Business – Page 319 – City Business News

November 29, 2022 No Responses

Osun Assembly Dismisses Adeleke’s Reversal Of Name, Anthem, Flag

The Osun House of Assembly has dismissed the order of Gov. Ademola Adeleke of Osun reversing the state’s name to the constitutionally recognised one. The legislative insisted that the state anthem, crest and flag are an enactments of law and...

November 29, 2022 No Responses

SON At 50: Stakeholders Seek Review Of Act

Stakeholders, on Monday, called for review of the Act establishing Standards Organisation of Nigeria (SON) in line with modern realities. The stakeholders, made the call while delivering their goodwill messages at the 50th anniversary of SON in Abuj...

November 28, 2022 No Responses

Dangote Targets 300,000 Fresh Jobs For Nigerians

Africa’s foremost industrialist, Aliko Dangote, is optimistic that the new multibillion Naira investment in the sugar sub-sector would help provide no fewer than 300,000 jobs in Nigeria. A statement from the Corporate Communication Department of the co...

November 28, 2022 No Responses

Presco Wins 2022 Agriculture Sectoral Leader Award

By Moses Ebosele, ebosele@hotmail.com — Presco Plc has emerged winner of sectoral leadership award in Agriculture at the 2022 PEARL Awards held on Sunday in Lagos. The category had Livestock Feeds Plc and Okomu Oil Palm Plc, but, Presco Plc wa...

November 28, 2022 No Responses

Maxus Autos Debuts At Mikano Motors, Displays Strength

Maxus Autos has arrived in Nigeria courtesy one of Nigeria’s fastest growing automotive companies, Mikano International’s Motors division. Under the arrangement, Maxus Auto joins the ZNA (Rich6) and Geely brands, in an exclusive partnership...

November 28, 2022 No Responses

Photo News

L-R: Car Continent; Akpovire Okugbere, Head of Marketing, Mikano Motors, Karima Okunola and Supercars of Nigeria; Ladi Okunola At The Unveiling Of Maxus Autos Courtesy Mikano International’s Motors Division, Lagos, At The Weekend

November 27, 2022 No Responses

Kano Seals Chinese Metal Recycling Firm

Kano State Committee on Sanitation shut a Chinese metal recycling plant in Kano on Saturday for operating during the monthly environmental sanitation exercise. It also slammed a N5 million fine on the company for the transgression. The committee’...

November 27, 2022 No Responses

Air Peace Boosts Operations With Two New Airbus

Nigeria’s leading airline, Air Peace, has received two new Airbus 320 aircraft to support its operations. A statement sent to City Business News by the airline on Saturday explained that with the new aircraft, the airline has increased ...

November 26, 2022 No Responses

Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends. Emefiele said this at the 57t...

November 25, 2022 No Responses

Oil Muted As Price Cap Proposal Eases Supply Concerns

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much...

November 25, 2022 No Responses

CAC: AGMs By Proxies To Cease From Jan 1, 2023

Guidelines on use of proxies by public companies for Annual General Meetings (AGMs) will cease to apply from January 1, 2023, the Corporate Affairs Commission (CAC) has said. The CAC Registrars-General (RG), A.G Abubakar, said this at one-day Independent...

November 25, 2022 No Responses

Dana Air Resumes Abuja To Owerri, Enugu Flights Dec 9

Dana Air has announced the resumption of its Abuja to Owerri, Enugu service from December 9, 2022. A statement sent to City Business News by spokesman of Dana Air read: ”We are gradually opening our prime routes to offer superior options...

November 24, 2022 No Responses

Edo Receives N2.1b As Oil Derivation Fund

The Edo State Government received only N2.1 billion from the N28b that accrued to the state as 13 percent oil derivation fund for oil-producing states. Edo State Commissioner for Budget and Finance, Mr. Joseph Eboigbe, disclosed this while briefing journalis...

November 24, 2022 No Responses

Samsung Secures $1.08b Deal For Five LNG Carriers

South Korean shipbuilder Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers. Already, the South Korean shipbuilder signed a shipbuilding contract with an undisclosed shipowner in Oceania.&...