Business – Page 346 – City Business News

July 30, 2022 No Responses

NIMASA Board Appoints Three Directors, Promotes 469 Others

The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the appointment of three new Directors. A statement on Friday explained that the new directors are Mr Otonye Obom, Captain Sunday Umoren and Mr Kazir Musa. According to...

July 30, 2022 No Responses

Unity Bank Posts N27.6b Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30. According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...

July 30, 2022 No Responses

Buhari Approves Lekki Deep Seaport For Commercial Operations

President Muhammadu Buhari has approved the designation of Lekki Deep Seaport as a Customs Port and Approved Wharf. This is contained in the official Twitter handle of the Nigerian Ports Authority (NPA) on Friday. It stated that the Managing Direct...

July 29, 2022 No Responses

FG Sets To Implement 5% Excise Duty On Telecom Services

Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the Federal Government plans to implement a five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planni...

July 28, 2022 No Responses

Ministry Inaugurates Committee On Oil, Gas Investment Promotion

The Ministry of Petroleum Resources has inaugurated a committee on the Establishment of an Oil and Gas Investment Promotion Office to spur investment in the sector. Mr Kamoru Busari, Director overseeing the Office of the Permanent Secretary said that having...

July 28, 2022 No Responses

Sambo Appoints Dantsoho, Ex Onne Port Manager As Chief Of Staff

The Minister of Transportation, Mr Mu’azu Sambo has appointed former Onne Port Manager, Rivers State, Dr Abubakar Dantsoho, as his Chief of Staff. A statement issued on Thursday by Mr Eric Ojiekwe, Director of Press and Public Relations of the minis...

July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda said tha...

July 28, 2022 No Responses

Firstmonie Agents Hit One Billion Transaction Volume

Firstmonie has collectively processed transaction volume in excess of one billion, amounting to over N22 trillion, First Bank of Nigeria Ltd, has disclosed Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney in a statement ex...

July 28, 2022 No Responses

Fidelity Bank Rewards Customers With N10m

Fidelity Bank Plc has rewarded 10 customers with N1million each in the eight monthly draws of its Get Alerts in Millions season five promo (GAIM 5). Dr Ken Opara, the Promo Chairman and Executive Director, Lagos and South-West, said at...

July 28, 2022 No Responses

NIMASA Urges NLNG To Fly Nigerian Flag On Vessels

The Nigerian Maritime Administration and Safety Agency (NIMASA) have urged the Nigeria Liquefied Natural Gas (NLNG) to consider the Nigerian Flag as the first option for its vessels. The Director-General of NIMASA, Dr Bashir Jamoh, made the appeal in a...

July 28, 2022 No Responses

NEPZA, FIRS Agree To Adjust FTZs New Tax Administration Pact

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concer...

July 27, 2022 No Responses

Presco Shareholders Get N7.5b Dividend For 2021

By Moses Ebosele, ebosele@hotmail.com — For the financial year ended December 31, 2021, shareholders of Presco Plc, on Wednesday, approved payment of 660kobo per share final dividend, amounting to N6.6Billion. This brought the tota...

July 27, 2022 No Responses

Economist Implores Investors On Taking Position

A Professor of Capital Market, Prof. Uche Uwaleke, has advised investors interested in the equities market to buy stocks in September and sell in January 2023 to reduce the impact of electioneering activities on investment. Professor Uwaleke gave the ad...

July 26, 2022 No Responses

Buhari Nominates Four Non-Executive Directors Of CBN

President Muhammadu Buhari has nominated four persons for appointment as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN).This is contained in a letter dated July 21 and read at Tuesday’s plenary by Senate President, Ahmad Lawan.Buha...