Economy – Page 103 – City Business News

September 7, 2024 No Responses

EFCC Returns 53 Cars, $180,300 Recovered From Fraudsters To Canada

The Economic and Financial Crimes Commission (EFCC) has handed over 53 vehicles and $180,300 stolen by fraudsters to the Royal Canadian Mounted Police. The Chairman of the Commission, Ola Olukoyede made the revelation during the handover of the assets in...

September 6, 2024 No Responses

Lagos, Chinese Firm Seal MoU On Agric Productivity

Lagos State Government has signed a Memorandum of Understanding with a Chinese food processing company, Yihai Kerry Arawana Holdings Co. Limited, to increase productivity in the rice value chain and enhance food production in the state. Babajide Sanwo-Olu, the...

September 6, 2024 No Responses

Atiku Lauds Dangote On Petrol Production

Former Vice President Atiku Abubakar has commended Dangote Refinery on the historic and landmark commencement of production of Premium Motor Spirit or petrol. Atiku in a statement on Thursday particularly hailed the Chairman of Dangote Group, Alhaji Aliko Dang...

September 5, 2024 No Responses

NIMC: Our System Working Optimally For NIN-SIM Linkage

The National Identity Management Commission(NIMC) has reiterated that the National Identification Number (NIN) enrolment, verification and authentication, modification of data and other services are going on seamlessly to meet the needs of Nigeria for the NIN-...

September 5, 2024 No Responses

TUC: Petrol Price Hike Will Worsen Workers’ Poverty

The increase in the pump price of petroleum would worsen poverty among workers, the Trade Union Congress of Nigeria (TUC) has said. In a statement on Wednesday, TUC President, Comrade Festus Osifo called on the Federal Government to “immediately rescind...

September 4, 2024 No Responses

Shettima Inaugurates $115m Upgrade Projects At West Africa Container Terminal

Vice President Kashim Shettima on Wednesday officially inaugurated a comprehensive $115 million upgrade project at the West Africa Container Terminal (WACT) in Onne, Rivers State.A statement explained that the investment underscores APM Terminals’ unwave...

September 4, 2024 No Responses

Export Promotion Council Lauds SIFAX Shipping, ECU Worldwide LCL Export Partnership

The Nigerian Export Promotion Council (NEPC) has lauded the collaboration between SIFAX Shipping and ECU Worldwide, describing it as a venture capable of boosting the nation’s export capacity and earnings.Mr. Arnold Jackson, Director, State Offices Coordinat...

September 4, 2024 No Responses

Imoke, Buratai, Maida, Others For 2024 GOCOP Conference In Kogi

Former Minister for Power and Steel, Senator Liyel Imoke has been confirmed as the keynote speaker at the annual conference of the Guild of Corporate Online Publishers (GOCOP) scheduled for October 3, 2024 in Lokoja, the Kogi State capital.This is...

September 4, 2024 No Responses

NLC Faults Petrol Price Hike

The Nigeria Labour Congress (NLC) on Tuesday demanded an immediate reversal of the hike in fuel price announced by the Nigerian National Petroleum Company Limited (NNPCL). The NNPCL increased the pump price of petrol from ₦568 to ₦855, ₦897 (depend...

September 3, 2024 No Responses

United Capital Trustees Appoints Michael Thomas As MD/CEO

United Capital Trustees, a subsidiary of United Capital Group has appointed Michael Abiodun Thomas as the new Managing Director/Chief Executive Officer. A statement explained that the appointment follows a rigorous approval process by the Securities and Exchan...

September 3, 2024 No Responses

Nigeria Reaffirms Partnership With Indonesia

The Federal Republic of Nigeria has reiterated its commitment to deepening ties with Indonesia, highlighting the untapped economic potential and promising avenues for collaboration. This was affirmed during the second Indonesia-Africa Forum, held from Se...

September 2, 2024 No Responses

NNPCL Admits Owing Petrol Suppliers

The Nigerian National Petroleum Company Limited (NNPCL) admitted at the weekend its “significant debt to petrol suppliers,” saying it poses a threat to the sustainability of fuel supply. In a statement on Sunday, NNPCL spokesman Olufemi Soneye said “Th...

September 1, 2024 No Responses

Minister Probes NIMASA Over Contract Allegations

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has ordered an investigation into contract allegations against the Nigerian Maritime Administration and Safety Agency (NIMASA) and its Executive Director, Maritime Labour and Cabotage Services, Abba ...

September 1, 2024 No Responses

Three Finalists Jostle For Nigeria Prize For Literature

THE Advisory Board for The Nigeria Prize for Literature has announced the finalists for the 2024 edition of the Prize. The shortlisted books in alphabetical order of their titles are: A Father’s Pride by Ndidi Chiazor-Enenmo The Road Does Not End b...