Minister – Page 32 – City Business News

July 10, 2024 No Responses

NIMASA: Court Orders Final Forfeiture Of $16,500, ₦127m

The Federal High Court in Lagos has ordered the final forfeiture of $16,500 and another ₦127m fraudulently diverted from the Nigerian Maritime Administration and Safety Agency (NIMASA). The monies are to be forfeited to the Federal Government of Nigeria. Justice Kehinde...

July 8, 2024 No Responses

NDLEA Arrests Couple, Recovers N2.1b Drug In Lagos

The National Drug Law Enforcement Agency (NDLEA) has raided the Lagos base of a high-profile cocaine syndicate where large consignments of the class A drug meant for export and local distribution were recovered. According to the NDLEA, the syndicate is...

July 7, 2024 No Responses

Edun: ECOWAS Single Currency Will Boost W’African Economy

Nigeria is committed to the implementation of a single currency for the Economic Community of West African States (ECOWAS), Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister said the single-currency ECO would foste...

July 6, 2024 No Responses

FG To Investors: Unlock Potential In Nigeria’s Non-Oil Sector

Citing attractive investment returns in Nigeria, Vice President Kashim Shettima has called for a significant shift from dependence on oil to other critical sectors The Vice President identified agriculture, manufacturing, renewable energy and digital inn...

July 5, 2024 No Responses

Shippers’ Council Holds Maritime Seminar For Judges July 9-11

The Nigerian Shippers’ Council (NSC), Federal Ministry of Marine and Blue Economy in collaboration with the National Judicial Institute (NJI) is set to host the 17th edition of the International Maritime Seminar for Judges under the distinguished chairmanshi...

July 5, 2024 No Responses

Tolaram Appoints Adesuwa Ladoja As CEO Lagos Free Zone

The Board of Directors, Tolaram Group has appointed Adesuwa Ladoja as the Managing Director/Chief Executive Officer (CEO) of the Lagos Free Zone (LFZ) Company, one of its subsidiaries.Tolaram in a statement explained that the appointment is effective July 1, 2...

July 5, 2024 No Responses

FG Inaugurates Economic Team

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country. The Council has a mix of government officials, top private sector players, ...

July 5, 2024 No Responses

NGX Group Confirms Chiemeka as CEO Of NGX Limited

Nigerian Exchange Group Plc (NGX Group) has confirmed the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According to NGX Group, the appointment was effec...

July 4, 2024 No Responses

NPA Unveils New Tugboats

Minister of Marine and Blue Economy, Adegboyega Oyetola, has commissioned three newly acquired 80 tons bollard pull tugboats deployed to enhance the berthing of vessels at the Dangote Refinery and Lekki Deep Seaport.Christened MT IRAGBIJI, MT DAURA, and MT BAM...

July 3, 2024 No Responses

At TAAM Conference, Experts Outline Blueprint For Sustainable Shipping

As Nigeria continues to harness the potential of its maritime sector, experts have advocated for sustainable practices to ensure the long-term health and productivity of its blue economy.According to various experts who spoke at the sixth edition of the Taiwo....

July 2, 2024 No Responses

NNPC Declares State Of Emergency On Crude Oil Production

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this...

July 2, 2024 No Responses

NDDC To Develop New Strategies For Niger Delta Development

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has assured that the Niger Delta Stakeholders Summit, coming up on July 10-13, 2024, will develop strategies for economic growth and development of the Niger Delta Region....

June 30, 2024 No Responses

Adeleke Unveils Implementation Committee On Food Security

Governor Ademola Adeleke has opened up on the plans of his administration for the agricultural sector in the state, assuring stakeholders that farm inputs, tractorization and issue of food security are being addressed by his government. Speaking after a meetin...

June 28, 2024 No Responses

NPA Tops Presidential Ease-Of-Doing Business Ratings

The Nigerian Ports Authority (NPA) has emerged with a performance score of 100 per cent in the just concluded Cohort #3 of the Presidential Enabling Business Environment Council (PEBEC).In recognition of the dedication to driving the reforms, the Authority is....