Business – Page 278 – City Business News

May 6, 2023 No Responses

Shippers’ Council Facilitates Release Of 50 Impounded Export Cargoes

The Nigerian Shippers’ Council (NSC) said it facilitated the release of over 50 impounded containers of export cargoes belonging to members of the Niger Shippers’ Association. According to the Council’s latest edition of its in-house bulletin called Complaints Newsletter, 50 containers were...

May 6, 2023 No Responses

Unilever Shareholders Approve N1.44b Dividend For 2022

For the financial year ending December 31, 2022, Shareholders of Unilever Nigeria Plc have approved the payment of N1.44 billion as a dividend. Within the period, the company posted a turnover of N88.5 billion for the financial year, representing a...

May 6, 2023 No Responses

Court Orders UBA To Take Over Ogiemwonyi’s Properties

A Federal High Court in Lagos has granted an order directing United Bank for Africa (UBA) Plc, to take over two properties located in Benin City, Edo State, belonging to Godwin Ogiemwonyi (trading under the names of Ogiemwonyi Godwin Nigeria...

May 6, 2023 No Responses

UAC Foods Gets New MD/CEO

UAC Foods Limited, a subsidiary of United Africa Company of Nigeria (UACN) PLC, operating in the food and beverage sector of the Nigerian economy, has appointed Oluyemi Oloyede as its new managing director and chief executive officer, effective from Marc...

May 6, 2023 No Responses

Photo News

Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko presenting the authority’s plague to the Chief Executive Officer, Lekki Freeport Terminal, Yann Magarian during his working visit to the management of NPA at the corporate headquarters in...

May 5, 2023 No Responses

Shell Declares $10b Profit In Q1

Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-e...

May 5, 2023 No Responses

NPA Boss Condoles With Margaret Orakwusi’s Family

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko has paid a condolence visit to the family of late Mrs. Margaret Orakwusi. During the visit, the Managing Director noted that “while it will be difficult to fil...

May 5, 2023 No Responses

Ondo Submits FBC For $1b Deep Seaport To NPA

As part of its commitment to creating an enabling atmosphere for the construction of more deep seaports after Lekki Deep Seaport (which is already operational), and Badagry Deep Seaport, the Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Kok...

May 5, 2023 No Responses

Hyundai Reports 336,212 Global Sales In April

Hyundai Motor Company has announced April 2023 global sales of 336,212 units, a 8.5 percent increase year-over-year. City Business News reports that despite the continued uncertainties in the business environment, the company maintained its robust sales moment...

May 4, 2023 No Responses

SUDAN CRISIS: AIR PEACE EVACUATES 277 NIGERIANS FROM EGYPT

Air Peace has evacuated 277 Nigerians from Egypt amidst the ongoing crisis in Sudan.A. Statement sent to City Business News on Thursday explained that the airline deployed one of its wide-body Boeing 777 aircraft with Registration Number 5N-BVE, to operate...

May 4, 2023 No Responses

Qatar Airways Cargo Partners RwandAir, Unveils Kigali Africa Hub

At 13:00 Central Africa Time on Wednesday, Qatar Airways Cargo’s Boeing 777 landed at Kigali International Airport. In the company of local dignitaries, freight forwarders, partners, and customers, Qatar Airways Cargo’s Chief Officer, Guillaume Halle...

May 4, 2023 No Responses

Obaseki Charges Members-Elect On Quality Representation

The Edo State Governor, Mr. Godwin Obaseki has charged members-elect of the Edo State House of Assembly (EDHA) not to betray the trust reposed in them by their constituents but to deliver quality and robust representation to the people. Obaseki gave...

May 4, 2023 No Responses

NGX Group Declares 14.2% Decline In Q1 Gross Earnings

For the first quarter (Q1) ending March 31, 2023, Nigerian Exchange Group Plc (NGX Group) has declared its unaudited results, recording a 14.2% year-on-year (YoY) decline in gross earnings to N1.6 billion from N1.8 billion posted in Q1 2022. In...

May 4, 2023 No Responses

Deloitte Remains World’s Most Valuable Commercial Services Brand

Deloitte has once again emerged as the world’s most valuable Commercial Services brand after its brand value increased by 16% to USD$34.5 billion, according to a new report from leading brand valuation consultancy, Brand Finance. Every year, leading brand va...