Economy – Page 59 – City Business News

April 21, 2025 No Responses

GOCOP Congratulates NNPCL’s Olufemi Soneye On NIPR Spokesperson Of The Year Award

The Guild of Corporate Online Publishers (GOCOP) extends its warmest congratulations to Mr. Femi Soneye, Chief Corporate Communications Officer at the Nigerian National Petroleum Company Limited (NNPC Ltd), on his prestigious win as the Spokesperson in the Oil and Gas...

April 20, 2025 No Responses

CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process

Indigenous shipowners have commended the Minister of Marine and Blue Economy, Adegboyega Oyetola, over his recent directive to the Nigerian Maritime Administration and Safety (NIMASA) to begin the process for the disbursement of the Cabotage Vessel Financing F...

April 20, 2025 No Responses

CBN, NGX Group Showcase Nigeria’s Reform At Nasdaq, New York

AS part of measures to woo global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York. The event, held on Thursday, April 17,.....

April 19, 2025 No Responses

KLT Customs Command Attains 61 Per Cent Increase In 2025 Q1 Revenue

For the first quarter (QI), 2025, the Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Area Command recorded 61% increase in revenue generation while also intensifying efforts against illicit imports.Briefing Journalists, the Customs Area Control...

April 19, 2025 No Responses

FG Urges Stronger Synergy Among MDAs

The Federal Government (FG) through Vice President Kashim Shettima has called on Ministries, Departments, and Agencies (MDAs) of government, as well as members of the Presidential Enabling Business Environment Council (PEBEC), to deepen collaboration in order ...

April 18, 2025 No Responses

Maersk Boosts West Africa’s Supply Chains, Inaugurates New Warehouse

Maersk has inaugurated its new state-of-the-art warehouse facility in Senegal.A statement explained that the new facility highlights Maersk’s commitment to developing and enhancing logistics infrastructure across West Africa.The facility’s strategi...

April 17, 2025 No Responses

NAHCO Attains N54b Turnover, Sets Aside N11.58b For 2024 Dividend

For the year ended December 31, 2024, Nigerian Aviation Handling Company (NAHCO) Plc attained an increase in Total revenue by 88.5 per cent, from N28.40 billion in 2023 to N53.54 billion in 2024.Also within the period, the company experienced increased...

April 17, 2025 No Responses

ABC Transport Upgrades Fleet With 2025 Toyota Hiace, Reiterates Commitment To Safety

To enhance customer satisfaction and operational reliability, ABC Transport Plc has added a fleet of brand new, 2025 model Toyota Hiace buses to its operations. City Business News reports that the acquisition aligns with the company’s missi...

April 17, 2025 No Responses

Nigerian Army Appoints First Female Acting Director, Army Public Relations

In a historic move, the Nigerian Army has appointed Lieutenant Colonel Anele Onyinyechi Appolonia as the Acting Director of Army Public Relations, the first female officer to hold the position. Lt Col Anele, a member of Direct Regular Course 15...

April 17, 2025 No Responses

FG Upgrades Maritime Academy To University Of Maritime Studies

The Federal Government has upgraded foremost maritine institution in Nigeria, Maritime Academy of Nigeria,,( MAN), Oron, to a Maritime University and a degree awarding institution.MAN, Oron, Akwa Ibom State was established in 1988 as a Nautical College, and op...

April 16, 2025 No Responses

Africa’s Asset Recovery Forum Seeks Action against Stolen Assets

The African Asset Recovery Practitioners Forum, AARP, has charged African countries to join hands in forging a road map and actionable processes against resource theft and asset recovery on the continent. This charge was given at the ongoing inaugural meeting....

April 16, 2025 No Responses

NADDC Boss At MOMAN AGM, Harps On Local Component Production

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin has laid out a transformative vision for Nigeria’s motorcycle and 3-wheeler industry centered on local component production.In his address at the Annu...

April 16, 2025 No Responses

FG, States, LGs Shared ₦1.5trillion

For the Month of March 2025, the Federation Account Allocation Committee (FAAC) has shared ₦1.578 trillion among the Federal Government, states and local governments. A communique made available by the Director, Press and Public Relations, Office of the Acco...

April 16, 2025 No Responses

SMEs Financing: SEC, SMEDAN Embark On Enlightenment Campaigns

The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, ...