City BusinessNews – Page 231 – City Business News

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 and Social Impact...

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...

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...