Economy Archives — City Business News

December 1, 2023 No Responses

FRC Slams N500m Fine On NIMASA Over Financial Report

The Financial Reporting Council of Nigeria (FRC), has fined the Nigerian Maritime Administration and Safety Agency’s (NIMASA), the sum of N500 million over misstatement in its audited financial statements for the year ended December 31, 2018. According to FRC notice...

November 30, 2023 No Responses

Lagos Seeks Collaboration With African Leaders On Continent’s Investment Potentials

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has charged African leaders, policymakers, intellectuals and all Africans, to initiate strategies that will deliver balanced and equitable development that leaves no one behind. The Governor made this call a...

November 30, 2023 No Responses

Delta Budgets N714.4b For 2024

Delta State Governor, Sheriff Oborevwori on Wednesday presented a budget of N714.4 billion for 2024 to the State House of Assembly for approval. Presenting the budget tagged ”Budget of Hope and Optimism”, Oborevwori said it was made up of N316.6 billi...

November 29, 2023 No Responses

Oyetola Woos Brazil, Jamaica, To Sign MoU With Saudi Arabia

The minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica, expressing Nigeria’s government interest in lear...

November 29, 2023 No Responses

15 Key Resolutions From Auto Stakeholders’ Engagement With NADDC In Lagos

Key Auto Players in Nigeria have challenged the Federal Government to stimulate growth of local manufacturing clusters as part of measures to support the automotive sector. This form part of the recent Auto Policy Stakeholders’ ...

November 28, 2023 No Responses

FEC Approves N27.50trillion Budget For 2024

The Federal Executive Council (FEC) has approved the 2024 appropriation bill of N27.50 trillion, with a N1.5 trillion increase from the earlier estimated bill. The government had proposed N26.2 trillion but reviewed the Medium Term Expenditure Framew...

November 28, 2023 No Responses

NADDC Raises Alarm Over DG’s Impersonation, Fraud

The National Automotive Design and Development Council (NADDC) on Monday raised alarm over the alleged impersonation of its Director General, Mr Oluwemimo Joseph Osanipin. In a public notice obtained by City Business News, NADDC said:...

November 28, 2023 No Responses

Maida Urges Nokia To Invest In Nigeria’s ICT R&D

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Informat...

November 27, 2023 No Responses

At IMO General Assembly, Oyetola Reiterates FG’s Commitment To Reposition Maritime Sector

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has restated the commitment of President Bola Ahmed Tinubu’s administration to reposition the nation’s maritime sector in line with its agenda for economic growth and developme...

November 27, 2023 No Responses

Agency Partners DP World On Maritime Logistics

The International Renewable Energy Agency (IRENA) has signed a collaboration agreement with DP World, a UAE-based port developer and operator, to advance decarbonization solutions for ports and maritime logistics. Through the agreement, the two organizations w...

November 27, 2023 No Responses

Obaseki In China, Woos Investors

The Edo State Governor, Mr. Godwin Obaseki, has continued his foreign investment drive, rallying investors to take advantage of the business-friendly environment and other incentives provided by his administration to invest in new frontiers and expand the...

November 26, 2023 No Responses

NDDC To Unveil Sustainable Development Vision

Chairman of the Governing Board, Niger Delta Development Commission (NDDC) Mr. Chiedu Ebie, has disclosed that the new leadership in the Commission will unveil the right vision and set the tone for the management to drive the sustainable development of...

November 26, 2023 No Responses

NAJA Releases 2023 Auto Award Nominees

The Awards Committee of the Nigeria Auto Journalists Association (NAJA) has released list of nominees for its 2023 Nigeria Auto Awards.The grand award event is scheduled for December 14 at the Oriental Hotel, Victoria Island, Lagos.The list features over 30...

November 25, 2023 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, on Friday, received the Belgian Ambassador to Nigeria, Mr. Pieter LeenKnegt, at the Authority’s Corporate Headquarters in Marina.