Economy Archives — Page 40 of 231

June 1, 2024 No Responses

Labour Declares Strike Over Minimum Wage, Electricity Tariff Hike

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have declared a nationwide strike beginning from Monday, June 3rd, 2024 over the tripartite committee’s inability to agree on a new minimum wage and hike in electricity tariff. The President...

May 31, 2024 No Responses

Dana Air CEO Meets Aviation Minister, Hints On Fresh Investment, New Fleet of Aircraft

Dana Air has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector.The CEO of Dana Air, Jacky Hathiramani disclosed this in Abuja during a crucial meeting with the Honorable Minister of Aviation and...

May 31, 2024 No Responses

Carloha To Unveil Chery At Lagos Motor Fair

All is now set for Carloha Nigeria to unveil Chery latest models on June 5, 2024 at the prestigious Bi-moral Hall, Federal Palace Hotel, Lagos State.promises to be a milestone in the automotive industry in Nigeria.Chery is renowned for its...

May 31, 2024 No Responses

AEDC To Disconnect All Debtors

The Abuja Electricity Distribution Company (AEDC) is notifying all customers with outstanding bills to settle their accounts immediately to avoid service disruption.To this end, customers who are yet to settle their outstanding bills within the next 72 hours, ...

May 31, 2024 No Responses

Committee Seeks Exception Of Manufacturers, Farmers From Withholding Tax

As part of measures to reduce tax burden on businesses, the Presidential Committee on Fiscal Policy and Tax Reforms has proposed an exemption of manufacturers and farmers from paying withholding tax. Chairman of the Committee, Taiwo Oyedele di...

May 31, 2024 No Responses

Reps Query NIPC Over N3.15b Expenditure

The House of Representatives has queried the Nigerian Investment Promotion Commission (NIPC) for recording an expenditure of N3.15 billion, despite submitting a revenue of N2.89 billion in the first quarter of 2024. The law makers issued the query on Thursday....

May 30, 2024 No Responses

FG Commissions CNG Plant In Lagos

In its continued efforts to provide alternative source of fuel for Nigerians and lessen the impact of subsidy removal on petrol, the Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant...

May 30, 2024 No Responses

NCC: A Digital Enabler Of The Renewed Hope Agenda

In Nigeria, a young tech-savvy and upwardly mobile population is teeming, and exploring derivable benefits of digital technologies. They are propelled by rapidly expanding internet access and steady broadband penetration, currently about 43 per cent. Our digit...

May 30, 2024 No Responses

Tinubu Inaugurates N10b Ibeno Bridge

President Bola Ahmed Tinubu has applauded the Niger Delta Development Commission, NDDC, as he inaugurated the N10 billion Iko-Atabrikang-Opolom-IwuoAchang Road project, which includes the 600-meter Ibeno Bridge, in Ibeno Local Government Area of Akwa Ibom Stat...

May 30, 2024 No Responses

FRSC Produces 3.56m Number Plates

The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles and motorcycles between 2020 and 2022. According to the National Bureau of Statistics (NBS), FRSC produced number plates for motor vehicles tot...

May 29, 2024 No Responses

Dosunmu Canvasses Support For LG Autonomy

Former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) and public policy analyst, Dr. Ade Dosunmu has described the proposal by the Federal Government to grant full autonomy to the local governments in Nigeria as a welcome develop...

May 29, 2024 No Responses

Chery Displays Style, Strength In Lagos

By citybusinessnews@yahoo.com. – The test drive was an opportunity for the growing list of Chery fans to experience the vehicles firsthand, understand its features, and assess its overall performance.Take off point was the Carloha Showroom in Alapere, La...

May 29, 2024 No Responses

Lagos Unveils Transport Policy, 15 New Boats

Lagos State Government is committed to implementing rigorous safety protocols to protect commuters by leveraging cutting-edge technologies and enhance traffic management in the State. The Governor, Mr. Babajide Olusola Sanwo-Olu stated this on Tuesday while sp...

May 28, 2024 No Responses

Shell Partners Hyundai On Liquefied Hydrogen Carriers

South Korean shipbuilding conglomerate HD Hyundai has partnered with UK energy major Shell to work on the development of large liquefied hydrogen (LH2) carriers. HD Hyundai’s units HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and HD Hyundai ...