Economy – Page 116 – City Business News

July 5, 2024 No Responses

Access Holdings Leads In PBSI Ranking

In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from...

July 4, 2024 No Responses

NPA Unveils New Tugboats

Minister of Marine and Blue Economy, Adegboyega Oyetola, has commissioned three newly acquired 80 tons bollard pull tugboats deployed to enhance the berthing of vessels at the Dangote Refinery and Lekki Deep Seaport.Christened MT IRAGBIJI, MT DAURA, and MT BAM...

July 4, 2024 No Responses

Customs Impounds Firearms, Drones At Lagos Airport

The Nigeria Customs Service (NCS) has seized assorted arms, drones, and military accoutrements worth ₦1.5bn exported from Turkey to Lagos State. Comptroller General of Customs, Adewale Adeniyi, disclosed this in Lagos on Wednesday at the Murtala Muhammed Are...

July 3, 2024 No Responses

NOVA Bank Commences Operations As National Commercial Bank.

NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island.This follows the Central Bank of Nigeria’s ...

July 3, 2024 No Responses

At TAAM Conference, Experts Outline Blueprint For Sustainable Shipping

As Nigeria continues to harness the potential of its maritime sector, experts have advocated for sustainable practices to ensure the long-term health and productivity of its blue economy.According to various experts who spoke at the sixth edition of the Taiwo....

July 3, 2024 No Responses

CBN To Sanction Banks, BDCs Over Rejection Of Lower Dollar Bills

The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive...

July 3, 2024 No Responses

Bill To Repeal NIMC Act Passes Second Reading

A bill to repeal the National Identity Management Commission (NIMC) Act 2007 has passed the second reading in the Senate. The bill provides for the establishment of a National Identity Database, and the NIMC is charged with the responsibilities for...

July 2, 2024 No Responses

NNPC Declares State Of Emergency On Crude Oil Production

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this...

July 2, 2024 No Responses

Cardoso: Non-Bank Transactions Threaten Financial Stability In West Africa

The rising transaction volumes by non-banks threaten financial stability in West Africa, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. He stated this on Monday at the 10th meeting of the College of Supervisors for...

July 2, 2024 No Responses

NDDC To Develop New Strategies For Niger Delta Development

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has assured that the Niger Delta Stakeholders Summit, coming up on July 10-13, 2024, will develop strategies for economic growth and development of the Niger Delta Region....

July 1, 2024 No Responses

PwC Nigeria Announces Three New Partners

PwC Nigeria has announced the admission of three new partners effective, 1 July 2024.They include Marilyn Obaisa-Osula (Consulting & Risk Services), Taiwo Oyaniran (Assurance), and Tim Siloma (Tax & Regulatory Services).This announcement is part of PwC...

July 1, 2024 No Responses

NDLEA Arrests 60 Suspects In Abuja

The National Drug Law Enforcement Agency (NDLEA) on Sunday arrested Sixty suspects comprising 25 males and 35 females at a drug party in Abuja. The suspects were nabbed in the nation’s capital on Friday night following credible intelligence about the...

July 1, 2024 No Responses

Ecobank Nigeria Unveils Promo, To Reward 500 Customers

Ecobank Nigeria, a subsidiary of the Ecobank Group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The six-month campaign, which is set to run between J...

June 30, 2024 No Responses

Adeleke Unveils Implementation Committee On Food Security

Governor Ademola Adeleke has opened up on the plans of his administration for the agricultural sector in the state, assuring stakeholders that farm inputs, tractorization and issue of food security are being addressed by his government. Speaking after a meetin...