Category: News

Dangote Cement Targets $600m Annual Exports
March 7, 2019 No Responses

Dangote Cement Targets $600m Annual Exports

President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise...
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Nigeria Suspends Issuance Of 10-Year Passport
March 5, 2019 No Responses

Nigeria Suspends Issuance Of 10-Year Passport

Citing need to finalise integration of the National Identity Number (NIN) with the new passport, the Nigeria Immigration Service (NIS) has postponed the issuance of the new 10-year enhanced e-passport till April 29.  Muhammad Babandede, Comptroller-Genera...
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Nigeria Offers New Bonds For March
March 5, 2019 No Responses

Nigeria Offers New Bonds For March

The federal government has offered for subscription two-year and three-year savings bonds at 11.62 per cent and 12.62 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on...
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At Victory Dinner, Buhari Vows To Address Gap Between Rich, Poor Nigerians
March 4, 2019 No Responses

At Victory Dinner, Buhari Vows To Address Gap Between Rich, Poor Nigerians

President Muhammadu Buhari has vowed not to betray the confidence of Nigerians from the last elections, saying his victory is a sign that Nigerians are satisfied with the change that his government embarked upon and shows confidence in his promise...
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Dangote Delivers 23.54MT Of Cement In 2018, Shareholders To Get N16 Per Share
February 28, 2019 No Responses

Dangote Delivers 23.54MT Of Cement In 2018, Shareholders To Get N16 Per Share

For the financial year ended December 31, 2018, Dangote Cement Industries Plc sold a total 23.54 metric tonnes (MT) of cement across Africa. The company explained in its  financial performance released on the floor of Nigerian Stock Exchange (NSE)on Wedne...
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FG, States, Local Govts Share N610.368b
February 28, 2019 No Responses

FG, States, Local Govts Share N610.368b

The Federation Accounts Allocation Committee (FAAC) has shared N610.368 billion federal revenue generated last month to the three tiers of government. The Accountant-General of the Federation (AGF), Ahmed Idris,  said approval is being awaited from the Mi...
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UK, African Leaders Congratulate Buhari
February 28, 2019 No Responses

UK, African Leaders Congratulate Buhari

The United Kingdom has felicitated with President Muhammadu Buhari on his electoral victory in the Saturday’s presidential election. A statement from the UK’s minister of state for Africa, Harriett Baldwin, said the result declared by the Independent Natio...
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Olu Of Warri Canvasses Support For Ocean And Cargo Terminal
February 26, 2019 No Responses

Olu Of Warri Canvasses Support For Ocean And Cargo Terminal

The Olu of Warri, His Majesty Ogiame Ikenwoli, has pledged his support for the Ocean and Cargo Terminal Services Limited as the company formally takes possession of the Warri Port Terminal B. This was expressed when the board and management...
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Catholic Bishop Lauds Violence-Free Polls In Edo
February 25, 2019 No Responses

Catholic Bishop Lauds Violence-Free Polls In Edo

The Catholic Bishop of Uromi Diocese, Most Reverend Donatus Ogun, has commended the Edo State Governor, Mr. Godwin Obaseki for ensuring violence-free conduct of the Presidential and National Assembly elections in the state.  The Bishop gave the commendati...
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2018 Q4: Nigeria Generates N298b From VAT
February 23, 2019 No Responses

2018 Q4: Nigeria Generates N298b From VAT

For the fourth quarter, 2018, Nigeria generated N298.01 billion from Value Added Tax (VAT).  The National Bureau of Statistics ( NBS ) gave the update on its website  in  a Sectoral Distribution of VAT report for the fourth quarter, 2018....
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SAHCO, BAYELSA SEAL MoU ON AIRPORT GROUND HANDLING OPERATIONS
February 22, 2019 No Responses

SAHCO, BAYELSA SEAL MoU ON AIRPORT GROUND HANDLING OPERATIONS

Skyway Aviation Handling Company PLC (SAHCO) has signed a Memorandum of Understanding (MoU) with the Bayelsa State Government to be the official ground handling provider in the Bayelsa International Airport. A statement issued by Vanessa Uansohia, Manager, Cor...
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FIRS Boss At MAN Interactive Forum, Secures Unpaid N23b From Firms
February 22, 2019 No Responses

FIRS Boss At MAN Interactive Forum, Secures Unpaid N23b From Firms

The Federal Inland Revenue Service (FIRS) has generated over N23billion in unpaid taxes from the suspended substitution exercise on corporate bank accounts, marked by the imposition of restriction on the accounts of tax-defaulting organisations. FIRS Chairman,...
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INEC: Deployment Of Sensitive Materials End Thursday
February 21, 2019 No Responses

INEC: Deployment Of Sensitive Materials End Thursday

The Independent National Electoral Commission (INEC) says it will complete the deployment of sensitive election materials to the Nation’s 774 local government areas for the Saturday elections by Thursday. INEC Chairman, Prof. Mahmood Yakubu, while addressing...
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Dunlop Revisits Manufacturing In Nigeria, Seeks Technical Partners
February 20, 2019 No Responses

Dunlop Revisits Manufacturing In Nigeria, Seeks Technical Partners

Citybusinessnews@yahoo.com – DN Tyre and Rubber Plc (formerly known as Dunlop Nigeria Plc) has intensified ongoing discussions with Edo State government as part of measures to revive local manufacturing.  According to the company, the development is...
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