Economy – Page 223 – City Business News

March 18, 2022 No Responses

Stakeholders Lauds NCDMB’s Investment In Base Oil Plant

Key stakeholders of the oil and gas industry have commended the Nigerian Content Development and Monitoring Board (NCDMB) for catalyzing the development of critical oil and gas facilities, including Bunorr Integrated Energy Limited which would produce lube oil and other...

March 18, 2022 No Responses

Jonathan Seeks Support For Eraskon Lubricant, NCDMB Partnership

Former President, Goodluck Jonathan has commended ERASKCORP Nigeria Limited for bringing the company to Bayelsa State maintaining that the establishment of the company will improve the internally generated revenue of the state. Speaking on Thursday in Ye...

March 17, 2022 No Responses

Unity Bank, NASME To Empower Women-Owned MSMEs

Unity Bank has received commendations for its commitment to women empowerment at the National Association of Small and Medium Enterprises, NASME’s International Women’s Day, (IWD) celebrations held in Lagos recently to push the frontiers of su...

March 17, 2022 No Responses

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in...

March 16, 2022 No Responses

Nigeria Generates $3b From Non-Oil Export Products In 2021

The Nigerian Export Promotion Council (NEPC) has said that the country exported non-oil products worth 3.45 billion U.S dollars in the 2021 fiscal year. Executive Director of the NEPC, Mr Ezra Yakusak, who disclosed this while speaking at a seminar...

March 16, 2022 No Responses

Wabote: Business Owners Contribute Positively To National Development-

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, says Nigerian business owners are growing and contributing positively to national development in terms of their capacities and capabilities. Wabote stated th...

March 15, 2022 No Responses

NCC To Partner CBN On e-Fraud

The Nigerian Communications Commission (NCC) is to partner Central Bank of Nigeria (CBN) to tackle e-fraud identified as the greatest threat to digital finance. NCC’s Director of Consumer Affairs Bureau, Mr Efosa Idehen, gave the assurance at the...

March 11, 2022 No Responses

Edo Delegation Visits ICRC, Explains Agro-Based River Port

Representatives from Edo Government on Wednesday, visit the Infrastructure Concession Regulatory Commission (ICRC) with a view to establishing an agro-based river port. This is contained in a statement issued by Manji Yarling, the Acting Head, Media and ...

March 10, 2022 No Responses

INEC Assures People With Disabilities Of Unhindered Access At Ekiti, Osun Governorship Elections

The Independent National Electoral Commission (INEC) has made adequate preparations to improve the participation of Persons with Disabilities (PWDs) in the forthcoming Osun and Ekiti governorship elections. INEC’s Resident Electoral Comm...

March 9, 2022 No Responses

NEPZA Pledges Wider Corridor For Women Investors

The Nigeria Export Processing Zones Authority (NEPZA) has reiterated its commitment to provide wider business corridor for prospective women investors to access the country’s Free Trade Zones. A statement issued on Tuesday by Martins Odeh, Head, Corpor...

March 5, 2022 No Responses

Qatari Investments In Nigeria To Hit N500b

The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in Nigeria with expectations to hit about N500 billion before the year ends. Al-Hajri said this at the...

March 2, 2022 No Responses

Can LNG Replace Russian Gas In Europe?

By Ed Cox, Head of Global LNG at ICIS — LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals...

March 1, 2022 No Responses

CBN Releases Operating Guidelines For R200 Policy

The Central Bank of Nigeria (CBN), has released guidelines for the operationalisation of its R200 policy. The News Agency of Nigeria (NAN) recalls that the apex bank recently initiated the R200 policy in an effort to reduce exposure to volatile...

February 27, 2022 No Responses

Buhari Reiterates FG’s Commitment To Partner Private Sector

President Muhammadu Buhari has reiterated the commitment of the Federal Government to partner the private sector as part of measures to move the economy forward. The president, represented by the Minister of Trade and Investment, Mr Niyi Adebayo, stated ...