City BusinessNews, Author at City Business News

November 2, 2021 No Responses

SEC Assures Lagos Free Zone Of Regulatory Support

The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has assured the management of the Lagos Free Zone (LFZ) of the commission’s required regulatory support. Yuguda gave the assurance during a joint visit by the SEC and...

November 1, 2021 No Responses

Zenith Bank Declares N180b PBT In Nine Months

For the nine months ended September 30, 2021, Zenith Bank Plc has posted a profit before tax (PBT) of N180 billion, the Group’s unaudited nine months financial results presented to the Nigerian Exchange (NGX)on Sunday, in Lagos, has indicated.&nbs...

November 1, 2021 No Responses

Oil Falls As China Rolls Out Reserves

Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a November 4, 2021 meeting of major crude producers that could increase future production targets....

November 1, 2021 No Responses

LIFEPAGE Unveils Almond County Project

In line with activities geared towards developing 1,000,000 homes across Africa by 2041, LIFEPAGE kicked off the building phase of her latest project, Almond County, Mowe Town on October 30, 2021. According to the Marketing Communication...

November 1, 2021 No Responses

McLean, Yemi Adefulu Lead Shell-Backed Clean Energy Centre In Canada

The Government of British Columbia, the Government of Canada and oil and gas major, Shell have established the British Columbia Centre for Innovation and Clean Energy (CICE) as part of measures to accelerate the commercialization and scale-up of...

November 1, 2021 No Responses

Shipping: TotalEnergies, Firm Seal MoU On Energy Transition

French energy major, TotalEnergies and Cyprus-based ship management and maritime service provider, Columbia Shipmanagement (CSM) have signed a memorandum of understanding (MoU) to explore various collaborative opportunities to foster energy transition, especia...

November 1, 2021 No Responses

Nigerian Content Board Commissions PE Energy’s Centre

The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned PE Energy’s Centre of Excellence in Port Harcourt, Rivers state, that would provide services in automation, process and metering systems. The ultra-modern centre, which was commis...

November 1, 2021 No Responses

Rubicon Wins FirstBank Georgian Polo Cup

Abuja Rubicon, a polo team, has returned to winning ways defeating defending Champions, El Amin, by 9 to 6-goals to win its third FirstBank sponsored Georgian Cup. The tournament, which held in Kaduna on Saturday paraded star players like Bashir...

October 31, 2021 No Responses

World Leaders Approve Corporate Tax Deal

Leaders of the world’s 20 major economies have approved a global agreement that will see the profits of large businesses taxed at least 15%. It follows concern that multinational companies are re-routing their profits through low tax jurisdictions. ...

October 31, 2021 No Responses

NLNG Announces Onyemelukwe-Onuobia Winner Of $100,000 Literature Prize

Cheluchi Onyemelukwe-Onuobia has emerged winner of the $100,000 NLNG Literature Prize for 2021 with her novel, the Son of the House. Chairman, Advisory Board, the Nigeria Prize for Literature & Literary Criticism, Prof Akachi Ad...

October 31, 2021 No Responses

Okomu Oil Reports N31.04b Turnover In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine-month ended September 30, 2021, Okomu Oil Palm Company Plc has declared N31.04 billion turnover, representing increase of 66.79 percent when compared with N18.61 billion attained within same pe...

October 31, 2021 No Responses

PenCom Extends 2021 Online Verification, Enrollment Exercise

The National Pension Commission (PenCom) has extended the online verification and enrollment exercise for 2021 retirees, and prospective retirees of the Federal Government Treasury Funded Ministries, Departments and Agencies (MDAs). The Head, Corpo...

October 30, 2021 No Responses

ExxonMobil Q3 Profits Rebound To $6.8b

ExxonMobil’s profits rebounded in the third quarter on strengthening oil and natural gas prices as the petroleum giant announced a new share repurchase programme, according to results released on Friday. The US oil company reported profits of S$6.8 billi...

October 30, 2021 No Responses

Sanwo-Olu Unveils Ecobank Pan African Centre

Lagos State Governor, Babajide Sanwo-Olu has said the new ultra-modern Ecobank Nigeria head office, the Ecobank Pan African Centre (EPAC) has a strong connection that will enhance the state’s Smart City Project and modernize infrastructure within the metropo...