City BusinessNews – Page 235 – City Business News

April 11, 2022 No Responses

NAFDAC Alerts On Recall Of Continental Mills Buttermilk Pancake, Waffle Mix

The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the general public that Continental Mills is recalling a single lot of Great Value Buttermilk Pancake and Waffle Mix, due to a potential foreign material contamination. The...

April 11, 2022 No Responses

NSML Gets First Sub-Saharan African Terminal Environmental Certification

NLNG Ship Management Limited (NSML), manager of the Nigeria LNG Limited (NLNG) Bonny Terminal, has achieved the terminal’s Ecoport Port Environmental Review System (PERS) certification, making it the first certification of its kind in any port in Sub-Saharan...

April 11, 2022 No Responses

Fidelity Bank Takes Non-Oil Exports Campaign To North Central

Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. ...

April 9, 2022 No Responses

CBN To Begin Payment Of N65 Rebate To Exporters

The Central Bank of Nigeria (CBN) is to begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter. CBN Governor, Godwin Emefiele, said this shortly...

April 8, 2022 No Responses

LNG Carrier: CoolCo Completes Acquisition From Golar

The newly formed shipping company, CoolCo has completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG. Cool Company disclosed that it completed the last two acquisitions of eight modern LNG tankers from Golar LNG on Apri...

April 8, 2022 No Responses

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...

April 8, 2022 No Responses

SEC Concludes ISA Review

April 8, 2022 No Responses

IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others

The Board of the International Organization of Securities Commissions (IOSCO) is publishing its report on corporate bond markets – drivers of liquidity during COVID-19 induced market stresses and invites stakeholder feedback on the analysis. &...

April 7, 2022 No Responses

Okomu Oil Sets Aside N7b For 2021 Dividend

For the 2021 financial year, the board of Okomu Oil Palm Plc has concluded plans to reward shareholders with a dividend payout of N7.6 billion, translating to an N8 per share. In a notice to the NGX ON Wednesday, Okomu Oil...

April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. ...

April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond

By Moses Ebosele, ebosele@hotmail.com — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...

April 5, 2022 No Responses

Senate Extends 2021 Budget Implementation To May 31

The Senate has extended the implementation of 2021 budget from March 31 to May 31.This followed the consideration of a bill to Amend the 2021 Appropriation Act. The Senate before considering the bill suspended Rule 78(1) of the Senate Standing...

April 5, 2022 No Responses

OPGAN: Nigeria Needs $500m Palm Oil To Meet Local Demands

The Oil Palm Growers Association of Nigeria (OPGAN), on Monday, said $500million worth of palm oil was needed to meet local demands of the commodity annually. The National President of OPGAN, Chief Joe Onyiuke, said this at a town hall meeting...

April 4, 2022 No Responses

SEC Nigeria Holds First CMC Meeting In 2022

The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday April 6, 2022.The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital market...