Economy Archives — Page 109 of 231

June 5, 2023 No Responses

DNV: Biofuel Key To Maritime Decarbonisation

The flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. In its latest white paper “Biofuels in shipping,” classification society, DNV reported that the current limitations in production capacity may impact...

June 4, 2023 No Responses

Edo Partners Group, To Boost Capacity Of 3000 Workers

Edo state government has entered into a partnership with Technology for Social change and Development Initiative (Tech4dev) as part of measures to boost capacity of 3000 workers. Addressing journalists in Benin City, the Edo State Head of Service, Anthony Okun...

June 3, 2023 No Responses

Samsung Signs $172m Crude Carrier Contract

South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a contract for the construction of two crude carriers. The shipbuilding firm will construct the vessels for an undisclosed shipowner from Oceania. The value of both ships is estimated at $172.....

June 3, 2023 No Responses

NLC: COMMUNIQUE AT THE END OF AN EMERGENCY NEC MEETING HELD ON FRIDAY, 2ND OF JUNE, 2023

On Monday, the 29th day of May, 2023 the President of the Federal Republic announced during his inaugural speech the withdrawal of Subsidy on Premium Motor Spirit (PMS) in Nigeria. Consequently, the price of the product which is central to transportation....

June 3, 2023 No Responses

MTN Is Africa’s Most Valuable Brands

Despite difficult operating conditions, Africa’s most valuable brands have demonstrated resilience and growth in 2023, according to the latest report by leading brand valuation consultancy, Brand Finance. The top 200 brands in Africa have seen a co...

June 2, 2023 No Responses

Onyema Projects More Investment Flows In Nigeria

On the back of the new administration’s readiness to remove the fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home, the Group Chief Executive Officer, Nigerian...

June 2, 2023 No Responses

David Isiavwe: Nigeria Needs More Investment In Infrastructure To Support Electronic Payment Systems

Cybersecurity expert, Dr. David Isiavwe says despite the gains of the cashless policy in Nigeria, implementation is challenged due to inadequate critical infrastructure to support electronic payment systems, particularly in rural areas. Dr. Isiavwe, who ...

June 1, 2023 No Responses

Oil Prices Dip Amid Weak Chinese Demand

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks, triggering fears of an oversupply amid signs of weaker Chinese demand. Reuters report that Brent crude...

May 28, 2023 No Responses

Kaduna, SAA FLAG OFF N100M FARM INPUTS DISTRIBUTION

The Kano State Agropastoral Project (KSADP) and Sasakawa Africa Association (SAA) on Saturday commenced the distribution of farm inputs to farmers across the 44 Local Governments Areas of the state as part of efforts to increase yield per ha, create...

May 26, 2023 No Responses

Shipowners Implore UN Member State On Ambitious Course For 2050

The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...

May 26, 2023 No Responses

2023 Hajj: Air Peace Begins Airlift Of Nigerian Pilgrims

Air Peace has commenced the airlift of Nigerian pilgrims for the 2023 Hajj, a statement issued by the airline has revealed. The statement made available to City Business News on Friday explained that the airline will be airlifting the pilgrims...

May 25, 2023 No Responses

Okomu Oil Shareholders Okay N21 Final Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022. This in addition to the N9 paid as interim dividend amounts to a total of...

May 24, 2023 No Responses

Akwa Ibom Distributes 600,000 Cocoa Seedlings To Farmers

The Akwa Ibom State Government has commenced the distribution of 600,000 cocoa seedlings to farmers for this year’s planting season. The Commissioner for Agriculture, Dr. Offiong Offor, who performed the distribution of the seedlings to farmers in Ini Local ...

May 24, 2023 No Responses

Anambra Declares 33 Per Cent Increase In IGR

THE Anambra Internal Revenue Service (AIRS) has declared increase in the state’s monthly internally generated revenue (IGR) from an average of N1.5 billion to N2 billion. Speaking during an interactive session with Journalists on Tuesday in Awka, the Chairma...