City BusinessNews Archives — Page 200 of 370

July 31, 2020 No Responses

Ekpeyong Emerges Akwa Ibom PDP State Chairman

The Peoples Democratic Party (PDP) in Akwa Ibom has elected a new State Executive Committee (SEC) of the party, headed by Mr Udo Ekpenyong. The election, which was held on Thursday at the Godswill Akpabio International Stadium, Uyo, was attended...

July 31, 2020 No Responses

APC Rejects Creation Of 39 New Political Wards In Akwa Ibom

The All Progressives Congress (APC) in Akwa Ibom has rejected the creation of 39 new political wards by the State Independent Electoral Commission, saying that it has no powers to do so. A statement by the party’s State Publicity Secretary,...

July 31, 2020 No Responses

Akeredolu Seeks Low Key Eid-el-Kabir Celebration

Governor of Ondo State, Oluwarotimi Akeredolu has urged Muslims in the state to ensure a low key Eid-el-Kabir celebration while observing all safety protocols against COVID-19. In a statement on Thursday, Chief Press Secretary. Mr Olusegun Ajiboye, explained t...

July 31, 2020 No Responses

Revamped National Theatre To Create 8,000 Jobs On Completion

The National Arts Theatre handed over to the Central Bank of Nigeria (CBN) for rehabilitation, will generate no less than 8000 jobs upon completion, the Minister of Information and Culture, Lai Mohammed has said. . The minister stated this on ...

July 30, 2020 No Responses

Nigeria, Israel Seal Bilateral Agreement On Green Energy

The State of Israel and Nigeria on Wednesday signed bilateral agreement in the field of green energy development. The agreement was the outcome of a closed door meeting between Mr Yotam Kreiman, Deputy Head of Israeli Mission to Nigeria, Dr...

July 30, 2020 No Responses

Workers Faults Renaming Of Waziri Mohammed Rail Station

The Nigeria Union of Railway Workers on Wednesday urged the Federal Government to reverse the renaming of Waziri Mohammed Rail Station, Apapa. The Minister of Transport, Rotimi Amaechi had recently named Rail Stations across the country after...

July 29, 2020 No Responses

Seplat Posts $234m Revenue In Six Months, To Drill Two Gas Wells

For the six months ended June 30, 2020, Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE) on Wednesday announ...

July 29, 2020 No Responses

FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months

FBN Holdings Plc on Wednesday announced its unaudited results for the six months ended June 30, 2020. The financial institution declared gross earnings of ₦296.4 billion, up 5.8% when compared to the previous year of ₦280.3 billion...

July 29, 2020 No Responses

World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others

The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in Nigeria. A statement from the bank in Abuja on Wedne...

July 29, 2020 No Responses

Nigeria Confirms 624 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC), has announced 624 new Coronavirus cases in the country as total infections from the virus increased to 41, 804. According to NCDC, Lagos, the nation’s epicentre, reported 212 new cases, while Oyo reported...

July 29, 2020 No Responses

Maersk Unveils Digital Supply Chain Management Platform

Maersk is launching a digital platform that aims to assist small and medium-sized companies to manage and simplify their supply chains. The platform will strengthen the company’s position as a global integrator of container logistics, Maersk said.&nbsp...

July 28, 2020 No Responses

NASCON’s Shareholders Laud Prompt Dividend Payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has applauded the company for improved performance and dividend declared in 2019. The shareholders also urged the food seasoning company to expand its market share ...

July 28, 2020 No Responses

Mitsubishi Stops Production Of Pajero SUV, Forecasts $1.33b Loss

Mitsubishi Motors Corporation on Monday projected an operating loss of 140 billion yen ($1.33 billion) in the year to March as the automaker battles a fall in demand for cars due in part to the coronavirus pandemic. Under the a...

July 27, 2020 No Responses

Lagos Implores Farmers On Export Opportunities, e-Commerce

The Lagos State Government is to set up an e-commerce hub for farmers and producers in the state. According to the State Government, the proposed hub is expected to help farmers produce in hygienic condition for export purposes.The State Acting...