. News Archives — Page 18 of 24

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 studies by Oando Energies,...

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...

March 3, 2024 No Responses

Experts Propose Advancing AfCFTA Implementation As Theme Of Next Conference Of Ministers

The next Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM2025) will be held in Ethiopia in March 2025. A statement issued on Sunday explained that at the closing of the Experts Segment of...

March 3, 2024 No Responses

FG Approves 90-Day Window For Payment Of Duty On Improperly Imported Vehicles

To enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Minister of Finance and Coordinating Minister of the Economy, has announced a 90-day window for regularizing import duties on specific ca...

March 2, 2024 No Responses

Africa Prudential Appoints Catherine Nwosu CEO

Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange Group (NGX Group), has announced a historic leadership transition. Effective March 1, 2024, Catherine Nwosu will become the company’s first female Chief Executive Offic...

March 1, 2024 No Responses

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...

March 1, 2024 No Responses

Owerri Customs Impounds N5.35b Contrabands In 2023

Between January and December, 2023, the Nigerian Customs Service (NCS), Federal Operations Unit (FOU), Zone C, Owerri, recovered N5.5billion from smugglers and fraudulent importers. A statement on Friday explained that the unit intercepted contraband from smug...

February 28, 2024 No Responses

Air Peace Unveils London Flight Fares, Offers Return Economy For N1.2m

Air Peace has gone live with its flight schedules for its London service billed to commence on March 30, 2024, with unbeatable fares. The airline disclosed this on Wednesday, February 28, 2024, in a press statement obtained by City Business...

February 23, 2024 No Responses

NESG, ACF Partner To Boost Nigeria’s Energy Transition, Carbon Finance Market

The Nigerian Economic Summit Group (NESG) in partnership with the African Climate Foundation (ACF), held a private sector stakeholder engagement to strengthen public-private collaboration to implement Nigeria’s energy transition plan and develop the carb...

February 19, 2024 No Responses

Ardova’s Ijora Terminal Begins Operations In March

Ardova Plc’s (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024.Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the facility by the Nigerian Midstre...