City BusinessNews – Page 182 – City Business News

March 22, 2024 No Responses

FG Inaugurates Marshals To Combat Illegal Mining

As part of measures to tackle unauthorized mining activities, the Minister of Solid Minerals Development, Dele Alake, has launched the inaugural group of Mining Marshals Corps. Presenting the Mining Marshals in Abuja on Thursday, Alake explained that the mining marshals have...

March 22, 2024 No Responses

Stock Market Recovers N74b

Bullish sentiment returned to the equity market on Thursday, following investors’ interest stocks of BUA Cement, Zenith Bank and other top traders, making it the first gain of the week. Specifically, the market capitalisation, which opened at N58.947 trillio...

March 21, 2024 No Responses

New NEMA DG, Zubaida Umar, Harps On Effective Service Delivery

The newly appointed Director General, the National Emergency Management Agency (NEMA), Mrs Zubaida Umar on Tuesday, assumed duties at the headquarters of the Agency in Abuja. The new Director General was received on arrival by the management staff of the...

March 21, 2024 No Responses

Access Bank To Acquire National Bank Of Kenya

Access Bank is to acquire the National Bank of Kenya from the KCB Group, its second acquisition of a Kenyan bank in under five years. After purchasing Transnational Bank Limited. in 2019, this is the Nigerian lender’s second acquisition in...

March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...

March 20, 2024 No Responses

Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the Federal Government can tackle the current foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigeria...

March 20, 2024 No Responses

Zenith Bank Appoints Adaora Umeoji As GMD/CEO

The Board Directors of Zenith Bank Plc has appointed Dr. Adaora Umeoji as the Group Managing Director/ Chief Executive of Zenith Bank Plc. The Bank in a statement to the Nigerian Exchange explained that the appointment is with effect from June ...

March 19, 2024 No Responses

NDDC To Hand Over Ondo Power Project To TCN

The Governing Board of the Niger Delta Development Commission, NDDC has concluded plans to inaugurate the 132/33kv electricity sub-station at Ode-Erinje in Okitipupa Local Government Area of Ondo State. A statement issued by the Commission explained that...

March 19, 2024 No Responses

NLC Backs NASU, SSANU

The Nigerian Labour Congress (NLC) has declared its support for the ongoing strike by the Non-Academic Staff Union of Educational (NASU) and associated institutions of the Senior Staff Association of Nigerian Universities (SSANU) and has demanded an “immedia...

March 19, 2024 No Responses

NCC: Voice, Data Services Affected By Undersea Cable Cuts Restored

The management of Nigerian Communications Commission (NCC) has announced that voice, and data services affected by undersea cable cuts have been restored. A statement issued on Monday by the Director of Public Affairs in NCC, Reuben Muoka, said services have.....

March 18, 2024 No Responses

Tinubu: Killers Of Military Personnel Won’t Go Unpunished

President Bola Tinubu has condemned the killing of military personnel in Delta State. In a statement on Sunday, Tinubu described the killing as unprovoked and “dreadful”, adding that the perpetrators, whom he described as “cowardly” must not go unpunis...

March 18, 2024 No Responses

Dangote Lauds Lagos Govt On Consumer Rights Advocacy

The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote has commended the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that ...

March 17, 2024 No Responses

Shell To Deploy New ‘Cutting-Edge’ Vessel

Singapore-based shipbuilding player, PaxOcean Group, has delivered a vessel, scheduled to work off the coast of Brunei for Brunei Shell Petroleum (BSP), a subsidiary of the UK oil major Shell. The Vessel was delivered to Automac Mult...

March 17, 2024 No Responses

Obi Berates AG’s Office For Hosting Workshop In London

THE Presidential Candidate of the Labour Party in the 2023 general election, Mr. Peter Obi has berated the Office of the Accountant General of the Federation for hosting a Workshop for State Commissioners of Finance in London. Obi said this...