City BusinessNews Archives — Page 274 of 369

February 21, 2020 No Responses

Zenith Bank Declares N200b Profit After Tax

For the year ended December 31st, 2019, Zenith Bank Plc on Friday announced profit after tax (PAT) of N208.8 billion, “achieving the feat as the first Nigerian Bank to cross the N200 billion mark”.According to the bank’s audited financial results...

February 21, 2020 No Responses

NSE Photo News

L – R: Mr. Oscar N. Onyema, OON, Chief Executive Officer, Nigerian Stock Exchange (NSE) presenting a replica of the closing gong to Mr. Bruno Zambrano, Finance Director, International Breweries Plc during a Closing Gong Ceremony to commemorate the successful...

February 21, 2020 No Responses

Maersk Declares $ 5.7b Earnings For 2019, Projects 2020 Outlook

Despite weak market conditions and slow container growth of 1.4 percent, Danish shipping heavyweight, A.P. Moller – Maersk managed to improve earnings and free cash flow in 2019. The company’s earnings before interest, tax, depreciation, and amortization (...

February 21, 2020 No Responses

NPA’s Eunice Ezeoke Emerges WISTA Nigeria President

Mrs Eunice Ezeoke, Assistant General Manager, Tariff and Billing, Nigerian Ports Authority (NPA), has been elected the new President of the Women International Shipping and Trading Association (WISTA) Nigeria. Ezeoke was elected during the 2020 WIS...

February 21, 2020 No Responses

Pirelli Unveils New Agenda For Growth

Pirelli has disclosed plans to focus on its premium products and cost-cutting measures to drive a gradual increase in core profit margins over the next two years. Announcing its strategic plan along with annual results, the group said its margin...

February 20, 2020 No Responses

NPA Empowers Over 200 In Imo State

The Nigerian Ports Authority (NPA ) has donated good and items to over 200 people at Umuoziri Inyisi, Ikeduru LGA of Imo State as part of its Corporate Social Responsibility (CSR) initiative.NPA explained that the initiative is geared towards equipping.....

February 20, 2020 No Responses

Shippers’ Council, Customs To Strengthen Partnership

The Nigerian Shippers’ Council (NSC) and the Nigeria Customs Service (NCS) are collaborating to provide a single-window platform that would ensure regulatory agencies at the ports.Executive Secretary of NSC, Mr Hassan Bello, explained that the platform would...

February 20, 2020 No Responses

British Airways Apologises To Customers

British Airways on Thursday apologised to its customers for the inconveniences they experienced in the recent delays and diversions of flights at the Lagos Airport.Mr Kola Olayinka, the airline’s General Manager, West Africa, made the apology in a statement ...

February 20, 2020 No Responses

Market Capitalisation Recovers N24b

The nation’s bourse on Thursday recorded its first gain for the week with the market indices improving by 0.17 per cent due to interest in BUA Cement and 18 other stocks.Specifically, the All-Share Index rose by 45.83 points or 0.17...

February 20, 2020 No Responses

Werner Penalty kick Gives RB Leipzig Win At Tottenham Hotspur

Timo Werner’s second half penalty kick gave a dominant RB Leipzig a deserved 1-0 victory at Tottenham Hotspur in the first leg of their UEFA Champions League last 16 tie on Wednesday. Werner slotted past Hugo Lloris in the 58th...

February 19, 2020 No Responses

FG Approves N4.8b For Benin-Akure Road Project

The Federal Executive Council (FEC) has approved the sum of N4.8 billion for the Benin-Adumagbae-Igba-Akure road in Edo and Ondo State.Minister of State for Works and Housing, Abubakar Aliyu, made this known while briefing State House correspondents after the ...

February 19, 2020 No Responses

Veritas University Graduates 286

Veritas University, Bwari in Abuja, will graduate 286 students with 26 of them bagging first class in its eighth convocation ceremony scheduled to hold on Saturday, February 22, 2020.The Vice-Chancellor of the school, Prof. Hyacinth Ichoku, disclosed this to J...

February 19, 2020 No Responses

SON Implores Firms On Global Competitiveness

The Standard Organisation of Nigeria (SON) has called on Nigerian manufacturers to maintain high standard quality of their products to boost consumers’ confidence and position themselves for global competitiveness.The Director-General of SON, Mr Osita Abolom...

February 19, 2020 No Responses

Kebbi Votes N650m For 2020 Argungu Fishing Festival

The Kebbi Government is to spend N650 million for the 2020 Argungu International Fishing and Cultural Festival scheduled to hold early March.The Commissioner of Works, Alhaji Abubakar Chika-Ladan, made this known shortly after the State Executive Council meeti...