Category: Economy

Lekki Port: Clearance Of Goods Takes Five To Ten Days
May 15, 2023 No Responses

Lekki Port: Clearance Of Goods Takes Five To Ten Days

The container terminal operator for the Lekki Deep Sea Port-Lekki Freeport Terminal, a subsidiary of the CMA/CGM Group, has assured shippers of a faster turnaround time for the clearance of goods from the Port, stating that it will take between five...
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NPA MD Bags Maritime Icon Of The Year Award
May 13, 2023 No Responses

NPA MD Bags Maritime Icon Of The Year Award

The Managing Director/ Chief Executive Officer of Nigerian Ports Authority (NPA), Mohammed Bello Koko has emerged   Champion Newspapers’ Maritime Icon Of the Year Award.  City Business News reports that the awards is in recognition of Koko...
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CJN Harps On Sustained Fight Against Piracy
May 11, 2023 No Responses

CJN Harps On Sustained Fight Against Piracy

The Chief Justice of Nigeria and Chairman, Board of Governors of the National Judicial Institute, Hon. Justice Olukayode Ariwoola, has stated that the judiciary has a role to play in all legal forms of fight against piracy, noting that a...
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Toyota Appoints CFAO Motors Distributor In Nigeria
May 11, 2023 No Responses

Toyota Appoints CFAO Motors Distributor In Nigeria

By Moses Ebosele, ebosele@hotmail.com Foremost distributor of mobility products and services in Nigeria, CFAO Motors has been appointed as an official distributor of Toyota vehicles in Nigeria.  The appointment positions CFAO Motors as the ...
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Nigeria Approves New Auto Policy
May 11, 2023 No Responses

Nigeria Approves New Auto Policy

The Federal Executive Council (FEC) has approved the new National Automotive Industry Development Plan (NAIDP) 2023. The memo for the plan was presented by the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, during this Wednesday FEC meetin...
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NPA, Customs, NEPZA, Others Reiterate Support For Lekki Port
May 11, 2023 No Responses

NPA, Customs, NEPZA, Others Reiterate Support For Lekki Port

By Moses Ebosele, ebosele@hotmail.com Key Federal Government agencies have resumed full activities at the recently inaugurated $1.5 billion Lekki Port and Lekki Freeport Terminal.  Representatives of the agencies who spoke at an interactive sess...
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FAAN TO HOLD SECOND EDITION OF NATIONAL AVIATION CONFERENCE
May 9, 2023 No Responses

FAAN TO HOLD SECOND EDITION OF NATIONAL AVIATION CONFERENCE

The Federal Airports Authority of Nigeria (FAAN) is set to play host to all stakeholders and investors, at the second edition of the FAAN National Aviation Conference (FNAC2)   The theme of this edition, which will be holding at the...
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NIMASA DG X-Rays Untapped Opportunities In Marine Tourism  
May 9, 2023 No Responses

NIMASA DG X-Rays Untapped Opportunities In Marine Tourism  

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has called for collaboration between the tourism and maritime sectors in Nigeria, stating that with the enormous resources inherent in...
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Airtel Pays NCC N58.7b For Spectrum License Renewal
May 9, 2023 No Responses

Airtel Pays NCC N58.7b For Spectrum License Renewal

Airtel Nigeria, a subsidiary of Airtel Africa has paid N58.7 billion to the Nigerian Communications Commission (NCC) to renew its 2×10 MHz 2100 MHz spectrum license. A statement to the Nigerian Exchange Limited (NGX) signed by Company Secretary Simon O’Hara...
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Tincan Island Port Receives Largest Ever Container Vessel
May 9, 2023 No Responses

Tincan Island Port Receives Largest Ever Container Vessel

The Nigerian Ports Authority (NPA) recorded yet another milestone today, Tuesday, May 9, 2023 with the berthing at the TinCan Island Port Complex of “the largest-ever container vessel to call at the Lagos Pilotage District”.  The vessel MSc Maureen ha...
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NIMASA To Nigerians In Diaspora: Invest In Maritime Sector
May 8, 2023 No Responses

NIMASA To Nigerians In Diaspora: Invest In Maritime Sector

The Nigerian Maritime Administration and Safety Agency (NIMASA), has called on Nigerians in diaspora to consider investing in the country’s maritime sector, describing it as the next big thing packed with assets to fuel the growth of the economy.  N...
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Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders
May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, t...
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FG Presents Discharge Certificate To Transcorp
May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

  Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...
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WFE Create New Certification For Market Infrastructure
May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...
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