Economy – Page 110 – City Business News

July 31, 2024 No Responses

VFD Group Declares N3.11b Profit for H1 2024

VFD Group Plc has announced its unaudited financial results for the first half of the year 2024.The Group reported a profit after tax of N3.11 billion, demonstrating strong financial performance and resilience in a challenging economic landscape.Group’s total assets reached...

July 31, 2024 No Responses

NADDC DG Visits Kia Motors CNG- Conversion Workshop

Following the commencement of Accreditation and Certification of Workshops/Personnel for Conversion of Compressed Natural Gas (CNG) Powered vehicles, the Director General, National Automotive Design and Development Council (NADDC), Mr Oluwemimo Joseph Osanipin...

July 30, 2024 No Responses

Again, SAHCO Bags British Airways Award

Skyway Aviation Handling Company PLC (SAHCO) has been awarded the prestigious Punctuality Award by British Airways for its outstanding regularity and safety performance in the first and second quarters of 2024 at the Murtala Muhammed International Airport Lago...

July 30, 2024 No Responses

TotalEnergies Exits Offshore Blocks 11B/12B, 5/6/7

TotalEnergies has announced its withdrawal from Block 11B/12B, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest. TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, Bru...

July 29, 2024 No Responses

NCC Orders Immediate Reactivation of Lines Affected by NIN-SIM Verification Issues

The Nigeria Communications Commission(NCC)has directed all mobile operators to reactivate all lines that were disconnected over the weekend.The NCC said it took the decision because the consumer is its priority.A statement issued by Reuben Muoka,NCC Director, ...

July 29, 2024 No Responses

NLNG’s Chartered Vessel, AKTORAS, Arrives Bonny Terminal

A new state-of-the-art and energy-efficient vessel, AKTORAS, chartered by Nigeria LNG Limited (NLNG), has arrived at the Company’s Bonny Terminal for its maiden loading of LNG. The charter of the vessel by NLNG’s shipping subsidiary, Bonny Gas Transp...

July 29, 2024 No Responses

Obaseki Flags Off Distribution of 56,000 Bags of Rice

The Edo State Governor, Mr. Godwin Obaseki, at the weekend, flagged off the second phase of the Christian Feeding Programme (CFP) with the distribution of 56,250 bags of 10kg rice across the State as part of efforts to alleviate suffering...

July 28, 2024 No Responses

Shippers’ Council, NNPCL To Strengthen Partnership

Executive Secretary/ Chief Executive Officer, Nigerian Shippers Council (NSC), Barrister Pius Akutah, recently, led the management team to the Nigerian National Petroleum Corporation Limited (NNPCL) Towers in Abuja in a bid to enter strategic collaboration.Dur...

July 28, 2024 No Responses

Nigeria Fortifies Security At Borders

The Nigerian Government has ordered tightened security at the country’s border owing to the planned nationwide protest over the prevalent economic hardship in the country. In a statement, the spokesman of the Nigeria Immigration Service (NIS) KT U...

July 28, 2024 No Responses

CBN Allocates Another $148m To Authorised Dealers

The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to provide liquidity to the foreign exchange market. Acting Director of the Corporate Communications Department, Hakama Ali,...

July 27, 2024 No Responses

Lagos Postpones E-Call Up System For Lekki-Epe Corridor

The E-Call Up system on Lekki-Epe corridor, earlier scheduled to commence August 1, 2024, has been postponed by the lagos state government. The state government on Friday attributed the development to “stakeholders’ request to extend the timeliness to ...

July 27, 2024 No Responses

Reps Pass Shipping, Port Economic Regulatory Agency Bill

The House of Representatives has passed the Nigerian Shipping and Port Economic Regulatory Agency Bill. The Executive Secretary, Nigerian Shippers Council (NSC) Pius Akutah disclosed te development on Friday.Declaring the 2024 Operational Retreat or...

July 27, 2024 No Responses

National Assembly Moves To Strengthen NIMC Act

The National Assembly, as part of the moves to strengthen the regulatory function of the National Identity Management Commission, has embarked on repealing and enacting the NIMC Act No. 23. The NIMC Bill represents a significant legislative endeavour to ...

July 26, 2024 No Responses

Shettima, Sanwo-Olu, Others Harp On Collaboration For Effective Development

The Vice President of Nigeria, Senator Kasim Shettima and Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu have emphasised the importance of partnership, innovative thinking, and effective policies for shaping a new blueprint for sustainable development an...