Economy – Page 10 – City Business News

July 14, 2026 No Responses

Nigeria, Hong Kong Sign Agreement To Eliminate Double Taxation

The Federal Government of Nigeria and the Hong Kong Special Administrative Region of the People’s to Republic of China have signed a landmark Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of...

July 14, 2026 No Responses

Renaissance Signs 16-Year Gas Supply Deal With Indorama

By ebosele@hotmail.com – Renaissance has signed a landmark Gas Sale Agreement (GSA) with Indorama Fertilizer FZE for the long-term supply of up to 60 million standard cubic feet per day (MMscf/d) of natural gas from the ANOH Gas Processing Facility...

July 14, 2026 No Responses

Post Clearance Audit: Why The World Bank Technical Assistance Matters For Nigeria’s Trade Competitiveness

By Okey Ibeke – The recent Technical Assistance Mission on Post Clearance Audit (PCA) organised by the World Bank Group in collaboration with the Nigeria Customs Service (NCS) under the Accelerated Revenue Mobilization Reform (ARMOR) Programme deserves m...

July 12, 2026 No Responses

LAMATA Partners CCECC On Railway Training Centre

The Lagos Metropolitan Area Transport Authority (LAMATA) has signed agreement with China Civil Engineering Construction Corporation (CCECC) to establish a state-of-the-art Railway Training Centre, a strategic plan aimed at developing the skilled workforce requ...

July 9, 2026 No Responses

NLNG Wins Operational Excellence Award At NOG Energy Week 2026

Nigeria LNG Limited (NLNG) has been honoured with the Energy Awards 2026 Operational Excellence Award at the 25th anniversary edition of NOG Energy Week, reaffirming the company’s commitment to safe, reliable and efficient operations which continue to se...

July 8, 2026 No Responses

NADDC DG Briefs Tinubu On Automotive Sector’s Industrialisation Drive

The Director-General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin, has briefed President Bola Ahmed Tinubu on the Council’s progress in advancing Nigeria’s automotive industry, reaffirming the Federal G...

July 8, 2026 No Responses

National Shipping Line: Beyond Oyetola’s Promises

By Okey IBEKE At the 2026 Day of the Seafarer celebration held in Lagos on Thursday, June 25, the Minister of Marine and Blue Economy, Adegboyega Oyetola, once again reaffirmed the Federal Government’s commitment to establishing a national shipping carrier.....

July 7, 2026 No Responses

NAMA Warns Against Tariff Cut, Seeks Support For Local Auto Industry

By ebosele@hotmail.com The Nigerian Automotive Manufacturers Association (NAMA) has called on the Federal Government to complement its 2026 Fiscal Policy Measures with a comprehensive industrial support framework, warning that rapid tariff liberalisation witho...

July 6, 2026 No Responses

My Farewell From UBA, By Tony Elumelu

Why create an institution? To ensure that an institution can live long, grow ever stronger and deliver a vision.I have never been able to look at Africa and see only borders. Where many see fifty-four separate markets, I saw one...

July 5, 2026 No Responses

Shippers’ Council Boss: Renewed Hope Agenda Driving Port Reforms, Greater Value For Shippers

The Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, MON, has said that the Council’s ongoing reforms in the maritime sector are firmly aligned with the Renewed Hope Agenda of President Bola Ahme...

July 5, 2026 No Responses

Customs, UBA Deepen Trade Facilitation Partnership

The Nigeria Customs Service (NCS) and the United Bank for Africa (UBA) have reaffirmed their commitment to strengthening collaboration to advance trade facilitation and support key digital transformation initiatives, following a high-level meeting at the Servi...

July 5, 2026 No Responses

Nigeria, Ghana Strengthen Maritime Ties With Strategic MoU

The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Ghana Maritime Authority (GMA) have signed a Memorandum of Understanding (MoU) to strengthen bilateral maritime cooperation, enhance regional maritime governance, and promote the sustainab...

July 5, 2026 No Responses

Customs, Afreximbank Deepen Trade Facilitation Partnership

The Nigeria Customs Service (NCS) has again reaffirmed its commitment to advancing intra-African trade by deepening its partnership with the African Export-Import Bank (Afreximbank) to strengthen trade facilitation, enhance customs cooperation, and accelerate ...

July 4, 2026 No Responses

Shippers’ Council Advances Sweeping Reforms, Saves Nigerian Economy, Shippers ₦90.6bn, $1.35m

By Moses Ebosele, ebosele@hotmail.com The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Pius Akutah, on Saturday in Lagos explained in details how the Council safeguarded more than ₦90.60 billion and $1.34...