City BusinessNews Archives — Page 199 of 403

July 31, 2022 No Responses

ABCON Urges CBN To Float Naira

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...

July 31, 2022 No Responses

FRSC Appoints Hafiz Mohammed As Principal Staff Officer To Corps Marshal

The Federal Road Safety Corps (FRSC) has deployed Kaduna State Sector Commander, Mr Hafiz Mohammed, to headquarters in Abuja as Acting Principal Staff Officer to the newly appointed Corps Marshal, Dauda Ali Biu Already, Mohamme...

July 30, 2022 No Responses

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion. In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...

July 30, 2022 No Responses

Unity Bank Posts N27.6b Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30. According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...

July 29, 2022 No Responses

FG Sets To Implement 5% Excise Duty On Telecom Services

Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the Federal Government plans to implement a five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planni...

July 27, 2022 No Responses

Presco Shareholders Get N7.5b Dividend For 2021

By Moses Ebosele, ebosele@hotmail.com — For the financial year ended December 31, 2021, shareholders of Presco Plc, on Wednesday, approved payment of 660kobo per share final dividend, amounting to N6.6Billion. This brought the tota...

July 26, 2022 No Responses

NIMASA Inaugurates Expert Team On Maritime Security, Strategy

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has inaugurated the Expert Level Planning Team (ELPT) of the Agency to draft the National Maritime Security Strategy (NMSS) to sustain the Agency’s succe...

July 25, 2022 No Responses

Kogi: Bread To Cost More As Bakers Call-Off Strike

Kogi Master Bakers called off their strike Sunday midnight and resume work Monday, July 25 with hike in prices of bread. Chief Gabriel Bamidele-Adeniyi, Chairman, Association of Master Bakers and Caterers of Nigeria, Kogi Chapter, made the disclosure on ...

July 23, 2022 No Responses

TinCan Customs Generates N274.32b In Six Months

Between January and June 2022, the TinCan Island Port Customers Command generated N274.32 billion, an increase of 27.50 per cent when compared with N229.32 billion achieved in the corresponding period of 2021. Briefing Journalists on Friday, the comm...

July 23, 2022 No Responses

FG Reaffirms Nigerian Shippers’ Council As Port Economic Regulator

The Permanent Secretary, Federal Ministry of Transportation, Dr Magdalene Ajani, on Friday reiterated that the Nigerian Shippers’ Council (NSC) remained the only port economic regulator. Ajani made the pronouncement at the sensitisation seminar with th...

July 22, 2022 No Responses

CBN Partners UNILORIN On N600m Commercial Poultry Farm

The University of Ilorin (UNILORIN) in partnership with the Central Bank of Nigeria (CBN) has inaugurated an integrated commercial poultry farm with a N600 million loan. Prof. Sulyman Abdulkareem, the Vice Chancellor of the university, who spoke at the o...

July 22, 2022 No Responses

Shippers’ Council Wades Into APMT, MWUN Dispute

The management of the Nigerian Shippers’ Council (NSC) has appealed to striking dockworkers at APM Terminal to give the Council the necessary atmosphere to resolve contending issues. Executive Secretary, NSC, Emmanuel Jime, who led the management team dur...

July 20, 2022 No Responses

CBN Increases Benchmark Interest Rate To 14%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr...

July 18, 2022 No Responses

Unical Seeks NDDC, TETFUND Support To Build New Library

Vice Chancellor of the University of Calabar (Unical), has called on the Tertiary Education Trust Fund (TETFUND) to come to its aid in the construction of a new library for the institution. Prof. Obi, who spoke in an interview with...