City Archives — Page 114 of 489

July 28, 2023 No Responses

World Bank Implores Nigeria On Borrowing From CBN

To reduce inflationary pressure on the economy, the World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on Thursday during an economic review session at...

July 28, 2023 No Responses

Hyundai Delivers 1,059,713 Vehicles In Q2

Hyundai Motor Company, on Thursday announced its business results for the second quarter of 2023, reflecting continued strong demand for its electric vehicles (EV), sport utility vehicles (SUV) and luxury models around the world. City Business News report that...

July 28, 2023 No Responses

Photo News

L-R: The India High Commission’s Second Secretary (Commerce), Pranay Sinha; the Niger Delta Development Commission (NDDC) Executive Director, Projects, Mr. Charles Ogunmola; the NDDC Managing Director, Dr. Samuel Ogbuku; the High Commissioner of India, Shri ...

July 27, 2023 No Responses

EU Adopts Final Rules On Regulating Shipping’s Climate Impact

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. World Maritime report that the final hurdle has been...

July 27, 2023 No Responses

Photo News

The Executive Management of the Niger Delta Development Commission, (NDDC), visited the European Union headquarters in Abuja, on Wednesday to discuss Public Private Partnership (PPP). From left is the NDDC Executive Director, Projects, Mr. Charles Ogunmola; th...

July 27, 2023 No Responses

Qatar Airways Cargo Explains Real-Time Personalised Pricing

Qatar Airways Cargo has announced that optimised, real-time pricing powered by PROS Smart Price Optimization and Management is now live on all online booking channels across its network. The real-time pricing engine provides Qatar Cargo customers an enhanced d...

July 26, 2023 No Responses

NGX Group Declares Interim Dividend

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the...

July 26, 2023 No Responses

NDDC Boss Harps On Partnership, Investment Opportunities Beyond Oil

The Niger Delta Development Commission (NDDC) is focused on deepening partnerships and promoting investments to secure the future of Niger Delta people in the years beyond oil-driven economy, Managing Director, Dr. Samuel Ogbuku, has said. Speaking durin...

July 25, 2023 No Responses

Edo Based Ethanol Refinery Targets $29m Per Annum

The Greenhill Ethanol Plant in Ologbo, Ikpoba Okha Local Government Area of Edo State, has been projected to meet 5.8 percent of Nigeria’s ethanol needs and rake in about $29 million in revenue yearly at full capacity. The projections were...

July 25, 2023 No Responses

Nigeria, Benin Republic To Tackle Multiple Taxes On Transit Cargoes

The Nigeria Customs Service (NCS) and the Benin Republic counterpart on Monday agreed to address the multiple taxes on transit cargoes along the ECOWAS corridor. They also agreed to harmonise the import prohibition policy to ensure that whatever was banned...

July 24, 2023 No Responses

NDLEA Impounds N3.7b Tramadol At Lagos Airport

The National Drug Law Enforcement Agency (NDLEA) has impounded over five million pills of Tramadol worth N3.7b. In a statement on Sunday, the agency’s Director, Media, and Advocacy, Femi Babafemi, disclosed that the seizure was achieved through the collabora...

July 24, 2023 No Responses

Lagos: 103 Dead EndSARS Victims Not From Lekki Tollgate

The Lagos State Government, on Sunday responded to a leaked memo revealing its approval of N61,285,000 for the mass burial of 103 victims of the #EndSARS protest against police brutality in 2020. The state government said contrary to what it...

July 24, 2023 No Responses

Why Edo Govt Can’t Fix Benin-Auchi, Benin-Sapele, Other Roads, By Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the state government cannot intervene in fixing the Benin-Auchi and Benin-Sapele Roads because the Federal Government has already awarded contracts for the repair of the roads. Obaseki disclosed this to jour...

July 23, 2023 No Responses

Edo To Meet Stakeholders On Regulation Of Petrol, Gas

The Edo State Government is to meet with stakeholders on Thursday, July 27, 2023, as part of steps to implement the Benin City and Edo State Regional Development Masterplans. In a statement, Commissioner for Physical Planning, Housing, Urban and Regional ...