Business – Page 324 – City Business News

November 6, 2022 No Responses

FIRS Boss: Dialogue Crucial In Strengthening Tax Administration

Tax dialogue is a tool for engendering tax compliance as well as means of strengthening tax systems, the Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said. Nami said this at the 2022 Kaduna State Tax Dialogue, held...

November 5, 2022 No Responses

First Bank Reiterates Commitment To Funding Mining Sector

First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this durin...

November 5, 2022 No Responses

Dana Air To Resume Flights Nov 9

Dana Airline, on Friday, announced that it would resume flights operations on November 9, 2022. Accountable Manager of Dana Airline, Mr Ememobong Ettete, in a statement issued by its Corporate Communication Officer, Mr Kingsley Ezenwa, &n...

November 4, 2022 No Responses

Manufacturers Seek End To forex, Energy Crisis

The Manufacturers Association of Nigeria (MAN), on Thursday, tasked the Federal Government and monetary authorities to address the foreign exchange and energy crises responsible for the unfavorable movements in manufacturing indicators. Mr Segun Ajayi-Ka...

November 4, 2022 No Responses

NPA Approves Five Export Terminals

The management of Nigerian Ports Authority (NPA), on Thursday, presented operational licences to five Export Processing Terminals (EPTs) to scale-up exports in the country. The five export processing terminals licensed are: Diamondstar Port and Terminal ...

November 4, 2022 No Responses

Market Capitalisation Drop By N25b

The equity market extended losses on Thursday as the market capitalisation shed N25 billion or 0.10 per cent to close at N24.094 trillion from the 24.119 trillion on Wednesday. Similarly, the All-Share Index dipped by 46.32 points or 0.10 per...

November 4, 2022 No Responses

Pirelli Ups 2022 Sales View As Pricing, Product Mix Give Boost

Italian tyremaker, Pirelli on Thursday lifted its 2022 sales forecast after third-quarter figures came in above expectations, citing the resilience of its business model and measures put in place against market volatility. The manufacturer...

November 4, 2022 No Responses

Sterling Bank Reaffirms Commitment To Agriculture

Chief Executive Officer (CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman has said the bank is ready and willing to invest more in Nigeria’s agricultural sector, having invested more than N100 billion; a figure that represents about 15 percent of...

November 3, 2022 No Responses

Geely’s Zeekr Plans Electric Vehicle Sales In Europe

Zhejiang Geely Holding Group’s premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr’s CEO said. Zeekr joins a growing list of Chinese automakers looking to launch or expand...

November 2, 2022 No Responses

NPA Inaugurates Export Processing Terminal In Lagos

The Nigerian Ports Authority (NPA), on Tuesday, inaugurated export processing terminal, Diamond Star Export Processing Terminal in Lagos. The terminal situated at Lilypond in Ijora, would ensure speedy and seamless processing of export cargoes accessing ...

November 2, 2022 No Responses

Blue Economy Takes Centre Stage As NIMASA Organizes Senior Management Strategy Session

As part of efforts to review performance and strategize to achieve its mandate the Management of the Nigerian Maritime Administration and Safety Agency, NIMASA has organized a 3-day Management strategic session. Speaking during the opening of...

November 1, 2022 No Responses

Grimaldi Welcomes 12th Hybrid RoRo Ship

Italian shipping company Grimaldi Group has taken delivery of the twelfth hybrid roll-on/roll-off (RoRo) ship of the Grimaldi Green 5th Generation (GG5G) class from the Chinese Jinling shipyard in Nanjing. According to World Maritime News, the vessel Eco...

October 31, 2022 No Responses

Dangote Sugar Declares N24.83b Profit In Nine Months

For the nine months period ended September 30, 2022, Dangote Sugar Refinery Plc has announced a Profit Before Tax (PBT) of N36.27 billion. Group Managing Director, Dangote Sugar Refinery Plc, Mr Ravindra Singhvi, in a statement on Sunday explained that.....

October 30, 2022 No Responses

Expert Tasks Bankers On Infrastructure Funding

An infrastructure specialist, Mr Opuiyo Oforiokuma, has urged bankers to come up with a plan to fund infrastructure in Nigeria. Oforiokuma, a Senior Partner at Africa50 Infrastructure Acceleration Fund, gave the advice at the 2022 Fellowship Investiture ...