Author: City BusinessNews

Warren Buffett Donates $4.1b To Charity
June 24, 2021 No Responses

Warren Buffett Donates $4.1b To Charity

Billionaire Warren Buffett has donated another $4.1bn (£2.9bn) worth of Berkshire Hathaway shares to charity. Regarded as the world’s most successful investor, the Berkshire Hathaway chairman has given away huge sums of his wealth to charity.  In a statement, he...
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SAHCO Shareholders Okay N223.34m For 2020 Dividend
June 23, 2021 No Responses

SAHCO Shareholders Okay N223.34m For 2020 Dividend

For the 2020 financial year, shareholders of Skyway Aviation Handling Company (SAHCO) Plc, on Tuesday in Lagos unanimously approved N223.34 million dividend,  amounting to 16.5 kobo per share.  Chairman of the company, Dr Taiwo Afolabi...
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NAFDAC Tasks Stakeholders On Drug Abuse Eradication
June 23, 2021 No Responses

NAFDAC Tasks Stakeholders On Drug Abuse Eradication

The National Agency for Food and Drug Administration and Control (NAFDAC) has stressed the need for all stakeholders to work together towards eradicating the menace of drug abuse in the country.  Prof. Moji Adeyeye, NAFDAC Director General, made the ...
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27 Years After, Okitipupa Oil Palm Shareholders Get 25kobo Dividend
June 23, 2021 No Responses

27 Years After, Okitipupa Oil Palm Shareholders Get 25kobo Dividend

The Okitipupa Oil Palm Plc has resolved to pay its shareholders 25k dividends for the year ended December 31, 2020,  27 years after it last paid.  Chairman of the Board of Directors, Chief Mobolaji Osomo,  made the disclosure at the 31st...
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Kano Free Trade Zone To Generate $2b Export Value
June 23, 2021 No Responses

Kano Free Trade Zone To Generate $2b Export Value

The Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, says the Kano Free Trade Zone (FTZ)  will bring in an export value of  two billion dollars by 2027 after concession.  A statement by Amina Othman, Head, BPE Public Communica...
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NCAA DG: Air Peace Acquisition Of Brand-New Aircraft A Milestone In Nigeria’s Aviation
June 23, 2021 No Responses

NCAA DG: Air Peace Acquisition Of Brand-New Aircraft A Milestone In Nigeria’s Aviation

The Director-General of Nigerian Civil Aviation Authority, NCAA, Captain Musa Nuhu, has described the acquisition of brand-new aircraft by Air Peace as a milestone in Nigeria’s aviation industry, noting that what is happening in the industry is a paradigm sh...
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Daewoo Secures Order For Six LNG-Powered Container Vessels
June 23, 2021 No Responses

Daewoo Secures Order For Six LNG-Powered Container Vessels

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs).  The contract, worth KRW 1.1 trillion (about $1 billion), was signed with ...
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BoI Disburses N969.6b In Five Years
June 23, 2021 No Responses

BoI Disburses N969.6b In Five Years

The Bank of Industry (BoI) has disbursed loans worth N969.7 billion to borrowers in five years to support various businesses.   BoI Deputy Head, Business Development, Mrs Aderonke Akinluyi, disclosed this at a webinar by the Lagos Chamber of Com...
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Seaport Terminal Operators List Challenges, Proffer Solutions
June 22, 2021 No Responses

Seaport Terminal Operators List Challenges, Proffer Solutions

Dilapidated access roads, poor traffic management and manual examination of cargo by the Nigeria Customs Service (NCS) remain some of the major challenges facing port operations in the country, Seaport Terminal Operators Association of Nigeria (STOAN), de...
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Court Orders Mobil, NNPC To Pay N82b To Akwa Ibom Communities
June 22, 2021 No Responses

Court Orders Mobil, NNPC To Pay N82b To Akwa Ibom Communities

The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom State a cumulative damages of N81.9 billion ove...
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Ecobank Nigeria Promotes 600 Staff, Recruits New Employees
June 22, 2021 No Responses

Ecobank Nigeria Promotes 600 Staff, Recruits New Employees

Ecobank Nigeria has announced the promotion of 682 staff effective May 1st, 2021 representing 26% of its core staff despite the impact of the COVID-19 pandemic and all the attendant impact on business performance globally.  This accord...
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Nissan Begins Exports Of Magnite SUV To South Africa, Indonesia, Nepal
June 22, 2021 No Responses

Nissan Begins Exports Of Magnite SUV To South Africa, Indonesia, Nepal

Nissan has announced the exports of the Magnite Sports Utility Vehicle (SUV)  to Indonesia, South Africa and Nepal from India.Since its launch in December 2020, the company has produced 15,010 sub-compact SUVs including 13,790 for...
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UK To Join Asia-Pacific Free Trade Pact
June 22, 2021 No Responses

UK To Join Asia-Pacific Free Trade Pact

Britain is to start negotiations to join a free trade area which could grant businesses access to “some of the biggest economies of the present and future”, the government has said. The Comprehensive and Progressive Agreement for Trans-Pacific Part...
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Diri Meets British Envoy, Seeks UK Investment In Bayelsa
June 22, 2021 No Responses

Diri Meets British Envoy, Seeks UK Investment In Bayelsa

Bayelsa State Governor, Senator Douye Diri, has promised that his administration would provide and guarantee the enabling environment for United Kingdom investments in the state. Governor Diri gave the pledge on Monday when he met with the United Kingdom&#8217...
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