City BusinessNews, Author at City Business News

August 14, 2021 No Responses

NIMASA Donates Materials To IDPs In FCT

Nigerian Maritime Administration and Safety Agency (NIMASA) on Friday donated some relief materials to the Federal Emergency Management Agency (FEMA) to empower Internally Displaced Persons (IDPs) in the FCT. NIMASA’s Director-General, Bashir Jamoh, said the donation was part of the...

August 14, 2021 No Responses

NCC: Telecomm Based Research Designed To Attain Capacity Development, Others

The Telecommunications-based research Innovations from Academics in the Nigerian Tertiary Institutions programme is designed to achieve outlined goals, the Nigerian Communication Commission (NCC) has said. In a notice published on its website and obtai...

August 14, 2021 No Responses

First Bank Sponsors 5th Edition Of Olusegun Obasanjo Golf Tournament

First Bank of Nigeria Limited has announced its sponsorship of the 5th edition of the Chief Olusegun Obasanjo golf tournament, organized by the Abeokuta golf club. The competition, which is scheduled to hold on Saturday, 14th August 2021 will have...

August 14, 2021 No Responses

Unclaimed Dividends Hit N170b

The Securities and Exchange Commission (SEC) on Friday said the total unclaimed dividends in the Nigerian capital market stood at N170 billion as of December 2020. The Director-General, SEC, Mr Lamido Yuguda, said this at the second post-Capital Market C...

August 13, 2021 No Responses

Bankers Plan Digital Process For Forex Sales

The Bankers’ committee has concluded plans to digitise sales of Foreign Exchange (Forex) across the country. According to a member of the Bankers’ Committee Group, Mr. Segun Agbaje, who is the chief executive officer of Guaranty Trust Hold...

August 13, 2021 No Responses

NCC Explores New Framework To Promote Local Content

As part of measures to drive the federal government’s goal in promoting indigenous content in the telecommunications industry, the Nigerian Communications Commission (NCC) is developing a new framework. NCC executive vice-chairman (EVC)/chief exe...

August 13, 2021 No Responses

Honey Well Flour, Wema Bank Top Gainers’ Table As Market Capitalisation Recovers N21b

Transactions on the Nigerian Exchange (NGX) gained momentum on Thursday as the volume of shares traded increased by 214.29 percent with the index appreciating by 0.11 percent. At the end of the day’s transactions, investors traded...

August 13, 2021 No Responses

Access Bank Unveils DiamondXtra Season 13, To Reward Customers With N600m

Access Bank Plc on Thursday unveiled DiamondXtra Season 13 savings promo to reward loyal customers with N600 million. The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, said at the launch in Lagos that the initiative was instituted to en...

August 13, 2021 No Responses

SEC Nigeria Collaborates With RIMAN To Deepen Capital Market

The Securities and Exchange Commission (SEC) has expressed readiness to collaborate with the Risk Management Association of Nigeria (RIMAN) to deepen the capital market. The Director-General of SEC, Mr Lamido Yuguda, stated this in his goodwill message a...

August 13, 2021 No Responses

APMDC Denies Alleged Arbitrary Charges

The management of the Associated Port Marine Development Company (APMDC), has denied allegations of arbitrary charges and charging in foreign currency levelled against it by the Nigerian Shippers’ Council (NSC). Recall that the council had shut dow...

August 12, 2021 No Responses

Shell To Pay $111m Compensation To Nigerian Community

Royal Dutch Shell has agreed to pay the Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the “full and final settlement” to the Ejama-Ebubu community over a spill...

August 12, 2021 No Responses

NUJ Condemns Arrest Of MMS Plus Reporter, Demands Apology

The Nigeria Union of Journalists (NUJ), Lagos State Council has condemned “in strong terms the arrest of Mr Yusuf Odejobi, a Reporter with MMS Plus in Lagos by the Police”. In a statement signed by Chairman, Adeleye Ajayi and Secretary,...

August 12, 2021 No Responses

SAHCO Boosts Operations With New Ground Support Equipment

Skyway Aviation Handling Company PLC (SAHCO) has expanded its Aviation Ground Support Equipment (GSE) fleet with new ultra-modern equipment A statement issued by Manager, Corporate Communications, Vanessa Uansohia explained that The fleet includes Air Conditio...

August 12, 2021 No Responses

Presidency Donates Intensive Care Ambulance To LASUTH

The Lagos State University Teaching Hospital (LASUTH) has received an Intensive Care Ambulance from the Office of Senior Special Assistant (SSA) to the President on Sustainable Development Goals (SDGs). LASUTH explained that gesture was facil...