Nigeria Economy news

By Chinelo Obogo
Unions in the aviation industry will on Wednesday, September 18, stage a nationwide protest over the 50 per cent deductions from Internally Generated Revenue of the aviation agencies by the federal government.
The unions comprising the National Air Transport Employees (NUATE), Association of Nigeria Aviation Practitioners (ANAP), National Association of Aircraft Pilots and Engineers (NAAPE), Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Servi

From Bamigbola Gbolagunte
The Israeli government has expressed its readiness to partner with the Osun government for the state’s economic development. 
This is even as the government of Israel has declared its interest in some economic potentials of Nigeria, stressing that the country will develop more if all its investment potentials are well utilised.
The Israeli ambassador to Nigeria, Mr Michael Freeman who spoke at the maiden Osun State Industrial Investment Summit held in Osogbo,

NBA Africa has unveiled the list of ten startup companies from seven African countries selected for the Demo Day at the NBA headquarters in New York City on Wednesday, Sept. 25 as part of “Triple-Double: NBA Africa Startup Accelerator,” which the league launched in April 2024.
At the event, designed to support Africa’s technology ecosystem and the next generation of African entrepreneurs, the ten start-ups will pitch their products to a panel of international industry leaders,

From Idu Jude, Abuja
The federal government has constituted a 5-man joint ministerial committee comprising the Federal Ministry of Transportation and the Federal Ministry of Marine and Blue Economy with a charge to mediate, address, and proffer remedies to challenges faced by the Association of Maritime Truck Owners.
The Minister of Transportation, Sen. Said Alkali, made this known on Tuesday in Abuja when he received a delegation comprised of the National Executive of the Association of Maritim

The Federal Government is making moves to convert the over $300  billion  unregistered land in Nigeria into more economically viable assets.The Ministry of Housing and Urban Development and the World Bank Group have, therefore, resolved to work together towards addressing the 90 per cent undocumented dead capital tied up in land assets into a viable venture.
This was the outcome of a courtesy call on the Minister of Housing and Urban Development, Ahmed Dangiwa by a delegation of the Wo

As part of its support for worthy initiatives through credible platforms, the Bigi carbonated soft drink brand of Rite Foods Limited, one of Nigeria’s leading brands in the food and beverage sector, sponsored this year’s Test Festival themed “Making Quality Tech’s Universal Language” organised by The Bug Detective for young Nigerians who are software developers, Quality Assurance testers and engineers, software engineers, mobile engineers, as well as those in the te

By Steve Agbota                                    [email protected] 08033302331
A prominent truck owner and the Secretary General of the Association of Maritime Truck Owners (AMATO), Mr. Mohammed Bala, has called on both federal and state governments to address the severe problem of extortion and the proliferation of unauthorised checkpoints by hoodlums, which are severely disrupting the efficient evacua

By Ifeoma Nwajei
Nigeria has achieved a major fiscal breakthrough, with its first-quarter revenue for 2024 swelling to N9.1 trillion, more than double the earnings recorded in the same period of the previous year.This was disclosed by Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, during the 17th Annual Banking and Finance Conference, hosted by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja. Represented by Dr. Armstrong Takang, Managing Director of th

By Ifeoma Nwajei
The Nigeria Customs Service Board has confirmed the appointment of two Deputy Comptroller-Generals of Customs and five Assistant Comptroller-Generals of Customs.The appointments, announced in Abuja on Tuesday, are part of efforts to fill vacancies created by the retirement of senior officers.
OA Alajogun and KI Adeola have been confirmed as the new Deputy Comptroller-Generals of Customs, while IG Umar, MM Tilley-Gyado, BA Makinde, OA Salefu, and T Bomodi have been appointed as A

By Steve Agbota
 
The Managing Director of the National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, has emphasised the need for increased private sector participation in Nigeria’s blue economy initiative, highlighting its vast potential for national development.Oyebamiji made this appeal during a recent tour of NIWA’s Warri and Onitsha area offices, where he reiterated the authority’s commitment to revitalising the economy through Public-Private Partnerships (PP

By Steve Agbota
 
In a week-long operation, the Nigeria Customs Service (NCS) Operation Whirlwind Task Force Team has seized 20,100 litres of petrol with a Duty Paid Value (DPV) of N18 million. The strategic breakthrough, made across key flashpoints in Ogun State, highlighted the heightened vigilance and precision of the taskforce in curbing the illicit activities of smugglers in the region.
Speaking at a press briefing on Tuesday, Comptroller Husseini Ejubunu, the Coordinator of the Operat

By Chinenye Anuforo           [email protected] 
 
Ahead of the September 14 deadline for the completion of mandatory National Identification Number (NIN)-SIM verification, subscribers across Nigeria have been urged to finalise the process to avoid service disruptions.Chairman of the Association of Licensed Telecommunication Operators of Nigeria (ALTON), Gbenga Adebayo, who gave the charge, recently emphasised the importance of timely compliance and avo

A new study published in the Canadian Journal of Cardiology has established a nexus between prolonged cellphone usage and elevated cardiovascular disease risks. The research, based on data from nearly half a million participants, found that individuals who spend more time making calls each week were more likely to experience cardiovascular events such as stroke or heart failure.
The study examined the relationship between cellphone usage and cardiovascular health in a large group of participants

By Chinenye Anuforo
The Cyber Security Experts Association of Nigeria (CSEAN) is set to host the Cyber Secure Nigeria 2024 Conference, on September 25 and 26, in Abuja.
This year’s theme, “Leveraging AI for Cyber Resilience: Building a Secure Future Bridge,” reflects the growing importance of Artificial Intelligence (AI) in safeguarding the digital world.
The conference will feature renowned international and local cybersecurity experts who will share their insights on the late