Economy. Archives — City Business News

February 11, 2025 No Responses

Nigeria Customs Suspends Implementation Of 4% FoB Charge At Seaports

TheNigeria Customs Service (NCS) has suspended the implementation of 4% Free-on-Board (FoB) value on imports earlier announced by the service.This is sequel to ongoing consultations with the Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun and...

January 29, 2025 No Responses

FCT-IRS Seeks EFCC’s Collaboration In Tackling Tax Fraud

The Federal Capital Territory Internal Revenue Services (FCT-IRS) has called on the Economic and Financial Crimes Commission, EFCC, to assist it in tackling tax liability of suspects being investigated for any form of economic and financial crime and other act...

January 29, 2025 No Responses

Photo News

The Managing Director/CEO, Nigeria LNG, Dr. Philip Mshelbila (right) and Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, after a high-level engagement between representatives...

December 31, 2024 No Responses

Bankit MFB Unveils Web Banking Platform

Bankit MFB, an emerging financial institution in the Nigerian financial sector, has unveiled its web banking platform to provide customers with an additional digital channel to manage and carry out uninterrupted daily transactions on their phones, laptops and ...

December 28, 2024 No Responses

NDDC To Boost Niger Delta Chamber Of Commerce With N30b

The Niger Delta Development Commission, NDDC, has pledged to galvanise the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture, NDCCITMA, by releasing N30 billion counterpart fund for the development of young entrepreneurs.Speaking during ...

December 17, 2024 No Responses

Ethiopian Airlines, Air Congo Seal Partnership

Ethiopian Airlines, on Tuesday, announced partnership with the Government of the Democratic Republic of the Congo (DRC) for the establishment of Air Congo.Air Congo’s operations began with two Boeing 737-800 aircraft, serving domestic markets, starting with ...

December 16, 2024 No Responses

CGC To Comptroller Olomu: Sustain Tempo Of High Revenue With Compliance

Comptroller General of Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has commended the Area Controller of Apapa Port Command, Comptroller Babatunde Olomu, for the command’s outstanding revenue collection of over N2.2trillion and urged him to sus...

December 4, 2024 No Responses

Senate Passes Investments, Securities Bill 2024

In a major boost to the operations of the Securities and Exchange Commission(SEC) and the Nigerian capital market, the Senate has passed the Investments and Securities Bill 2024.The Investments and Securities Bill, meant to repeal the Securities and Exch...

November 29, 2024 No Responses

UBA Photo News

Group Chairman, United Bank for Africa (UBA) Plc, Mr Tony O. Elumelu, CFR; French Minister of Finance, Mr. Antoine Armand signing a landmark business cooperation agreement for the development of UBA’s full banking operations in France. Watching on are Presid...

October 23, 2024 No Responses

Shippers Council Seeks Amendment Of Act

The Executive Secretary, Nigerian Shippers Council (NSC), Pius Akutah, on Wednesday described the agency’s 1978 Act as obsolete.According to Akutah, the proposed amendment will align the agency with modern trend and development.Speaking at the Council he...

September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support pro...

September 4, 2024 No Responses

Again, Dangote Industries Emerges Most Valuable Brand In Nigeria

For the seventh consecutive years, Dangote Industries Limited has emerged as most valuable brand in Nigeria, leading other top brands like MTN, Airtel, Access Bank, Globacom and many others.The latest report of the TOP 50 BRANDS NIGERIA rankings, an annual...

August 27, 2024 No Responses

Reps At Port & Cargo, To Partner Oyetola On Port Concession Renewal

The House of Representatives Committee on Privatisation and Commercialisation has assured port stakeholders of the readiness of the committee to collaborate with the Minister of Marine and Blue Economy, Mr. Gboyega Oyetola, to resolve the port concession renew...

June 30, 2024 No Responses

How To Lift Nigeria’s Auto Industry, By NAMA

Nigeria’s automotive industry holds significant potential to contribute to the country’s economic development, the Nigeria Auto Manufacturers Association (NAMA) has said.In his presentation at the maiden edition of the Nigeria Auto Industry Summit ...