. News Archives — City Business News

July 22, 2024 No Responses

Dana Motors Seals CNG Conversion Kits Mass Distribution Deal

As part of the Presidential Compressed Natural Gas (CNG) Initiative, Dana Motors, one of the conversion centers, has announced participation in the mass distribution. The initiative marks a significant milestone in Nigeria’s journey towards cleaner and more efficient energy use...

July 22, 2024 No Responses

Single Window: Shippers Council Seeks Stakeholders Collaboration

The Nigerian Shippers Council (NSC) has expressed its support for the National Single Window (NSW) Steering Committee as part of measures to promote effective operationalization of the platform. The Executive Secretary/Chief Executive Officer of NSC, Pius Akut...

July 22, 2024 No Responses

Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive Years

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places...

July 20, 2024 No Responses

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks. In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...

July 16, 2024 No Responses

FG Tasks New NEITI Board On Resource Mobilisation

The Federal Government has challenged the newly reconstituted Board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to strengthen the agency’s drive towards domestic resource mobilization. Secretary to the Government of the Federat...

July 12, 2024 No Responses

Tinubu Appoints Dantsoho NPA MD

President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the Managing Director of the Nigerian Ports Authority (NPA). The President has also approved the appointment of Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian...

July 9, 2024 No Responses

UBA’s GMD Emerges Chairman, CIBN Body Of Banks’ CEOs

The Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs.The CIBN announced this appointment on its w...

June 30, 2024 No Responses

How To Lift Nigeria’s Auto Industry, By NAMA

Nigeria’s automotive industry holds significant potential to contribute to the country’s economic development, the Nigeria Auto Manufacturers Association (NAMA) has said.In his presentation at the maiden edition of the Nigeria Auto Industry Summit ...

March 21, 2024 No Responses

Edo, Oando To Generate 175MW Wind Energy

The Edo State Government’s renewable energy programme being implemented in partnership with Oando Energy will result in the construction of wind turbines across three locations in the three senatorial districts of the State.The locations, according to studie...

March 13, 2024 No Responses

NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR).According to Dr. Mshelb...

March 7, 2024 No Responses

SIFAX Group Appoints Basil Agboarumi Executive Director

SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Int...

March 7, 2024 No Responses

Heirs Energies Expands Gas Supplier To Geometric Power Plant

Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...

March 7, 2024 No Responses

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, ...

March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...