Economy – Page 151 – City Business News

January 22, 2024 No Responses

Lekki Seaport Berths Largest Container Vessel

The Nigerian Ports Authority (NPA), on Sunday, January 21, 2024, successfully received at the Lekki Deep Seaport the largest container carrier to sail on Nigerian territorial waters. The vessel measuring 367M in length over all christened “Maersk Edirne” has a...

January 22, 2024 No Responses

Shippers’ Council Boss Visits NIMASA

The Management of the Nigerian Shippers’ Council, led by the Executive Secretary, Barrister Akuta Pius Ukeyima paid a working visit to the Nigerian Maritime Administration and Safety Agency, NIMASA. The Director General of NIMASA, Dr. Bashir Jamoh OFR, in hi...

January 21, 2024 No Responses

BYD Takes Delivery Of First Car Carrier

BYD, a China-based electric vehicle (EV) manufacturer that overtook Tesla as the world’s biggest EV seller in 2023, has taken delivery of its first car carrier which is dual-fueled. The maiden voyage ceremony for BYD Explorer No.1, the 7,000 CEU...

January 21, 2024 No Responses

Electric Mini Cabs Debuts In Lagos

The Ikoyi Obalende Local Council Development Area (LCDA) in Lagos State, has announced plans to roll out 200 electric mini cabs as part of the council’s empowerment programme for 2024. Briefing Journalists, Chairman of the Council, Fuad Atanda-Lawal explaine...

January 20, 2024 No Responses

NADDC To Partner Motor Dealers ON EV, CNG Vehicles

The Director General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin, on Friday,19th January, 2024 received the President of the Association of Motor Dealers Of Nigeria (AMDON), Prince Ajibola Adedoyin at the Council&...

January 20, 2024 No Responses

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...

January 19, 2024 No Responses

Shippers Council Boss Lauds Ports & Cargo On Investment, Dedication

The newly appointed Executive Secretary/CEO, Nigerian Shippers Council, Mr. Pius Ukeyima Akutah (MON)has expressed satisfaction over the impact Ports & Cargo Handling Services Limited, the flagship company and subsidiary of SIFAX Group has had on...

January 19, 2024 No Responses

FG Relocates FAAN HQ To Lagos

The Federal Government (FG) has relocated the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. The relocation was officially announced by the Minister of Aviation and Aerospace Development, Festus Keyamo, in a memo dated 15...

January 19, 2024 No Responses

FAAN Explains Relocation Of Headquarters To Lagos

RE: RELOCATION OF FAAN CORPORATE HEADQUARTERS FROM ABUJA TO LAGOS The Federal Airports Authority of Nigeria notes the inquiries some Nigerians have made regarding the directive of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, CON,...

January 18, 2024 No Responses

Shell Suspends All Red Sea Shipments

Shell has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route. Shell is the latest firm in a long line of companies, which decided to...

January 18, 2024 No Responses

NSC Decries Rail Tracks Vandalism

The Nigerian Shippers’ Council (NSC) has expressed concern over the vandalism and theft of railway tracks connecting inland ports across the country. The council’s Executive Secretary, Pius Akutah, raised the concern on Tuesday while inspecting the Funtua ...

January 18, 2024 No Responses

OMOTOSO TO DELIVER CALEB UNIVERSITY’S 13TH CONVOCATION LECTURE

The Governing Council and Management of Caleb University, Imota on Wednesday, paid a courtesy visit to the Lagos State Commissioner of Information and Strategy, Mr Gbenga Omotoso in his office at the Secretariat, Alausa, Ikeja Speaking during the v...

January 18, 2024 No Responses

Poisonous Plantain Chips: Lagos Alerts Residents

The Lagos State Consumer Protection Agency (LASCOPA) has raised an alert to consumers of the popular fried plantains, commonly known as “Plantain Chips.” The State Government through the agency urges the public to be vigilant and wary of any...

January 17, 2024 No Responses

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank...