Economy – Page 60 – City Business News

April 15, 2025 No Responses

Oyetola To NIMASA: Commence Process Of CVFF Disbursement

The Minister of Marine and Blue Economy, Adegboyega Isiaka Oyetola has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process that will lead to the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF).A statement issued...

April 15, 2025 No Responses

OPEC Cuts 2025 Oil Demand Forecast

The Organization of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its Monthly Oil Market Report (MOMR) for April, the Secretariat now...

April 15, 2025 No Responses

Apapa Customs Command Collects ₦694.1b In Q1

The Apapa Port Command of Nigeria Customs Service (NCS) has collected a total of ₦694,167,949,142.56 as 2025 first quarter revenue Area Controller of the Command, Comptroller Babatunde Olomu who disclosed this when he receive...

April 14, 2025 No Responses

ISA Bans Unregistered Digital Asset Exchanges, Online Forex Platforms

The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC).Signed into law ...

April 13, 2025 No Responses

SCAN Lauds Oyetola For Appointing Akinola As Media Adviser

The Shipping Correspondents Association of Nigeria (SCAN) has commended the Minister for Marine and Blue Economy, Gboyega Oyetola for appointing foremost maritime Journalists, Dr Bolaji Akiola, as Special Adviser on Media and Communications.In a statement issu...

April 13, 2025 No Responses

Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO

Seplat Energy Plc has restated its commitments to energy sustainability as it impacts people, environment and corporate governance, stressing that its focus is long-term with dividends accruable beyond today.The Chief Operating Officer, Seplat Energy, Mr. Sams...

April 13, 2025 No Responses

TCIPC Customs Harps On Zero Tolerance For Corruption

The Nigeria Customs Service (NCS) Tincan Island Port Command (TCIPC), has reiterated its unwavering commitment to integrity and professionalism at a one day lecture organised by the Anti-Corruption and Transparency Unit (ACTU) of the NCS, in collaboration with...

April 12, 2025 No Responses

Shippers’ Council Harps On Digital Transformation

The Executive Secretary/CEO, Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, has stated that the Council remains committed to its role as the port economic regulator and is actively pursuing its transition into the Nigerian Port Economic Regulatory Agency...

April 12, 2025 No Responses

Shippers’ Council Seeks Liaison Desks At Nigerian embassies

The Executive Secretary/CEO of Nigerian Shippers’ Council (NSC), Dr. Pius Akutah, paid a courtesy visit to the Minister of Foreign Affairs, Amb. Yusuf Tuggar on Friday at his office in Abuja.According to Akutah, the visit is aimed at fostering collaborat...

April 11, 2025 No Responses

Digital Assets: Nigeria Predicts Exit From Grey List

The Securities and Exchange Commission (SEC) has predicted that the nation may exit the grey list soon with the inclusion of digital assets regulation in the recently signed Investments and Securities Act 2025 by President Bola Ahmed Tinubu.Director General of...

April 10, 2025 No Responses

NSML,Temile Development Company Sign Letter of Intent

Photo Caption: Alfred Temile, Managing Director/CEO, Temile Development Company Limited (Left) and Abdulkadir Kere Ahmed, Managing Director/CEO of NLNG Shipping and Marine Services Limited (NSML) after signing Letter of Intent in London on Wednesday. NLNG Ship...

April 10, 2025 No Responses

Shippers’ Council Brainstorm On Regulatory, Operational Capacity

The Nigerian Shippers’ Council (NSC) is set for a significant transformation as the Nigerian Port Economic Regulatory Agency (NIPERA) bill awaits presidential assent from President Bola Ahmed Tinubu.This development was highlighted by NSC’s Executi...

April 10, 2025 No Responses

Naira-For-Crude: FG Directs Full Implementation

The Federal Executive Council (FEC) has ordered the full implementation of the previously suspended Naira-for-Crude agreement with local refiners. According to the federal government (FG), the initiative is not a temporary measure but a “key policy directive...

April 10, 2025 No Responses

Okonjo-Iweala: Tariff War Could Cut US-China Goods Trade By 80%

Director General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump raise...