City BusinessNews, Author at City Business News

January 10, 2020 No Responses

Customs Generates N1.3trillion In 2019

Between January and December 2019, the Nigeria Customs Service (NCS) generated the sum of N1.3 trillion. A statement issued by Public Relations Officer, Joseph Attah, explained that the amount generated is over the target of N937,286,121,586.00 set for the year...

January 10, 2020 No Responses

Amotekun Not Regional Police, To Collaborate With All Security Agencies

Ekiti State Governor, Dr Kayode Fayemi, has dispelled rumours making the rounds that the newly launched Western Nigeria Security Network code-named Operation Amotekun is a regional police. Fayemi who spoke in Ibadan at the launch of the security apparatus stat...

January 10, 2020 No Responses

BUA Cement Emerges Third Largest Listed Firm On NSE

BUA Cement Plc on Thursday emerged the third largest company on the Nigerian Stock Exchange (NSE) with the listing of 33.86 billion ordinary shares at N35 per share. The development added N1.18 trillion to the NSE market capitalisation. Speaking on...

January 10, 2020 No Responses

Ecobank To Disburse N70b Agric Loan, Holds Special Summit In February

Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank....

January 9, 2020 No Responses

CBN Retains Minimum 65% Loan Deposit Ratio

The Central Bank of Nigeria (CBN)has retained the minimum 65 per cent of Loan Deposit Ratio (LDR) in the interim. The CBN made this known in a circular signed by its Director of Banking Supervision, Mr Ahmad Abdullahi in Abuja...

January 9, 2020 No Responses

NSE Photo News

Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (Left) presents a replica of the Closing Gong to Claire Pierangelo, U.S. Consul General to Nigeria during the U.S. Consulate’s courtesy visit to The Exchange, Lagos on Wednesday, 8...

January 9, 2020 No Responses

Dakuku: Honour For Maritime Stakeholders Will Encourage More Investors

The Nigerian Maritime Administration and Safety Agency (NIMASA) is set to again honour stakeholders at the annual dinner and awards night scheduled to take place in Lagos on Saturday, January 18, 2020. This is as the Director General of the...

January 9, 2020 No Responses

Kano Anti-Graft Agency Recovers N256m, 156 Properties

The Chairman, Kano State Public Complaints and Anti-Corruption Commission, Alhaji Muhyi Magaji, has disclosed that the agency recovered N256.01 million between January and December 2019. Addressing Journalists on Wednesday in Kano, Magaji said the ...

January 9, 2020 No Responses

SON Advises Consumers On Safe Use Of Gas Cylinders

The Standards Organisation of Nigeria (SON) has advised Nigerians to be safety conscious in using gas cylinders, in view of the recent gas explosions in some parts of the country. The Director-General of the organisation, Osita Aboloma, gave the warning...

January 9, 2020 No Responses

Market Capitalisation Recovers N417billion

The Nigerian Stock Exchange (NSE) on Wednesday extended positive sentiment with the market capitalisation appreciating by N471 billion. Specifically, the market capitalisation which opened at N13.316 trillion inched N471 billion or 3.54 per cent to close at N1...

January 9, 2020 No Responses

World Bank: Developing Economies To Record 4.1% Growth In 2020

The World Bank says due to growth in emerging market, developing economies are expected to accelerate to 4.1 per cent in 2020. The bank made this known in a statement in Abuja on Wednesday. It explained that this rebound was...

January 9, 2020 No Responses

Mercedes-Benz, Geely Float $780m Joint Venture

Mercedes-Benz has partnered with Geely, the owner of Volvo to form a joint venture company identified as Smart Automobile Company that will produce electric vehicles from 2022. According to Agency Reports, Both companies will invest $388.77 m...

January 8, 2020 No Responses

Edo Partners Presco On High-Yielding Oil Palm Seedlings

As part of the Edo State Oil Palm Programme (ESOPP), the State Government has concluded plans to collaborate with Presco Plc on the development of high yielding oil palm seeds. The State Government, Godwin Obaseki disclosed this while receiving the...

January 8, 2020 No Responses

Rolls Royce Delivers 5,152 Cars In 2019, Highest In 116 Years

British luxury car manufacturer Rolls Royce sold 5,152 units of cars in 2019, up 25% from the previous year, when it retailed 4,107 units. The automaker in a statement explained that this was the highest sales in its 116-year history....