City BusinessNews – Page 276 – City Business News

January 20, 2023 No Responses

CBN To Sanction Banks Dispensing Old Notes Through ATMs

The Central Bank of Nigeria (CBN), on Thursday threatened to sanction banks in Cross River dispensing old naira notes through their Automated Teller Machines, (ATMs). The warning came from Ms Glory Iniunam, Branch Controller of CBN in Cross River, during...

January 20, 2023 No Responses

World’s First Digital Ship Register Debuts

Denmark has launched the world’s first digital ship register to increase security related to ship registration and ship trading. Under the arrangement, Danish Maritime Authority has rolled out a new digital ship register to ease the workload with faste...

January 19, 2023 No Responses

NNPC Secures FEC’s Approval To Invest N1.9tri In 44 Federal Roads

The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the app...

January 19, 2023 No Responses

CBN To Banks: Collect Redesigned Notes Or Face Sanction

The Central Bank Governor, Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes. Emefiele made the call when the apex bank took its sensitisation tour on...

January 19, 2023 No Responses

Customs MMIA Generates N20.9 b In 2022

The Nigeria Customs Service (NCS), Murtala Muhammed International Airport (MMIA) Command, generated N20.9 billion between January and December 2022. This is contained in a statement in Lagos, on Wednesday by Juliana Tomo, a Superintendent of Customs and ...

January 19, 2023 No Responses

FirstBank To Hold 2023 Economic Outlook Webinar

First Bank of Nigeria is to hold its 2023 Nigeria Economic Outlook webinar to deliberate on national and global trends that will shape economic landscape in the new fiscal year. The Group Head, Marketing and Corporate Communications of FirstBank, Mrs...

January 19, 2023 No Responses

Catholic Bishops Urge Nigerians To Elect Patriotic, Servant Leaders

For the desired change in the country, Nigerians must vote for leaders who will be true patriots and servants of the people, the Catholic Bishops of Ibadan Ecclesiastical Province have said. The Bishops also advised the electorate to ensure that...

January 18, 2023 No Responses

Farmers Task Govt On Holistic Approach To Challenges

Farmers’ associations have called on the three tiers of government to employ holistic approach toward addressing the challenges facing the agricultural sector in the country. The Chairman, All Farmers Association of Nigeria (AFAN) in Oyo State, Mr John...

January 18, 2023 No Responses

State Governors Invite Emiefele For Meeting Over New Naira Notes

The 36 state governors have invited the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emiefele, for a virtual meeting on Thursday over issues related to the new naira notes introduced by the apex bank. The Head, Media...

January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited, Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...

January 17, 2023 No Responses

Buhari Harps On International Trade, Benefits Of AfCFTA

President Muhammadu Buhari has challenged African countries to expand and diversify their participation in international trade as part of measures to explore the benefits of the African Continental Free Trade Agreement (AfCFTA). Buhari stated this ...

January 17, 2023 No Responses

Emefiele Resumes, Set For First 2023 MPC

The Governor of the Central Bank of Nigeria (CBN), resumed duty at the apex bank’s headquarters in Abuja on Monday after spending his annual leave abroad. The News Agency of Nigeria (NAN) reports that Emefiele had been out of the...

January 17, 2023 No Responses

Investors Lose N90b In Bearish Trading

Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note on Monday as market capitalisation was down by N90 billion or 0.31 per cent to close at N28.512 trillion from N28.602 trillion at the...

January 17, 2023 No Responses

NLNG: Bonny Plant Still In Operation

The Nigeria LNG plant on Bonny Island is still active despite a force majeure declared in October 2022 and feed gas supply challenges. Mr Andy Odeh, the General Manager, External Relations and Sustainable Development, NLNG, confirmed this in a statement....