Economy Archives — Page 87 of 231

October 16, 2023 No Responses

Lagos Holds Groundbreaking For $100m Film City Wednesday

All is set for the construction of the Lagos Film City, one of the Legacy Projects of the Governor Babajide Sanwo-Olu administration. A statement issued by Commissioner, Information and Strategy, Gbenga Omotoso explained that the groundbreaking of the N100m project...

October 15, 2023 No Responses

CMA CGM Votes $600m For New Terminal

French shipping major CMA CGM has revealed the names of its new terminals in the United States as the company embarks upon a $600 million upgrade at “Port Liberty New York” and “Port Liberty Bayonne”. The terminals were acquired by...

October 14, 2023 No Responses

Shell Probes Leak From Bayelsa Flow Station

The Shell Petroleum Development Company of Nigeria has confirmed the October 3 oil spill from its facilities at Peremabiri community in Southern Ijaw Local Government Area of Bayelsa State. Michael Adande, a Spokesperson for SPDC, confirmed the development to ...

October 14, 2023 No Responses

Alake Seeks Synergy With Interior Ministry

Minister of Solid Minerals Development, Dr. Dele Alake has said synergy with the Interior Ministry is crucial to the development of solid minerals in line with the Renewed Hope agenda of President Bola Tinubu’s administration. Speaking while welcoming his ...

October 14, 2023 No Responses

Lagos Govt Clampdown On Illegal Dredgers

The Lagos State Ministry of Energy and Mineral Resources on Thursday embarked on a monitoring and enforcement exercise to dredging sites in Ibeshe-Ikorodu and Ilaje areas of the State to enforce compliance with the rules and regulations guiding dredging in...

October 13, 2023 No Responses

Tinubu Appoints New CEOs For CAC, SON, NADDC, Others

President Bola Tinubu has approved the appointment of new Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry, Trade and Investment, in line with his resolve to base Nigeria’s economic revival on the founda...

October 13, 2023 No Responses

NIMASA Act Amendment Bill Passes First Reading

The bill to amend the Nigerian Maritime Administration and Safety Agency NIMASA Act has passed the first reading on the Floor of the Nigerian Senate. Chairman Senate Committee on Marine Transport, Senator Wasiu Sanni Eshinlokun, who announced this during...

October 13, 2023 No Responses

CBN Lifts Restriction On 43 Items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech. AbdulMumin also announced that Import...

October 13, 2023 No Responses

Obaseki Harps On Digital Infrastructure

The Edo State Governor, Mr. Godwin Obaseki, has said that the State’s adoption of an e-government platform and investment in digital infrastructure would provide new opportunities for youths to innovate and create digital solutions for use by the government ...

October 12, 2023 No Responses

Seplat CEO: Affordable, Reliable Energy Key To Creating Jobs

Affordable and reliable energy provides the right platform for businesses in Africa to create and retain jobs for its fast-growing population and further make the Continent sustainable. Access to energy and energy security remains critical for the Contin...

October 12, 2023 No Responses

Wabote: Oil Assets Divestments Will Boost Production, Employment

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by Nigerian operati...

October 12, 2023 No Responses

British Airways Suspends Flights To Tel Aviv

British Airways has suspended flights to Israel after turning back one of its planes shortly before landing, due to security concerns. Flight BA165 has returned to Heathrow after nearly reaching Tel Aviv on Wednesday, BA said. A spokesperson for Israel’s...

October 12, 2023 No Responses

Tinubu Appoints New CEOs For NCC, NIPOST, Others

President Bola Tinubu has appointed five new Chief Executive Officers across multiple agencies under the Federal Ministry of Communications, Innovations, and Digital Economy. In a statement on Wednesday, Special Adviser on Media and Publicity, Ajuri Ngel...

October 11, 2023 No Responses

NDDC, NLNG Sign Pact On Development In Niger Delta

The Niger Delta Development Commission (NDDC) and Nigeria LNG Limited (NLNG) on Tuesday signed a Memorandum of Understanding (MoU) to leverage shared aspirations and collaborate on diverse fronts in the delivery of sustainable development projects in the regio...