Economy – Page 73 – City Business News

February 9, 2025 No Responses

Shippers’ Council Implore Stakeholders On Challenges

To successfully tackle factors associated with rising operational cost in the shipping industry and the need to further stimulate Nigeria’s economic growth, the Nigerian Shippers’ Council (NSC) recently convened a high-level meeting with industry stakeholders. Speaking at the one-day event held...

February 8, 2025 No Responses

NNPCL: No Explosion At Warri Refinery

The Nigerian National Petroleum Company Limited (NNPC) has described as false report of an explosion at the Warri refinery. According to NNPCL, Warri refinery is currently loading eight trucks of diesel and kerosene per day. A statement issued by the...

February 6, 2025 No Responses

NPA Increases Tariff, Assure Port Competitiveness

Faced by the exigency of bringing Nigerian Ports up to speed with those of its peers in terms of infrastructure and equipment, the Nigerian Ports Authority (NPA) has secured necessary approvals for an upward review in its tariffs which was...

February 5, 2025 No Responses

FG To Raise N758b Bond

The Federal Executive Council (FEC) on Tuesday gave an approval to the Debt Management Office to raise N758 billion bond to clear the backlog of pension liabilities for all categories of pensioners. FEC also approved a 30 million Euro long-term...

February 5, 2025 No Responses

Lagos Reaffirms Commitment To Human Capital Development

Lagos State Government has reiterated its commitment to invest in human capital development as part of measures to enhance governance and service delivery. The Commissioner for Establishments and Training, Mr. Afolabi Ayantayo, made this assertion on Tuesday a...

February 4, 2025 No Responses

Diri Harps On Agge Seaport As FG’s Team Visits Bayelsa

‎Governor of Bayelsa State, Senator Douye Diri, has restated his administration’s commitment towards actualising the deep seaport project at Agge in Ekeremor Local Government Area of the state.Governor Diri gave the assurance when he received the federal g...

February 4, 2025 No Responses

EFCC, Nigeria Customs, NFIU, Train Law Enforcement Officers

The Economic and Financial Crimes Commission (EFCC) in collaboration with the Nigeria Customs Service (NCS) and the Nigeria Financial Intelligence Unit (NFIU) have organized a two-day empowerment Workshop for fifty law enforcement officers drawn from various a...

February 4, 2025 No Responses

Edo Records N10b IGR In January

Executive Chairman, Edo State Internal Revenue Service (IGR), Hon. Oladele Bankole-Balogun has revealed that the Edo Internal Revenue Service (EIRS) recorded over N10billion in the month of January, 2025.Bankole-Balogun revealed the development when he paid a ...

February 4, 2025 No Responses

Nigeria Generates $831.14b From Oil, Gas In 24 Years

Nigeria generated over $831.14 billion in revenue from the oil and gas sector between 1999 and 2023, the Nigeria Extractive Industries Transparency Initiative (NEITI), has declared. NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday when he...

February 2, 2025 No Responses

Dangote Refinery Crashes Ex-Depot Price Of PMS To N890

Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday, February1, 2025. A statement sent to City Business News explained that the price adju...

February 1, 2025 No Responses

NCAA Revokes Eastwind Aviation, Omni-Blu Air’s Operator Certificates

The Nigeria Civil Aviation Authority (NCAA) on Friday revoked the air operator certificates of Eastwind Aviation Logistics Services Limited and Omni-Blu Aviation. In a post on its X handle, the NCAA said the move is part of efforts to “further sani...

February 1, 2025 No Responses

EFCC Arraigns 11 Chinese, One Filipino for Alleged Internet Fraud

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Friday, January 31, 2025, arraigned 11 Chinese, one Filipino and a company, Genting International Co. Ltd, before Justice D.I. Dipeolu of the Federal High Court sitting in...

January 31, 2025 No Responses

Katsina Gov Visits NGX Group, To Leverage Capital Market Opportunities

Nigerian Exchange Group (NGX Group) hosted the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a significant step toward advancing the state’s economic vision through capital market opportunities. The visit reaffirmed...

January 30, 2025 No Responses

EFCC, NIRA To Strengthen Cyber Security Collaboration

The Nigeria Internet Registration Association, (NIRA) has resolved to strengthen its existing collaboration with the Economic and Financial Crimes Commission (EFCC) towards enhancing the country’s cyber security.The resolution was reached on Wednesday, Janua...