City BusinessNews – Page 271 – City Business News

February 24, 2023 No Responses

Banking Stocks Lift Market Capitalisation By N180b

The equity market on the Nigerian Exchange Ltd. (NGX) gained further on Thursday as it recorded N180 billion gains, following investors interest in Tier-one banking stocks. The market capitalisation gained N180 billion or 0.61 per cent to close at N29.768...

February 23, 2023 No Responses

Apapa Customs Handover 20 Cartons Of Tramadol To NDLEA

The Nigeria Customs Service (NCS), Apapa Area Command, has handed-over 20 cartons of hard drugs to the National Drug Law Enforcement Agency (NDLEA), in Lagos. The drugs were concealed as sweets in a 40ft container, while the consignee had declared...

February 23, 2023 No Responses

SEC Partners Pencom On Commodities Sector

The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with the National Pensions Commissions (Pencom) as part of measures to further deepen the commodities ecosystem. Director General of SEC, Lamido Yuguda stated this wh...

February 22, 2023 No Responses

Oil Theft: Presidential Panel Urges Stiffer Penalties

The Federal Government’ Special Investigative Panel on Oil Theft/Losses has called for deliberate conversations to drive legal reforms that would provide stiffer penalties. The Chairman of the Panel, retired Maj.-Gen. Barry Ndiomu, made the call in his...

February 22, 2023 No Responses

NLNG Begins Phase Two Of Hospital Support Programme

February 22, 2023 No Responses

NIMASA Photo News:

The Nigerian Maritime Administration and Safety Agency (NIMASA) participated at the International Maritime Organisation (IMO) 7th Green Shipping Conference with the theme “Unlocking Opportunities for Green Shipping in Africa”, in Ghana.&nbsp...

February 21, 2023 No Responses

ITF Disburses N24bn As Allowances

The Director-General of the Industrial Training Fund (ITF), Mr Joseph Ari, has disclosed that more than N24 billion has been disbursed by the fund as students and supervisors’ training allowances from 2016 to date. Ari said this on Monday in...

February 21, 2023 No Responses

Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses

The Minister of State Petroleum Resources, Chief Timipre Sylva has attributed loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure. The minister, in a statement on Monday by his Senior Adviser, Media and Communica...

February 21, 2023 No Responses

NIMASA DG INSTALLED AS THE “BAATONA” OF AKURE KINGDOM

The Deji of Akure, Oba Aladetoyinbo Ogunlade Aladelusi, Odundun II has installed the Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA), Dr Bashir Jamoh (OFR) as the Baatona of Akure Kingdom. The Minister of State ...

February 20, 2023 No Responses

Borno Empowers 5,340 Tailors With N100m

Borno State Governor, Babagana Zulum on Sunday released N100 million and empowerment tools to 5,340 tailors to improve their businesses. Zulum made the announcement on Sunday at the multi-purpose hall of the Government House, Maiduguri. He said: “We ...

February 20, 2023 No Responses

Okomu National Park: Logging Kingpin, Two Others Arrested

Logging Kingpin and two others have been arrested at Okomu National Park in Edo State. A statement issued on Sunday by the Public Relations Officer (PRO) of Nigeria National Park (NNP), Conservator of Park (CP), Emmanuel Ntuyang, said: “Following th...

February 18, 2023 No Responses

Mikano Motors, Changan Auto Seal Partnership

As part of its ongoing expansion agenda, Mikano Motors has emerged sole representative of Changan Auto and distributor in Nigeria. City Business News reports that wth the addition of Changan (formerly distributed by another Nigerian dealer), Mikano Motor...

February 18, 2023 No Responses

NDDC Explores Growth Opportunities with International Seabed Authority

As part of efforts to collaborate with development agencies and organisations, the Niger Delta Development Commission (NDDC) has concluded plans to work with the International Seabed Authority (ISA). The NDDC Managing Director, Dr. Samuel Ogbuku, s...

February 18, 2023 No Responses

U.S.-Africa Trade Council Holds Global Summit In October

The U.S.-Africa Trade Council (USAfriTC), along with partner organizations across Africa, United Kingdom and United States, is to hold the next edition of the U.S.-Africa Trade and Investment Global Summit (USATIGS) on October 18-21, 2023, in Atlanta, Geo...