Business – Page 343 – City Business News

August 10, 2022 No Responses

Badagry Seaport Project To Create 250,000 Jobs

The Badagry Port Development Ltd (BPDL), promoters of the newly approved Badagry Deep Seaport project, says the project under a Private-Public Partnership will create 250,000 jobs. In a statement on Tuesday, Mr Oludele James Clinton, the Project Manager, BPDL, described...

August 10, 2022 No Responses

Shippers’ Council Boss Inspects Port Corridor, Harps On Ease Of Doing Business

The enlarged Presidential Port Standing Task Team (PSTT) has rid the port corridor of shanties and trucks constituting nuisance within three months, the Nigerian Shippers’ Council (NSC) has said. Mr Emmanuel Jime, the Executive Secretary, NSC, sa...

August 10, 2022 No Responses

Broadband Penetration Hits 44.5% As NCC Reviews Short Code Services

Nigeria’s broadband usage has continued on the rise, moving up from 40.9 per cent in February 2022 to 44.5 per cent in July 2022, a figure considered hopeful for achieving the national broadband target of 70 per cent in 2025. ...

August 9, 2022 No Responses

Sokoto Secures N4b Loan For 16,000 Farmers

The Sokoto State Government has secured a N4 billion loan to be distributed to 16,000 rice, wheat and tomato farmers in the state.Gov. Aminu Tambuwal disclosed this on Monday in Sokoto, while launching the sale of 10,000 metric tons of...

August 9, 2022 No Responses

‘Benin River Port’ll Ease Congestion of Lagos Ports, Enhance Economic Growth‘

Benin River Port, on completion, will ease the congestion being experienced daily at the various ports in Lagos, Edo State Governor, Mr. Godwin Obaseki, reiterated on Monday. Addressing delegates at the panel review exercise on the Environmental an...

August 9, 2022 No Responses

Status Quo Remains In Share Sale By ExxonMobil To Seplat Energy, Says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) jas affirmed that the status quo remains with respect to ExxonMobil/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on M...

August 9, 2022 No Responses

First Bank Reopens Abuja Headquarters Office

First Bank of Nigeria has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja. The News Agency of Nigeria (NAN) recalls that the office was on Aug. 4, sealed by the FCT High Court Enforcement Unit over...

August 9, 2022 No Responses

Woman Docked For Allegedly Stealing 99 iPhones

A 60- year-old woman, Adenike Okunbanjo, was on Monday docked in an Ikeja Chief Magistrate’s Court for allegedly stealing 99 pieces of iPhones worth N14.85 million. The defendant, a businesswoman who resides at 1, Alade St., Temidire, Ibafo, Ogun State...

August 8, 2022 No Responses

How To Address Nigeria’s Economic Challenges, By NECA

The Nigeria Employers’ Consultative Association (NECA) has described the economic challenges facing the country as multi-faceted and called for a holistic and multi-pronged approach to resolving them. NECA’s Director-General, Mr Wale Oyerinde, in a state...

August 8, 2022 No Responses

First Bank Workers Donate Surgical Equipment For VVF Repairs

First Bank of Nigeria (FBN) workers under the aegis of the Employee Giving and Volunteering Scheme on Saturday, donated surgical equipment for free Vesico Vaginal Fistula (VVF) repairs in Sokoto state. The News Agency of Nigeria (NAN) reports that the...

August 7, 2022 No Responses

AIICO Insurance Declares N45.5b Gross Premium In Six Months

For the first half of 2022, AIICO Insurance Plc has declared Gross Written Premium (GWP) of N45.5 billion. The company’s unaudited report showed that the GWP increased by 21.4 per cent compared with the N37.481billion recorded in the corresponding peri...

August 7, 2022 No Responses

Hyundai To Raise Stake In Startup

Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper report has said. Hyundai Motor Group, which houses Hyundai Motor Co and Kia...

August 6, 2022 No Responses

Nigerian Shippers‘ Council Assures Kano Business Communities Of Timely Delivery Of Goods

The Executive Secretary of the Nigerian Shippers Council (NSC), Emmanuel Jimeh has assured the Kano business communities of timely and door-step delivery of goods. Speaking at the designation of Dala Inland Dry port as an import and export bas...

August 6, 2022 No Responses

FirstBank Rewards Customer With Car In Verve Card Campaign

The First Bank of Nigeria has rewarded the grand prize winner of its Verve Card campaign, Mr Olakunle Animasaun, the Chairman of Kanwl International Ltd., with a brand-new car. The 14-week promo in partnership with Verve was designed to reward...