Economy – Page 107 – City Business News

August 20, 2024 No Responses

FG Appoints New Management Team For Niger Delta Power Holding Company

President Bola Tinubu has approved the appointment of a new management team for the Niger Delta Power Holding Company (NDPHC) with Engineer Jennifer Adighije as the Managing Director/Chief Executive Officer. A statement issued by the Special Adviser to the President on Media...

August 20, 2024 No Responses

FirstBank Commemorates Corporate Responsibility & Sustainability Week

FirstBank has announced its 2024 Corporate Responsibility and Sustainability (CR&S) Week, scheduled for 19 to 24 August. A statement explained that this year’s edition aims to reinforce the bank’s positive outcomes of sowing seeds of kindn...

August 19, 2024 No Responses

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend

The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the...

August 19, 2024 No Responses

Edo Grants Waiver To Nigeria’s First Loyola Jesuit University

The Edo State Government through the Ministry of Physical Planning, Housing, Urban and Regional Development has granted approval to Jesuit Education Worldwide for the development of the first Loyola Jesuit University in Nigeria. The university, it was gathered...

August 19, 2024 No Responses

Obaseki Congratulates Edo Queens For Semifinals Qualifications At CAF Champions League Play-Off

The Edo State Governor, Mr. Godwin Obaseki, has congratulated the State’s female football team, Edo Queens for securing a ticket at the CAF Champions League WAFU B Qualifier, after defeating Omnisport Etincelle 1-0 in their final Group B match. Edo Quee...

August 18, 2024 No Responses

Oil Palm: Edo Flags Off New Phase With 50,000 Hectares

The Edo State Governor, Mr. Godwin Obaseki, at the weekend flagged off the second phase of the Edo State Oil Palm Programme (ESOPP) with about 50,000 hectares of land at Okogbo Community in Orhionmwon Local Government Area of the State.Obaseki,...

August 18, 2024 No Responses

TotalEnergies Starts Production From Anchor Field

TotalEnergies has announced the start of production from the Anchor field, located in the US Gulf of Mexico, in which the Company has a 37.14% interest alongside operator Chevron (62.86%). Located 225 kilometers off the Louisiana coast, Anchor, which developme...

August 18, 2024 No Responses

NDDC Boss: Fiscal Responsibility, Imperative For Public Servants

The Managing Director, Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the need for public servants entrusted with the stewardship of public resources to demonstrate fiscal responsibility both in their professional capacities and perso...

August 17, 2024 No Responses

NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurem...

August 17, 2024 No Responses

Ecobank Unveils Top Finalists For 2024 Fintech Challenge

Ecobank has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre in Lagos, Nigeria. According to Ecobank, the finalists were selected from a cohort of 40...

August 17, 2024 No Responses

FG, States, LGAs Share N1.358trilion In July

For the Month of July, 2024, N1.3 trillion has been disbursed to the Federal , State and Local Government Areas. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. A...

August 17, 2024 No Responses

Ondo Begins Payment Of N3.2b Gratuity To Retirees

Ondo State Governor, Lucky Aiyedatiwa, has flagged off the third batch of payment of a sum of N3.2 billion backlog of gratuities to retirees in the state. The payment is made up of N2.2 billion in gratuities to state civil...

August 16, 2024 No Responses

NPA Appoints New Port Managers For Apapa, Tin Can, Others

The Nigerian Ports Authority (NPA) has appointed new port managers as part for measures to enhance efficiency.The appointment, according to NPA takes immediate effect.A memo dated August 14, 2024 signed by the NPA Managing Director, Dr. Abubakar Dantsoho, expl...

August 16, 2024 No Responses

Nigeria Confirms 39 Cases Of Monkey Pox

The Nigeria Centre for Disease Control (NCDC) has confirmed 39 cases of monkeypox across 33 states and the Federal Capital Territory. Director General of the NCDC, Dr Jide Idris, disclosed the development on Thursday at a press briefing on the declaration of...