Economy – Page 194 – City Business News

May 9, 2023 No Responses

FAAN TO HOLD SECOND EDITION OF NATIONAL AVIATION CONFERENCE

The Federal Airports Authority of Nigeria (FAAN) is set to play host to all stakeholders and investors, at the second edition of the FAAN National Aviation Conference (FNAC2) The theme of this edition, which will be holding at the...

May 9, 2023 No Responses

NIMASA DG X-Rays Untapped Opportunities In Marine Tourism

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has called for collaboration between the tourism and maritime sectors in Nigeria, stating that with the enormous resources inherent in...

May 9, 2023 No Responses

Airtel Pays NCC N58.7b For Spectrum License Renewal

Airtel Nigeria, a subsidiary of Airtel Africa has paid N58.7 billion to the Nigerian Communications Commission (NCC) to renew its 2×10 MHz 2100 MHz spectrum license. A statement to the Nigerian Exchange Limited (NGX) signed by Company Secretary Simon O’Hara...

May 9, 2023 No Responses

Tincan Island Port Receives Largest Ever Container Vessel

The Nigerian Ports Authority (NPA) recorded yet another milestone today, Tuesday, May 9, 2023 with the berthing at the TinCan Island Port Complex of “the largest-ever container vessel to call at the Lagos Pilotage District”. The vessel MSc Maureen ha...

May 8, 2023 No Responses

NIMASA To Nigerians In Diaspora: Invest In Maritime Sector

The Nigerian Maritime Administration and Safety Agency (NIMASA), has called on Nigerians in diaspora to consider investing in the country’s maritime sector, describing it as the next big thing packed with assets to fuel the growth of the economy. N...

May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, t...

May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...

May 6, 2023 No Responses

Court Orders UBA To Take Over Ogiemwonyi’s Properties

A Federal High Court in Lagos has granted an order directing United Bank for Africa (UBA) Plc, to take over two properties located in Benin City, Edo State, belonging to Godwin Ogiemwonyi (trading under the names of Ogiemwonyi Godwin Nigeria...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...

May 4, 2023 No Responses

NGX Group Declares 14.2% Decline In Q1 Gross Earnings

For the first quarter (Q1) ending March 31, 2023, Nigerian Exchange Group Plc (NGX Group) has declared its unaudited results, recording a 14.2% year-on-year (YoY) decline in gross earnings to N1.6 billion from N1.8 billion posted in Q1 2022. In...

May 4, 2023 No Responses

IPI Nigeria Sets Agenda For Tinubu On Journalists’ Safety, Media Freedom

On the occasion of May 3 commemoration of the 2023 World Press Freedom Day, the Nigerian National Committee of the Vienna-based International Press Institute (IPI) is asking the new government that will be inaugurated in Nigeria on May 29 to commit....

May 2, 2023 No Responses

Dangote Implores African Countries On Trade Barriers

President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player ...

May 1, 2023 No Responses

NAFDAC Probes Indomie Noodles

The National Agency for Food and Drug Administration and Control (NAFDC) has commenced investigation and is responding to the news of recalled Indomie noodles by Taiwan and Malaysia authorities. A statement issued on Monday explained that on May 2,20...