Business News Archives — Page 26 of 48

June 27, 2020 No Responses

NCAA: Airlines Not Authorised To Begin Test Flights

Nigeria Civil Aviation Authority ( NCAA) on Friday cautioned domestic airlines to desist from violating restart guidelines rolled out by the regulator insisting that they have not been authorized to carry out test flights. Its Director-General, Capt Musa Nuhu, said...

June 27, 2020 No Responses

Ecobank Extends Zero Charge For Digital Money Transfers

Ecobank has extended its zero charge fee for digital money transfers below N5,000 till the end of September this year. In addition to the free USSD session fee currently enjoyed by Ecobank customers, users of Ecobank Mobile, Ecobank Online, USSD...

June 26, 2020 No Responses

NAFDAC Cautions Importers Against Unapproved Clearing Agents

The National Agency for Food and Drug Administration and Control (NAFDAC) has cautioned importers of regulated products against the use of unprofessional third parties clearing agent at the ports. In a statement on Thursday, the Director-General of NAFDAC, Pro...

June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...

June 24, 2020 No Responses

NPA To Receive 20 Ships Laden With Petroleum Products, Frozen Fish, Wheat, Others At Lagos Seaport

The Nigerian Ports Authority (NPA) is expecting 20 ships laden with petroleum products, food items and other goods from June 23 to July 7. NPA in its publication, `Shipping Position’, explained that the ships are expected to arrive Lagos Port...

June 24, 2020 No Responses

Access Bank Unveils Digital Cashflow Lending For SMEs

As part of effort to provide access to finance for SMEs to grow and expand their businesses, Access bank Plc has launched a digital lending portal, “Cashflow Loans by Access”. A statement issued by Access Bank explained that the portal...

June 23, 2020 No Responses

CBN, Maize Farmers Inaugurate 2020 Inputs Distribution In Anambra

The Maize Growers, Processors and Marketers’ Association of Nigeria (MAGPAMAN), Anambra chapter, has commenced distribution of inputs for the 2020 wet season framing. The farm inputs distribution was launched under the Central Bank of Nigeria (CBN) Anchor Bo...

June 23, 2020 No Responses

Reinvigorating NIMASA For Economic Growth

By Citybusinessnews@yahoo.com — The Nigerian Maritime Administration and Safety Agency (NIMASA) has reinvigorated its operations and activities. Under the leadership of Dr Bashir Jamoh as Director General, NIMASA has hinged it renewed growth t...

June 22, 2020 No Responses

Farmers Seek Support For Nasarawa’s N2.5b Fish Dam

The N2.5 billion fish dam being constructed in Kokona Local Government of Nasarawa State is expected to boost food production and shore up Nigeria’s tourism potential, the Nigerian Farmers Co-operatives Society has said. National Coordinator of th...

June 22, 2020 No Responses

Again, FBNHoldings Wins World Finance Best Corporate Governance Award

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award. A statement explained that World Finance is renowned for its comprehensive coverage and analysis of the globa...

June 20, 2020 No Responses

SON Approves 168 New Standards

The Governing Council of the Standards Organisation of Nigeria (SON) has approved 168 new Standards for publication and dissemination to various sectors of the nation’s economy. According to SON, this is in furtherance to the economic diversification policy ...

June 20, 2020 No Responses

PwC Survey: Obtaining Finance, Finding customers, Infrastructure Deficit Top Challenges Of Nigerian MSMEs

Small Businesses in Nigeria have listed the most pressing problems impacting their operations to include obtaining finance, finding customers and infrastructure deficits. These are some of the findings from a survey of Micro, Small and Medium scale enter...

June 20, 2020 No Responses

Amaechi Unveils Two Tug Boats, Lauds NPA Management

The Minster of Transportation, Rotimi Chibuike Amaechi has commissioned two tug boats; MT Musawa and MT Ikoro-Ekiti in line with Government‘s desire of sustaining the ease of doing business at the Nation‘s Sea Ports. Addressing Stakeholders at the unveilin...

June 19, 2020 No Responses

Maersk Targets Over $1.5b Earnings In Q2

Danish shipping major A.P. Møller – Mærsk A/S has revealed that it expects an EBITDA before restructuring and integration costs for Q2 2020 slightly above the level for Q1 2020 ($ 1.5bn). The forecast is being upgraded based as demand...