City BusinessNews Archives — Page 69 of 371

February 10, 2024 No Responses

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...

February 10, 2024 No Responses

Lagos To Disburse N3.1b To 1,000 Retirees

Lagos State Governor, Babajide Sanwo-Olu, has announced the state government plans to disburse N3.1 billion to over 1,000 retirees in the state in the coming week. Sanwo-Olu made this announcement on Friday via his X (formerly Twitter) account...

February 10, 2024 No Responses

APM Terminals To Invest $500m In Apapa Port

The owners of APM Terminals have expressed their readiness to invest half a billion dollars in Apapa port to make it one of the biggest in Africa. This was disclosed by the Global CEO of APM Terminals, Mr. Keith Svendsen...

February 10, 2024 No Responses

Lagos To Sanction, Impound Vehicles With Defective Number Plates

The Lagos State Government has warned motorists who drive vehicles without proper number plates or use covered ones that they stand the risk of having their vehicles impounded. The Commissioner for Transportation, Oluwaseun Osiyemi, issued the warning on Frida...

February 10, 2024 No Responses

USCG To Partner NIMASA On Removal Of COE

The United States Coast Guard USCG, has offered Nigeria a three-year plan to work with the Nigerian Maritime Administration and Safety Agency, NIMASA for the removal of the Condition of Entry (CoE), placed on American-bound vessels from Nigeria. Cdr. Jul...

February 9, 2024 No Responses

Shell Seeks NCDMB’s Support For Oil, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects notably Bonga North deepwater and HI and HA,...

February 9, 2024 No Responses

Akwa Ibom Harps On Collaboration With NDDC

The Governor of Akwa Ibom State, Pastor Umo Eno, has urged the Board and Management of the Niger Delta Development Commission, NDDC, to emphasise collaboration in its efforts to fast-track the development of the Niger Delta region.Governor Eno spoke at...

February 9, 2024 No Responses

Abducted Passengers Of GIG, ABC Transport Buses Regain Freedom

All the 14 passengers of God Is Good (GIG) Motors and ABC Transport on Thursday finally regained freedom from their abductors in Kogi. SP Williams Ovye-Aya, Kogi Police Command’s Public Relations Officer, who confirmed their release to the News Agency...

February 9, 2024 No Responses

How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co

A Pan-African Credit Rating Agency Agusto & Co has identified three major economic variables that are likely to have a fareaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024.Agusto & Co is a leading provider of industry...

February 9, 2024 No Responses

16 Political Parties To Contest Edo Poll

The Independent National Electoral Commission on Thursday, disclosed that 16 political parties have indicated interest to contest the Edo poll on September 21, 2024. It will be recalled that INEC released the timetable and schedule of activities for the Edo...

February 9, 2024 No Responses

NLC, TUC Issue 14-Day Ultimatum

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have issued a 14-day ultimatum to the Federal Government over the non-implementation of the 16-point agreement both parties reached after the removal of the petrol subsidy. In a statement...

February 9, 2024 No Responses

Glo, MTN Resolve Interconnect Debt Dispute

The Nigerian Communications Commission (NCC) is pleased to announce that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been amicably resolved. NCC in a statement issued by Reuben Muoka, Director...

February 8, 2024 No Responses

FG Trains, Empowers 250 Farmers

The Federal Ministry of Agriculture and Food Security (FMAFS) has commenced training and empowerment of 250 beneficiaries of National Poverty Reduction with Growth Strategy (NPRGS) in Bayelsa.Permanent Secretary in the ministry, Mr Temitope Fadeshemi, sai...

February 8, 2024 No Responses

Royal Father To FG: Regulate Foodstuffs Prices To Reduce Suffering

OBA Rafiu Balogun, the Elejirin of Ejirin Kingdom in Epe, Lagos State, has called on the Federal Government to regulate prices of foodstuffs and other household commodities. Balogun said that the measure would reduce the suffering of poor Nigerians. The...