Business – Page 323 – City Business News

November 10, 2022 No Responses

NPC Budgets N532.7b For 2023 Census

The National Population Commission (NPC) has budgeted N532.7billion for the conduct of the 2023 National Housing and Population Census in April 2023.Alhaji Nasir Kwarra, the Chairman, NPC, said this at the 2023 budget defence before the Senate Committee on National...

November 10, 2022 No Responses

Access Bank Budgets $1b To Boost SMEs In Africa

Access Bank Plc is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the sidelines...

November 10, 2022 No Responses

Investors Gain N9b On NGX

The Nigerian Exchange (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks. The primary drivers of the market were Dangote Cement, Guaranty Trust Holding Company (GTCO), Zenith Bank and Unit...

November 9, 2022 No Responses

NDIC Invites Depositors Of Liquidated Banks For Verification, Claims Settlement

The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has asked depositors, creditors and shareholders of 20 liquidated banks to avail themselves of its verification platforms to claim their funds. Hassan, who made the cal...

November 9, 2022 No Responses

Agusto Upgrades EDC Nigeria Money Market Fund Rating

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment...

November 9, 2022 No Responses

WMU Lauds NIMASA On Gender Inclusiveness, Capacity Development

The Nigerian Maritime Administration and Safety Agency (NIMASA) has been commended for its policies of gender equality which have manifested in both the number of women employed by the Agency as well as those sponsored for capacity development in country...

November 9, 2022 No Responses

Daewoo Secures $252m Contract For One LNG Carrier

South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) has secures contract to build one liquefied natural gas (LNG) carrier. The contract, worth $252 million, was signed with an undisclosed shipowner from Oceania on 7 October, DSME said...

November 9, 2022 No Responses

QatarEnergy, MISC, Seal Five New LNG Carrier Deals

Qatar’s state-owned oil and gas company, QatarEnergy has awarded long-term charter contracts to Malaysian energy logistics group MISC Berhad and its consortium partners for additional five newbuild Liquefied Natural Gas (LNG) carriers MISC’s con...

November 8, 2022 No Responses

Nigeria, 99 Others Back Agreement Against Illegal, Unregulated Fishing

Global action to fight illegal, unreported and unregulated (IUU) fishing has intensified as Nigeria and 99 other countries have now committed to the UN Food and Agriculture Organisation’s Agreement on Port State Measures (PSMA). The PSMA is the first b...

November 8, 2022 No Responses

DMO Issues 2 FGN Savings Bonds

The Debt Management Office (DMO) has announced the issuance of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. According to a statement by the DMO via its website on Monday, the first offer is...

November 8, 2022 No Responses

APM Terminals Justifies Côte d’Ivoire’s All-Electric Terminal

The new Côte d’Ivoire Terminal in Abidjan, a joint venture between APM Terminals and Bolloré Ports, officially commenced operational and commercial activities on November 2, 2022. The first vessel to be officially operated on at the terminal was a 267...

November 8, 2022 No Responses

Photo News

L-R: Helen Tunde-Oyeluyi, Facility Manager, SIFAX ICT, Ijora; Paul Linden, Managing Director, SIFAX ICT, Ijora; Akeem Oladipupo Ojora, Basohorun of Ijora Land and representative of the Ojora of Ijoraland, Oba Fatai Oyeyinka Ojora; Ayoola Moses, DPO, Ijora...

November 7, 2022 No Responses

Oil Falls As China Sticks To Strict COVID Policy

Oil prices fell more than 2% at the start of Asia trade on Monday after Chinese officials at the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world’s top crude...

November 7, 2022 No Responses

AfDB Mobilises $31b Investment Interest

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors. In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina sai...