Economy – Page 139 – City Business News

March 22, 2024 No Responses

FG Inaugurates Marshals To Combat Illegal Mining

As part of measures to tackle unauthorized mining activities, the Minister of Solid Minerals Development, Dele Alake, has launched the inaugural group of Mining Marshals Corps. Presenting the Mining Marshals in Abuja on Thursday, Alake explained that the mining marshals have...

March 22, 2024 No Responses

Stock Market Recovers N74b

Bullish sentiment returned to the equity market on Thursday, following investors’ interest stocks of BUA Cement, Zenith Bank and other top traders, making it the first gain of the week. Specifically, the market capitalisation, which opened at N58.947 trillio...

March 21, 2024 No Responses

Edo, Oando To Generate 175MW Wind Energy

The Edo State Government’s renewable energy programme being implemented in partnership with Oando Energy will result in the construction of wind turbines across three locations in the three senatorial districts of the State.The locations, according to studie...

March 21, 2024 No Responses

New NEMA DG, Zubaida Umar, Harps On Effective Service Delivery

The newly appointed Director General, the National Emergency Management Agency (NEMA), Mrs Zubaida Umar on Tuesday, assumed duties at the headquarters of the Agency in Abuja. The new Director General was received on arrival by the management staff of the...

March 21, 2024 No Responses

Access Bank To Acquire National Bank Of Kenya

Access Bank is to acquire the National Bank of Kenya from the KCB Group, its second acquisition of a Kenyan bank in under five years. After purchasing Transnational Bank Limited. in 2019, this is the Nigerian lender’s second acquisition in...

March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...

March 20, 2024 No Responses

Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the Federal Government can tackle the current foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigeria...

March 20, 2024 No Responses

Zenith Bank Appoints Adaora Umeoji As GMD/CEO

The Board Directors of Zenith Bank Plc has appointed Dr. Adaora Umeoji as the Group Managing Director/ Chief Executive of Zenith Bank Plc. The Bank in a statement to the Nigerian Exchange explained that the appointment is with effect from June ...

March 19, 2024 No Responses

NADDC To Partner Oando Clean Energy On Vehicle Electrification

The National Automotive Design and Development Council (NADDC) and Oando Clean Energy are set to forge closer ties on Vehicle Electrification. According to NADDC, a courtesy visit to the Council by Oando Clean Energy Executive Vic...

March 19, 2024 No Responses

Ministry To Grow Eastern Port Vessel Traffic

The ministry of Marine and Blue Economy, on Tuesday, said it’s poised to provide the facilitation and advocacy required to grow the vessel traffic to the Eastern port. Speaking at the commissioning of 4.8km road and Marine craft at Onne...

March 19, 2024 No Responses

NLC Backs NASU, SSANU

The Nigerian Labour Congress (NLC) has declared its support for the ongoing strike by the Non-Academic Staff Union of Educational (NASU) and associated institutions of the Senior Staff Association of Nigerian Universities (SSANU) and has demanded an “immedia...

March 18, 2024 No Responses

Tinubu: Killers Of Military Personnel Won’t Go Unpunished

President Bola Tinubu has condemned the killing of military personnel in Delta State. In a statement on Sunday, Tinubu described the killing as unprovoked and “dreadful”, adding that the perpetrators, whom he described as “cowardly” must not go unpunis...

March 18, 2024 No Responses

Dangote Lauds Lagos Govt On Consumer Rights Advocacy

The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote has commended the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that ...

March 17, 2024 No Responses

Shell To Deploy New ‘Cutting-Edge’ Vessel

Singapore-based shipbuilding player, PaxOcean Group, has delivered a vessel, scheduled to work off the coast of Brunei for Brunei Shell Petroleum (BSP), a subsidiary of the UK oil major Shell. The Vessel was delivered to Automac Mult...