Business News Archives — Page 3 of 48

January 17, 2022 No Responses

LADOL Retains ISO 45001:2018, 14001:2015 Certifications

LADOL Free Zone has renewed and retained its International Organization for Standardization, ISO 45001:2018+14001:2015 certifications. A statement explained that the certifications are part of the company’s efforts to continuously improve its management System of Occupational Health and Safety, OH&S and...

January 7, 2022 No Responses

OPEC Oil Output Undershoots Target

Increase in the Organization of Petroleum Exporting Countries (OPEC) oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as gl...

December 30, 2021 No Responses

Ecobank Nigeria: A Journey To The Top

The journey to position Ecobank as one of the top three banks in the country is fast gaining traction and recognition. The Nigerian franchise of the Pan-African financial institution, Ecobank Transnational Incorporated (ETI) is making good its miss...

December 28, 2021 No Responses

Access Bank CEO Discusses Expansion Plans

In an interview on CNN’s First Move with Julia Chatterley, Access Bank CEO Herbert Wigwe discussed the company’s expansion plans in Africa and beyond, balancing needs with digitization, and Access Bank’s efforts to provide financial s...

December 19, 2021 No Responses

First Bank Unveils 2021 DecemberIssaVybe Campaign

In the spirit of providing enabling opportunities for families of its customers and other stakeholders to come together to celebrate, live better and achieve their dreams, FirstBank through its yearly DecemberIssaVybe campaign has unveiled the 2021 calend...

December 17, 2021 No Responses

Access Bank Shareholders Approve Holdco Structure

Shareholders of Access Bank Plc have unanimously approved the bank’s proposed reorganisation into a Holding Company (Holdco) to be known as Access Holding Plc. The shareholders gave the approval at the bank’s Court- Ordered Meeting on Thursday in Lag...

December 14, 2021 No Responses

CBN Earmarks N41b Through Heritage Bank For Dry Season Wheat Projects’ Farming

As part of measures to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria (CBN) has set aside N41billion. The fund is being disbursed by Heritage Bank Plc to farmers across multiple States for the...

December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR). In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...

December 5, 2021 No Responses

NPA Projects Full Digitisation By 2025

Deliberate measures and investments are being undertaken to create a fully digital ecosystem in all the Nigeria’s port locations by 2025, Acting Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko has said. Acc...

December 4, 2021 No Responses

SIFAX Group Appoints Musah, Osho MD, ED

SIFAX Group has appointed Mobolaji Musah as the new Managing Director, SIFAX Oil & Gas Limited while Olujimi Osho has been elevated as the Executive Director, Legal Services/Company Secretary. Musah, who has over 26 years’ experience in Nigeria’s oil &...

December 1, 2021 No Responses

NGX Drops Further By N12b

The Nigerian stock market ended trading for the month of November on Tuesday still on a bearish note with a loss of N12 billion. Specificaly, the market capitalisation inched lower by N12 billion or 0.05 percent to close at N22.566...

November 30, 2021 No Responses

NGX Records N20b Loss

Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in 20 stocks. Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to close at N22.57...

November 30, 2021 No Responses

First Bank Holds Non-Oil Export Webinar Series

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of its non-oil export webinar series. A statement sent to City Business News explained that the event is centere...

November 23, 2021 No Responses

APPEALS 7th ISM Pre-Mission Kicks Off In States

The National Coordination Office of the APPEALS Project has commenced a Pre-Mission exercise in the Participating States ahead of the World Bank 7th Implementation Support Mission scheduled to begin in December 2021. The Pre-Mission which commenced simulta...