City BusinessNews Archives — Page 222 of 322

March 18, 2020 No Responses

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated, Adenike Laoye explained that Dr. Georges...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....

March 17, 2020 No Responses

Senate Mulls Downward Review Of 2020 Budget

The Senate on Tuesday said it may consider a downward review of 2020 budget of N10.5 trillion passed by the National Assembly and assented by President Muhammadu Buhari.The Senate resolution followed adoption of recommendations of its joint committees on Finan...

March 17, 2020 No Responses

Akeredolu To Inaugurate Jimoh Ibrahim’s Varsity

Governor Oluwarotimi Akeredolu of Ondo State will, on March 21, inaugurate University of Fortune, established by a business mogul, Chief Jimoh Ibrahim.The News Agency of Nigeria (NAN) reports that the new institution is located at Igbotako in Okitipupa Local G...

March 17, 2020 No Responses

Jollof Rice Takes Centre Stage As VASCORP, RIFAN Explain Support For Junior Chef Competition In Kano

Winners have emerged in the just concluded Indigenous Rice Junior Chef Competition in Kano State.The cooking competition for kids aged between 12 to 15 years was organised by the Kano chapter of Rice Farmers Association of Nigeria (RIFAN) and supported...

March 17, 2020 No Responses

CBN Creates N50bn Fund, Cuts Rates On Loans

The Central Bank of Nigeria (CBN) Monday cut interest rates on all applicable CBN intervention facilities from 9 to 5 percent per annum for one year effective March 1, 2020. The apex Bank also granted a further moratorium of one...

March 17, 2020 No Responses

Hyundai Receives 14,000 Bookings For New Creta SUV

Hyundai Motor has unveiled the new Creta SUV for the India market. The automaker disclosed on Monay that it has received more than 14,000 bookings for the new Creta in less than 15 days. According to Hyundai, 50 percent of the bookings...

March 17, 2020 No Responses

Heritage Bank, GEZAWA Seal Agric Partnership

Heritage Bank Plc, the lead settlement bank for Gezawa Commodity Market (GCMX) in collaboration with key stakeholders is to revolutionise agricultural value-chain as part of measures to provide fully integrated ecosystem for commodity Exchange. A statement exp...

March 17, 2020 No Responses

Cosmas Maduka Bags Multiple Awards

Credible recognitions came the way of the founder of the respected wholly owned Nigerian conglomerate, Coscharis Group, Dr. Cosmas Maduka recently when he was honoured on three different platforms in his capacity as an entrepreneur per excellence. A statement ...

March 16, 2020 No Responses

Maritime Stakeholder Laud New NIMASA Management

More stakeholders in the maritime industry have commended the new executive management team appointed by President Muhammadu Buhari for the Nigerian Maritime Administration and Safety Agency (NIMASA) led by Dr. Bashir Jamoh. According to the Stakeholders...

March 16, 2020 No Responses

NEITI: Nigeria Earns N69.47b From Solid Minerals Sector In 2018

Nigeria earned N69.47 billion from the Solid Mineral sector in 2018, the Nigeria Extractive Industries Transparency Initiatives ( NEITI), has disclosed. NEITI disclosed this in its latest audit report of the solid minerals sector released on Sunday in Ab...

March 16, 2020 No Responses

Full Text of Tinubu’s Statement On APC crisis

By Asiwaju Bola Tinubu — Due to alert responses of Lagos and Ogun state governments, actively supported by the federal machinery, Nigeria was able to quickly identify and isolate the two cases of the novel Coronavirus 19. This action, thus...

March 16, 2020 No Responses

SEC Capital Market Institute Expands Operations

As part of measures to provide excellent capital market education to stakeholders, the Nigerian Capital Market Institute (NCMI) is to operate from three centres. This was stated by acting Director-General of the SEC, Ms. Mary Uduk during a meeting with...

March 15, 2020 No Responses

Container Lines May Lose 17m TEU In 2020

It can no longer be ruled out that the container shipping industry might be looking at developments similar to the financial crisis of 2008, SeaIntelligence said, referring to the impact of the coronavirus pandemic. “This implies a potential volume loss...