City BusinessNews – Page 269 – City Business News

March 7, 2023 No Responses

Brazil, Luxembourg Join International Chamber Of Shipping

The International Chamber of Shipping (ICS), representing over 80% of the world’s merchant fleet, has announced FEDIL Shipping, Luxembourg and the Brazilian Association of Cabotage Owners as affiliate members of the associations. FEDIL Shipping acts as the shipowners’ association in...

March 6, 2023 No Responses

Nigeria, India Sign MoU On Meteorological Science Research

Nigeria and India have signed a Memorandum of Understanding (MoU) on collaboration in the conduct of meteorological science, technical research and development. A statement issued on Sunday by Mr James Odaudu, the Special Assistant on Public Affairs...

March 6, 2023 No Responses

INEC Seeks Permission To Reconfigure BVAS

The Independent National Electoral Commission (INEC) is to approach Appeal Court on Monday for an order to allow it to reconfigure its Bimodal Voter Accreditation System (BVAS) for the March 11 state elections. A credible source in the commission hinted...

March 6, 2023 No Responses

NDLEA Intercepts 778,190 Pills Of Tramadol, Others

The National Drug Law Enforcement Agency (NDLEA) has Intercepted 778,190 pills of pharmaceutical opioids including tramadol from suspects in Taraba and other states. Director, Media and Advocacy, NDLEA, Mr Femi Babafemi, in a statement on Sunday explained that...

March 5, 2023 No Responses

MOMAN Tasks Downstream Operators On Automation

The Major Oil Marketers Association of Nigeria (MOMAN) on Saturday urged operators in the Nigerian downstream sector to ensure automation of their services. According to the body, their services being automated will help them on data generation, improve produc...

March 4, 2023 No Responses

Dangote Sugar Declares N82.3b Profit For 2022

For the year 2022 ended December 31, 2022, Dangote Sugar Refinery Plc has reported a Profit Before Tax (PBT) of N82.3 billion, indicating an increase of 142 per cent to N48.28 billion over N34 billion recorded in the corresponding period...

March 4, 2023 No Responses

Bello-Koko: Tincan Port Fencing Will Enforce Automated Access Control Gate Usage

The Nigerian Ports Authority (NPA) on Friday said that the concrete fencing of Tincan Port would help enforce the usage of the automated access control gate. Mr Mohammed Bello-Koko, Managing Director, NPA, said this during a tour of the Tincan...

March 4, 2023 No Responses

Market Capitalisation Down By N77b

Trading activities on the Nigerian Exchange (NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249...

March 4, 2023 No Responses

Naira Loses Further To Dollar By 0.08%

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further depreciation by 0.08 per cent, compared with the N461.40 which it exchanged to the dollar on Thursday. The open indicative...

March 3, 2023 No Responses

NGX Group Declares N6.17b Revenue For 2022

The Nigerian Exchange Group Plc has recorded a revenue of N6.17 billion in its audited financial statement, ended December 31, 2022. The Group explained on Thursday that the figure represents an increase of 6.8 per cent Year-on-Year (YoY) when compa...

NGX: Ugochi Obi Makes WFE <strong>Women Leaders List For </strong>2023

March 3, 2023 No Responses

NGX: Ugochi Obi Makes WFE Women Leaders List For 2023

By Moses Ebosele, ebosele@hotmail.com — The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023. City Business News reports that the WFE...

March 3, 2023 No Responses

WFE Women Leaders: Profile Of Ugochi Obi, Head, X-Academy, NGX

The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023. Information made available to the WFE website explained that the X-Academ...

March 2, 2023 No Responses

Aisha Buhari Confident Of Tinubu’s Ability To Deliver

The wife of the President, Mrs Aisha Buhari, has expressed confidence on the ability of Nigeria’s President-Elect, Bola Tinubu, to deliver a country where unity, peace and progress is sustained. In a congratulatory message, which she personally signed ...

March 2, 2023 No Responses

Naira Gains 0.14% At Investors, Exporters Window

Naira exchanged at N461.35 to the dollar at the Investors and Exporters window on Wednesday. The rate represented an appreciation by 0.14 per cent compared with the N462 for which it exchanged to the dollar on Tuesday. The open indicative...