City BusinessNews – Page 232 – City Business News

May 12, 2022 No Responses

Airtel Africa Records 82% Profit Growth

Airtel Africa Plc.’s profit before tax grew by 82 per cent to 755 million dollars in the financial year ended March 31, compared to the corresponding period in 2021. The company stated in Lagos on Wednesday that the strong growth resulted...

May 11, 2022 No Responses

Mokelu Joins APC Presidential Race As 28th Aspirant

Chief Ikeobasi Mokelu, on Tuesday in Abuja, picked the All Progressives Congress (APC) Expression of Interest and Nomination forms to contest its 2023 presidential ticket with other aspirants. The News Agency of Nigeria (NAN) reports that Mokelu, who was the.....

May 7, 2022 No Responses

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...

May 6, 2022 No Responses

AfDB Secures $15.6b For Lagos-Abidjan Highway Construction

The president, African Development Bank (AfDB), Dr Akinwumi Adesina says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agenc...

May 5, 2022 No Responses

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022. Chief Executive Officer, Dangote Cement,...

May 4, 2022 No Responses

Edo MSMEs Can’t Afford N40,000 Minimum Wage, Says BENCCIMA

Micro, Small and Medium Scale Enterprises (MSMEs) in Edo State will find it challenging to pay N40,000 minimum wage, the Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA) has said. The State Governor, Godwin Obaseki on May ...

May 4, 2022 No Responses

5G Spectrum: NCC Issues Final Letters Of Licence Awards to MTN, Mafab Communications

The Nigerian Communications Commission (NCC) on Wednesday confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5GHz spectrum auction conducted by the Commission on Mon...

May 3, 2022 No Responses

Late Ajimobi’s Son Declares Interest In Oyo Assembly Seat

Mr Idris Abiola-Ajimobi, son of the late Gov. Abiola Ajimobi of Oyo State, on Tuesday declared his interest to contest the Ibadan South-West State Constituency II seat on the platform of All Progressives Congress (APC) in 2023 elections. Abiola-Ajimobi made...

May 3, 2022 No Responses

Access Bank Promotes 800 Staff

Access Bank Plc has announced the promotion of 800 employees following performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, explained in a statement that bene...

May 1, 2022 No Responses

Workers’ Day: Association Urges School Owners To Review Employment Conditions

The National Association of Proprietors of Private Schools (NAPPS) has urged private school owners and investors to make necessary reviews of their employment terms and conditions. The National President of NAPPS, Mr Yomi Otubela, said this in...

May 1, 2022 No Responses

May Day: NLC Seeks Security, Good Governance, Peace

The Nigeria Labour Congress (NLC) has called for peace, stability, security and good governance as workers mark this year’s International Workers Day on May 1. The NLC President, Mr Ayuba Wabba, told Journalists on Saturday in Abuja, that peace, stabil...

May 1, 2022 No Responses

Indians In Nigeria Laud Inauguration of Nigeria-India Business Council

Indians in Nigeria have expressed excitement over the newly inaugurated Nigeria-India Business Council designed to further strengthen the bilateral relations between the two countries. General Secretary of the Afro Asian Initiative for Community Developm...

April 30, 2022 No Responses

Nestlé Nigeria Attains N18b Profit In Three Months

By citybusinessnews@yahoo.com — For the first quarter ended March 31, 2022, Nestle Nigeria Plc has declared profit after tax of N 18.0 billion. According to the unaudited financial statements, the company recorded a revenue of N 110.2 billion ...

April 30, 2022 No Responses

MTN Nigeria Shareholders Get N13.12b Dividend For 2021

For the year 2021, MTN Nigeria Communications Plc paid N13.12 billion as dividends to shareholders. Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding. The statement also in...