Business News Archives — Page 12 of 48

June 22, 2021 No Responses

Court Orders Mobil, NNPC To Pay N82b To Akwa Ibom Communities

The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom State a cumulative damages of N81.9 billion over oil spillage. Justice...

June 20, 2021 No Responses

NASS, NEPZA Laud LADOL’s Achievement

By citybusinessnews@yahoo.com — The Senate Committee on Trade, Industry and Investment and the Nigeria Export Processing Zone Agency, NEPZA have commended LADOL’s achievement in turning a disused swamp into a world class industrial Free Zone over t...

June 19, 2021 No Responses

IMO Pushes Back Talks On Fuel Tax

The proposal to introduce fuel levy in the shipping industry to help speed up the transition from fossil fuels to zero-carbon alternatives has been postponed until the next International Maritime Organisation and Marine Environment Protection Committ...

June 19, 2021 No Responses

Bayelsa Seeks South Korea’s Partnership On Agric, Maritime, Others

Governor Douye Diri of Bayelsa has sought the partnership and support of South Korea in areas of agricultural, maritime and infrastructure development of the state. At a meeting with the South Korean Ambassador to Nigeria, Kim Young-Chae, in Abuja on...

June 17, 2021 No Responses

NEXIM Bank Urges Nigeria To Boost Regional Trade

The Nigerian Export-Import Bank (NEXIM Bank) has advised the Federal Government to make effort to boost Nigeria’s trade in the ECOWAS and African continent. Managing Director, NEXIM Bank, Mr Abba Bello, gave the advice in Abuja on Wednesday, at t...

June 16, 2021 No Responses

NCC Begins Review Of Telecoms License Structure

By citybusinessnews@yahoo.com — The Nigerian Communications Commission (NCC) has initiated a process for the review of existing licensing structure in the Nigerian telecommunications industry. A statement issued by the com...

June 15, 2021 No Responses

Mixta Real Estate Quotes N1.02b CP On FMDQ

The FMDQ Securities Exchange Ltd. has approved the quotation of Mixta Real Estate Plc’s N1.02 billion Series 36 Commercial Papers (CP) Issuance on its platform. FMDQ in a statement on Monday explained that the offer was approved by FMDQ under...

June 14, 2021 No Responses

GIG Deploys Electric Vehicles In Nigeria

Foremost logistics company, GIG Logistics Limited, has made history by becoming the first fleet company in Nigeria to deploy electric vehicles in its operations. Founded in 2012, GIG Logistics is an arm of the GIG Group, a company that started...

June 10, 2021 No Responses

Seplat CEO Implores Nigeria On Critical Role Of Technology In Oil Market Competitiveness

By citybusinessnews@yahoo.com — Technology will play a key role in ensuring Nigeria stays cost competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said. The Seplat CEO said this in his keynote address t...

June 10, 2021 No Responses

Afreximbank Seeks Harmonisation Of African Automotive Standards

African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmo...

June 4, 2021 No Responses

Timipre Sylva: Nigeria Has Achieved 35% Local Content Compliance

The Minister of State for Petroleum Resources Chief Timipre Sylva has said that Nigeria has achieved a significant 35% local content compliance in 2021 from a dismal 5% in 2010.Speaking at the maiden edition of the African Local Content Roundtable(ALCR),...

June 1, 2021 No Responses

NNPC To Acquire Equity In Six Private Refineries

By citybusinessnews@yahoo.com — The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which ...

June 1, 2021 No Responses

SAHCO Chairman Wins Presidential Diary Award

The Chairman of Skyway Aviation Handling Company (SAHCO) PLC, Barr. (Dr.) Taiwo Afolabi has been conferred with Award of Excellence by the Presidential Diary Magazine. He was conferred with the prestigious award as recognition of his immense contributions towa...

May 28, 2021 No Responses

Minister Inaugurates 450 Metric Tons Cassava Processing Plant In Rivers

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has inaugurated a Cassava Plant at Afam in Oyigbo Local Government Area of Rivers. The minister during the inauguration on Thursday said the processing plant would address challen...