Business – Page 359 – City Business News

May 15, 2022 No Responses

Okomu Oil, Host Community Resolve Dispute

Okomu Oil Palm Company Plc has resolved its misunderstanding with one of host communities, Imaroghioba. The Company’s Communications Officer, Mr Fidelis Olise, who confirmed the resolution of the feud on Saturday explained that Okomu Oil also pledged to sustain its Corporate...

May 15, 2022 No Responses

Amaechi Inaugurates Governing Boards Of NPA, MAN, NIWA, Others

The Minister of Transportation, Mr Rotimi Amaechi, has inaugurated the five Governing Boards of Parastatals under the Ministry. Amaechi, in a statement on Saturday explained that the board members would help restructure and reposition the agencies ...

May 14, 2022 No Responses

A’Ibom Unveils Coconut Oil Refinery, Targets 3,000 Jobs

The Akwa Ibom State Government has commissioned what its described as Africa’s first digital coconut oil refinery Commissioning the factory located in Ikot Akpan Okop village in Mkpat Enin Local Government Area on Friday, former G...

May 13, 2022 No Responses

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday. The open indicative rate closed at N416.50 to the dollar on...

May 13, 2022 No Responses

Gobet247: New Betting Platform Debuts In Nigeria, Promises Exciting Rewards

The burgeoning betting industry will inevitably experience an intense revolution when Gobet247 makes its grand entry into the Nigerian market on May 14, 2022, the new betting firm has said. Gobet247, a Nigerian company, said it is committed to rewarding....

May 12, 2022 No Responses

New Range Rover Sport Debuts

Sensational New Range Rover Sport has made its global premiere with a dramatic world-first climb up a flooded dam spillway in Iceland. New Range Rover Sport is based on Land Rover’s advanced, flexible Modular Longitudinal Architecture (MLA-Flex), which...

May 12, 2022 No Responses

Airtel Africa Records 82% Profit Growth

Airtel Africa Plc.’s profit before tax grew by 82 per cent to 755 million dollars in the financial year ended March 31, compared to the corresponding period in 2021. The company stated in Lagos on Wednesday that the strong growth resulted...

May 12, 2022 No Responses

Toyota Records $22b Full-Year Profit

Toyota Motor Corporation on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains.The Japanese auto giant, which kept its cr...

May 11, 2022 No Responses

Shippers’ Council Boss Reiterates Commitment To Non-Oil Export

The Nigerian Shippers’ Council (NSC) has reiterated its commitment to the promotion of the country’s non-oil export. Executive Secretary, NSC, Mr Emmanuel Jime said this when Dr Ezra Yakusak, Executive Secretary, Nigerian Export Promotion Council (NE...

May 11, 2022 No Responses

Gulf Of Guinea Accounts For 4.5million Barrels Of Oil Daily, Says CNS

The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Tuesday said that the Gulf of Guinea accounted for about 4.5million barrels of oil produced daily in Africa. Gambo said this at the 10th SECUREX West Africa 2022 International...

May 10, 2022 No Responses

Photo News

L-R: Representative of the Director General, NIMASA, Mr Shehu Ahmed; Secretary General, Abuja MoU, Capt. Sunday Umoren; Managing Director, Nigerian Ports Authority, Mohammed Bello-Koko and Former Director General NIMASA, Mrs Mfon Usoro

May 10, 2022 No Responses

NIMASA Seeks Harmonisation Of Port State Control Procedures

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that the growth potential and high expectations of maritime stakeholders for the industry would only be realized through the development of a ...

May 10, 2022 No Responses

17 Ships Discharge Petrol, Wheat, Frozen Fish, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Monday said 17 ships had arrived Lagos Ports and were discharging petrol, bulk wheat, frozen fish, bulk salt, butane gas, bulk sugar and ethanol. The authority said 25 other ships were also expected to...

May 7, 2022 No Responses

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...