Business – Page 326 – City Business News

October 25, 2022 No Responses

Group To Boost Oil Palm Production In Edo With $300m

The global Roundtable on Sustainable Oil Palm (RSPO), is committing $300,000 to the implementation of its oil palm community engagement and outreach programme in Edo State. Its Chief Executive Officer, Mr Joseph D’Cruz made the declaration at the launch of...

October 24, 2022 No Responses

Union Tasks Polaris Bank New Owners On Job Security

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has urged the new owners of Polaris Bank to ensure that the jobs of the existing staff are secure. The union in a statement issued by its Secretary General,...

October 23, 2022 No Responses

Cooking Gas Marketers Caution Against Panic Buying

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians against panic buying of Liquefied Petroleum Gas (LPG), cooking gas, as a result of the force majeure declared by Nigeria Liquefied Natural Gas Ltd. (NLNG). Its pres...

October 23, 2022 No Responses

NBS: Cooking Gas Price Increases By 86.62 Percent In One Year

The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated. It stated in its “Cooking Gas Price Watch’’ for September 2022 released on Saturday in...

October 22, 2022 No Responses

Polaris Bank Gets New Board, Management Team

Polaris Bank has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of its equity by Strategic Capital Investment Limited (‘SCIL’). As part of the change in ownership, SCIL has appointed a...

October 22, 2022 No Responses

TotalEnergies/NNPC Joint Venture Donates Relief Materials To Flood-Affected Communities In Rivers

Joint Venture partners, TotalEnergies (Exploration and Production) Nigeria Ltd. and the NNPC donated relief materials to their Oil Mining Lease (OML) 58 host communities in Rivers on Friday. The communities were devastated by recent floods. Mr Guil...

October 22, 2022 No Responses

New NDDC Acting MD Task Directors On Service Delivery

The Acting Managing Director of the Niger Delta Development Commission, NDDC, Engr. Emmanuel Audu-Ohwavborua has pledged to do the right things at the Commission going forward. On arrival at the NDDC headquarters at the Eastern By pass, the Acting ...

October 22, 2022 No Responses

C&I Leasing Assures Shareholders Of Enhanced Return, Expansion

C &I Leasing Plc has reiterated plans to embark on a business expansion drive in the near future to increase market share and ensure enhanced returns to shareholders. The C&I Leasing Group Managing Director/Chief Executive Officer, Mr Lenin Ugoji...

October 21, 2022 No Responses

Emefiele To Appear In Court Over $70m Judgment Debt

The Federal High Court, Abuja has ordered the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele to appear in court January 18, 2023 to explain his refusal to obey a valid court order. Justice Inyang Ekwo issued the...

October 21, 2022 No Responses

Broadband: Pantami Woos State Governors, Obaseki Shares Experience

The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, Thursday in Abuja, told a gathering designed for State Governors that the potentials of broadband are so enormous that if made available for their citizens, will be the...

October 21, 2022 No Responses

Alaghodaro Business Summit: Obaseki Hosts Dangote, Elumelu, Ibru, Peterside, Others

The Edo State Governor, Mr. Godwin Obaseki, Thursday, hosted key players in Nigeria’s private sector, including Chief Executive Officers (CEOs) of conglomerates, members of the diplomatic corps and other stakeholders in the investment community to a business...

October 21, 2022 No Responses

New Core Investor Acquires Polaris Bank

A new core investor, Strategic Capital Investment Ltd. (SCIL) has acquired Polaris Bank, The Central Bank of Nigeria (CBN), disclosed on Thursday. A statement signed by Mr Osita Nwanisobi, Director, Corporate Communications and posted on CBN website on Thursda...

October 21, 2022 No Responses

TotalEnergies charters MOL’s newbuild LNG carrier

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a multi-year charter agreement with TotalEnergies Gas & Power Limited, a wholly-owned subsidiary of French energy firm Total Energies, for a newbuild liquefied natural gas (LNG) carrier. The cont...

October 20, 2022 No Responses

Shippers’ Council, NIMASA, ICPC, Others Advocate Improved Partnership Against Corruption At Ports

Some stakeholders in the maritime sector have called for increased collaboration among relevant agencies to tackle corruption in port processes in the country. They spoke on Wednesday at an Extra-Ordinary Session organised by the Independent Corrupt Practices ...