Business News Archives — Page 11 of 48

July 6, 2021 No Responses

TotalEnergies Explains $60b Investments In Nigeria

Deputy Managing Director, Deep water District. TotalEnergies, Mr Victor Bamidele, on Monday said the company has invested over$60 billion in exploration and other projects in Nigeria. Speaking at the Ongoing Nigeria Oil and Gas (NOG) Conference in Abuja, Bamidele who...

July 4, 2021 No Responses

SEC Nigeria Issues Interoperability Framework Among CSDs

As part of measures to enhance the efficiency of trading and settlement functions as well as align the market with international best practices,the Securities and Exchange Commission (SEC) has issued an Interoperability/Financial Markets Infrastructure Link Fr...

July 4, 2021 No Responses

Firm Rolls Out N3b Green Bond

A technology firm, OneWattSolar (OWS), has announced the successful issuance of the first series of its N10 billion Green Bond Issuance Programme. The programme comprised a N2 billion seven-year Green Bond Issue (Tranche I) and a N1 billion seven-year Gr...

July 4, 2021 No Responses

FirstBank Pledges N5m Support To Lagos Rotary Club

First Bank of Nigeria Ltd has pledged to support Rotary Club of Lagos intervention projects with the sum of five million naira. The Chief Executive Officer of the bank, Dr Adesola Adeduntan, made the pledge at the induction of the...

June 30, 2021 No Responses

Shippers’ Council Seals APMDC Over Arbitrary Charges

The Nigerian Shippers’ Council (NSC) has shut down the operations of the Associated Port & Marine Development Company (APMDC) over alleged arbitrary charges. A statement issued on Tuesday by NSC Head, Public Relation...

June 29, 2021 No Responses

Lafarge Reiterates Enhanced Investments In Nigeria

Lafarge Africa Plc has reiterated commitment to collaborate with the Federal Government agencies to improve investments to accelerate its world’s green transformation agenda. The company’s Board Chairman, Mr Adebode Adefioye, in a statement on Monda...

June 27, 2021 No Responses

Nigeria Seeks New Pharmaceutical Firms

The Minister of Science and Technology, Dr Ogbonaya Onu, has called for the establishment of new pharmaceutical firms in Nigeria. A press statement issued on Saturday, by Josephine Ademu, Press and Public Relations Officer in the ministry, stated that On...

June 27, 2021 No Responses

Obaseki: Ologbo Modular Refinery Ready For Production

Edo State Governor, Godwin Obaseki says the modular refinery in Ologbo, Ikpoba – Okha Local Government Area (LGA) of the state was ready for production. Obaseki stated this shortly after he was conducted round the facility by the Managi...

June 25, 2021 No Responses

Buhari Appoints Jime Shippers’ Council Boss

By citybusinessnews@yahoo.com — President Muhammadu Buhari has approved the appointment of Emmanuel-Lyambee Jime as the Executive Secretary of the Nigerian Shippers Council (NSC). Senior Special Assistant to the President on Media and Publicit...

June 24, 2021 No Responses

NCDMB, NEXIM Seal $30m Capital, Capacity Building Fund Agreement

The Nigeria Content Development and Monitoring Bank (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed agreement on 30 $30million Capital and Capacity building Fund for the oil and gas sector servicing. Mr Simbi wabote, the Executive Secretar...

June 23, 2021 No Responses

SAHCO Shareholders Okay N223.34m For 2020 Dividend

For the 2020 financial year, shareholders of Skyway Aviation Handling Company (SAHCO) Plc, on Tuesday in Lagos unanimously approved N223.34 million dividend, amounting to 16.5 kobo per share. Chairman of the company, Dr Taiwo Afolabi...

June 23, 2021 No Responses

27 Years After, Okitipupa Oil Palm Shareholders Get 25kobo Dividend

The Okitipupa Oil Palm Plc has resolved to pay its shareholders 25k dividends for the year ended December 31, 2020, 27 years after it last paid. Chairman of the Board of Directors, Chief Mobolaji Osomo, made the disclosure at the 31st...

June 23, 2021 No Responses

BoI Disburses N969.6b In Five Years

The Bank of Industry (BoI) has disbursed loans worth N969.7 billion to borrowers in five years to support various businesses. BoI Deputy Head, Business Development, Mrs Aderonke Akinluyi, disclosed this at a webinar by the Lagos Chamber of Com...

June 22, 2021 No Responses

Seaport Terminal Operators List Challenges, Proffer Solutions

Dilapidated access roads, poor traffic management and manual examination of cargo by the Nigeria Customs Service (NCS) remain some of the major challenges facing port operations in the country, Seaport Terminal Operators Association of Nigeria (STOAN), de...