Economy – Page 184 – City Business News

August 6, 2023 No Responses

World Bank To Fund 1,000 Solar Power Grids In Nigeria

The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a population...

August 6, 2023 No Responses

SEC, PENCOM, NGX To Host Webinar On Securities Lending

In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilization to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities a...

August 5, 2023 No Responses

NDDC Trains Finance, Audit Staff

The Niger Delta Development Commission, NDDC, says that training is crucial in upscaling its management processes to enhance efficiency and transparency in its service delivery to the people of the Niger Delta region.Speaking during a two-day in-house training...

August 4, 2023 No Responses

DMO Lists N130b Sukuk On NGX, FMDQ

The Debt Management Office (DMO) has listed the N130 billion Sovereign Sukuk on the Nigerian Exchange Group (NGX) and the FMDQ Securities and Exchange. A statement issued by DMO explained that the instrument was opened for subscription in November 2022,...

August 4, 2023 No Responses

Customs Boss Visits IGP, Seeks Collaboration

The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi, on Thursday, paid a courtesy visit to the Ag. Inspector General of Police, Kayode Egbetokun, at the Force Headquarters, Abuja. Addressing the leadership of the Force, the CGC, Adewale Adeniyi c...

August 3, 2023 No Responses

Deepen Partnership With Africa, Tinubu Urges UK

President Bola Tinubu has urged the United Kingdom to strengthen its partnership with Nigeria and the African continent through increased investments across various sectors. He made the call on Wednesday when he received the United Kingdom’s ...

August 3, 2023 No Responses

NIMASA Set To Deploy Modular Floating Dock

The Nigerian Maritime Administration and Safety Agency, NIMASA has taken over areas leased to it by the Nigerian Ports Authority (NPA) at the Continental Shipyard for the operations of the Modular Floating Dock. According to NIMASA, the areas include but...

August 2, 2023 No Responses

NDDC Partners NLNG, To Sign MoU

The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of efforts to drive sustainable development in the Niger Delta region. Speaking at the NDDC...

August 2, 2023 No Responses

SEC, FMMSD To Collaborate On Raising Capital For Non-Oil Sector

The Securities and Exchange Commission (SEC) and the Capital Market Community are to partner with the Federal Ministry of Mines and Steel Development and other stakeholders to promote the use of alternative means of raising capital such as Non-Interest product...

August 2, 2023 No Responses

Seplat Energy CEO: Energy Access Will Be Biggest Driver Of Social, Economic Development In Africa

Access to affordable, reliable and sustainable energy is crucial if Africa is to achieve all 17 United Nations Sustainable Development Goals (SDGs), and energy access will be the biggest driver of social and economic development in Africa going forward, the...

August 2, 2023 No Responses

Ecobank: Our Diversified Business Model, Commitment To Serving Our Customers Responsible For Resilient Balance Sheet

The Chief Executive Officer of Ecobank Group, Jeremy Awori, has attributed the group’s profitability in the second quarter of 2023 to its strategic roadmap which demonstrated the benefits of its diversified business model, resilient balance sheet and commitm...

August 1, 2023 No Responses

NGX Market Capitalisation Up By N1.8trillion In July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among...

August 1, 2023 No Responses

NDDC Seeks Sustainable Partnerships

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, says that the Commission needs sustainable partnerships that will enhance the lives of the people and contribute to the development of the Niger Delta region.Speaking when...

July 31, 2023 No Responses

Govt Earmarks N75 Billion To Strengthen Manufacturing Sector

The federal government has concluded plans to disburse N75 billion to strengthen the nation’s manufacturing sector. Disclosing this during his address to Nigerians on Monday, President Bola Tinubu said the money will be spent between July 2023 to March 2024....