Economy Archives — City Business News

July 25, 2024 No Responses

NADDC, NOA To Synergize On Public Enlightenment Campaign

To create more awareness of the developments in the Nigeria automotive industry, the National Automotive Design and Development Council(NADDC) and the National Orientation Agency(NOA) are set for collaborative engagements.This was disclosed on Wednesday by the...

July 25, 2024 No Responses

Nigeria Customs Partners US Customs & Border Protection To Combat Illicit Trade

The Nigeria Customs Service is collaborating with the United States Customs and Border Protection Agency (CBP) on using Artificial Intelligence (AI) to curb the flow of illicit drugs and arms into the West African nation.In an exclusive interview with the...

July 25, 2024 No Responses

Lagos To Deploy 2,000 CNG Buses, 5,000 Cars

Lagos State Governor, Babajide Sanwo-Olu has disclosed plans to deploy 2,000 high-capacity buses through the Public Private Partnership (PPP) model for mass public transportation next year (2025). Governor Sanwo-Olu made the revelation at the Lagos Invest...

July 24, 2024 No Responses

NCDMB, UBEC Explore Capacity Building Opportunities, Support For Basic Education

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs o...

July 24, 2024 No Responses

Again, CBN Raises Interest Rate

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee...

July 24, 2024 No Responses

SIFAX Group Appoints Eniola-Jegede Group Coordinating Director

The Board of Directors of SIFAX Group has approved the appointment of Mrs. Wunmi Eniola-Jegede as the Group Coordinating Director. Until this appointment, Eniola-Jegede was the Executive Director, Human Resources, Business Development, and Strategic Planning. ...

July 24, 2024 No Responses

Gabon Invites Dangote To Invest In Cement, Fertilizer Production

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment ...

July 24, 2024 No Responses

Dantsoho Visits Tin-Can Ports, Harps On Development Of Infrastructure

The Managing Director, Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has identified the speedy rehabilitation of dilapidated port infrastructure across the nation as his topmost priority. Dantsoho, who was speaking on Tuesday during an unscheduled visi...

July 23, 2024 No Responses

Agwu, Agomoh, Retires As FRSC Promotes Eight Deputy Corps Marshalls

The Secretary to the Government of the Federation, Senator George Akume has approved the appointment of eight Assistant Corps Marshals (ACM), to the rank of Deputy Corps Marshal (DCM).Meanwhile, three of the DCMs are to proceed on immediate retirement, the...

July 23, 2024 No Responses

Minister, NMDPRA, NUPRC, NNPC Team Meet With Dangote

The Minister of State Petroleum Resources [Oil], Heineken Lokpobiri and other stakeholders have held a meeting with the President and CEO of Dangote Group, Aliko Dangote over issues surrounding the Dangote Refinery. Dangote and Nigeria’s regulator...

July 23, 2024 No Responses

At Okomu Oil Palm, Netherlands Consul-General Harps On Support For Small Holders

The Consul-General to the Kingdom of Netherlands in Nigeria, Michel Deelen has commended Okomu Oil Palm company PLC for her partnership with small holders. The Diplomat spoke during a visit to Okomu Oil and after an interactive session with smallho...

July 23, 2024 No Responses

FRSC Promotes Eight Deputy Corps Marshalls, Agwu, Agomoh, Retires

The Secretary to the Government of the Federation, Senator George Akume has approved the appointment of eight Assistant Corps Marshals (ACM), to the rank of Deputy Corps Marshal (DCM).Meanwhile, three of the DCMs are to proceed on immediate retirement, t...

July 22, 2024 No Responses

Dana Motors Seals CNG Conversion Kits Mass Distribution Deal

As part of the Presidential Compressed Natural Gas (CNG) Initiative, Dana Motors, one of the conversion centers, has announced participation in the mass distribution. The initiative marks a significant milestone in Nigeria’s journey towards...