Economy Archives - Ọzone Reporters

Economy

Economy News

Gov. Wike Gives Succor To Traders Of Burnt Fruit Market

Chief Nyesom Wike the Rivers State governor, redeemed his pledge to compensate traders of the burnt Fruit Garden Market Port Harcourt, as he handed over bank drafts to them. Also,…

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Economy News

Abia Govt. Set To Host Economic Summit In Aba

The Abia state government has said it is committed to repositioning Aba to make it a prime investment hub in the country. Briefing the media in Aba on activities lined…

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Economy News

Oil Moguls, Others Convene In Yenagoa To Tackle Capital Flight

Indigenous contractors, experts and vendors in the nation’s oil industry converged in Yenagoa, capital of Bayelsa State, recently to deepen regulatory and procurement best practices in the sector, which over…

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Economy

Apple gets critical iPhone technology in $600m On Dialog deal

Apple Inc is buying the power-management technology at the heart of its iPhones in a 600 million dollar. The purchased deal is with Dialog Semiconductor that also secures the German-listed…

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Economy

FG releases N460bn from 2018 Budget for capital expenditure – Udoma

Mr. Udoma Udo Udoma, the Minister of Budget and National Planning, says the Federal Government has so far released N460 billion from the 2018 Budget for capital projects. The minister…

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Economy

Pound hits 3-1/2 month high vs euro on fresh Brexit deal hopes

Sterling hit a new 3-1/2 month high versus the euro and added to gains against the dollar on Wednesday on optimism that Britain and the European Union can agree on…

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Economy News Niger Delta News

Bayelsa govt sues FG over sharing of oil revenue

The Bayelsa State government has filed a suit at the Supreme Court against the Federal Government over sharing of oil revenue. The suit with reference number SC 386/2018, was filed…

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Economy Niger Delta News

Rubber Farmers In Edo Receive Boost From NEPC

The Nigerian Export Promotion Council, NEPC, said rubber production in Nigerian was not meeting demand and has therefore decided to support farmers with improved seedlings to meet up demand. Deputy…

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Economy

FG Seeks $416m From Oil, Gas Exports

The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of $416.07 million was realised in June, which is 35.78 per cent higher than…

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Economy

Offshore wind firm Orsted expands U.S. business with $510m acquisition

Orsted, the world’s largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major…

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