Economy – Page 77 – City Business News

January 15, 2025 No Responses

NDLEA Budgets ₦67.5b For 2025

For the year 2025, the National Drug Law Enforcement Agency (NDLEA) has budgeted N67.5billion. Speaking on Tuesday, Chairman of the agency, Brigadier General Mohamed Marwa (Rtd) urged the National Assembly to support the agency in its fight against substance abuse...

January 15, 2025 No Responses

EFCC Arrests Internet Fraudsters In Benin City

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, January 14, 2025 arrested seven suspected internet fraudsters in Benin City, Edo State. According to EFCC, the suspects were arrested based on cre...

January 15, 2025 No Responses

Senate Rejects ₦8.9bn 2025 Budget For Information Ministry

The Senate Committee on Information and National Orientation has rejected the ₦8.9 billion allocation in the 2025 budget proposal to the Federal Ministry of Information and National Orientation, describing it as inadequate. The Chairman of the Committee, Sen...

January 15, 2025 No Responses

Ecobank Unveils ‘Kong In A Cage’ Art Installation

Continuing its efforts to foster sustainability in Nigeria, Ecobank Nigeria has unveiled a new art installation, Kong in a Cage, by artist Toyeeb Ajayi. The installation, made entirely from recycled materials, is now on display at the Ecobank Pan African...

January 14, 2025 No Responses

NASS Faults JAMB’s 2024 Budget Spending

The Senate and House of Representatives have resolved to remove the Joint Admissions and Matriculation Board (JAMB) from the Federal Government’s 2025 budget grant, citing concerns over the board’s financial management. Lawmakers argued on Monday that it i...

January 14, 2025 No Responses

UBA Rewards Customers With N41m

United Bank for Africa (UBA) Plc has distributed over N41.8m in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo which began last year, was specially designed by the bank to celebrate UBA’s...

January 13, 2025 No Responses

FG Reiterates Commitment To Strong, Vibrant Capital Market

The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development.The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with member...

January 12, 2025 No Responses

Customs Boss, Adewale Adeniyi Bags Maritime Personality Award

All is set for Nigerian Maritime Journalists (NMJ) award to be conferred on the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, MFR, as the “Iconic Maritime Personality of the Year 2024. The award ceremony is to hold...

January 11, 2025 No Responses

TotalEnergies Constructs Gas Treatment Unit To Stop Flaring, Supply Power Plants

TotalEnergies (45%, operator) and its partners, Basra Oil Company (30%) and QatarEnergy (25%) on Friday launched the construction works of ArtawiGas25, a first processing facility for the associated gas from the Ratawi field, located in the Basr...

January 11, 2025 No Responses

INEC Proposes N126b Budget For 2025

The Independent National Electoral Commission (INEC) has proposed the sum of N126 billion for its 2025 budget. The Chairman of the Commission, Prof Mahmood Yakubu, made the presentation while defending the 2024 budget implementation before the National Assembl...

January 11, 2025 No Responses

NDDC Canvasses Support For The Elderly

The Executive Director of Corporate Services in the Niger Delta Development Commission, NDDC, Hon. Ifedayo Abegunde, has appealed to organisations and the elite to extend a hand of fellowship to underprivileged citizens. Abegunde said this when the NDDC top of...

January 10, 2025 No Responses

Tinubu Seeks Increase In China-Nigeria Currency Swap

President Bola Tinubu on Thursday urged the government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries. He also called for an upward review of...

January 10, 2025 No Responses

CBN Stops Extension Of Export Proceeds Repatriation

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters. This directive, which was issued through a circular dated January 8, 2025, take immediate effect. The suspension applies to both...

January 9, 2025 No Responses

Chinese Bank Approves $254.76m Loan For Kano-Kaduna Railway

The China Development Bank (CDB) has granted a loan of 245 million euros ($254.76 million) for the construction of the Kano-Kaduna railway project in Nigeria. A statement by the bank on Tuesday said the move was to provide financial support...