City BusinessNews Archives — Page 198 of 403

August 13, 2022 No Responses

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...

August 12, 2022 No Responses

NPA Receives 21 Ships With Petroleum Products, Frozen Fish, Wheat, Others

The Nigerian Ports Authority (NPA) on Thursday disclosed that 21 ships are expected to arrive at the port from Aug. 11, 2022 According to NPA in its daily Shipping Position, the ships are expected to arrive at the Lagos Port...

August 10, 2022 No Responses

Cocoa Farmers Task FG, SON On Pesticides Regulation

Cocoa farmers in Cross River, have appealed to the Federal Government to tackle the influx of fake and substandard pesticides into the country. The farmers under the aegis of the Cocoa Association of Nigeria (CAN), Cross River chapter, gave the...

August 10, 2022 No Responses

Broadband Penetration Hits 44.5% As NCC Reviews Short Code Services

Nigeria’s broadband usage has continued on the rise, moving up from 40.9 per cent in February 2022 to 44.5 per cent in July 2022, a figure considered hopeful for achieving the national broadband target of 70 per cent in 2025. ...

August 9, 2022 No Responses

Sokoto Secures N4b Loan For 16,000 Farmers

The Sokoto State Government has secured a N4 billion loan to be distributed to 16,000 rice, wheat and tomato farmers in the state.Gov. Aminu Tambuwal disclosed this on Monday in Sokoto, while launching the sale of 10,000 metric tons of...

August 9, 2022 No Responses

‘Benin River Port’ll Ease Congestion of Lagos Ports, Enhance Economic Growth‘

Benin River Port, on completion, will ease the congestion being experienced daily at the various ports in Lagos, Edo State Governor, Mr. Godwin Obaseki, reiterated on Monday. Addressing delegates at the panel review exercise on the Environmental an...

August 6, 2022 No Responses

Nigerian Shippers‘ Council Assures Kano Business Communities Of Timely Delivery Of Goods

The Executive Secretary of the Nigerian Shippers Council (NSC), Emmanuel Jimeh has assured the Kano business communities of timely and door-step delivery of goods. Speaking at the designation of Dala Inland Dry port as an import and export bas...

August 6, 2022 No Responses

Management Debunks Sale Of Polaris Bank

The management of Polaris Bank has denied the purported sale of the bank by the Central Bank of Nigeria (CBN) to a private individual for N40 billion. In a statement on Friday, the Bank said such speculative publication was a...

August 6, 2022 No Responses

Investors Recover N81b As Equity Market Closes Positive

Trading activities at the Nigeria equity market closed in a positive posture, as investors raked in N81.01 billion gain on Friday. Similarly, the gain made the market capitalisation close at N27.358 trillion from N27.276 trillion recorded on Thursday.&nb...

August 3, 2022 No Responses

FG Inaugurates National Cocoa Management Committee

The Federal Government on Tuesday inaugurated the National Cocoa Management Committee (NCMC), to tackle some of the challenges in the cocoa sector. Speaking at the inauguration of the 11-man Committee on National Cocoa Management, in Abuja, the Minister ...

August 3, 2022 No Responses

Dakio: Palm Oil, Key To Economic Prosperity In Niger Delta

Interim Administrator, Presidential Amnesty Programme in the Niger Delta, Retired Col. Milland Dikio has challenged youths in the region to exploit opportunities in the oil palm business. Addressing a workshop in Yenagoa organised by a group of ex-agitators...

August 2, 2022 No Responses

DMO Lists Additional FGN Savings Bonds

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit. DMO explained on Monday in Abuja that the first offer is a...

August 1, 2022 No Responses

NIMASA, NITT Seal MoU On Research, Training

The Nigerian Maritime Administration and Safety Agency (NIMASA) have signed a Memorandum of Understanding (MoU) with the National Institute of Transport Technology (NITT), Zaria, on research and training toward enhancing maritime safety and security in Nigeria...

August 1, 2022 No Responses

Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months

For the first half of the year ended June 30, 2022, Nigerian Breweries Plc attained revenue of N274.03 billion, representing a growth of 31 per cent when compared with N209.22 billion posted in the preceding period of 2021. A statement issued...