Economy – Page 118 – City Business News

June 25, 2024 No Responses

Tinubu Appoints Tunji Bello FCCPC CEO

President Bola Tinubu has appointed Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who disclosed this in a...

June 24, 2024 No Responses

FCMB-TLG Private Debt Fund Opens For Investment

FCMB Asset Management Limited (FCMBAM), recently, held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.The Fund, which has been approved by the Securities and Exchange Commission, is sponsored and ma...

June 24, 2024 No Responses

NDDC Harps On Youth Empowerment

The Niger Delta Development Commission, NDDC, has re-affirmed its commitment to programmes aimed at empowering the youths of the Niger Delta region.The NDDC Managing Director, Dr Samuel Ogbuku, gave this assurance during a stakeholders’ engagement in Akure, ...

June 24, 2024 No Responses

Obaseki Attributes Rising Inflation To Inability To Produce, Export

The Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that the trend continues to affect the nation’s economy negatively. Obas...

June 23, 2024 No Responses

Dangote Refinery Accuses IOCs, NMDPRA Of Sabotage

Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals.A statement issued on Sunday qu...

June 23, 2024 No Responses

EFCC Arrests Ex-Union Bank Staff Over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested two former employees of Union Bank for allegedly stealing N4.1 million from the account of a deceased customer.The suspects, Idah Ogoh and Agbo Okwute, were apprehended in Makurdi on June 14,...

June 23, 2024 No Responses

Gunmen Abduct Catholic Priest In Zamfara

Gunmen have kidnapped the parish priest of St. Raymond Catholic Church Damba, Gusau, Zamfara State, Rev. Fr. Mikah Suleiman. The spokesperson of Zamfara State Police Command, Yazid Abubakar explained that the priest was kidnapped around 3 am on Saturday at...

June 23, 2024 No Responses

TotalEnergies Ubeta Field ’ll Record Nigerian Content Successes, Says NCDMB Boss

The execution of the Ubeta Field Development Project by TotalEnergies Exploration and Production Nigeria Limited and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, the Nigerian Con...

June 22, 2024 No Responses

Bayelsa Creates Blue Economy Ministry

By citybusinessnews@yahoo.com — Governor of Bayelsa State, Senator Douye Diri, on Friday, swore in additional 15 commissioners bringing the total number of members of his cabinet to 29. The governor also created two new ministries, which are Blue Econom...

June 22, 2024 No Responses

LASTMA Impounds 40 Vehicles

To restore order and ensure the free flow of traffic, the Lagos State Traffic Management Authority (LASTMA) has impounded about 25 commercial and 15 private vehicles operating illegal garages and causing road obstructions around Oyingbo, Ijora, and Idumota are...

June 21, 2024 No Responses

Nigeria’s Debt Up By ₦24.33trn In Three Months

Debt Management Office (DMO) on Thursday disclosed that Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Niger...

June 21, 2024 No Responses

Photo News

L–R: Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Mr. Olufemi Shobanjo; Ag. Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Chairman, NGX, Mr. Ahonsi Unuigbe; Managing Director/CEO, Fidelity Bank Plc, Mrs. Nneka O...

June 21, 2024 No Responses

UAC: Takeaways From 2023 AGM

At the Annual General Meeting of UAC of Nigeria PLC held on 20 June 2024, at Festival Hotel, Diamond Estate, Amuwo Odofin, Lagos in respect of the 2023 Financial Year: The following resolutions were considered and duly passed: That a div...

June 20, 2024 No Responses

NNPC, TotalEnergies JV Seal $550m FID On Ubeta Field Project

In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million Final Investment Decision (FID) on the Ubeta Field Development Project. A statement issued on Thursday by Olufemi Soneye, Chief Co...