City BusinessNews Archives — Page 192 of 403

November 9, 2022 No Responses

Agusto Upgrades EDC Nigeria Money Market Fund Rating

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment...

November 8, 2022 No Responses

APM Terminals Justifies Côte d’Ivoire’s All-Electric Terminal

The new Côte d’Ivoire Terminal in Abidjan, a joint venture between APM Terminals and Bolloré Ports, officially commenced operational and commercial activities on November 2, 2022. The first vessel to be officially operated on at the terminal was a 267...

November 7, 2022 No Responses

AfDB Mobilises $31b Investment Interest

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors. In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina sai...

November 6, 2022 No Responses

FIRS Boss: Dialogue Crucial In Strengthening Tax Administration

Tax dialogue is a tool for engendering tax compliance as well as means of strengthening tax systems, the Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said. Nami said this at the 2022 Kaduna State Tax Dialogue, held...

November 5, 2022 No Responses

First Bank Reiterates Commitment To Funding Mining Sector

First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this durin...

November 5, 2022 No Responses

Dana Air To Resume Flights Nov 9

Dana Airline, on Friday, announced that it would resume flights operations on November 9, 2022. Accountable Manager of Dana Airline, Mr Ememobong Ettete, in a statement issued by its Corporate Communication Officer, Mr Kingsley Ezenwa, &n...

November 4, 2022 No Responses

Manufacturers Seek End To forex, Energy Crisis

The Manufacturers Association of Nigeria (MAN), on Thursday, tasked the Federal Government and monetary authorities to address the foreign exchange and energy crises responsible for the unfavorable movements in manufacturing indicators. Mr Segun Ajayi-Ka...

November 2, 2022 No Responses

World`s Ten Most Indebted Countries

Covid-19 has pushed many states’ debts above annual income, causing the global government debt to reach new record highs. According to the S&P Global Ratings report, the combined debt of all governments worldwide is expected to climb by 9.5% ...

November 2, 2022 No Responses

NPA Inaugurates Export Processing Terminal In Lagos

The Nigerian Ports Authority (NPA), on Tuesday, inaugurated export processing terminal, Diamond Star Export Processing Terminal in Lagos. The terminal situated at Lilypond in Ijora, would ensure speedy and seamless processing of export cargoes accessing ...

October 31, 2022 No Responses

Dangote Sugar Declares N24.83b Profit In Nine Months

For the nine months period ended September 30, 2022, Dangote Sugar Refinery Plc has announced a Profit Before Tax (PBT) of N36.27 billion. Group Managing Director, Dangote Sugar Refinery Plc, Mr Ravindra Singhvi, in a statement on Sunday explained that.....

October 30, 2022 No Responses

Expert Tasks Bankers On Infrastructure Funding

An infrastructure specialist, Mr Opuiyo Oforiokuma, has urged bankers to come up with a plan to fund infrastructure in Nigeria. Oforiokuma, a Senior Partner at Africa50 Infrastructure Acceleration Fund, gave the advice at the 2022 Fellowship Investiture ...

October 29, 2022 No Responses

Investors Lose N388b On NGX

The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday. Also, the All-Share Index (ASI) fell by 712.54 points or...

October 28, 2022 No Responses

Lagos Begins Parking Policy Full Implementation In 2023 Q2

As part of measures to improve parking culture, the Lagos State Parking Authority (LASPA) is to commence full implementation of it policies in second quarter (Q2) of 2023. Speaking during an interactive session with ...

October 27, 2022 No Responses

Q3:GTCO Declares N169.7b Profit

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE). The Group reported profit bef...