Economy – Page 46 – City Business News

July 29, 2025 No Responses

Minister, AfDB President To Visit SAGLEV’s EV Assembly Plant In Lagos

All is now set for the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole and President of African Development Bank (AfDB),Dr. Akinwumi Adesina to visit the SAGLEV Electric Vehicle (EV) Assembly and Manufacturing facility on Wednesday and Thursday, this...

July 28, 2025 No Responses

Nigeria Auto Industry Summit Holds Thursday In Lagos

The second edition of the Nigeria Auto Industry Summit (NAISU) is set to take place on Thursday, July 31, 2025, at the Lagos Chamber of Commerce and Industry (LCCI) Conference Centre, Alausa, Ikeja. Anticipation is building as key policymakers, regulators,...

July 26, 2025 No Responses

Palm Oil: FG Inaugurates Committee To Enhance Production

The Federal Government (FG) of Nigeria has inaugurated the National Palm Oil Traceability Framework and Inter-Agency Committee to boost palm oil production, enhance consumer confidence, and increase exports.Minister of Agriculture and Food Security, Sen. Abuba...

July 26, 2025 No Responses

Shippers’ Council Signs Bond To Uphold Values

The Nigerian Shippers’ Council (NSC) marked a significant milestone with the signing of the 2025 bond between the Executive Secretary/Chief Executive Officer of the Council, Dr. Akutah Pius and the Council’s management team at the just concluded tw...

July 26, 2025 No Responses

Dangote Sugar Declares N430.21b Revenue In 2025 Half Year

Dangote Sugar Refinery Plc has reported a revenue of N430.21 billion in the six months ended June 30, 2025, which in contrast to N295.62 billion earned in the same period in 2024 represents a 45.53 percent increase. According to financial...

July 25, 2025 No Responses

FG Explains Standards For CNG, Evs

THE Federal Government has unveiled new National Occupational Standards (NOS) for Compressed Natural Gas (CNG) and Electric Vehicles (EVs) as part of efforts to reposition Nigeria’s automotive sector.The initiative also aims to create jobs and promote a gree...

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July 23, 2025 No Responses

NCDMB’s Boss Inspects Training Of 305 Youths At Centre For Marine, Offshore

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technol...

July 23, 2025 No Responses

TotalEnergies, Emerson Seal Industrial Data Partnership

TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites. In a statement on Tesday, TotalEne...

July 23, 2025 No Responses

Dangote: Africa Losing $90b Annually To Imported Substandard Fuel

Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by the President/Chief Executive, ...

July 23, 2025 No Responses

Popoola, Fasua, Others Seek Unified Action On Capital Formation

Market leaders, policymakers, and government representatives have called for unified action to strengthen Nigeria’s capital market and accelerate capital formation as a pathway to national growth. Speaking at the 2025 Chartered Institute of Stockbroker...

July 22, 2025 No Responses

B’Odogwu: Customs Boss Reassures Stakeholders On Seamless, Transparent Transition

The Comptroller-General of Customs (CGC), Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to a transparent, efficient, and inclusive rollout of the B’Odogwu clearance platform, assuring stakeholders of ongoing improvements ba...

July 22, 2025 No Responses

NCS To Scrap 7% Surcharge, Others, Finetunes B’odogwu

The Nigeria Customs Service (NCS) on Monday in Lagos announced plans by the Federal Government to reduce cost of importation with the scrapping of 7 percent surcharge and 1 percent Comprehensive Import Supervision Scheme (CISS).According to theComptroller Gene...

July 21, 2025 No Responses

SON Lauds Tinubu For Appointing Inuwa As Governing Council Chairman

The Standards Organisation of Nigeria (SON) has commended the Federal government over the appointment of Yahuza Ado Inuwa as Chairman, Governing Council of the Organisation. In a statement by the Management of SON, the Standards Body applauded the decision of....

July 21, 2025 No Responses

SEC Nigeria To Introduce USSD Codes For Verifying Operators

As part of measures to curb the activities of unregistered investment operators and protecting investors from fraudulent schemes, the Securities and Exchange Commission (SEC) is set to introduce a dedicated Unstructured Supplementary Service Data (USSD) code s...