Business News Archives — Page 13 of 48

May 27, 2021 No Responses

Dangote Cement Shareholders Okay N272.6b For 2020 Dividend

For the year ended December 31, 2020, shareholders of Dangote Cement Plc on Wednesday approved total dividend of N272.6 billion, amounting to N16 per share. Speaking at the 12th Annual General Meeting (AGM) held virtually in Lagos State, the founder,...

May 27, 2021 No Responses

TAJBank Opens Three New Branches In Abuja

TAJBank has opened three new branches in Abuja in furtherance with its sustained drive to deepen financial inclusion and offer stress-free innovative financial services to its growing customers nationwide. Speaking during the opening ceremony of the technology...

May 27, 2021 No Responses

Amazon Buys Hollywood Studio For $8.45b

Amazon has agreed to buy the historic MGM studios for $8.45bn (£5.97bn). MGM is one of Hollywood’s most famous studios, having produced classic films such as Some Like It Hot and Singin’ In The Rain. The sale will give the...

May 26, 2021 No Responses

NNPC, SNEPCo, Total, Others Seal 20 Years Deep Water Agreement

By citybusinessnews@yahoo.com — The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The partners are Shell Niger...

May 20, 2021 No Responses

Wike Lauds NIMASA’s Blue Economy Strategy

Rivers State Governor, Nyesom Wike has commended the Nigerian Maritime Administration and Safety Agency (NIMASA) for designing and pursuing a Blue Economy strategy purposed to replace the current oil economy in about 10 years. Wike stated this in Por...

May 17, 2021 No Responses

NSE Seeks More Investment In Engineering Education

The Nigerian Society of Engineers (NSE) on Sunday urged the Federal Government to increase investment in engineering education, to help tackle poverty and employment. Dr Sunday Popo-Ola, a fellow of NSE and the immediate past Chairman, NSE London, UK Branch,.....

May 15, 2021 No Responses

Nollywood Produces 416 Movies In Q1

The National Bureau of Statistics (NBS) has disclosed that Nollywood produced 416 movies in Quarter One of 2021 (Q1, 2021) compared to 903 in Q4, 2020. NBS said this in the “Nollywood Movies Production Data – Q2 2017 to Q1...

May 13, 2021 No Responses

Company Income Tax increases by N97.05b In Q1

The National Bureau of Statistics (NBS) has disclosed that N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020. This is revealed in t...

May 5, 2021 No Responses

UBA Wins ‘Bank of the Year’ Award

Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year. The bank was announced winner of the coveted awards at a glamorous event...

May 2, 2021 No Responses

Ikpeazu Pledges To Completes Abia Dry Port

Abia State Governor, Okezie Ikpeazu has reiterated his commitment to deploy necessary resources to realise Dry Port project at Ntigha, near Umuahia. Ikpeazu renewed his resolve on Saturday when officials of the East Gate Inland Container Terminal Li...

May 2, 2021 No Responses

Q1: Dangote Cement To Pay N40.39b Tax

By citybusinessnews@yahoo.com — Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter (Q1) of 2021. According to the financial result published by ...

April 30, 2021 No Responses

Omo-Agege Seeks More Maritime Universities

Deputy President of the Senate, Sen.Ovie Omo-Agege (APC-Delta) has called for the establishment of more maritime universities across Nigeria. Yomi Odunuga, His Special Adviser, Media and Publicity in a statement said Omo-Agege made the submission in Abuj...

April 29, 2021 No Responses

NEPZA Seeks Partnership With SMEDAN, NEPC

The Nigeria Export Processing Zones Authority (NEPZA) has expressed readiness to canvass for adoption of “export business accelerator programme’’ to integrate Small and Medium Enterprises (SMEs) into Special Economic Zones (SEZs) scheme. Prof. Ades...

April 23, 2021 No Responses

LNG Adventure Joins Total’s Fleet

French energy major, Total has expanded its fleet with the addition of NYK Line’s liquefied natural gas carrier LNG Adventure. The vessel capable of 174,000 cubic meters of the chilled fuel has been built by the South Korean shipyard Samsung Heavy...