Tag: Citybusinessnews
Edo, Oando To Generate 175MW Wind Energy
The Edo State Government’s renewable energy programme being implemented in partnership with Oando Energy will result in the construction of wind turbines across three locations in the three senatorial districts of the State.The locations, according to studie...
NADDC To Partner Oando Clean Energy On Vehicle Electrification
The National Automotive Design and Development Council (NADDC) and Oando Clean Energy are set to forge closer ties on Vehicle Electrification. According to NADDC, a courtesy visit to the Council by Oando Clean Energy Executive Vic...
Ministry To Grow Eastern Port Vessel Traffic
The ministry of Marine and Blue Economy, on Tuesday, said it’s poised to provide the facilitation and advocacy required to grow the vessel traffic to the Eastern port. Speaking at the commissioning of 4.8km road and Marine craft at Onne...
NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR).According to Dr. Mshelb...
Customs Boss Visits Buhari, Emir Of Daura
In continuation of his strategic stakeholders engagement, the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, on Saturday visited former President Muhammadu Buhari and his Royal Highness, the Emir of Daura, Dr. Farouk Umar Far...
SIFAX Group Appoints Basil Agboarumi Executive Director
SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Int...
Heirs Energies Expands Gas Supplier To Geometric Power Plant
Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...
NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others
NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, ...
Ghana Suspends GTB, First Bank’s Forex Licences
Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...
Experts Propose Advancing AfCFTA Implementation As Theme Of Next Conference Of Ministers
The next Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM2025) will be held in Ethiopia in March 2025. A statement issued on Sunday explained that at the closing of the Experts Segment of...
FG Approves 90-Day Window For Payment Of Duty On Improperly Imported Vehicles
To enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Minister of Finance and Coordinating Minister of the Economy, has announced a 90-day window for regularizing import duties on specific ca...
Africa Prudential Appoints Catherine Nwosu CEO
Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange Group (NGX Group), has announced a historic leadership transition. Effective March 1, 2024, Catherine Nwosu will become the company’s first female Chief Executive Offic...
CBN Revokes Operational Licenses Of 4,173 BDCs
The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...