Economy – Page 218 – City Business News

May 17, 2022 No Responses

FMBN Disburses N394.6b To Beneficiaries

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N394.575 billion to beneficiaries from 1992 to 2022. The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday...

May 16, 2022 No Responses

NPA May Revoke Concession Agreement

The Nigerian Ports Authority (NPA) has disclosed that five terminal operators are being monitored to ensure they do the right things as regards their commitment and obligations as agreed under the Port Concession agreement. Speaking at an interact...

May 16, 2022 No Responses

NPA Partners NLNG On Vessel Traffic Services

By ebosele@hotmail.com The Nigerian Ports Authority (NPA) is working closely with the Nigeria Liquefied Natural Gas (NLNG) to deploy Vessel Traffic Services (VTS) in Bonny. Already, arrangements are being put in place for survey as part...

May 16, 2022 No Responses

NLNG Tops Tax Compliance Firms In Nigeria

The Federal Inland Revenue Service (FIRS), on Monday, listed Nigeria’s top-performing taxpayers in the year 2021 and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social cont...

May 16, 2022 No Responses

Mandilas Group Tasks Stakeholders On Sustainable Cold Chain Industry

Mandilas Group Limited has joined ongoing clamour to curtail post-harvest losses and expansion of the cold chain industry in Nigeria. According to the Group, a vibrant cold chain industry will help preserve and protect the supply of food and...

May 15, 2022 No Responses

Amaechi Inaugurates Governing Boards Of NPA, MAN, NIWA, Others

The Minister of Transportation, Mr Rotimi Amaechi, has inaugurated the five Governing Boards of Parastatals under the Ministry. Amaechi, in a statement on Saturday explained that the board members would help restructure and reposition the agencies ...

May 14, 2022 No Responses

A’Ibom Unveils Coconut Oil Refinery, Targets 3,000 Jobs

The Akwa Ibom State Government has commissioned what its described as Africa’s first digital coconut oil refinery Commissioning the factory located in Ikot Akpan Okop village in Mkpat Enin Local Government Area on Friday, former G...

May 14, 2022 No Responses

Spotlight Shines On Nigeria’s Growing Fiscal Deficit

By Lukman Otunuga, Senior Research Analyst at FXTM — It’s no secret that many developing countries boast high fiscal deficits in the pursuit of economic growth. Nigeria’s ballooning debt profile is a perfect example of how excessive government spe...

May 12, 2022 No Responses

DMO Lists N225b FGN Bond For Subscription By Auction

The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN) bonds valued at N225bn, for subscription through auction. The DMO announced the bonds offer in a statement on Thursday. The offers are...

May 12, 2022 No Responses

Experts Urge Stakeholders To Harness Maritime Potential For Economic Growth

Experts on Thursday urged stakeholders in maritime sector to harness its full potential to achieve the desired economic growth for the country. The experts said this at a virtual forum of the Nigeria Bar Association Section on Business Law (NBA-SBL...

May 11, 2022 No Responses

Ten Ships With Frozen Fish, Wheat, Petrol, Others Berth At Lagos Ports

The Nigerian Ports Authority (NPA), on Wednesday, said ten Ships had arrived the Lagos ports and were waiting to berth with petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar. NPA also explained that another 20...

May 10, 2022 No Responses

Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports

The Nigeria International Trade Fair/Expo (NITFE) organisers have called for more investment in the non-oil sector, including sports to fast track the nation’s socio-economic development. Mr Innocent Ogu, President, African Legacy International, Co-organiser...

May 10, 2022 No Responses

Support Local Production In Areas Of Comparative Advantage, Erisco Foods MD Urges Govt

Government support to local production in areas of comparative advantage is the only sustainable solution to the nation’s economic challenges, Managing Director, Erisco Foods Limited, Mr Nnamdi Umeofia has advised Umeofia made the rema...

May 10, 2022 No Responses

NPA To Receive 26 Ships Laden With Jet Fuel, Bulk Salt, Petroleum Products, Others At Lagos Port

The Nigerian Ports Authority (NPA) on Tuesday disclosed that 26 ships were expected to arrive at the Lagos Port Complex from May 10 to May 26, 2022. NPA in its daily publication, Shipping Position, explained that the ...