Economy Archives — Page 97 of 259

January 18, 2024 No Responses

Poisonous Plantain Chips: Lagos Alerts Residents

The Lagos State Consumer Protection Agency (LASCOPA) has raised an alert to consumers of the popular fried plantains, commonly known as “Plantain Chips.” The State Government through the agency urges the public to be vigilant and wary of any potentially unwholesome practices in...

January 17, 2024 No Responses

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank...

January 17, 2024 No Responses

Joint Tax Board Seeks Partnership With Nigeria Customs

As part of measures to enhance effective tax management in Nigeria, Secretary of the Joint Tax Board (JTB), Mr. Olusegun Adesokan, on Tuesday paid a visit to the Comptroller General of Customs, Bashir Adewale Adeniyi. The visit aimed at soliciting...

January 17, 2024 No Responses

Tin Can Customs Targets N1.130Trilion In 2024

For the year 2024 fiscal year, the Tin Can Island Command, Nigeria Customs Service (NCS) has set a revenue target of N1.130tillion. Meanwhile, the Command has announced a revenue generation of N716bn for last year as against 801bn target it...

January 17, 2024 No Responses

Edo To Install Charging Stations, Roll Out Electric Vehicles

The Edo State Government has unveiled plans to install charging stations in strategic locations across the State as it prepares for the rollout of electric vehicles in the first phase of its clean energy project. This was disclosed during the...

January 16, 2024 No Responses

APM Terminals To Invest $500m In Port Terminal

A.P. Moller-Maersk’s APM Terminals has partnered with Plaquemines Port Harbor and Terminal District (Plaquemines Port) to build a major container terminal on the West Bank of Plaquemines Parish, Louisiana, United States. According to APM Terminals, the new t...

January 16, 2024 No Responses

Ministers Harp On Use Of Scanners At Seaports

As part of efforts to ensure ports efficiency and competitiveness, the ministers of Marine and Blue Economy, Adegboyega Oyetola, Transportation, Senator Said Ahmed Alkali and CG Customs, Bashir Adeniyi met on Monday and agreed that physical inspection of cargo...

January 16, 2024 No Responses

Investors Gain N874b As Indices Increase By 1.92%

The Nigerian Exchange Ltd., (NGX) on Monday traded on a positive note, as the All-Share Index rose strongly by 1.92 per cent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, as against 83,042.96 achieved on Friday. Also, investors...

January 15, 2024 No Responses

LAMATA Cautions Commuters Against Payments Into Personal Accounts

The Lagos Metropolitan Area Transport Authority (LAMATA) has advised commuters in the State to only use authorised Bank Accounts to pay for transport services. A statement signed by the Consultant, Corporate Communication of LAMATA, Mr. Kolawole Ojel...

January 15, 2024 No Responses

Ecobank Group Unveils Brand Campaign At Africa Cup of Nations

Ecobank Group on Sunday unveiled its new brand campaign, ‘A BETTER WAY | A BETTER AFRICA’ at the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 (AFCON). A statement explained that Ecobank is a proud official sponsor of the...

January 14, 2024 No Responses

QatarEnergy Seals $2.4b Contract For Eight LNG Carriers

QatarEnergy has sealed a contract with Chinese shipbuilder, CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers valued at over $2.4 billion and are to be delivered between 2028 and 2029. According to World Maritime Ne...

January 14, 2024 No Responses

10 Corps Members Depart For India On Youth Exchange Programme

Ten National Youth Service Corps (NYSC) members will travel to India on Sunday to participate in a Youth Exchange Programme organised by the Indian National Cadet Corps. The annual programme is held to commemorate the Independence Anniversary of the Republic.....

January 13, 2024 No Responses

Dangote Refinery Begins Production

By Moses Ebosele, ebosele@hotmail.com — Dangote Refinery, the largest single-train refinery in the world commenced production on Friday, January 12, 2024. Earlier scheduled to begin operations in June 2023, the oil refinery received its first crude ...

January 13, 2024 No Responses

Total Energies Visits NCDMB, Reconfirms Final Investment Decision For Ubeta Project in 2024

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed that the company ...