City BusinessNews – Page 232 – City Business News

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 total dividends paid by the company for the...

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...

July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022. In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...

July 16, 2022 No Responses

Nigeria, EU Present Report On Maize Value Chain

The Nigerian Government and the European Union (EU) Delegation to Nigeria and ECOWAS, on Friday, presented a report on the value chain analysis study on maize. A statement issued on Friday explained that the collaboration was done between Nigeria’s Ministr...

July 15, 2022 No Responses

Oil Theft: NIMASA To Deploy Special Mission Aircraft

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has given assurances that two special mission aircrafts in the deep blue project fleet of the agency will be deployed to fight oil theft and protect...

July 13, 2022 No Responses

Clark Urges Buhari To Constitute NDDC Board

Elder Statesman and Ijaw leader, Chief Edwin Clark has appealed to President Muhammadu Buhari to constitute a substantive Board for the Niger Delta Development Commission (NDDC) without delay.Clark made the appeal when members of the Delta Central All Progress...

July 13, 2022 No Responses

Nigeria’s Crude Oil Production Averaged 1.238m bpd In June

Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022, the Organisation of the Petroleum Exporting Countries (OPEC) has said OPEC made this known in its Oil Market Report for July 2022...