City BusinessNews Archives — Page 193 of 403

October 27, 2022 No Responses

EFCC Hails CBN’s Move To Clampdown On Currency Hoarders

The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the Naira. The CBN Governor, Godwin Emefiele, on Wednesday announced that the...

October 27, 2022 No Responses

Heirs Insurance Firms Record N14.8b Premium In Q3

Heirs Insurance Ltd. (HIL) and Heirs Life Assurance (HLA) have generated a total of N14.8 billion Gross Written Premium (GWP) in the third quarter. Mr Niyi Onifade, Managing Director, Heirs Life Assurance, said this at a press briefing on Wednesday...

October 26, 2022 No Responses

Ecobank Nigeria Listed Among Top 50 Brands In Nigeria

Ecobank Nigeria has been listed among the top 50 brands in Nigeria prioritizing customer satisfaction and delivering top-notch banking services to citizens in Nigeria and Africa. Chief Executive of Top 50 Brands Nigeria, Taiwa Oluboyede, initiator of the...

October 24, 2022 No Responses

Union Tasks Polaris Bank New Owners On Job Security

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has urged the new owners of Polaris Bank to ensure that the jobs of the existing staff are secure. The union in a statement issued by its Secretary General,...

October 23, 2022 No Responses

Cooking Gas Marketers Caution Against Panic Buying

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians against panic buying of Liquefied Petroleum Gas (LPG), cooking gas, as a result of the force majeure declared by Nigeria Liquefied Natural Gas Ltd. (NLNG). Its pres...

October 22, 2022 No Responses

Polaris Bank Gets New Board, Management Team

Polaris Bank has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of its equity by Strategic Capital Investment Limited (‘SCIL’). As part of the change in ownership, SCIL has appointed a...

October 21, 2022 No Responses

Broadband: Pantami Woos State Governors, Obaseki Shares Experience

The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, Thursday in Abuja, told a gathering designed for State Governors that the potentials of broadband are so enormous that if made available for their citizens, will be the...

October 21, 2022 No Responses

TotalEnergies charters MOL’s newbuild LNG carrier

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a multi-year charter agreement with TotalEnergies Gas & Power Limited, a wholly-owned subsidiary of French energy firm Total Energies, for a newbuild liquefied natural gas (LNG) carrier. The cont...

October 18, 2022 No Responses

Fidelity Bank Redeems $400m Eurobond Notes

By Moses Ebosele, ebosele@hotmail.com — Fidelity Bank Plc on Monday announced the redemption of the $400 million Eurobond Notes due October 17, 2022. A statement sent to City Business News explained that On October 17, 2017, the bank successf...

October 18, 2022 No Responses

World’s Five Largest Stock Exchanges List 450 New Firms In Nine Months

The global economy is staring at a possible recession as inflation continues to wreak havoc across the stock market. Despite the conditions, the leading global stock exchanges by the number of listed companies are attracting new firms as investo...

October 13, 2022 No Responses

SEC At Gombe Investment Summit, Harps On Opportunities In Capital Market

Investors in Nigeria have been urged to explore the various opportunities available in the capital market in a bid to grow their businesses, create wealth and improve their standards of living. Director General of Securities and Exchange Commission...

October 12, 2022 No Responses

FG Confers National Honour On 450 Nigerians, Foreigners

The Minister of Special Duties and Intergovernmental Affairs, Sen. George Akume, said 450 out of over 5, 000 nominees received the 2022 National Honours Awards for their various contributions in the country. Akume said this in his address of welcome...

October 11, 2022 No Responses

Nigeria Decries Low Trade Level With Egypt

Nigeria on Monday decried her low level of trade with Egypt, two economic powers on the African continent. Nigeria’s ambassador to the northern African country, Malam Nura Rimi, noted that statistics showed that notwithstanding the sizes of the two eco...

October 10, 2022 No Responses

SEC Nigeria, Ghana Renew Market Development Partnership

As part of measures to encourage market integration and provide better opportunities for the economic prosperity of Nigeria and Ghana, the Securities and Exchange Commissions of both countries have signed a renewed Memorandum of Understanding. Speaking dur...