Business – Page 255 – City Business News

August 21, 2023 No Responses

$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu

President Bola Tinubu is happy that the $3 billion in crude-for-cash funding secured from the African Export-Import Bank (Afreximbank) by the Nigerian National Petroleum Corporation (NNPC) Limited is gradually giving a breather to the foreign exchange market. The NNPC Limited...

August 21, 2023 No Responses

NDLEA Raids Drug Warehouse, Recovers N4.8b Worth Of Opioids

Multi-billion-naira worth of illicit drugs were again seized at a warehouse tucked in the midst of popular International Trade Fair Complex, Alaba, Ojo area of Lagos by operatives of the National Drug Law Enforcement Agency, NDLEA on Saturday 19th Au...

August 20, 2023 No Responses

Firm Hands Over LNG-Fueled Car Carrier To NYK Line

Japanese shipping major NYK Line has taken delivery of the fourth and final LNG-powered pure car truck carrier (PCTC) from China Merchants Jinling Shipyard (Nanjing) Co. The vessel named Sumire Leader was delivered to NYK on 14 August, which is 139 d...

August 20, 2023 No Responses

Customs College Graduates 50 Officers

As part of measures to boost efficiency of the Officers and Men of the Nigeria Customs Service through training and re-training, the Nigeria Customs Command and Staff College, on 18 August 2023 in Gwagwalada Abuja, graduates 50 Officers of Junior...

August 18, 2023 No Responses

TotalEnergies Equips LNG Carrier With Carbon Capture System

A ship-based carbon capture (SBCC) prototype developed under the EverLoNG project has been installed on an LNG-powered LNG carrier owned by energy major, TotalEnergies while in drydock in Spain. The carbon capture unit was built in the Netherlands by carbon...

August 18, 2023 No Responses

FG Approves 5b Palliative For Each State, FCT

The Federal Government has approved N5billion for each state and the Federal Capital Territory (FCT) to procure food items for distribution to the poor in their respective states. Governor Babagana Zulum of Borno State disclosed this at the Presidential Villa,...

August 18, 2023 No Responses

Transcorp Acquires 60% Stake In Abuja Disco

As part of measures to further consolidates its position and investments in the Nigerian power sector, Tony Elumelu-led Nigerian conglomerate, Transcorp Group, has successfully acquired a 60-per cent stake in the Abuja Electricity Distribution Company (AEDC), ...

August 18, 2023 No Responses

GOCOP To Hold 2023 Annual Conference In Abuja

The Guild of Corporate Online Publishers (GOCOP) has announced that its 2023 Annual Conference will be held in Abuja, Nigeria’s Federal Capital Territory. According to a press statement signed by Danlami Nmodu, mni and Olumide Iyanda, Chairman and Secret...

August 18, 2023 No Responses

Stakeholders To Brainstorm On Digital Infrastructure At FICAN Conference

In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria’s Payment System Vision (PSV) 2025.The Central Bank of Nigeria (CBN) in December...

August 17, 2023 No Responses

Customs Intercepts 299 Cartons Of Codeine

The Nigeria Customs Service (NCS) has intercepted 299 cartons of codeine syrup, with a pledge to continue to curb unrestricted access to the drug being abused by some youths. The Acting Comptroller-General of Customs (CGC), Mr. Adewale Adeniyi, announced the.....

August 17, 2023 No Responses

Tinubu’s Ministers, Portfolios

President Bola Tinubu, on Wednesday, assigned portfolios to 46 Ministers designate cleared recently by the Senate. The list, released in a statement included former Rivers State governor Nyesom Wike as Minister of Federal Capital Territory (FCT) and Festu...

August 17, 2023 No Responses

Obaseki Harps On Payment Of Property Tax

The Edo State Governor, Mr. Godwin Obaseki, has met with stakeholders including professional and women groups, Civil Society Organisations (CSOs), traditional rulers and the business community in the State and sought their cooperation and collaboration on the ...

August 17, 2023 No Responses

Majestic Rig: NIMASA Dispatches Search, Rescue Team

In line with the mandate of the Nigerian Maritime Administration and Safety Agency, NIMASA, which includes safe shipping and cleaner oceans, a team comprising of Search and Rescue and marine accident investigation officers have been dispatched to the scene of....

August 17, 2023 No Responses

Photo News

L-R: Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, Senior Bureau Head, African Leadership Magazine, Bernard Adeka and NPA’s General Manager, Corporate and Strategic Communications, Josephine Moltok during a courtesy visit of African...