Economy Archives — City Business News

April 27, 2024 No Responses

Edo 2024: Obaseki, Igbinedion, Danjuma, Ikimi, Others Lead PDP Campaign Council

The Edo State Governor, Mr. Godwin Obaseki has been named head of the Advisory Committee for the 2024 Edo State Peoples Democratic Party (PDP) Governorship Campaign Council, with the Esama of Benin Kingdom, Chief Gabriel Igbinedion and National Leader of...

April 26, 2024 No Responses

Netherlands To Invest $250m In Nigeria

Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria. The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to t...

April 26, 2024 No Responses

MTN, Airtel, Glo, Others Set To Raise Tariff

MTN, Airtel and Globacom have pushed for cost-reflective tariff in view of extant economic realities. This was contained in a statement jointly released by the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of Telecommun...

April 25, 2024 No Responses

Nigeria Customs Reaffirms Commitment To Gender Equality

The Nigeria Customs Service (NCS) has reiterated its dedication to promoting gender equality in decision-making processes as part of its efforts to combat gender discrimination and gender-based violence.At a capacity-building workshop on gender inclusivity, co...

April 25, 2024 No Responses

Nigeria Revokes Additional 924 Dormant Mineral Licences

The Federal Government has revoked an additional 924 dormant mineral licences with immediate effect. The revoked mineral licences which include 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licenses, were disclosed...

April 25, 2024 No Responses

Ogbuku: Technology, Key To Growth In Niger Delta

The Managing Director, Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has emphasised the importance of technology in driving economic growth and social development in the Niger Delta region. Speaking at the Port Harcourt Tech Expo 2024, Ogbuku, sa...

April 25, 2024 No Responses

Obaseki Rallies Stakeholders In Uhunmwode, Orhionmwon On Regional Development

The Edo State Governor, Mr. Godwin Obaseki, on Wednesday, met with residents and other stakeholders in Orhionmwon and Uhunmwode Local Government Areas (LGAs) of the State to seek their support and input in the State’s Regional Development and Benin City...

April 24, 2024 No Responses

Minister, NADDC Boss, Others To Speak At Nigeria Auto Industry Summit

All is now set for the maiden edition of the Nigeria Auto Industry Summit (NAISU) being organized by the Nigeria Auto Journalists Association (NAJA) in partnership with the National Automotive Design and Development Council (NADDC).Scheduled to hold at Radisso...

April 24, 2024 No Responses

Shippers Council Registers 160 Port Operators

The Nigerian Shippers Council (NSC) has enrolled 160 port stakeholders into its Regulated Port Service Provider and Users platform since the initiative began in 2023. The Executive Secretary of NSC, Mr Pius Akutah, made the disclosure to the News Agency....

April 23, 2024 No Responses

FG Unveils N200b Intervention Fund For MSMEs, Manufacturers

The Federal Government has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announce...

April 23, 2024 No Responses

Court Frees Ex-NIMASA DG Over Alleged ₦8.5b Fraud

The Federal High Court sitting in Lagos has freed a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, over an alleged ₦8.5bn fraud brought against him by the Economic and Financial Crimes C...

April 23, 2024 No Responses

Edo Distributes Inputs To 1,734 Farmers

The Edo State Government has commenced the distribution of farm inputs and processing equipment to smallholder farmers across the seven local government areas in Edo South Senatorial District for the 2024 planting season. The distribution was carried out throu...

April 23, 2024 No Responses

TotalEnergies Acquires Stake In Gas Firm With $530m

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustment...