City BusinessNews, Author at City Business News

January 27, 2022 No Responses

DMO Lists $4b Oversubscribed Eurobond In FMDQ Exchange

Debt Management Office (DMO) has listed its 2021 $4 billion Federal Government of Nigeria (FGN) Eurobonds on the FMDQ Group Securities Exchange. This is in a bid to build investors’ confidence and also secure their investments. The DMO revealed on its...

January 27, 2022 No Responses

Amaechi Receives Report On Private Jetties

Minister of Transportation, Mr Rotimi Amaechi, has commended members of the Presidential Standing Committee on Private Jetties (PSCPJ) for compiling and presenting report and compendium of private jetties in Nigeria. Amaechi, while receiving the re...

January 27, 2022 No Responses

Buhari Mourns Ex-Customs Boss, Hamman Ahmad

President Muhammadu Buhari has expressed heartfelt condolences to the Ahmad family on the passing of the former Comptroller General of the Nigeria Customs Service, Hamman Ahmad. In a condolence message released by his Senior Special Assistant on Media an...

January 27, 2022 No Responses

5G: Telecom Operators Rule Out Interference With Flights

Nigerian telecom operators on Wednesday allayed fears of 5G’s interference with flight operations in the country. The Association of Licensed Telecommunications Operators of Nigeria (ALTON) made the clarification in a statement jointly signed by its Ch...

January 27, 2022 No Responses

Yakubu: No Excuse Not To Get FCT Election Right

The Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has challenged Electoral Officers of the commission in the Federal Capital Territory (FCT) to ensure that they get the Feb. 12 area councils’ election right. Yakubu gave th...

January 27, 2022 No Responses

Rotimi Olubi: 2023 Campaigns Will Increase Foreign Portfolio Outflows

The Managing Director, Morgan Capital Securities Ltd., Mr Rotimi Olubi, has said that electioneering for 2023 general elections will further increase foreign portfolio outflows. Olubi said this at a forum organised by the Capital Market Correspondents As...

January 27, 2022 No Responses

Hyundai Creta Tops SUV Exports

Hyundai Motor India exported 32,799 units of the Creta SUV in 2021, making it the most exported SUV in India and registering a growth of 26.17 percent. In total, Hyundai Motor India Limited exported 42,238 SUVs. Hyundai exported 25,995 ...

January 27, 2022 No Responses

AIR PEACE DEPLOYS E195-E2, B737 ON ANAMBRA ROUTE

Following NCCA’s recent approval of the Anambra Airport to operate B737-700 and its equivalent aircraft, Air Peace, Nigeria’s leading airline, has announced the deployment of its brand new Embraer 195-E2 and Boeing 737 aircraft on the Anambra route. Th...

January 26, 2022 No Responses

NLNG Seeks Partnership With NMDPRA On Domestic Gas Supply

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has expressed readiness to partner with Nigerian Liquified Natural Gas (NLNG) company towards solving Nigeria’s energy challenges. According to the Authority, the partnership will ...

January 26, 2022 No Responses

APPEALS Project Team Concludes Study Tour To Ghana

As part of efforts to facilitate knowledge acquisition and experience sharing within the West African sub-region, a delegation of the Nigeria Agro-Processing, Productivity Enhancement and Livelihood Support (APPEALS) Project has concluded a one-week...

January 26, 2022 No Responses

Fitch Affirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(...

January 26, 2022 No Responses

2021: NCS Generates N493.75b At TinCan Island Port

The Nigeria Customs Service (NCS), TinCan Island Ports (TCIP) command generated N493,754,017,176.81 in 2021. The Area Controller, TCIP Command, Comptroller Abdullahi Musa, made this known in a statement signed by Mr Uche Ejesieme, Public Relations Office...

January 26, 2022 No Responses

Emefiele: Food Prices Will Moderate In 2022

The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians that food prices would not accelerate the way people had anticipated in 2022. The CBN Governor, Mr Godwin Emefiele, said this while answering questions from the press after presenting the...

January 26, 2022 No Responses

Deregulation: FG Introduces Infrastructure Fund For Auto Gas Transition

The Federal Government says it will take into consideration infrastructure fund for the midstream and downstream sector targeted at developing gas infrastructure to actualise Auto Gas Transition. Chief Timipre Sylva, Minister of State for Petroleum Resou...