Business – Page 339 – City Business News

August 25, 2022 No Responses

Stock Market Recovers N65b

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle and Stanbic Bank Specifically, the market capitalisation gained N65 billion or 0.25 per...

August 25, 2022 No Responses

ANLCA Seeks Freight Forwarders’ Village At Lekki Deep Seaport, Explains Crisis

The Association of Nigeria Licensed Customs Agents (ANLCA) has appealed to the management of Lekki Deep Seaport to provide a Freight Forwarders’ Village for customs brokers as obtained in other modern automated ports in the world. The Acting National Preside...

August 24, 2022 No Responses

Nigeria Exports $2.6b Non-Oil Products In Six Months

Nigeria exported over 4. 146 million metric tonnes of non-oil products, worth $2.593 billion from January to June 2022, the Nigerian Export Promotion Council (NEPC), disclosed on Tuesday. Presenting the first half year 2022 progress report to Journ...

August 24, 2022 No Responses

Nigeria Decries Abuse Of Expatriate Quota Policy

The Minister of Interior, Alhaji Rauf Aregbesola has decried the abuses and gross violations of Nigeria’s expatriate quota policy by foreigners and some organisations in the country. Aregbesola condemned the practice on Tuesday in Abuja at the re-inaug...

August 24, 2022 No Responses

Kaduna Customs Area Command Gets New Controller

Mr Yakubu Salihu has assumed duty as new Controller, Kaduna Area Command of the Nigeria Customs Service (NCS). Salihu replaced Abubakar Sanusi who was transferred to the NCS Headquarters, Abuja. Sanusi, the outgoing controller, on Tuesday in Kaduna...

August 23, 2022 No Responses

Ford To Cut 3,000 Jobs

Ford Motor Company said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions...

August 23, 2022 No Responses

British Airways To Cut 10,000 Heathrow Flights

British Airways will cut roughly 10,000 short-haul flights to and from Heathrow Airport between late October and March. The move is aimed at minimising disruption over the winter and some long-haul flights will also be affected, the airline said. BA...

August 23, 2022 No Responses

Maritime University, NDA Sign Research, Manpower Development MoU

The Nigerian Maritime University (NMU) Okerenkoko in Delta, has signed a Memorandum of Understanding (MoU) with the Nigerian Defence Academy (NDA) Kaduna on research and manpower development. The MoU was signed by the Vice Chancellor of NMU, Prof. Emmanuel Adi...

August 22, 2022 No Responses

100 MSMEs Secure Export Certifications

Over 100 Medium, Small and Micro Enterprises (MSME) have received export certifications to qualify them for the export of their products, the Nigerian Export Promotion Council (NEPC), disclosed on Sunday in Jos, Plateau State. The Executive Director of NEP...

August 22, 2022 No Responses

SEC Seeks Tax Exemption On Corporate Bonds

The Securities and Exchange Commission (SEC) has urged the federal government to consider its proposal to exempt corporate bonds from the payment of tax. Speaking in Lagos at an interactive session with Journalists on the outcome of the second...

August 22, 2022 No Responses

First Set of Winners Emerge In Union Bank’s Save & Win Palli Promo 2

Union Bank of Nigeria has rewarded the first set of winners in the second edition of its Save & Win Palli promo. The first live draw of this season, which took place at Union Bank’s Head office in Lagos, saw...

August 22, 2022 No Responses

FirstBank Unveils Activities For CRS Week

First Bank of Nigeria has announced plans for the fifth edition of its Corporate Responsibility and Sustainability (CRS) Week. In a statement on Sunday, Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, explained that the ...

August 22, 2022 No Responses

NLNG Receives Road Infrastructure Tax Credit Certificate For Bonny – Bodo Road From FIRS

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, has received its Tax Credit Certificate from the Federal Inla...

August 21, 2022 No Responses

Airline Operator Implores FG On Release Of Foreign Airlines’ $450m Ticket Sales

Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to repatriate the $450million in ticket revenue belonging to foreign airlines operating in the country. Adewale, also former Vice-Chairman, the National Associ...