Economy – Page 141 – City Business News

March 11, 2024 No Responses

Strategies For Inclusion Of Female Entrepreneurs In Nigeria, By Experts

To foster inclusion for female entrepreneurs in Nigeria, various experts have identified the need for a concentrated effort on the dissemination of accurate information, more access to finance, creating a pool for women with like businesses, breaking down of cultural...

March 11, 2024 No Responses

Aramco Boosts Dividends Despite Drop In Profit

Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn (£91bn) profits after a record-smashing year in 2022. But the figure is...

March 10, 2024 No Responses

Lagos Govt To Sanction Uber

Citing non-compliance with an important data-sharing agreement, the Lagos State Government has announced its intention to sanction Uber Technologies System Nigeria Ltd. The Lagos State Commissioner for Transportation, Mr Oluwaseun Osiyemi, explaine...

March 9, 2024 No Responses

Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly

The Edo State Governor, Mr. Godwin Obaseki, on Friday, flagged off the “Feed the Hungry” initiative, committing over N1 billion monthly to feed poor and vulnerable residents of the State amid the hardship and suffering occasioned by the dire econ...

March 8, 2024 No Responses

Tinubu Reconstitutes NELMCO Board

President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO). The reconstitution comes with the modification of the NELMCO Board structure, which empowers the Office of the Minister of Powe...

March 8, 2024 No Responses

FG Inaugurates Committee On Implementation Of Oronsaye Report

The Federal Government has inaugurated the Committee on the implementation of the recommendations on the review of reports and White Papers on the Restructuring and Rationalisation of Federal Government Parastatals, Agencies, and Commissions better known as th...

March 7, 2024 No Responses

Heirs Energies Expands Gas Supplier To Geometric Power Plant

Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...

March 7, 2024 No Responses

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, ...

March 7, 2024 No Responses

Tinubu Signs Executive Orders For Oil, Gas Investments

President Bola Tinubu has signed an executive order to improve the investment climate and position of Nigeria as the preferred investment destination for the oil and gas sector in Africa. This is in keeping with his commitment to remove obstacles...

March 7, 2024 No Responses

NCDMB Host Oil Industry Players, Academia, On Research, Innovation Imperatives

Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and...

March 6, 2024 No Responses

NIMASA, Firm Seal Data Exchange MoU

The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with Sternula Denmark on full-scale Very High Frequency (VHF) Data Exchange System (VDES) space capabilities between the Agency and Sternul...

March 6, 2024 No Responses

Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era

Against the backdrop of the migration of Nigerian professionals, commonly regarded as ‘japa syndrome’ to developed countries of the world, a human resource expert, Hilda Kabushenga, CEO, The African Talent Company, has said though the factors are beyond or...

March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...

March 5, 2024 No Responses

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion. The Group experienced a...