Tag: City BusinessNews

Kebbi Votes N650m For 2020 Argungu Fishing Festival
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 meeting in Birnin...
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NSE Market Capitalisation Drops Further By N9b
February 19, 2020 No Responses

NSE Market Capitalisation Drops Further By N9b

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday depreciated further by N9 billion, amid profit taking.Specifically, the market capitalisation, which opened at N14.347 trillion lost N9 billion to close at N14.338 trillion.Also, the A...
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Nigeria Loses $750m To Oil Theft In 2019
February 19, 2020 No Responses

Nigeria Loses $750m To Oil Theft In 2019

Nigeria lost about 750 million dollars to oil theft in 2019, the Nigerian National Petroleum Corporation (NNPC), said on Tuesday .The NNPC Group Managing Director, Malam Mele Kyari, disclosed this in a statement signed by the Acting spokesman for the...
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CBN Seeks Land For Nestle, WAMCO, L&Z To Build Dairy Factories In FCT
February 17, 2020 No Responses

CBN Seeks Land For Nestle, WAMCO, L&Z To Build Dairy Factories In FCT

The Central Bank of Nigeria (CBN) has appealed to Federal Capital Territory Administration to allocate land to some companies to build dairy factories, in furtherance of its policy to develop the nation’s economy.The CBN Governor, Mr Godwin Emefiele, made th...
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3,000 Undergraduates Benefit From Fidelity Youth Empowerment Programme
February 17, 2020 No Responses

3,000 Undergraduates Benefit From Fidelity Youth Empowerment Programme

Fidelity Bank Plc, has trained over 3,000 undergraduates from various tertiary institution on skills acquisition through its youth empowerment programme.Nnamdi Okonkwo, the bank’s CEO made this disclosure during the closing ceremony of the Fidelity Youth Emp...
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NSE Records N96b loss
February 17, 2020 No Responses

NSE Records N96b loss

Transactions on the floor of Nigeria Stock Exchange (NSE) opened the week on Monday still on a negative mood as sell-off in high capitalised stocks dragged the All-Share Index (ASI) further down by 0.67 per cent.Specifically, the All-Share Index dipped...
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Rice Farmers In Kano Seek More Earth Dams
February 17, 2020 No Responses

Rice Farmers In Kano Seek More Earth Dams

The Rice Farmers Association of Nigeria (RIFAN) Kano State chapter, has called on Governor  Abdullahi Ganduje to construct more earth dams to boost irrigation activities across the 44 Local Government Areas of the state.The Secretary, Alhaji Ado Hassan, m...
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Oyo To Revoke Four Road Contracts
February 17, 2020 No Responses

Oyo To Revoke Four Road Contracts

The Oyo State Government is to terminate four road contracts for failing to meet up with the performance specifications and schedule.Prof. Raphael Afonja, the State Commissioner for Public Works and Transports, made this known in Ibadan on Monday.The News Agen...
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Kia Reveals Next-Generation Sorento
February 17, 2020 No Responses

Kia Reveals Next-Generation Sorento

Ahead of its first public appearance at the 2020 Geneva International Motor Show, Kia Motors Corporation on Monday revealed the first official images of the new Kia Sorento  .The concept of ‘refined boldness’ inspired Kia’s designers, who sought to ...
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NNPC, Shell, Total, Others Disburse $360m For Ogoni Clean-Up
February 17, 2020 No Responses

NNPC, Shell, Total, Others Disburse $360m For Ogoni Clean-Up

The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners of Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company (NAOC), have disbursed $360million towards the Og...
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Sanwo-Olu, Amaechi, Others To Discuss Nigeria’s Future At 3rd Freedom Online Lecture
February 17, 2020 No Responses

Sanwo-Olu, Amaechi, Others To Discuss Nigeria’s Future At 3rd Freedom Online Lecture

Governor Babajide Sanwo-Olu of Lagos State will, on Tuesday, February 25, lead other speakers to discuss the future of Nigeria at the third annual lecture of Freedom Online in Lagos. A statement by the Managing Director/Editor-in-Chief of the online newspaper,...
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Ikeja Electric Targets N170b Revenue In 2020
February 16, 2020 No Responses

Ikeja Electric Targets N170b Revenue In 2020

Ikeja Electric (IE) has projected total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The company is to create a new tariff class called Bilateral for customers and had signed...
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APM Terminals Seeks Construction Permit
February 14, 2020 No Responses

APM Terminals Seeks Construction Permit

APM Terminals Poti, part of Dutch terminal operator APM Terminals, has re-initiated the process of obtaining the necessary permits to build a new deep-water multipurpose port in Poti.On February 11, 2020, APM Terminals submitted an application to the Technical...
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Police Impose Curfew In Bayelsa
February 14, 2020 No Responses

Police Impose Curfew In Bayelsa

The Bayelsa Police Command has imposed a dusk-to-dawn curfew over violent protests by alleged political supporters in the state.The Commissioner of Police, Usher Anozie, while briefing Journalists on Friday in Yenagoa, said  the curfew was from 8pm to 6am...
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