Category: News

Cornerstone Insurance Appoints Onyejekwe Non-Executive Director
May 8, 2023 No Responses

Cornerstone Insurance Appoints Onyejekwe Non-Executive Director

The Board of Directors, Cornerstone Insurance Plc has appointed Mrs. Christabel Onyejekwe as a Non-Executive Director. In a notice to the Nigerian Exchange Limited, the company explained that the appointment was subject to approval by the National Insurance Commission (NAICOM) and ratification by members...
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Sudan Crisis : Dangote Supports Returnees With N100,000 Each   
May 6, 2023 No Responses

Sudan Crisis : Dangote Supports Returnees With N100,000 Each   

The Aliko Dangote Foundation (ADF) has commenced the disbursement of hundred thousand naira (N100,000) and Dignity Packs to each of the Nigerian returnees from Sudan.     The money and the Dignity Packs were given out to the evacuees upon arriva...
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UAC Foods Gets New MD/CEO 
May 6, 2023 No Responses

UAC Foods Gets New MD/CEO 

UAC Foods Limited, a subsidiary of United Africa Company of Nigeria (UACN) PLC, operating in the food and beverage sector of the Nigerian economy,  has appointed Oluyemi Oloyede as its new managing director and chief executive officer, effective from Marc...
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NPA Boss Condoles With Margaret Orakwusi’s Family
May 5, 2023 No Responses

NPA Boss Condoles With Margaret Orakwusi’s Family

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko has paid a condolence visit to the family of late Mrs. Margaret Orakwusi. During the visit, the Managing Director noted that “while it will be difficult to fil...
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Airtel Nigeria Gets New MD/CEO
May 4, 2023 No Responses

Airtel Nigeria Gets New MD/CEO

Airtel Africa has announced the appointment of Carl Cruz as Managing Director and Chief Executive Officer of Airtel Nigeria. The appointment which takes effect from 5th May 2023, will also see Mr. Cruz join the Executive Committee as the Regional...
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WFE Create New Certification For Market Infrastructure
May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...
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Shippers’ Council Mourns Margaret Orakwusi
May 4, 2023 No Responses

Shippers’ Council Mourns Margaret Orakwusi

The Board and Management of the Nigerian Shippers’ Council (NSC) have paid a condolence visit to the family of late Barr. Mrs. Margaret Orakwusi.  In a condolence letter presented by Mallam Samaila Abdullahi, the Chairman of the Council’s Gove...
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Maersk Reports $5.7b Drop In Q1 Profit
May 4, 2023 No Responses

Maersk Reports $5.7b Drop In Q1 Profit

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a...
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Ghana Understudies Nigerian Cabotage Regime
May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...
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SUDAN CRISIS: AIR PEACE EVACUATES 277 NIGERIANS FROM EGYPT
May 4, 2023 No Responses

SUDAN CRISIS: AIR PEACE EVACUATES 277 NIGERIANS FROM EGYPT

Air Peace has evacuated 277 Nigerians from Egypt amidst the ongoing crisis in Sudan.A. Statement sent to City Business News on Thursday explained that the airline deployed one of its wide-body Boeing 777 aircraft with Registration Number 5N-BVE, to operate...
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Obaseki Charges Members-Elect On Quality Representation
May 4, 2023 No Responses

Obaseki Charges Members-Elect On Quality Representation

The Edo State Governor, Mr. Godwin Obaseki has charged members-elect of the Edo State House of Assembly (EDHA) not to betray the trust reposed in them by their constituents but to deliver quality and robust representation to the people. Obaseki gave...
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Deloitte Remains World’s Most Valuable Commercial Services Brand
May 4, 2023 No Responses

Deloitte Remains World’s Most Valuable Commercial Services Brand

Deloitte has once again emerged as the world’s most valuable Commercial Services brand after its brand value increased by 16% to USD$34.5 billion, according to a new report from leading brand valuation consultancy, Brand Finance. Every year, leading brand va...
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IPI Nigeria Sets Agenda For Tinubu On Journalists’ Safety, Media Freedom
May 4, 2023 No Responses

IPI Nigeria Sets Agenda For Tinubu On Journalists’ Safety, Media Freedom

On the occasion of May 3  commemoration of the 2023 World Press Freedom Day, the Nigerian National Committee of the Vienna-based International Press Institute (IPI) is asking the new government that will be inaugurated in Nigeria on May 29 to commit....
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BPE Begins PHCN Ex-Staff Verification
May 3, 2023 No Responses

BPE Begins PHCN Ex-Staff Verification

The Bureau of Public Enterprises, (BPE) is set to commence verification exercise for the payment of the agreed 16-month Severance benefits to the bonafide ex-staff of the defunct Power Holding Company of Nigeria (PHCN) including certified Next-of-Kin (NOK) of...
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