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FG records $1bn investment in automotive sector — Minister  

By Ikenna Uwadileke, Abuja.   The Minister of Industry, Trade and Investment, Chief Adeniyi Adebayo, says that the Federal Government has recorded more than one billion dollars’ worth of investments in the automotive industry.   He made the revelation when…

January 31, 2023 · by komolafe times · 0

Nigeria’s public debt stock increases to N44.06trn in Q3 2022 – NBS

By Okeoghene Akubuike, Abuja.   Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022.   The National Bureau of Statistics…

January 31, 2023 · by komolafe times · 0

Equity market rebounds with N272bn gain

By Olawunmi  Ashafa, Lagos.   The nation’s bourse rebounded on Monday with market capitalisation gaining N272 billion, or 0.95 per cent, to close at N28.953 trillion, as against N28.681 trillion recorded on Friday.   Also, the All-Share index (ASI) gained 499.95…

January 30, 2023 · by komolafe times · 0

Customs collects N935.3m revenue at Jibia-Magama border – Controller

By Abdullahi Shugaba, Katsina.   Alhaji Dalhatu Wada-Chedi, the outgoing Controller of Nigeria Customs Service (NSC), Katsina Area Command, said that the service had generated N935.3 million as revenue since the reopening of the Jibia-Magama border from 2022 to date.…

January 29, 2023 · by komolafe times · 0

Buhari approves extension of old Naira swap

By Ismaila Chafe, Abuja.   President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of old Naira notes with new notes.   The Governor of Central Bank of Nigeria (CBN),…

January 29, 2023 · by komolafe times · 0

FG to eliminate squeeze, chaos in currency swap – Buhari

By Ismaila Chafe, Abuja.   President Muhammadu Buhari says government will ensure that citizens are unharmed in their businesses. while no disruption is caused to the entire supply chain arising from the currency swap, due to end shortly.   The…

January 28, 2023 · by komolafe times · 0

Tincan Customs command generates N574.3bn revenue in 2022

By Chiazo Ogbolu, Lagos.   The Nigeria Customs Service (NCS), Tincan Island Port Command, has generated N574.3 billion revenue in 2022.   The Customs Area Controller (CAC), Tincan Island Port Command, Comptroller Olakunle Oloyede, disclosed this at a news conference…

January 27, 2023 · by komolafe times · 0

Lekki Deep Seaport to boost non-oil revenue – NEPC

By Ikenna Uwadileke, Abuja.   The Nigerian Export Promotion Council (NEPC) says the Lekki Deep Sea Port, which was recently inaugurated, is expected to boost Nigeria’s non-oil exports.   The Executive Director/CEO of NEPC, Dr Ezra Yakusak, said that the…

January 26, 2023 · by komolafe times · 0

Old Naira Notes: Senate seeks extension of deadline to July 31

By Naomi Sharang, Abuja.   The Senate has called on the Central Bank of Nigeria (CBN) to extend the withdrawal date of the old naira notes from Jan. 31 to July 31.   The upper chamber also urged the CBN…

January 24, 2023 · by komolafe times · 0

Naira redesign: Jan. 31 deadline for old notes remains – Emefiele

By Kadiri Abdulrahman, Abuja.   The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Jan. 31-deadline to stop the circulation of the old Naira notes remains.   Emefiele gave the clarification on Tuesday in Abuja,…

January 24, 2023 · by komolafe times · 0