Economy

Updating Global Poverty Data: Steering Towards Progress

DailyTimesNGR DailyTimesNGR 8 June 2025 0

By Tunde Opalana To advance on the World Bank Group’s mission to end poverty and boost shared prosperity on a livable planet it rely on strong data which is the bedrock for policy. Deon Filmer, Haishan Fu and Luis Felipe Lopez- Calva in the latest edition of the World Bank Newsletter said

Economy

Nigerian govt moves to tackle N30trn infrastructure deficit through tax credit roads

Ihesiulo Grace 7 June 2025 0

BY TEMITOPE ADEBAYO With Tax credit roads expected to close the N30 trillion infrastructure gap and serve as the gateway of development and shared responsibility across regions in the country, President Bola Ahmed Tinubu has commissioned the groundbreaking Lekki Deep Sea ports Tax credit roads in Lagos at the weekend. This is meant to unlock […]

Economy

NEITI alleges FOI misuse, urges crackdown on bogus NGOs

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY MOTOLANI OSENI The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised alarm over disturbing misuse of the Freedom of Information (FOI) Act by individuals and faceless groups posing as civil society organisations (CSOs) and non-governmental Organisations (NGOs) with no track record, known address, or institutional credibility. Speaking at a

Economy

FG pushes West African unity to boost regional economy

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY TEMITOPE ADEBAYO Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Tuggar, has advocated collaboration among West African States for a greater economic and regional integration by leveraging their shared market potential and demographic advantages. The minister asserted a Private Sector Roundtable in Lagos, as part of the build-up to the West Africa Economic Summit

Economy

AXA Mansard Investments empowers 200 working-class mothers

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY MOTOLANI OSENI An asset management firm and member of the global AXA Group, AXA Mansard Investments, has reaffirmed its commitment to women’s empowerment by sponsoring ‘The Mum Fund’ event — a powerful initiative that provided training, support, and financial education to 200 working-class mothers in Lagos. The event featured workshops, mentoring sessions, and

Economy

Asharami Energy, commits to local capacity devt, sustainable growth

DailyTimesNGR DailyTimesNGR 7 June 2025 0

Asharami Energy, a Sahara Group Upstream company, has restated its commitment to promote inclusive growth and local content development within Nigeria’s energy landscape through strategic investments, responsible operations, and collaborative partnerships with stakeholders in the upstream value chain. At the fifth edition of the Nigerian Oil and Gas Opportunity Fair

Economy

Nigeria strengthens competitiveness in Oil & Gas, says chamber

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY MOTOLANI OSENI The latest executive order by President Bola Tinubu to lower costs and enhance revenue from oil and gas projects is strengthening the competitiveness of doing business in Nigeria, says the African Energy Chamber (AEC). The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream

Economy

Savannah Energy posts $258.9m total revenue in one year

DailyTimesNGR DailyTimesNGR 7 June 2025 0

Savannah Energy Plc reported total revenues of $258.9 million in its unaudited results for the year ended December 31, 2024. The results revealed that Savannah Energy achieved its previously issued financial guidance for the year, with its total revenues as of December 31, 2024, standing at $258.9 million, six per cent ahead of the previously […]

Economy

Nigeria, Ghana to launch Africa local content forum.

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY TEMITOPE ADEBAYO Nigeria and Ghana are working in concert to catalyse African capacity and content inter-regionally that will accelerate job creation across the continent, support diversity and inclusion for a balanced workforce. To achieve this laudable initiative, the Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Commission of Ghana have

Economy

Abuja Continental excels at international Tourism Expo Fair

DailyTimesNGR DailyTimesNGR 7 June 2025 0

The International Hospitality & Tourism Expo and Forum (IHTEF) dubbed Abuja Hotel Expo, has boosted skills development, workforce empowerment, and sustainable practices within the country’s hospitality industry. At the event, Abuja Continental emerged the exceptional Housekeeping hotel in the prestigious Bed-Making Challenge competition organised by International

Economy

JMG extends warm Eid el-Kabir greetings to Muslim faithful’s

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY TEMITOPE ADEBAYO As Muslim families across Nigeria gather to mark this year’s Eid el-Kabir—a time of deep reflection, sacrifice, and unity—JMG Limited joins in celebrating the spirit of the season with heartfelt wishes for peace, joy, and renewed blessings. At JMG, we believe in the power of connection—not just through the integrated electromechanical solutions […]

