Business – Page 353 – City Business News

June 24, 2022 No Responses

Saraki Urges Sustained Synergy Among Maritime Agencies

The Minister of State for Transportation, Senator Gbemisola Ruqayyah Saraki has embarked on a tour of facilities and assets of the Nigerian Maritime Administration and Safety Agency (NIMASA). Assets inspected included the NIMASA Command, Control and Computer Centre (C4i), the NIMASA Modular Floating Dockyard, the...

June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said Mr Lamido Yuguda, the Director-General of SEC, out...

June 22, 2022 No Responses

CBN Rewards Lagos Farmers With Cash Gifts

Three farmers in Lagos State have won the “Best Farmer of the Year 2021” award organised by the Development Finance Department of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that the farmers were given...

June 22, 2022 No Responses

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses. Similarly, the All-Share In...

June 21, 2022 No Responses

Buhari To Private Sector: Reinvest Profit On Job Creation

President Muhammadu Buhari has appealed to members of the organised private sector to reinvest their profits on creation and retention of jobs. Buhari made the appeal while declaring open the maiden Nigeria Employers’ Summit of the Nigeria Employers’...

June 21, 2022 No Responses

Saraki At Tin Can Island Port, Reaffirms NPA Position On Quay Walls Reconstruction

The Minister of State for Transportation, Senator Gbemisola Saraki has reaffirmed the position of the Nigerian Ports Authority (NPA) for the total reconstruction of Quay walls of the TinCan Island Port Complex which have become weak due to age. &nb...

June 21, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Edo State Governor, Mr. Godwin Obaseki, has said the government’s sustained investment in oil palm cultivation and production will enhance the diversification of the state’s economy from crude oil and support ongoing efforts to engender forest regenera...

June 19, 2022 No Responses

NPA Tasks Procurement Dept On Processes, ISO Certification

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko has challenged the procurement department to be more proactive in terms of decisions on processes and procedures. Addressing participants at the NPA Procurement Strategic Retreat ...

June 19, 2022 No Responses

APC Wins Ekiti Governorship Election

Mr Biodun Oyebanji, the candidate of the All Progressives Congress (APC), has been declared the winner of the Saturday’s Ekiti Governorship election. Declaring the winner, Prof. Oyebode Adebowale, the Independent National Electoral Commission (INEC) Re...

June 17, 2022 No Responses

Saro Oil Palm Embarks On Pre-Planting Activities In Edo

An integrated agricultural company, Saro Oil Palm Limited has embarked on pre-planting activities in preparation for the development of a 10,000-hectare oil palm plantation in Orhionmwon Local Government Area of Edo State. Managing Director of Saro Oil P...

June 17, 2022 No Responses

Customs Intercepts kola Nuts, Other N38.5m Contrabands

Nigeria Customs Service (NCS), Katsina area Command has intercepted kola nuts and other contrabands worth N38.5 million in the state from April 1 to date. The Customs Area Controller in Katsina, Comp. Dalha Wada-Chedi made this while addressing Journalists o...

June 16, 2022 No Responses

Dangote Sugar Shareholders Get N12.147b Dividend For 2021

Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to the sector. Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sug...

June 16, 2022 No Responses

Shippers’ Council To Hold Maritime Seminar For Judges In July

By Moses Ebosele, ebosele@hotmai.com — The management of Nigerian Shippers’ Council (NSC) in collaboration with the National Judicial Institute (NJI) is to hold a three-day seminar for judges from July 5 to July 7, 2022, at Sheraton Ho...

June 16, 2022 No Responses

IMO Puts Adoption Of $5b Maritime R&D Fund On Hold

The International Maritime Organisation (IMO) has concluded its Marine Environment Protection Committee (MEPC 78) meeting, taking, in the view of the shipping industry, only small steps towards decarbonising the sector. Meanwhile, IMO’s MEPC has reiterated i...