City BusinessNews Archives — Page 194 of 403

October 9, 2022 No Responses

Customers Laud AIICO Insurance’s Annuity Policy

Annuity policyholders of AIICO Insurance Plc, have lauded the company for its excellent and satisfactory services. In a statement issued on Saturday, the company’s spokesman, Mr Segun Olalandu, explained that the underwriter marked the 2022 Customer Service Week with the...

October 3, 2022 No Responses

Farmer Decries High Cost Of Fish Feeds

An Akure-based fish farmer, Mr Lanre Adekunle, has lamented the high cost of fish feeds. Adekunle started his fish farm after benefitting from a training and empowerment programme of the International Fund for Agricultural Development (IFAD)/ Livelihood ...

October 2, 2022 No Responses

NNPC Acquires OVH Energy Marketing Assets

The Nigerian National Petroleum Company Limited (NNPC LTD.) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. Unveiling the acquisition on Saturday in Abuja, Sen. M...

September 30, 2022 No Responses

Shippers’ Council Boss Lauds Ministry On World Maritime Day, Highlights New Technologies, Implications

By Moses Ebosele, ebosele@hotmail.com — The Executive Secretary, Nigeria Shippers’ Council (NSC), Emmanuel Jime has commended the Federal Ministry of Transportation for putting together the 2022 World Maritime Day celebration in Nigeria. &nbsp...

September 30, 2022 No Responses

Elumelu Proposes N50m Capital Base For Insurance Brokers

Chairman, Heirs Holdings, Tony Elumelu, on Thursday proposed N50 million as a capital base for insurance broking firms operating in Nigeria. Elumelu, also founder, Tony Elumelu Foundation, said this at the 60th Anniversary Colloquium of the Nigerian Counc...

September 29, 2022 No Responses

FG Approves N580.5m For Armoured Vehicles To Fight Drug War

The Federal Executive Council (FEC)has approved N580.5 million for the procurement of four armoured vehicles to fight dangerous and illicit drugs by the National Drug Law Enforcement Agency (NDLEA). Minister of Justice and Attorney General of the Federat...

September 29, 2022 No Responses

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday. Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...

September 29, 2022 No Responses

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. ...

September 28, 2022 No Responses

Lagos Disburses N1.56b As Grants To 3,673 Businesses

Lagos State Government through the state Employment Trust Fund has supported 3,673 businesses with the sum of N1.56 billion as grants. Gov. Babajide Sanwo-Olu of Lagos State made this known at the Lagos Chamber of Commerce and Industry (LCCI)/Lagos Economic....

September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95 per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...

September 28, 2022 No Responses

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Keb...

September 28, 2022 No Responses

Sterling Positions For Expansion With New Structure

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholde...

September 27, 2022 No Responses

Fidelity Bank, SMEDAN, Seal SMEs MoU

In what has been termed a major move to bridge the gap in helping small businesses access much-needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency...

September 27, 2022 No Responses

SON Impounds Substandard, Adulterated Wines In Ebonyi

The Standards Organisation of Nigeria (SON) has impounded substandard and adulterated alcoholic and non-alcoholic wines within the Abakaliki metropolis in Ebonyi State. A statement issued on Monday by the Head of Public Relations, SON South-East Regional...