Economy

Makinde Urged to Caution Omotoso, Housing Boss Over Land Grabbing

DailyTimesNGR DailyTimesNGR 3 June 2025 0

By Tunde Opalana Oyo State governor, Engr Seyi Makinde has been urged to investigate several land grabbing allegations against the Chairman of the state’s Housing Corporation, Mr. Demola Omotoso. Omotoso was accused of acting without regard to the rule of law in Oyo State as several petitions have been written against him to law enforcement […]

Economy

Effects of attacks on farmer could be catastrophic than hunger crisis – Expert warns FG

DailyTimesNGR DailyTimesNGR 3 June 2025 0

By Tunde Opalana A development expert, Ntiedo Ekott has warned the Federal Government to take proactive steps in curtailing the incessant attacks on farmers in parts of the country to avert crisis that could worsen national stability and development. Presently, he said continued violence against farmers is undermining Nigeria’s efforts to achieve food security and […]

Economy

How Tinubu’s reforms drive customs revenue to record N1.3trn in Q1 2025–Adeniyi

DailyTimesNGR DailyTimesNGR 25 May 2025 0

BY  MOTOLANI OSENI Comptroller-General of Customs, Mr Bashir Adeniyi, says reforms introduced under President Bola Tinubu’s Renewed Hope Agenda have driven the Nigeria Customs Service (NCS) to a record revenue of N1.3 trillion in the first quarter of 2025, more than double the N600 billion generated during the same period in 2023. Adeniyi, who disclosed […]

Economy

Market eyes Dangote Cement as N7.4trn valuation holds ahead of N30 dividend

DailyTimesNGR DailyTimesNGR 25 May 2025 0

BY MOTOLANI OSENI Investors are closely watching Dangote Cement Plc as its market valuation steadies at N7.424 trillion on the Nigerian Exchange ahead of a proposed N30 per share dividend, which is set for distribution on June 23, 2025, pending shareholder approval. The company’s board has recommended the payout based on its strong 2024 earnings, […]

Economy

Wema Bank secures shareholder backing for N50bn private placement

DailyTimesNGR DailyTimesNGR 25 May 2025 0

BY  TEMITOPE ADEBAYO Wema Bank Plc has received shareholder approval to raise N50 billion through a private placement, reinforcing its capital base ahead of the Central Bank of Nigeria’s recapitalisation deadline for banks. The approval, granted at the bank’s annual general meeting, follows the completion of a N150 billion rights issue and signals Wema Bank’s […]

Economy

Oil prices fall on rising supply fears, US-Iran talks

Ihesiulo Grace 25 May 2025 0

Oil prices ended the week lower as concerns over increased global supply, rising US crude inventories, and renewed US-Iran nuclear negotiations weighed on market sentiment. Brent crude dropped to $63.85 per barrel on Friday, down 1.7 per cent from last week’s close of $64.93, while West Texas Intermediate (WTI) slipped 1.5 per cent to $60.92 […]

Economy

CIoD boss commends NDIC’s commitment to good governance

DailyTimesNGR DailyTimesNGR 16 May 2025 0

By Tunde Opalana The Nigeria Deposit Insurance Corporation’s (NDIC) has been commended by the Charted Institute of Directors (CIoD) Nigeria for its commitment to advancing corporate governance im the country. The President and Chairman of Council of the Institute , Alhaji Tijjani Borodo, made these remarks during a courtesy visit by the CIoD Governing Council […]

Economy

Nigeria moves to foster implementation of FOCAC agreements

DailyTimesNGR DailyTimesNGR 10 April 2025

…as Tegbe assures of NCSP’s role in evolving economic stimulating projects By Tunde Opalana As part of efforts to ensure prompt actualization of agreements with the People’s Republic of China, the Federal Government of Nigeria has convened an inter-ministerial meeting to strengthen the implementation of agreements reached during the 2024 FOCAC Summit and

Economy

Operators of moribund oil blocks to forfeit licence – Lokpobiri

DailyTimesNGR DailyTimesNGR 2 April 2025 0

By Tunde Opalana The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri has charged oil majors to sustain investment that will guarantee oil production growth while threatened that the federal Government will withdraw oil blocks from operators who have failed to energize such fields. To meet up with production target of 2.06 million barrels […]