Category: Economy

Fitch Affirms Fidelity Bank Ratings with Stable Outlook
June 15, 2023 No Responses

Fitch Affirms Fidelity Bank Ratings with Stable Outlook

Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report.  The global rating agency also upgraded the bank’s National Short-Term Rating to ‘F1+(nga)’ from ‘F1(nga)’. It said the upgrade reflects...
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Excitement As Thousands Throng Ecobank Adire Lagos Experience
June 13, 2023 No Responses

Excitement As Thousands Throng Ecobank Adire Lagos Experience

It was a beehive of activities and funfair at Ecobank Adire Lagos Experience which took place over the weekend at the sprawling Ecobank Pan African Center (EPAC), Lagos. The 3-days Adire exhibition which is the second edition according to the bank...
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At NDSF 2023, Stakeholders Restate Importance Of 5G Services
June 12, 2023 No Responses

At NDSF 2023, Stakeholders Restate Importance Of 5G Services

Stakeholders in the Information and Communication Technology (ICT) industry have restated the value of the Fifth Generation (5G) services, especially on the positive use of the internet to ease connectivity.They also noted that 5G technology has enhanced capab...
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Telecom Sector Contributes N2.508Tri To Nigeria’s GDP
June 9, 2023 No Responses

Telecom Sector Contributes N2.508Tri To Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent.  F...
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Fidelity Bank Holds  International Trade expo in Houston October 
June 7, 2023 No Responses

Fidelity Bank Holds  International Trade expo in Houston October 

Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston,...
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Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share
June 5, 2023 No Responses

Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share

The shareholders of Ardova Plc, at a Court Ordered Meeting held in Lagos, on Wednesday, 31 May, 2023, approved the Scheme of Arrangement for the holders of its fully paid ordinary shares of 50 kobo each, subject to the approval...
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Elumelu: Africa Needs To Rethink Its Relationship With Business
June 5, 2023 No Responses

Elumelu: Africa Needs To Rethink Its Relationship With Business

Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private sector can transform Africa’s economy and s...
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NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards
June 5, 2023 No Responses

NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards

NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as ...
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DNV: Biofuel Key To Maritime Decarbonisation
June 5, 2023 No Responses

DNV: Biofuel Key To Maritime Decarbonisation

The flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. In its latest white paper “Biofuels in shipping,” classification society, DNV reported that the current...
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Onyema Projects More Investment Flows In Nigeria
June 2, 2023 No Responses

Onyema Projects More Investment Flows In Nigeria

On the back of the new administration’s readiness to remove the fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home, the Group Chief Executive Officer, Nigerian...
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Shipowners Implore UN Member State On Ambitious Course For 2050
May 26, 2023 No Responses

Shipowners Implore UN Member State On Ambitious Course For 2050

The International Chamber of Shipping (ICS),  which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...
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2023 Hajj: Air Peace Begins Airlift Of Nigerian Pilgrims
May 26, 2023 No Responses

2023 Hajj: Air Peace Begins Airlift Of Nigerian Pilgrims

Air Peace has commenced the airlift of Nigerian pilgrims for the 2023 Hajj, a statement issued by the airline has revealed. The statement made available to City Business News on Friday explained that the airline will be airlifting the pilgrims...
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Okomu Oil Shareholders Okay N21 Final Dividend For 2022
May 25, 2023 No Responses

Okomu Oil Shareholders Okay N21 Final Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com  Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022.  This in addition to the N9 paid as interim dividend amounts to a total of...
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KABIR MOHAMMED TAKES OVER AS FAAN MD
May 23, 2023 No Responses

KABIR MOHAMMED TAKES OVER AS FAAN MD

Kabir Yusuf Mohammed has resumed as the Managing Director/Chief Executive of the Federal Airports Authority of Nigeria. A statement sent to City Business News on Tuesday explained that this follows his appointment by the Federal Government after the expiration...
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