Category: Economy

Kia Carens Wins Indian Car Of The Year Award
January 18, 2023 No Responses

Kia Carens Wins Indian Car Of The Year Award

The Kia Carens has been crowned as the Indian Car of the Year (ICOTY) 2023 and the Kia EV6 won the Green Car Award 2023 by ICOTY.   A statement sent to City Business News explained that with this, Kia...
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Economist Tasks FG On Production, Borrowings
January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited,  Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...
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Jime Calls For Dismantling Of Tariff, Non-Tariff Barriers To Intra African Trade
January 17, 2023 No Responses

Jime Calls For Dismantling Of Tariff, Non-Tariff Barriers To Intra African Trade

The Executive Secretary, Nigerian Shippers’ Council (NSC), Emmanuel Jime has urged African countries in West, Central Africa sub-region to fast-track the dismantling of various tariff and non-tariff barriers hindering intra-Africa trade. Jime, in his welcome...
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Buhari Harps On International Trade, Benefits Of AfCFTA
January 17, 2023 No Responses

Buhari Harps On International Trade, Benefits Of AfCFTA

President Muhammadu Buhari has challenged African countries to expand and diversify their participation in international trade as part of measures to explore the benefits of the African Continental Free Trade Agreement (AfCFTA).   Buhari stated this ...
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FG Earns $4.820b From Non-Oil Export In 2022 
January 14, 2023 No Responses

FG Earns $4.820b From Non-Oil Export In 2022 

Nigeria recorded a non-oil export earnings of $4.820 in 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Friday in Abuja.  Presenting the 2022 non-oil export report, the Executive Director/CEO of NEPC, Dr Ezra Yakusak explained that this r...
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Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  
January 13, 2023 No Responses

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023.   A statement sent to City Business News explained that the meeting, now in its 62...
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SIFAX ICT Records 8,736 Hours Zero Lost Time Injury <a> </a>
January 13, 2023 No Responses

SIFAX ICT Records 8,736 Hours Zero Lost Time Injury  

SIFAX Inland Container Terminal, a subsidiary of SIFAX Group attained 8,736 hours of zero lost time to injury (LTI) during operations at the terminal in 2022.   This was disclosed by Mr. Paul Linden, Managing Director, SIFAX Inland Container Terminal,...
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SAHCO Seeks Duty Waiver For Ground Handling Operators   
January 13, 2023 No Responses

SAHCO Seeks Duty Waiver For Ground Handling Operators   

The Managing Director, Skyway Aviation Handling Company (SAHCO) Plc, Mr Basil Agboarumi, has called on the Federal Government to grant duty waiver on operational equipment for ground handling companies operating in the nation’s airports.    Agboaru...
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DMO: Alarm Over National Debt Unnecessary
January 6, 2023 No Responses

DMO: Alarm Over National Debt Unnecessary

The alarm created around the country’s projected public debt by a segment of the media was unnecessary, the Debt Management Office (DMO), said on Thursday.  The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by...
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DMO Announces 2023 First Offer 
January 3, 2023 No Responses

DMO Announces 2023 First Offer 

The Debt Management Office (DMO) on Monday announced the issuance of its first bonds for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for a subscription.  According to a statement by the DMO, one is a two-year FGN Savings...
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FG Reappoints Adeyeye As NAFDAC DG
December 30, 2022 No Responses

FG Reappoints Adeyeye As NAFDAC DG

President Muhammadu Buhari has renewed the appointment of Professor Mojisola Adeyeye as the Director-General of National Agency for Food and Drug Administration and Control (NAFDAC) with effect from December 1, 2022 for the second and final tenure of five year...
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Ajaokuta Steel To Generate $1.6b, 500,000 Jobs
December 30, 2022 No Responses

Ajaokuta Steel To Generate $1.6b, 500,000 Jobs

Ajaokuta Steel Complex will generate $1.6b annually and provide 500,000 jobs for Nigerian youths, President Muhammadu Buhari has said.  Malam Garba Shehu, the Presidential spokesperson in a statement, explained aid that Buhari said this at the Palace of t...
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Buhari Urges American Investors To Invest In Nigeria 
December 17, 2022 No Responses

Buhari Urges American Investors To Invest In Nigeria 

Nigeria remains the best destination for American investors to put their money, President Muhammadu Buhari has said.  Buhari explained that aside the population advantage in size and demography, various incentives and policies emplaced by the Nigerian Gov...
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Minister Urges Agencies To Strengthen Port Compliance  
December 16, 2022 No Responses

Minister Urges Agencies To Strengthen Port Compliance  

The Minister of Transportation, Mu’azu Sambo, has urged agencies to strengthen compliance functions to sustain and maintain standards in the ports.   Sambo gave the advice at the Convention on Business Integrity (CBi), and Maritime Anti-Corruption Netwo...
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