Business – Page 325 – City Business News

October 29, 2022 No Responses

Investors Lose N388b On NGX

The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday. Also, the All-Share Index (ASI) fell by 712.54 points or...

October 29, 2022 No Responses

Naira Weakens Further To Dollar At Investors, Exporters Window

The Naira on Friday exchanged at N444.75 to the dollar at the Investors and Exporters window, a depreciation of 0.06 percent, compared with N444.50 to the dollar it exchanged on Thursday. The open indicative rate closed at N443 to the...

October 28, 2022 No Responses

FG, States, LGCs Share N760.235b For Sept

The Federation Account Allocation Committee (FAAC), has shared N760.235 billion to the three tiers of government as federation allocation for September, 2022. A statement issued by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on Thursday exp...

October 28, 2022 No Responses

Lagos Begins Parking Policy Full Implementation In 2023 Q2

As part of measures to improve parking culture, the Lagos State Parking Authority (LASPA) is to commence full implementation of it policies in second quarter (Q2) of 2023. Speaking during an interactive session with ...

October 27, 2022 No Responses

FG Declares Preferred Bidders For Airports

The Federal Government has announced the selected preferred and reserve bidders for Nigerian airports concession. Sen. Hadi Sirika, the Minister of Aviation, made the announcement when he addressed newsmen on Wednesday in Abuja. According to him, t...

October 27, 2022 No Responses

Q3:GTCO Declares N169.7b Profit

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE). The Group reported profit bef...

October 27, 2022 No Responses

EFCC Hails CBN’s Move To Clampdown On Currency Hoarders

The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the Naira. The CBN Governor, Godwin Emefiele, on Wednesday announced th...

October 27, 2022 No Responses

Heirs Insurance Firms Record N14.8b Premium In Q3

Heirs Insurance Ltd. (HIL) and Heirs Life Assurance (HLA) have generated a total of N14.8 billion Gross Written Premium (GWP) in the third quarter. Mr Niyi Onifade, Managing Director, Heirs Life Assurance, said this at a press briefing on Wednesday...

October 26, 2022 No Responses

Lagos Airport Hotel Celebrates 80th Anniversary

The Lagos Airport Hotel Ltd. on Tuesday held a public lecture to commemorate its 80th anniversary. Princess Olufunke Olugboji, Chairperson, Board of Directors of Lagos Airport Hotel Ltd., during the public lecture in Lagos said it had been years of...

October 26, 2022 No Responses

NPA Boss Explains Onne, Calabar Ports ISO Certification

Habours departments of Onne and Calabar ports have secured the International Standard Organisation(ISO) certification. Managing Director of Nigerian Ports Authority (NPA), Mohammed Koko, disclosed on Tuesday at the Presidential Villa, Abuja, while featur...

October 26, 2022 No Responses

NLNG Seeks More Investment To Ensure Reliable LPG Supply

Nigeria LNG Limited (NLNG) has called on stakeholders in the domestic Liquified Petroleum Gas (LPG) value chain to invest in the supply of the product to ensure a reliable and steady stream of supply to the market. A statement issued...

October 26, 2022 No Responses

Ecobank Nigeria Listed Among Top 50 Brands In Nigeria

Ecobank Nigeria has been listed among the top 50 brands in Nigeria prioritizing customer satisfaction and delivering top-notch banking services to citizens in Nigeria and Africa. Chief Executive of Top 50 Brands Nigeria, Taiwa Oluboyede, initiator of the...

October 25, 2022 No Responses

Suspected Smugglers Kill Customs Officer In Kwara

An officer of the Nigerian Customs Service was killed on Friday in Igboho by suspected smugglers while on patrol on Sinau-Kenu Road in Baruteen Local Government Area of Kwara State. Customs spokesman in Kwara, Mr Chado Zakari, explained in&nbs...

October 25, 2022 No Responses

Access Bank unveils N1b Campaign To Reward Loyal Customers

Access Bank has launched ‘Access Winfest campaign’ to reward loyal customers with cash and other items up to N1 billion. The Deputy Managing Director, Retail, North, Mr Victor Etuokwu, in a statement on Monday explained that customers would b...