Author: City BusinessNews

First Bank Appoints Ado Wanka Non-Executive Director
December 14, 2019 No Responses

First Bank Appoints Ado Wanka Non-Executive Director

First Bank of Nigeria Limited has announced the appointment of Alhaji Ado Yakubu Wanka as Non-Executive Director.  Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome Alhaji Ado...
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NLNG, JVs Seal Train 7 Gas Supply Agreements
December 14, 2019 No Responses

NLNG, JVs Seal Train 7 Gas Supply Agreements

A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken on Friday in Abuja with the signing of a Gas Supply Agreement with major gas producers. Speaking on the significance...
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NSE All-Share Index Drops By 0.13%
December 14, 2019 No Responses

NSE All-Share Index Drops By 0.13%

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday bowed to profit taking after two-day upward trend. The News Agency of Nigeria (NAN) reports that the index lost 33.59 per cent to close at 26,536.21 compared with 26,569.80...
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FRSC Honours Outstanding Staff, Insists On Zero Tolerance For Corruption
December 14, 2019 No Responses

FRSC Honours Outstanding Staff, Insists On Zero Tolerance For Corruption

The Zonal Commanding Officer in charge of Sokoto. Kebbi and Zamfara states, Assistant Corps Marshal Kayode Olagunju, mni has charged commanding officers in the Zone to have zero tolerance for corruption and ensure proper monitoring of their staff. The Zonal...
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NPA Photo News
December 14, 2019 No Responses

NPA Photo News

The representative of NPA  Managing Director, Dr. Chinwe Abama flaked by the head of the World Bank trade group Alicia Stephens (LEFT) and her colleague Maria Liungmanto (RIGHT) during a  working visit to the Management of NPA in Lagos
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NGC Declares 117 % Increase In Profit
December 13, 2019 No Responses

NGC Declares 117 % Increase In Profit

By Moses Ebosele, ebosele@hotmail.com For the year ended December 31, 2018, the Nigerian Gas Company (NGC), the gas transportation subsidiary of the Nigerian National Petroleum Corporation (NNPC), recorded profit after tax of N13.29billion, representing an inc...
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CBN: Refund To Bank Customers Stand At N76.7b,$20.9m
December 13, 2019 No Responses

CBN: Refund To Bank Customers Stand At N76.7b,$20.9m

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this...
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Presco Tops Gainers’ Table As Market Capitalisation Recovers N65billion
December 13, 2019 No Responses

Presco Tops Gainers’ Table As Market Capitalisation Recovers N65billion

By Moses Ebosele, eboele@hotmail.com Transactions on the floor of Nigerian Stock Exchange (NSE) sustained positive trend on Thursday for the second consecutive day.  At the end of trading for the day, the market capitalisation increased further by N65 bil...
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Saudi Arabia To Host First-Ever Women’s Tournament
December 13, 2019 No Responses

Saudi Arabia To Host First-Ever Women’s Tournament

Saudi Arabia will host its first-ever golf tournament for women from March 19 to March 22 at the Royal Greens Golf & Country Club in Jeddah. The Ladies European Tour (LET) event will be staged in collaboration with Golf Saudi...
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Lagos Empowers 1,750 Agric Value Chain Farmers
December 13, 2019 No Responses

Lagos Empowers 1,750 Agric Value Chain Farmers

Governor . Babajide Sanwo-Olu, of Lagos State on Thursday provided 1,750 farmers in various agricultural value chains with agricultural productive assets and inputs to boost food production in the state. Sanwo-Olu made the presentation at the flag-off ceremony...
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Seaport: Nigeria Loses N600b Monthly To Gridlock
December 13, 2019 No Responses

Seaport: Nigeria Loses N600b Monthly To Gridlock

The Federal Government says it has concluded plan to engage relevant stakeholders to address the persistent gridlock at the nation’s ports. Rep. Victor Akinjo, Chairman, House of Representatives Committee on Privatisation and Commercialisation, made this kno...
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Arik Air Resumes Services To Asaba
December 13, 2019 No Responses

Arik Air Resumes Services To Asaba

Arik Air on Thursday announced the resumption of flight services to Asaba Airport in Delta. Arik Air Chief Executive Officer, Capt. Roy Ilegbodu, said in a statement in Lagos that starting from Dec. 18, the airline would be operating daily...
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Skoda Delivers 109,000 Units In November
December 13, 2019 No Responses

Skoda Delivers 109,000 Units In November

Czech automaker Skoda’s global delivery in November went down marginally to 109,000 units, a drop of 1 per cent from November 2018, when it recorded 110,100 units. The automaker registered 1,300 deliveries in the Indian market, down 8.1 per cent...
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NLNG Signs Sales Deal With Vitol SA
December 12, 2019 No Responses

NLNG Signs Sales Deal With Vitol SA

The Nigerian Liquefied Natural Gas (NLNG) has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA.  In a statement issued by General Manager, External Relations, Eyono Fatayi-Williams, NLNG explained that the deal is for some remarketed volumes fr...
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