City BusinessNews, Author at City Business News

August 2, 2024 No Responses

Shareholders Lose N235bAmidst Nationwide Protest

The Nigerian stock market on Thursday, August 1, 2024, lost N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. At the end of the day’s transactions, the market capitalisation reduced to N55.278 trillion from an opening...

August 1, 2024 No Responses

National Assembly Increases CBN Ways And Means Loans To FG

The Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government. The upper chamber of the Nigerian legislature...

August 1, 2024 No Responses

Protests: IGP Warns Against Violence

The Inspector General of Police (IGP), Kayode Egbetokun, has directed his men across the country to “deal decisively” with arsonists and troublemakers as youths stage #EndBadGovernance protests against hunger and economic hardship across the Federation sta...

July 31, 2024 No Responses

VFD Group Declares N3.11b Profit for H1 2024

VFD Group Plc has announced its unaudited financial results for the first half of the year 2024.The Group reported a profit after tax of N3.11 billion, demonstrating strong financial performance and resilience in a challenging economic landscape.Group’s tota...

July 31, 2024 No Responses

Customs Suspend Import Duties, Taxes On Essential Food Items

The Nigeria Customs Service has suspended import duties and taxes on essential food items. According to the Customs Comptroller General, Bashir Adewale Adeniyi, the suspension is to make food items affordable for Nigerians. Adeniyi in a post on...

July 31, 2024 No Responses

NADDC DG Visits Kia Motors CNG- Conversion Workshop

Following the commencement of Accreditation and Certification of Workshops/Personnel for Conversion of Compressed Natural Gas (CNG) Powered vehicles, the Director General, National Automotive Design and Development Council (NADDC), Mr Oluwemimo Joseph Osanipin...

July 31, 2024 No Responses

Onyeka Onwenu Dies At 72

Foremost Nigerian singer and actress, Onyeka Onwenu has reportedly died at the age of 72. She was said to have died on Tuesday night at the Reddington Hospital in Lagos after slumping at the birthday party of Mrs Stella Okoli....

July 30, 2024 No Responses

Again, SAHCO Bags British Airways Award

Skyway Aviation Handling Company PLC (SAHCO) has been awarded the prestigious Punctuality Award by British Airways for its outstanding regularity and safety performance in the first and second quarters of 2024 at the Murtala Muhammed International Airport Lago...

July 30, 2024 No Responses

TotalEnergies Exits Offshore Blocks 11B/12B, 5/6/7

TotalEnergies has announced its withdrawal from Block 11B/12B, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest. TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, Bru...

July 30, 2024 No Responses

Access Bank Revamps QuickBucks, Disburses N740b Digital Loans in Seven Years

Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers.The bank said customers can access the bank’s digital loans for businesses, vehicle financing, school fees payment, among others. QuickBucks Loans...

July 29, 2024 No Responses

NCC Orders Immediate Reactivation of Lines Affected by NIN-SIM Verification Issues

The Nigeria Communications Commission(NCC)has directed all mobile operators to reactivate all lines that were disconnected over the weekend.The NCC said it took the decision because the consumer is its priority.A statement issued by Reuben Muoka,NCC Director, ...

July 29, 2024 No Responses

NLNG’s Chartered Vessel, AKTORAS, Arrives Bonny Terminal

A new state-of-the-art and energy-efficient vessel, AKTORAS, chartered by Nigeria LNG Limited (NLNG), has arrived at the Company’s Bonny Terminal for its maiden loading of LNG. The charter of the vessel by NLNG’s shipping subsidiary, Bonny Gas Transp...

July 29, 2024 No Responses

Obaseki Flags Off Distribution of 56,000 Bags of Rice

The Edo State Governor, Mr. Godwin Obaseki, at the weekend, flagged off the second phase of the Christian Feeding Programme (CFP) with the distribution of 56,250 bags of 10kg rice across the State as part of efforts to alleviate suffering...

July 28, 2024 No Responses

Shippers’ Council, NNPCL To Strengthen Partnership

Executive Secretary/ Chief Executive Officer, Nigerian Shippers Council (NSC), Barrister Pius Akutah, recently, led the management team to the Nigerian National Petroleum Corporation Limited (NNPCL) Towers in Abuja in a bid to enter strategic collaboration.Dur...