Business – Page 360 – City Business News

May 6, 2022 No Responses

NDIC Begins Verification Of Depositors In Three Failed Micro-Finance Banks

The Nigeria Deposit Insurance Corporation (NDIC) is to commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twitter...

May 6, 2022 No Responses

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...

May 5, 2022 No Responses

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022. Chief Executive Officer, Dangote Cement,...

May 1, 2022 No Responses

Indians In Nigeria Laud Inauguration of Nigeria-India Business Council

Indians in Nigeria have expressed excitement over the newly inaugurated Nigeria-India Business Council designed to further strengthen the bilateral relations between the two countries. General Secretary of the Afro Asian Initiative for Community Developm...

April 30, 2022 No Responses

Nestlé Nigeria Attains N18b Profit In Three Months

By citybusinessnews@yahoo.com — For the first quarter ended March 31, 2022, Nestle Nigeria Plc has declared profit after tax of N 18.0 billion. According to the unaudited financial statements, the company recorded a revenue of N 110.2 billion ...

April 30, 2022 No Responses

MTN Nigeria Shareholders Get N13.12b Dividend For 2021

For the year 2021, MTN Nigeria Communications Plc paid N13.12 billion as dividends to shareholders. Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding. The statement also in...

April 30, 2022 No Responses

Sylva Tasks Staff On TeamWork

Minister of State, Petroleum Resources, Chief Timipre Sylva, has urged the staff of the ministry to redouble their efforts for more engaged and productive teamwork with a higher drive. Sylva made the call on Friday in his remark at the Bonding...

April 29, 2022 No Responses

Guinness Nigeria Unveils £6.2m HQ, Declares N15.27b In Three Months

Guinness Nigeria Plc, a member of the Diageo family, on Thursday opened its new £6.2 million ultra-modern headquarters (HQ) located at Cocoa Industries Road, Ogba, Lagos State. In her speech, Guinness Nigeria’s Board Chair, Dr Omobol...

April 29, 2022 No Responses

Genetically Modified Beans Safe For Consumption, FG Assures Nigerians

The National Biosafety Management Agency (NBMA), on Thursday, assured Nigerians that recently-approved, genetically-modified beans is safe for both human consumption and the environment. Dr Rufus Ebegbe, Director General of NBMA, gave the assurance at a work...

April 29, 2022 No Responses

MAN Tasks FG On Speedy Implementation Of AfCFTA

The Manufacturers Association of Nigeria (MAN) has tasked the Federal Government to speedily commence the implementation of the African Continental Free Trade Area (AfCFTA) to support its industrialisation agenda and for competitiveness. The President of...

April 29, 2022 No Responses

CBN Director, Tumala, Joins Borno Senatorial Race

A renowned finance expert and Director of Statistics of the Central Bank of Nigeria (CBN), Dr. Mohammed Musa Tumala, Thursday collected his Nomination Form at the All Progressive Congress (APC) Secretariat in Abuja to formally express his interest in the...

April 29, 2022 No Responses

Over 200 Innoson-BOSCH Trainees Graduates

All is now set for the over 200 students who were Inducted into the BOSCH- Innoson Kiara Academy (IKA) training programme in automobile maintenance to graduate on Friday, April 29th, 2022, The training was inaug...

April 28, 2022 No Responses

FG, States, LGCs, share N725.571bn for March

The Federation Accounts Allocation Committee (FAAC), has shared the sum of N725.571 billion to the three tiers of government, as federation allocation for the month of March. A statement issued by Mr Phil Abiawute-Mowete, Director, Information/Press, Fed...

April 28, 2022 No Responses

Nigerian Content In Oil Sector Grows To 42%, Says Wabote, NCDMB Boss

The Nigerian Content Development and Monitoring Board (NCDMB) has grown Nigerian content in the oil and gas sector to 42 per cent. Mr Simbi Wabote, Executive Secretary of NCDMB gave the update on Wednesday, while speaking at a Local content...