Economy – Page 41 – City Business News

September 11, 2025 No Responses

Nigeria Targets $60b Gas Expansion

Nigeria is targeting $60billion investments over the next five to seven years to expand gas infrastructure, Mr Bayo Ojulari, Group Chief Executive Officer, the Nigerian National Petroleum Company Limited (NNPCL) has disclosed.Addressing a global audience from 150 countries at the...

September 11, 2025 No Responses

New Apapa Customs CAC Attains ₦20.1b Revenue First Day In Office

Barely 24 hours after he assumed office, the new Customs Area Controller (CAC) of Apapa Port Command, Comptroller Emmanuel Oshoba has attained a new revenue collection of ₦20,156,077,098.56., as against the previous record of ₦18 billion.Oshoba attributes ...

September 10, 2025 No Responses

Jetour X70 Plug-In Hybrid Electric Vehicle Boosts Fuel Efficiency, Promotes Green Energy

In this era where motorists are very concerned about fuel efficiency, Jetour is one brand that many auto enthusiasts worry little about because the models are built to deliver more power and torque with as little fuel as possible.This is...

September 9, 2025 No Responses

Comptroller Adebola Salawu Resumes At Lagos Industrial Area Command

Comptroller Adebola Salawu on Monday, resumed at Lagos Industrial Area Command as Customs Area Controller (CAC), following the retirement of Comptroller Sarah Mamza Wadinda.The predecessor retired shortly after the commissioning of the ‘Customs Cares’ corp...

September 9, 2025 No Responses

Adenuga Resumes As CAC Seme Command

Comptroller Wale Adenuga, on Monday assumed duty as the Customs Area Controller (CAC) in charge of Seme Area Command.A statement by the Customs Public Relations Officer of the command, Isah Sulaiman explained that the handing over from ACG Benedict Oramalugo.....

September 8, 2025 No Responses

NDLEA Impounds ₦5.3b Cocaine

The National Drug Law Enforcement Agency (NDLEA) has dismantled an international organised criminal group (IOCG) with networks spanning Nigeria, the United Kingdom, Brazil, Australia, and the United Arab Emirates, arresting three kingpins and intercepting a co...

September 6, 2025 No Responses

Freight Forwarders Petition Minister Over Alleged First Bank’s Persistent System Downtime

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has petitioned the Minister of Finance, Wale Edun, over what it described as a crippling and persistent system downtime at First Bank of Nigeria that has paralyzed dut...

September 6, 2025 No Responses

Stock Market Investors Trade N90.3b Equities In Four Days

Stock market investors traded 3.117 billion shares worth N90.295 billion in 118,018 transactions on the Exchange during the week just ended.This compares with 3.199 billion shares valued at N85.399 billion exchanged last week in 142,477 deals.Consequently, the...

September 5, 2025 No Responses

Finance Minister, NLNG Delegation Brianstorm On Gas Output, Reforms

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,on Thursday held strategic discussions with the management of Nigeria LNG (NLNG) and other stakeholders on critical issues aimed at shaping the future of Nigeria’s gas industry.T...

September 4, 2025 6 Responses

Dubai Firm Invests $3m In Solar Power, Smart Meter Projects In Bayelsa

Bayelsa State and Jampur Group, a company based in Dubai, United Arab Emirates, on Thursday signed a Memorandum of Understanding (MoU) to set up renewable energy (solar power) and smart metering production plants in the state.The $3m investment would be...

September 3, 2025 No Responses

Bayelsa Seeks Stake In $3.5b Brass Fertiliser, Petrochemical Project‎

Bayelsa State government has solicited for equity stake in the Brass Fertiliser and Petrochemical Company project about to commence on the Brass Island in the state.Governor Douye Diri made the request on Tuesday when the management team of the company...

September 3, 2025 No Responses

CSCS Hosts Webinar On Nigeria’s Transition To T+2 Settlement Cycle

Central Securities Clearing System Plc, (CSCS) has concluded plans to host a significant webinar titled “Advancing Market Efficiency through T+2 Settlement” as part of industry-wide engagement ahead of Nigeria’s transition to the T+2 Settlement cycle.The...

September 3, 2025 No Responses

Minister Canvasses Support For National Single Window

Implementing the National Single Window project will significantly transform trade facilitation in Nigeria and reinforce the stabilisation of the economy, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed.Speaking to j...

September 3, 2025 6 Responses

BPE To List DisCos, GenCo On Stock Market

The Bureau of Public Enterprises (BPE) has announced plans to list two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange through an Initial Public Offering (IPO).BPE Director-General, Mr Ayodeji Gbele...