City BusinessNews – Page 233 – City Business News

June 8, 2022 No Responses

Nigeria Targets 500,000t Of Cocoa Production By 2024

The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, has reiterated the commitment of the Federal Government to increase Nigeria’s cocoa production from the present 340,000 tonnes to 500,000 tonnes by 2024. A statement issued by Mr Mohammed Gana,...

June 8, 2022 No Responses

FirstBank Partners ELOY Foundation To Empower Women Entrepreneurs

First Bank of Nigeria has brokered a partnership with ELOY Foundation to create a business shower initiative that will support female entrepreneurs. The bank made this known on Tuesday in a statement issued by Mrs Folake Ani-Mumuney, Group Head, Marketing...

June 7, 2022 No Responses

TAJBank Explains N100b Maiden Sukuk Offering For Private Sector

TAJBank Limited, Nigeria’s leading non-interest bank, is set to launch Nigeria’s first private sector Sukuk offering valued at N100 billion. According to a statement by the bank’s Managing Director, Mr Hamid Joda, the Sukuk offering is currently un...

June 7, 2022 No Responses

Presco Tasks Oil Palm Stakeholders On Research, Smallholder Farmers

By Moses Ebosele, ebosele@hotmail.com — The Managing Director, Presco Plc, Felix Nwabuko, on Monday, appealed to Oil Palm Stakehoders and Government Agencies to support sustained research as part of measures to boost expansion and e...

June 6, 2022 No Responses

SEC Proposes Unique Identifiers For Capital Market Participants

To curtail fraud in the capital market and reduce the quantum of unclaimed dividends, the Securities and Exchange Commission (SEC) has concluded plans to give capital market participants unique identifiers. According to SEC, this formed part of ongoing...

June 6, 2022 No Responses

Shareholders Laud NASCON’s N2.97b Net Profit In 2021

National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd., recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021. A statement issue...

June 5, 2022 No Responses

DMO Lists Two New FGN Bonds

The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year savings bond maturing on June 15, 2024, at an...

June 4, 2022 No Responses

Access Bank Reiterates Support For Entrepreneurs, Small Businesses

Access Bank Plc has pledged to fund entrepreneurs, and create market access for small businesses across the country. A statement by the Deputy Managing Director of the bank, Mr Victor Etuokwu, on Friday, said the bank remained resolute in its...

June 2, 2022 No Responses

Okomu Oil Tops Loser’s Table As Market Capitalisation Drop By 9billion

Bearish sentiment continued at the Nigerian stock market on Wednesday following sell-off in Okumu Oil and Fidelity Bank stocks. Specifically, the market capitalisation lost N9 billion or 0.03 per cent to close at N28.558 trillion from N28.567 trillion on...

June 1, 2022 No Responses

Market Capitalisation Loses N422b

The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday. The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points....

June 1, 2022 No Responses

Nigeria’s Crude Oil Production Increases By 70,000bpd

Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil...

May 31, 2022 No Responses

Adeboye Inaugurates Premium Trust Bank

General Overseer of Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, on Monday, inaugurated a branch of Premium Trust Bank in Asaba, Delta State. The News Agency of Nigeria (NAN) reports that Adeboye, who was the Special Guest, w...

May 30, 2022 No Responses

Okomu Oil Shareholders Get N7.6b Dividend For 2021

By citybusinessnews@yahoo.com — For the year ended December 31, 2021, Okomu Oil Palm Company Plc has rewarded shareholders with N8 per share dividend, amounting to N7.6billion. Within the period, the company recorded profit after tax of N11.54 billion...

May 29, 2022 No Responses

FBNHoldings Declares N757b Revenue, N166.7b Profit Before Tax In 2021

For the year ended December 31st, 2021, FBN Holdings Plc has attained 28.2% increase in gross revenue to ₦757.3 billion and profit before tax of ₦166.7 billion, an increase of 99.9%.&...