City BusinessNews, Author at City Business News

April 23, 2021 No Responses

NCC Arrests Five Suspects Over Fraudulently-registered SIM Cards

As part of its routine enforcement activities to sanitise the industry of criminal elements, the Nigerian Communications Commission (NCC) has arrested no fewer than five suspected individuals for allegedly engaging in fraudulently registering and selling Subscriber Identity Module (SIM) cards. ...

April 23, 2021 No Responses

NIMASA, Shippers’ Council Unfold Agenda To Curb Corruption At Seaports

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Shippers’ Council (NSC) have agreed to implement joint measures to minimise delay and corrupt practices at the country’s ports. This emerged in Lagos during a working visit to...

April 23, 2021 No Responses

NPA Photo News

L-R: The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman presents the authority’s plaque to the Executive Secretary of the Nigerian Police Trust Fund (NPTF), His Excellency, Hon. Ahmed Aliyu during the working visit to the NPA...

April 23, 2021 No Responses

Tokyo Motor Show Cancelled, First Time In 67 Years

The Tokyo Motor Show has been cancelled for the first time in its 67-year history due to rising coronavirus virus cases. The cancellation of the event comes even as the organisers of the Summer Olympics push ahead with their plans. It...

April 22, 2021 No Responses

Oil Prices Drop As Covid-19 Surge Dents Demand Outlook

Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world’s third-biggest oil importer.Brent crude futures for June declined 95 cents, or 1.4%, to $65.62...

April 22, 2021 No Responses

NPA Appoints 4 GMs, 8 AGMs

The Nigerian Ports Authority (NPA) has announced the appointment of four new General Managers (GM) and eight Assistant General Managers(AGM). A statement issued by Assistant General Manager, Corporate & Strategic Communications, I. S. Nasiru exp...

April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent. The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarg...

April 22, 2021 No Responses

Customs Generates N38.8b At Onne In Q1

The Nigeria Customs Service (NIS), Area II Command, Onne Port, Rivers, generated over N38.8 billion in revenue in the first quarter of 2021. The command’s Comptroller, Auwal Mohammed, disclosed the figures in a statement issued by the command’s spoke...

April 22, 2021 No Responses

Senate Approves Buhari’s $1.5b, €995m External Loan Requests

The Senate on Wednesday approved $1.5billion and €995million external loan requests From President Mohammadu Buhari. The approval was sequel to the consideration of the report of the Senate Committee on Local and Foreign Debts presented by its Chairman...

April 22, 2021 No Responses

Nigerian Maritime Security Trust Fund Bill Passes Second Reading

A bill for an Act to establish Nigerian Maritime Security Trust Fund and other matters related passed second reading on the floor of the House of Representatives on Wednesday in Abuja. Rep Yusuf Gagdi (APC-Plateau), the sponsor of the bill,...

April 22, 2021 No Responses

First Bank CEO Urges Govt, Businesses To Leverage Technology, Innovation

Dr Adesola Adeduntan, Chief Executive Officer (CEO), First Bank Group, has urged government, relevant financial authorities and businesses to leverage technology and innovation for better financial inclusion and an improved Nigerian economy. Adeduntan gave the...

April 22, 2021 No Responses

Sierra Leone’s Road Safety Authority Seeks FRSC’s Support

The Sierra Leone Road Safety Authority (SLRSA) has called on its Nigerian counterpart to assist it in strengthening and building its road management authority. The Executive Director of SLRSA, Mr Ibrahim Sannoh, who made the call when he led a...

April 22, 2021 No Responses

Heritage Bank promotes creative industry with support for “Rita Dominic Acting Challenge”

Heritage Bank Plc has further reiterated its commitment to the growth and development of the creative and entertainment sector by supporting the “Rita Dominic Acting Challenge.” Heritage Bank in collaboration with a foremost Nigerian Actress and Co-F...

April 21, 2021 No Responses

Nigeria Targets 60,000 Tractors, Explains Agric Mechanisation Agenda

The Federal Government is targeting about 60, 000 tractors to drive its Agriculture Mechanisation Programme, Nigerian Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, said on Tuesday. Nanono disclosed this when participants of...