City BusinessNews, Author at City Business News

December 9, 2021 No Responses

Air Peace Partners Project Pink Blue On Cancer Management

As part of its Corporate Social Responsibility (CSR) Air Peace has partnered with Project Pink Blue for its 2021 Upgrade Oncology Programme, an initiative for strengthening the capacity of cancer treatment through training in oncology in Nigeria. A statement issued...

December 9, 2021 No Responses

Nigerian Stock Market Sustains Growth By N217b

Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks. Specifically, the market capitalisation inched higher by N217...

December 9, 2021 No Responses

NIMASA DG Assures IGP of Support In Combating Maritime Crimes

Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has assured the Inspector General of Police, Usman Alkali Baba of support and strengthened partnership in the fight against maritime crime. Jamoh at a...

December 8, 2021 No Responses

Equinix Acquires MainOne For $320m

Equinix Inc, international digital infrastructure company, on Tuesday announced its expansion into Africa through $320m acquisition of MainOne, a leading West African data center and connectivity solutions provider. Charles Meyers, CEO, of Equinix, expla...

December 8, 2021 No Responses

SEC Nigeria Photo News

L-R: Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda, Member House of Representatives Committee on Capital Market, Hon Muktar Ladan, Chairman of the Committee, Hon Babangida Ibrahim and Executive Commissioner Corporate Service...

December 8, 2021 No Responses

How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG

The Securities and Exchange Commission (SEC) has disclosed that the Commission is engaging relevant stakeholders in a bid to resolve issues of identity management which will assist in solving the rising unclaimed dividends in the capital market as well as...

December 8, 2021 No Responses

NGX Recovers N5b

The Nigerian stock market rebounded on Tuesday by five billion naira to halt six days consecutive bearish outing. Specifically, the market capitalisation which opened at N21.920 trillion inched higher by five billion or 0.02 per cent to close at N21.925....

December 8, 2021 No Responses

Customs Bill On Electronic Transactions Scales 2nd Reading In Senate

A bill to empower Nigeria Customs Service (NCS) to carry out electronic transactions scaled second reading in Senate on Tuesday. This followed the presentation of the lead debate on the general principles of the bill by the sponsor, Sen. Francis...

December 8, 2021 No Responses

ICPC Inaugurates Anti-Corruption Transparency Unit In NRC

Independent Corrupt Practices and Other Related Offences Commission (ICPC) has inaugurated Anti-Corruption Transparency Unit (ACTU) in the Nigeria Railway Corporation (NRC), Lagos. The News Agency of Nigeria (NAN) reports that the Chairman, ICPC, Prof. Bolaji ...

December 8, 2021 No Responses

Samsung Secures $622m Contract For Three New LNG Carriers

South Korean shipyard Samsung Heavy Industries (SHI) has received orders for three new LNG carriers valued at $622 million . Specifically, the shipyard received these orders from a Bermuda regional shipping company and from an Oceania regi...

December 8, 2021 No Responses

CBN Earmarks N5b Loan For Investors

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project. Information in the apex bank’s website revealed that the initiative was design...

December 7, 2021 No Responses

Dangote Refinery Awards Scholarship To Students In Host Communities

As part of its Corporate Social Responsibility (CSR) programmes, Dangote Oil Refining Company has awarded scholarships to students of 137 tertiary institutions and secondary schools from its host communities in Ibeju Lekki, Lagos State. The company said ...

December 7, 2021 No Responses

eTranzact: Resolving 70m Unbanked Population Will Increase Market Participation

The Managing Director/Chief Executive Officer of eTranzact International Plc, Mr Olaniyi Toluwalope, has said that leveraging technology could help close the investment gap in the capital market. Toluwalope said this at the Capital Market Correspondents Associ...

December 7, 2021 No Responses

AMCON To Publish Debtors’ List In January

The Asset Management Corporation of Nigeria (AMCON) has concluded arrangements to publish the full list of the names of individuals, institutions as well as their Directors on its Non-Performing Loans (NPLs) portfolio in national newspapers. The Chairman...