City BusinessNews Archives — Page 83 of 371

December 15, 2023 No Responses

Firm Orders Four Methanol-Fueled Bulkers

China state-owned shipping company Shandong Shipping Corporation has been linked to an order of four methanol dual fuel bulkers from compatriot Qingdao Beihai Shipbuilding Heavy Industry. The 325,000 dwt vessels will be time chartered to Brazilian mining giant Vale, according...

December 14, 2023 No Responses

Lagos Budgets N2.246trillion For 2024

For the fiscal year 2024, the Lagos state government on Wednesday presented N2.246 trillion budget to the state House of Assembly for deliberation and approval. Presenting the 2024 appropriation bill tagged “Budget of Renewal” to the ...

December 14, 2023 No Responses

Oyetola To Prioritize Modernization, Rehabilitation Of Ports In 2024, Budget N10.9b

The Minister of Marine and Blue Economy, Adegboyega Oyetola has presented a N10.9bn, 2024 budget for his Ministry to the joint House Committees of the Senate on Marine Transport and the House of Representatives Committees on Ports and Harbour, Maritime...

December 14, 2023 No Responses

NGX All-Share Index Hits 72,000 Mark

The All-Share Index (ASI) of Nigerian Exchange (NGX), on Wednesday, crossed the 72,000 mark, increasing to 72,299.79 points.. The figure represents an increase of 392.53 points, representing a 0.55 percent when compared with 71,907.26 recorded at the previous ...

December 14, 2023 No Responses

Tesla Recalls Two Million Cars

Tesla is recalling more than two million cars after the US regulator found its driver assistance system, Autopilot, was partly defective. It follows a two-year investigation into crashes which occurred when the tech was in use. The recall applies to ...

December 13, 2023 No Responses

Lagos Unveils Fresh Agenda To Boost MSMEs

The Lagos State Government is putting in place support system needed by Micro, Small and Medium Enterprises (MSMEs) as part of measures to meet the target of exporting to Africa and beyond. The State Governor, Mr. Babajide Olusola Sanwo-Olu, disclosed...

December 13, 2023 No Responses

Qatar Airways Group CEO Joins IATA Board

Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer has been elected to the International Air Transport Association’s Board of Governors. The International Air Transport Association (IATA) is the trade association for the world’s...

December 13, 2023 No Responses

LASTMA Flags Off 2023 ‘Ember Months’ Campaign

The Lagos State Traffic Management Authority (LASTMA) has flagged off the Year 2023 Ember Months’ Public Enlightenment and Safety Advocacy Campaign with the newly launched ‘Lastma Female Elite Corp’ Speaking during the flag-off ceremony, the Ag. ...

December 12, 2023 No Responses

Nigeria Customs Targets N6tri Revenue In 2024

The Nigeria Customs Service (NCS) has concluded plans to generate N6trillion revenue for the Federal Government in 2024. The NCS Comptroller-General, Mr Adewale Adeniyi, stated this at the 2024 budget defense before the House of Representatives Committee on Ap...

December 12, 2023 No Responses

Tinubu Inaugurates Electric Taxis In Maiduguri

President Bola Tinubu on Monday inaugurated 50 four-seater electric taxis and 57 other gas-powered mass transit vehicles purchased by the Borno State Government to provide cheap transportation within the state and reduce the dependence on fossil fuel. &nb...

December 12, 2023 No Responses

NNPC, Firm Seal Floating LNG Project Deal

Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine (WOM), has entered into a memorandum of understanding (MoU) with Nigeria National Petroleum Corporation Limited (NNPCL) for the development of a floating LNG project in Nigeria, target...

December 11, 2023 No Responses

Rubber Processing Firm To Expand Plantations In Edo

The Rubber Estates Nigeria Limited (RENL) has disclosed plans to strengthen its partnership with the Edo State Government to establish a rubber processing factory, expand its out-grower scheme and facilitate the reactivation of dormant rubber plantation...

December 11, 2023 No Responses

Stakeholders Gear Up For 2023 ITREALMS E-Waste Dialogue @Welcome Centre Hotels

Stakeholders in the Information and Communications Technologies (ICT) sector are gearing up for the 2023 ITREALMS E-Waste Dialogue slated for this Friday, at Welcome Centre Hotels, International Airport Road, Ikeja, Lagos by 9am.This is coming as the Nigerian ...

December 11, 2023 No Responses

NIMASA Photo News

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh OFR paid a working visit to the Chief of Naval Staff, Vice Admiral E I Ogala in a quest to deepen the relationship between NIMASA and the...