Economy Archives — Page 111 of 231

May 11, 2023 No Responses

Toyota Appoints CFAO Motors Distributor In Nigeria

By Moses Ebosele, ebosele@hotmail.com Foremost distributor of mobility products and services in Nigeria, CFAO Motors has been appointed as an official distributor of Toyota vehicles in Nigeria. The appointment positions CFAO Motors as the second official distributor of Toyota vehicles in Nigeria and...

May 11, 2023 No Responses

Nigeria Approves New Auto Policy

The Federal Executive Council (FEC) has approved the new National Automotive Industry Development Plan (NAIDP) 2023. The memo for the plan was presented by the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, during this Wednesday FEC meetin...

May 11, 2023 No Responses

NPA, Customs, NEPZA, Others Reiterate Support For Lekki Port

By Moses Ebosele, ebosele@hotmail.com Key Federal Government agencies have resumed full activities at the recently inaugurated $1.5 billion Lekki Port and Lekki Freeport Terminal. Representatives of the agencies who spoke at an interactive sess...

May 10, 2023 No Responses

NPA, CBN Boost e-Call Up Scheme With NXP Requirements

By Moses Ebosele. ebosele@hotmail.com — As part of measures to enhance Electronic Call Up system, the Nigerian Ports Authority (NPA) in collaboration with the Central Bank of Nigeria (CBN) is at the conclusive stage to integrate the CBN NXP requirements...

May 9, 2023 No Responses

FAAN TO HOLD SECOND EDITION OF NATIONAL AVIATION CONFERENCE

The Federal Airports Authority of Nigeria (FAAN) is set to play host to all stakeholders and investors, at the second edition of the FAAN National Aviation Conference (FNAC2) The theme of this edition, which will be holding at the...

May 9, 2023 No Responses

NIMASA DG X-Rays Untapped Opportunities In Marine Tourism

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has called for collaboration between the tourism and maritime sectors in Nigeria, stating that with the enormous resources inherent in...

May 9, 2023 No Responses

Airtel Pays NCC N58.7b For Spectrum License Renewal

Airtel Nigeria, a subsidiary of Airtel Africa has paid N58.7 billion to the Nigerian Communications Commission (NCC) to renew its 2×10 MHz 2100 MHz spectrum license. A statement to the Nigerian Exchange Limited (NGX) signed by Company Secretary Simon O’Hara...

May 9, 2023 No Responses

Tincan Island Port Receives Largest Ever Container Vessel

The Nigerian Ports Authority (NPA) recorded yet another milestone today, Tuesday, May 9, 2023 with the berthing at the TinCan Island Port Complex of “the largest-ever container vessel to call at the Lagos Pilotage District”. The vessel MSc Maureen ha...

May 8, 2023 No Responses

NIMASA To Nigerians In Diaspora: Invest In Maritime Sector

The Nigerian Maritime Administration and Safety Agency (NIMASA), has called on Nigerians in diaspora to consider investing in the country’s maritime sector, describing it as the next big thing packed with assets to fuel the growth of the economy. N...

May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, t...

May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...

May 6, 2023 No Responses

Court Orders UBA To Take Over Ogiemwonyi’s Properties

A Federal High Court in Lagos has granted an order directing United Bank for Africa (UBA) Plc, to take over two properties located in Benin City, Edo State, belonging to Godwin Ogiemwonyi (trading under the names of Ogiemwonyi Godwin Nigeria...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...