Economy – Page 149 – City Business News

February 1, 2024 No Responses

Nigeria Attains Steady Increase In Active Voice, Internet Subscription

Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC), which have been adjusted to reflect the latest...

February 1, 2024 No Responses

FBN Holdings Appoints Otedola As Chairman

First Bank of Nigeria Holdings Plc has appointed the 20th richest man in Africa, Femi Otedola, as its new Chairman. FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at...

January 31, 2024 No Responses

NNPC Woos South Korean Gas Investors

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The discussions which held in Seoul, South Korea, yesterday were...

January 31, 2024 No Responses

Court Adjourns Suit Against Proof Of Vehicle Ownership Levy

A Federal High Court sitting in Abuja has adjourned a suit seeking to stop the imposition of an annual levy for a certificate of proof of vehicle ownership in the country till March 4, 2024. The Federal Government had in...

January 31, 2024 No Responses

Reps Grills Customs Over Non-Submission Of Three Years Financial Statement

The House of Representatives Public Accounts Committee on Tuesday grilled the officials of the Nigerian Customs Services over the non-submission of audited financial statements for the 2016, 2017, and 2018 financial years to the Auditor General of the Federati...

January 31, 2024 No Responses

Edo Attains N62b IGR In 2023

Despite a challenging economic crisis fueled by the removal of fuel subsidy, Edo State Internally Generated Revenue (IGR) grew by over 40 percent in 2023, recording N17bn increase from the N45bn generated in 2022. The Chairman, Edo Taskforce on Internally...

January 31, 2024 No Responses

Etihad Cargo Attains IATA CEIV Lithium Batteries Certification

Etihad Cargo, the cargo and logistics arm of Etihad Airways, has achieved the International Air Transport Association’s (IATA) Centre of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt) certification. The carrier is the third M...

January 30, 2024 No Responses

NDDC Partners Indigenous Firm In Cassava Starch Production

Niger Delta Development Commission (NDDC) is prepared to go into partnership with an indigenous cassava starch manufacturing factory in Sagbama Local Government Area of Bayelsa State as part of measures to create job opportunities for the youths.The NDDC Execu...

January 30, 2024 No Responses

Ecobank Explains Nine Percent Interest Rate For SuperSavers Account Holders

Ecobank Nigeria, a subsidiary of the Ecobank Group has announced interest rates on its SuperSavers accounts. In a statement issued on Monday, Ecobank explained that the SuperSavers account is a high-yield savings account type tailored for customers who wish...

January 29, 2024 No Responses

Burkina Faso, Mali, Niger Exit ECOWAS

The military Governments in Burkina Faso, Mali and Niger announced on Sunday immediate withdrawal from the Economic Community of West African States (ECOWAS). In a joint statement, leaders of the three countries explained that it was a “sovereign...

January 29, 2024 No Responses

Dangote Cement Rewards Distributors

For their continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its customers’ patronage in the pre...

January 28, 2024 No Responses

NDDC Trains 200 Youths On Welding, Fabrication

The Niger Delta Development Commission (NDDC) has trained 200 youths across the Niger Delta region in welding and fabrication, in recognition of the importance of the skills in the engineering sector, especially in oil and gas, construction and manufacturing.S...

January 27, 2024 No Responses

WCO Honours NPA MD, Bello-Koko

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, has bagged a Merit Award from the World Customs Organization (WCO) on the occasion of the International Customs Day, 2024. Mohammed Bello has since appointment as MD/ CEO of NPA...

January 27, 2024 No Responses

LAMATA: 25% Discount On Transport Fares In Lagos Ends On Sunday

The Lagos Metropolitan Area Transport Authority (LAMATA) has announced the cessation of the 25% discount on transport fares across the entire Lagos State Public Transport System, starting from Sunday, January 28, 2024. In a public notice issued on ...