City BusinessNews – Page 267 – City Business News

March 18, 2023 No Responses

Delta Raises Alarm Over Alleged Security Breach

Delta State Government on Friday alleged that certain individuals were planning to disrupt Saturday’s Governorship and House of Assembly elections in the state. The State Commissioner for Information, Mr Charles Aniagwu, raised the alarm on Friday at a press briefing...

March 18, 2023 No Responses

FIRS, UK Sign Capacity Building MoU

Nigeria’s Federal Inland Revenue Service (FIRS) has signed a Memorandum of Understanding (MoU) with the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) aimed at fostering improved collaboration on capacity building between the two tax aut...

March 17, 2023 No Responses

INEC Blacklists 100 Ad Hoc Staff Over Alleged Malpractices

INEC Resident Electoral Commissioner in Akwa Ibom, Dr Cyril Omorogbe, on Thursday, disclosed that the commission has delisted 100 ad hoc staff in the state over alleged involvement in election malpractices. Omorogbe, who made the disclosure in an intervie...

March 17, 2023 No Responses

Market Capitalisation Down By N313b

The equity market, on Thursday, extended its losing streak for the fifth successive session as the market capitalisation decreased by N313 billion due to investors’ continued profit-taking. The All Share Index (ASI) fell by 574.59 absolute po...

March 16, 2023 No Responses

Shell Lifts Force Majeure On Bonny Light Crude Exports

The Shell Petroleum Development Company of Nigeria Ltd., (SPDC), operator of the SPDC joint venture, has lifted the force majeure on Bonny export programme with effect from March 15, 2023. Mrs Bola Essien-Nelson, the Media Relations Manager of SPDC, confirmed....

March 16, 2023 No Responses

CRFFN Inaugurates ANLCA Board

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) on Wednesday inaugurated an eight-man Board of Trustees (BoT) for the Association of Nigerian Licensed Customs Agent (ANLCA). The inauguration of the BoT took place at the 1st Annual...

March 16, 2023 No Responses

INEC Begins Distribution Of Sensitive Materials In Lagos

The Independent National Electoral Commission (INEC) in Lagos State has commenced movement of sensitive materials to be used for Governorship and House of Assembly elections to various local government areas of the state. The News Agency of Nigeria (NAN) repor...

March 16, 2023 No Responses

NPA Receives 12 Ships With Petroleum Products, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday said 12 ships conveying petroleum products and other goods were expected at Lagos ports from March 15 to March 23, 2023. NPA listed items on board as bulk sugar, frozen fish, general cargo,...

March 16, 2023 No Responses

Kia Reveals Electric Flagship SUV

Kia Corporation on Wednesday revealed full images of the exterior and interior design of the Kia EV9, its first three-row electric flagship Sports Utility Vehicle (SUV), which encapsulates bold styling and sophisticated elegance inside and out. The Kia EV9 rep...

March 15, 2023 No Responses

OPEC Raises Chinese Oil Demand Growth Forecast

The Organization of Petroleum Exporting Countries (OPEC) on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the global total steady, citing potential downside r...

March 15, 2023 No Responses

Stock Market Investors Lose N36b

Investors on the stock market of the Nigerian Exchange (NGX) lost N36 billion at the close of trading activities on Tuesday. Specifically, the equity capitalisation which opened at N30.391 trillion, lost N36 billion to close at N30.355 trillion, representing a...

March 15, 2023 No Responses

Lassa Fever Deaths Rise To 109 In One Month

The Nigeria Centre for Disease Control and Prevention (NCDC) has disclosed that 22 states of the federation recorded 109 deaths from Lassa Fever in January 2023. The NCDC via its official website on Tuesday said the infections were recorded in...

March 15, 2023 No Responses

Daewoo Wins $517m Contract For Two LNG Carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a construction order for two LNG carriers. The shipbuilder disclosed on the stock exchange that the company behind the order was a shipowner from Oceania, without revealing th...

March 13, 2023 No Responses

Aramco Declares $161b Profit For 2022

Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes. It represents a 46.5% rise for the state-owned company, compared with last year. It is the latest energy...