City BusinessNews – Page 296 – City Business News

May 5, 2022 No Responses

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022. Chief Executive Officer, Dangote Cement,...

May 4, 2022 No Responses

Edo MSMEs Can’t Afford N40,000 Minimum Wage, Says BENCCIMA

Micro, Small and Medium Scale Enterprises (MSMEs) in Edo State will find it challenging to pay N40,000 minimum wage, the Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA) has said. The State Governor, Godwin Obaseki on May ...

May 4, 2022 No Responses

5G Spectrum: NCC Issues Final Letters Of Licence Awards to MTN, Mafab Communications

The Nigerian Communications Commission (NCC) on Wednesday confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5GHz spectrum auction conducted by the Commission on Mon...

May 3, 2022 No Responses

Late Ajimobi’s Son Declares Interest In Oyo Assembly Seat

Mr Idris Abiola-Ajimobi, son of the late Gov. Abiola Ajimobi of Oyo State, on Tuesday declared his interest to contest the Ibadan South-West State Constituency II seat on the platform of All Progressives Congress (APC) in 2023 elections. Abiola-Ajimobi made...

May 3, 2022 No Responses

Access Bank Promotes 800 Staff

Access Bank Plc has announced the promotion of 800 employees following performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, explained in a statement that bene...

May 1, 2022 No Responses

Workers’ Day: Association Urges School Owners To Review Employment Conditions

The National Association of Proprietors of Private Schools (NAPPS) has urged private school owners and investors to make necessary reviews of their employment terms and conditions. The National President of NAPPS, Mr Yomi Otubela, said this in...

May 1, 2022 No Responses

May Day: NLC Seeks Security, Good Governance, Peace

The Nigeria Labour Congress (NLC) has called for peace, stability, security and good governance as workers mark this year’s International Workers Day on May 1. The NLC President, Mr Ayuba Wabba, told Journalists on Saturday in Abuja, that peace, stabil...

May 1, 2022 No Responses

Indians In Nigeria Laud Inauguration of Nigeria-India Business Council

Indians in Nigeria have expressed excitement over the newly inaugurated Nigeria-India Business Council designed to further strengthen the bilateral relations between the two countries. General Secretary of the Afro Asian Initiative for Community Developm...

April 30, 2022 No Responses

Nestlé Nigeria Attains N18b Profit In Three Months

By citybusinessnews@yahoo.com — For the first quarter ended March 31, 2022, Nestle Nigeria Plc has declared profit after tax of N 18.0 billion. According to the unaudited financial statements, the company recorded a revenue of N 110.2 billion ...

April 30, 2022 No Responses

MTN Nigeria Shareholders Get N13.12b Dividend For 2021

For the year 2021, MTN Nigeria Communications Plc paid N13.12 billion as dividends to shareholders. Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding. The statement also in...

April 29, 2022 No Responses

Guinness Nigeria Unveils £6.2m HQ, Declares N15.27b In Three Months

Guinness Nigeria Plc, a member of the Diageo family, on Thursday opened its new £6.2 million ultra-modern headquarters (HQ) located at Cocoa Industries Road, Ogba, Lagos State. In her speech, Guinness Nigeria’s Board Chair, Dr Omobol...

April 29, 2022 No Responses

MAN Tasks FG On Speedy Implementation Of AfCFTA

The Manufacturers Association of Nigeria (MAN) has tasked the Federal Government to speedily commence the implementation of the African Continental Free Trade Area (AfCFTA) to support its industrialisation agenda and for competitiveness. The President of...

April 29, 2022 No Responses

Over 200 Innoson-BOSCH Trainees Graduates

All is now set for the over 200 students who were Inducted into the BOSCH- Innoson Kiara Academy (IKA) training programme in automobile maintenance to graduate on Friday, April 29th, 2022, The training was inaug...

April 28, 2022 No Responses

NIMASA Boss Bags Maritime Public Sector Icon Award

The Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh has been named winner of the Vanguard Public Sector Icon, Maritime, 2021. The Editor of Vanguard Newspapers, Mr. Eze Anaba who announced this while prese...