Economy – Page 108 – City Business News

August 16, 2024 No Responses

‘Cartel Behind Nigeria’s Payment Of War Risk Premium’

The persistent war risk premium imposed on vessels operating in Nigerian waters is influenced by a cartel within the international insurance sector, the Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola, has said. Speaking at an interactive...

August 15, 2024 No Responses

NCDMB Boss At BEAMCO, Lauds NLNG, Train-7 Project

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday visited the facilities of BEAMCO Nigeria Limited in Lagos and commended the oil and gas service firm for the giant strides it recorded in....

August 15, 2024 No Responses

ACCESS Holdings Plc Extends Rights Issues Acceptance To August 24

Following the approval of the Securities & Exchange Commission (SEC), Access Holdings Plc has extended the acceptance period for its ongoing Rights Issue to August 23, 2024. It was initially scheduled to close on August 14, 2024. A statement signed...

August 15, 2024 No Responses

Lagos To Crackdown On Vandals Of BRT Buses

The Lagos State Government has vowed to crack down and bring the full weight of the law on criminal elements who are fond of attacking and vandalising BRT buses in the state. Mr. Idowu Oguntona, the Managing Director/CEO of Lagos...

August 13, 2024 No Responses

DMO Offers Two FG Savings Bonds For Subscription

The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to a statement by the DMO on Monday, the first offer is a two-year FGN savings bond due...

August 13, 2024 No Responses

NIMC Reaffirms Commitment To Protection Of NIN Database

The Director General/Chief Executive Officer of NIMC, Engr Abisoye Coker-Odusote, has reiterated the safety and protection of data in its National Identity Database (NIDB) as the country commemorates the National Civil Registration and Vital Statistics (CRVS) ...

August 13, 2024 No Responses

UBA, Four Others Face $900k Fraud Charges

United Bank for Africa (UBA) Plc has announced a strategic partnership with the Young Lawyers Forum (YLF) of the Nigerian Bar Association (NBA) with the aim to propel the professional development of over 50,000 young legal practitioners across Nigeria, by...

August 12, 2024 No Responses

NDLEA Intercepts US, UK-Bound Cocaine Consignments

The National Drug Law Enforcement Agency (NDLEA) has intercepted multi-billion-naira worth of cocaine concealed in automobiles and Ghanaian fabric, Kente. In a statement issued on Sunday by the agency’s spokesman, Femi Babafemi, 2.32 kilograms of cocaine con...

August 11, 2024 No Responses

Lagos Increases Blue Rail Line Trips To 72 Per Day

The Lagos Rail Mass Transit (LRMT) Blue Line will from Monday, 12th August 2024 increase its number of trips from 54 to 72 per day. However, the current schedule for Sunday operations remained unchanged The Managing Director of Lagos Metropolitan.....

August 11, 2024 No Responses

At Erelu’s Installation, Adeleke Harps On Agric Processing, Unity Among Obas

Governor Ademola Adeleke has called on traditional rulers to deepen unity among their ranks even as he spoke on his plans for the agricultural sector. The Governor represented by the Commissioner for Agriculture, Hon Tola Faseru made the call at...

August 10, 2024 No Responses

Ogun Allocates 100 Hectares Of Land For Dockyard, Naval Base

The Ogun State Government has allocated 100 hectares of land to the Nigerian Navy to build a Forward Operating Base in the state. The State Governor, Dapo Abiodun disclosed this on Friday during a courtesy visit to the Chief of...

August 10, 2024 No Responses

Innoson Lauds Tinubu’s CNG initiative, Economic Reforms

The Chairman/Chief Executive Officer of Innoson Vehicle Manufacturing Company Ltd (IVM), Nnewi, Chief Dr. Innocent Ifediaso Chukwuma, CON, has commended President Bola Tinubu for his recent Compressed Natural Gas (CNG) Initiative, which he said has many advant...

August 10, 2024 No Responses

Dangote To NUPRC: Enforce PIA Act On Crude Supply

Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be a...

August 8, 2024 No Responses

Ports & Cargo Boss Receives NSC Team, Laments Concession Renewal Delay

The Managing Director, Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group, Mr. John Jenkins, has raised concerns over the delay of port concession renewal in Nigeria.Port & Cargo terminal is one of the port operators waiting on...