Economy – Page 145 – City Business News

February 20, 2024 No Responses

FG, Cement Manufacturers Peg Price At N7,000-N8,000 Per Bag

The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and N8,000 depending on the location nationwide.Briefing Journalists on Monday in Abuja after a meeting with major cement manufacturers, Minister of...

February 20, 2024 No Responses

Sifax Group Chairman, Taiwo Afolabi To Deliver LAUTECH Convocation Lecture

The management of Ladoke Akintola University of Technology, Ogbomosho led by its Acting Vice Chancellor, Professor Rasak Olatunde Rom Kalilu paid a courtesy visit on Dr. Taiwo Afolabi, Chairman (CON), SIFAX Group recently. The visit aimed to inform the S...

February 20, 2024 No Responses

Lagos Lifts Suspension On RTEAN

The Lagos State Government has dissolved the Lagos State Parks and Garages Administrators’ Committee which was set up to mark the parks and garages in the state. A statement issued on Monday by the Special Adviser to the Governor on...

February 19, 2024 No Responses

Ardova’s Ijora Terminal Begins Operations In March

Ardova Plc’s (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024.Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the facility by the Nigerian Midstre...

February 19, 2024 No Responses

Tanker Drivers Begin Strike

The Petroleum Tanker Drivers arm of the Nigerian Association of Road Transport Owners (NARTO) has directed all its members to withdraw their petroleum trucks from product-loading activities starting Monday, February 19, 2024. The development follows the associ...

February 19, 2024 No Responses

Scrap NSCDC, FRSC, Enang Tells Tinubu

To successfully establish State Police, Senator in the 7th National Assembly, Senator Ita Enang, has advised President Bola Tinubu to abolish the Nigeria Security and Civil Defence Corps (NSCDC) and incorporate the Federal Road Safety Corps (FRSC) with the Nig...

February 18, 2024 No Responses

Lagos Receives Delta Commissioner On Study Tour

The Lagos State Ministry of Physical Planning and Urban Development has received the Delta State Commissioner for Urban Renewal, Engr. Michael Anoka, on a visit to understudy the workings of the State Ministry. The Commissioner for Physical Planning and Urban....

February 18, 2024 No Responses

Okpebholo Emerges Winner In Parallel APC Primary In Edo

Edo State All Progressives Congress (APC) has declared Senator Monday Okpebholo as the winner of a parallel governorship primary election held on Saturday. The APC State Returning Officer, Ogbuaja Stanley Uzoamaka declared Senator Okpebholo as the winner...

February 18, 2024 No Responses

FG Harps On Renewable Energy Transport System

The Federal Ministry of Transportation has made significant technological advancements aimed at promoting environmentally and economically sustainable transportation solutions nationwide. The Minister of Transportation, Saidu Alkali, made this declaratio...

February 17, 2024 No Responses

Customs Impounds N19.6M Sex Enhancement Drugs

The Nigeria Customs Service (NSC), joint border patrol team, sector IV, has seized a consignment of sex enhancement drugs worth N19.6M in Sokoto state. Briefing Journalists in Sokoto, Coordinating Comptroller, Mr. Kolapo Oladeji, explained that trucks carrying...

February 16, 2024 No Responses

NADDC, Osun Reiterate Mechatronics Training Partnership

The Director General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin has reiterated the Council’s commitment for more productive collaboration with Osun State Government.Osanipin made the remark on Thursday duri...

February 16, 2024 No Responses

DMO Offers N2.5trillion FGN Bonds For Subscription

The Debt Management Office has offered two Federal Government of Nigeria bonds valued at N2.5 trillion for subscription at N1,000 per unit. The first offer is a seven-year bond valued at N1.25 trillion and expected to mature in February 2031....

February 16, 2024 No Responses

Nigerian Shipping And Port Economic Regulatory Agency Bill 2023 Passes Second Reading

As part of the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola’s Key Performance Indicator (KPI) for the year 2024, as signed in the performance bond by agencies, the Bill which seeks to repeal the Nigerian Shippers’ Council...

February 16, 2024 No Responses

Senate Passes N5.079trn 2024 Customs Budget

The Senate on Thursday, February 15, passed the sum of N5.079 trillion as the 2024 budget for the Nigeria Customs Service (NCS). The approval followed the adoption of recommendations of the Senate Committee on Customs, Excise, and Tariffs at plenary....