) says the resolution of identity management issues would help reposition the Nigerian capital market for greater potential. The Director General of the SEC Dr. Emomotimi Agama, who stated this at…

09

Edo Guber: Shaibu’s Defection Sparks PDP, APC Showdown For Osadebe House

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SAMUEL OGIDAN In the midst of the intense battle for the Dennis Osadebe EdoState Government House between the Peoples Democratic Party (PDP) and the All Progressives Congress (APC), the recently reinstated Deputy Governor, Comrade Philip…

Clean Energy: A Sustainable Energy Solution In Nigeria

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Okoko Chidozie As the world population continues to grow, there is an ever increasing demand for energy. Consequently, renewable and clean energy sources are the answers to providing sustainable energy solutions while protecting the planet…

Why Information Is Essential In Improving Family Planning Uptake

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information about the available contraceptive options is crucial in family planning programmes to improve the commodities’ use and reduce unintended pregnancies and unsafe abortions in Nigeria and to attain the FP2030 goals. An outcome of…

08

Glo 1 Boosts Capacity For Enhanced Service Delivery

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Glo 1, the international subma­rine cable owned exclusively by telecommunications giant, Globacom, has boosted its ca­pacity for service delivery as it celebrates the eighth year of un­interrupted connectivity. The submarine cable has not…