Economy Archives — Page 35 of 231

June 23, 2024 No Responses

TotalEnergies Ubeta Field ’ll Record Nigerian Content Successes, Says NCDMB Boss

The execution of the Ubeta Field Development Project by TotalEnergies Exploration and Production Nigeria Limited and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, the Nigerian Content Development and...

June 22, 2024 No Responses

Bayelsa Creates Blue Economy Ministry

By citybusinessnews@yahoo.com — Governor of Bayelsa State, Senator Douye Diri, on Friday, swore in additional 15 commissioners bringing the total number of members of his cabinet to 29. The governor also created two new ministries, which are Blue Econom...

June 22, 2024 No Responses

LASTMA Impounds 40 Vehicles

To restore order and ensure the free flow of traffic, the Lagos State Traffic Management Authority (LASTMA) has impounded about 25 commercial and 15 private vehicles operating illegal garages and causing road obstructions around Oyingbo, Ijora, and Idumota are...

June 21, 2024 No Responses

Nigeria’s Debt Up By ₦24.33trn In Three Months

Debt Management Office (DMO) on Thursday disclosed that Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Niger...

June 21, 2024 No Responses

Photo News

L–R: Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Mr. Olufemi Shobanjo; Ag. Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Chairman, NGX, Mr. Ahonsi Unuigbe; Managing Director/CEO, Fidelity Bank Plc, Mrs. Nneka O...

June 21, 2024 No Responses

UAC: Takeaways From 2023 AGM

At the Annual General Meeting of UAC of Nigeria PLC held on 20 June 2024, at Festival Hotel, Diamond Estate, Amuwo Odofin, Lagos in respect of the 2023 Financial Year: The following resolutions were considered and duly passed: That a div...

June 20, 2024 No Responses

NNPC, TotalEnergies JV Seal $550m FID On Ubeta Field Project

In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million Final Investment Decision (FID) on the Ubeta Field Development Project. A statement issued on Thursday by Olufemi Soneye, Chief Co...

June 20, 2024 No Responses

NDDC Engages Afreximbank On Development Strategies

The Niger Delta Development Commission, NDDC, has started discussions with officials of the African Export-Import Bank, Afreximbank, as part of its efforts to collaborate with development partners in the quest for economic growth in the Niger Delta region. Spe...

June 20, 2024 No Responses

SAHCO: Key Takeaways From 14th AGM

At the 14th Annual General Meeting (AGM) of Skyway Aviation Handling Company (Sahco) Plc, on Thursday, June 13th, 2024, the shareholders of the Company passed the following Resolutions: ORDINARY RESOLUTIONS That a dividend of 30k per ordinary share...

June 20, 2024 No Responses

EnjoyCorp Acquires Champion Breweries

EnjoyCorp Limited has successfully completed the acquisition of 86.5 per cent stake in Champion Breweries plc, a prominent figure in the regional brewing industry. EnjoyCorp acquired 100 per cent shareholding in The Raysun Nigeria Limited, which i...

June 19, 2024 No Responses

Cholera: Lagos Begins Water Sampling

Following the recent Cholera outbreak in some parts of Lagos State, the Lagos Water Corporation (LWC) has initiated what it described as “comprehensive measures to safeguard public health and ensure access to safe drinking water across the state”. A statem...

June 19, 2024 No Responses

NDDC Extends Free Healthcare To Cross-River Communities

The Niger Delta Development Commission, NDDC, has taken the first phase of its Free Healthcare Programme, which it relaunched on June 16, 2024, to the General Hospital, Akamkpa in Cross River State for the benefit of people in the rural...

June 18, 2024 No Responses

Shipping Firm Budgets $37.1m To Fund Green Transition

Finland-based shipping company ESL Shipping has completed the sale of two Supramax vessels to support its journey towards green shipping. The vessels, Arkadia and Kumpula, were sold to companies belonging to the Turkish shipping and logistics group HGF Denizci...

June 18, 2024 No Responses

More Stakeholders Back Auto Industry Summit

As momentum gathers for the maiden edition of the Nigeria Auto Industry Summit (NAISU) scheduled to hold at Radisson Lagos, GRA Ikeja, on June 27, 2024, more stakeholders in the automotive sector have expressed their support for the event. Already,...