City BusinessNews Archives — Page 217 of 370

June 25, 2020 No Responses

Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC) which took effect...

June 25, 2020 No Responses

Toyota Explains $293m Stake In Uber

Toyota Motor Corp holds a $293 million stake in Uber Technologies, as it partners with the ride-hailing company to further expand into new mobility services, Toyota’s latest corporate governance report has revealed.The Japanese automaker has al...

June 25, 2020 No Responses

Ajimobi’s Death Painful, Says Babatope

A chieftain of the Peoples Democratic Party (PDP), Chief Ebenezer Babatope on Thursday said he is saddened by the death of former Governor of Oyo State, Sen. Abiola Ajimobi. Babatope, also former Minister of Transportation, gave the reaction in a...

June 25, 2020 No Responses

NLNG Spotlights Seafarers Scheme,100% Nigerianisation Of Fleets

By citybusinessnews@yahoo.com — On 25 June every year, seafarers are celebrated for keeping the global economy rolling despite various challenges. With the global fight against the COVID-19 pandemic, the services seafarers provide according to...

June 24, 2020 No Responses

Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019

Nigerian Breweries shareholders have approved N16.1 billion as dividend for the financial year ended December 31, 2019, translating to N2.01 per share.. Chairman of the company,Chief Kola Jamodu in a statement on Wednesday explained that the approval was sec...

June 24, 2020 No Responses

Berger Paints Declares N3.59b Revenue, N448.7m Profit In 2019

For the year ended December 31, 2019, Berger Paints Nigeria Plc recorded a revenue of N3.59 billion as against N3.3 billion attained in the preceding year, an increase of six per cent. Also, gross profit for the year grew by...

June 24, 2020 No Responses

Borno Appoints New Heads For Maiduguri Flour Mills, Borno Express

Governor Babagana Zulum of Borno State has approved the appointment of Mr Mohammed Bukar as General Manager, Maiduguri Flour Mills. Spokesman for the Governor, Malam Isa Gusau in a statement on Wednesday explained that Zulum has also approved the appointment.....

June 24, 2020 No Responses

Court remands Two Cousins Over Alleged Murder Of Maersk MD’s Wife

An Igbosere High Court in Lagos on Wednesday remanded two cousins: Olamilekan Goke and Akande Adeyinka, at the Ikoyi Correctional Centre over alleged rape and murder of the 44-year-old Mrs Bernadetta Tohouo-Tohouo. The Hungarian is the wife of Mr Gildas...

June 24, 2020 No Responses

NSE Market Capitalisation Drops Further By N50b

Weak sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) on Wednesday with the indices extending loses for the fifth consecutive trading session. Consequently, the key performance indices dropped further by 0.38 per cent due to sell-off...

June 24, 2020 No Responses

Adamawa Earmarks N550m Fertilizer For 2020 Farming Season

The Adamawa Government has earmarked the sum of N550 million to buy fertilizer for the 2020 farming season. The Commissioner for Information and Strategy, Mr Umar Pella, disclosed this shortly after the State Executive Council’s ...

June 24, 2020 No Responses

Delta Seaports To Receive Seven Vessels Laden With Diesel, General Cargoes

Seven ships conveying diesel and other items are expected at the Delta Seaports between June 25 and June 30, 2020. In its daily publication, ‘Shipping Position’, Nigerian Port Authority (NPA) on Wednesday explained that the vessels include MT Tornado...

June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...

June 24, 2020 No Responses

NPA To Receive 20 Ships Laden With Petroleum Products, Frozen Fish, Wheat, Others At Lagos Seaport

The Nigerian Ports Authority (NPA) is expecting 20 ships laden with petroleum products, food items and other goods from June 23 to July 7. NPA in its publication, `Shipping Position’, explained that the ships are expected to arrive Lagos Port...

June 24, 2020 No Responses

Ghana Apologises To Nigeria, Probes Demolition Of Mission Building

The President of Ghana, Nana Akufo-Addo, has sent apologies to President Muhammadu Buhari over the demolition of a building in the premises of the Nigerian High Commission in Accra, Ghana. Mr Ferdinand Nwonye, spokesperson for the Ministry of Foreign Affairs,....