City BusinessNews Archives — Page 348 of 369

May 16, 2019 No Responses

CBN: Nigeria’s Outstanding Domestic Debt Stands At N12.4b

The Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets Department, CBN, and...

May 16, 2019 No Responses

Pirelli Projects More Growth In 2019

Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019. Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would g...

May 15, 2019 No Responses

NPA Photo News

May 15, 2019 No Responses

International Breweries Appoints Odulate, Olori Beauty Enterprise Boss Director

The Board of International Breweries Plc has appointed Olutoyin Mobisola Odulate as an Independent Non-Executive Director of the Company. A statement explained that she is a seasoned Consumer Goods and FMCG senior management professional with over 16 yea...

May 14, 2019 No Responses

TSA Yields N30trillion

The Accountant-General of the Federation (AGF), Idris Ahmed, on Monday explained that seven years after it was created, the Treasury Single Account (TSA) has yielded more than 30 trillion for the Federal Government, . Speaking with Journalists on t...

May 14, 2019 No Responses

RIFAN: Reappointment Of Emefiele As CBN Governor Will Transform Agric Sector

Rice Farmers Association of Nigeria (RIFAN) says the reappointment of Mr Godwin Emefiele, as the Governor of the Central Bank of Nigeria (CBN) by President Muhammadu Buhari, will lead to agricultural transformation. The RIFAN President Alhaji Aminu Goronyo, to...

May 14, 2019 No Responses

JAMB Remits N5b To Federation Account

The Joint Admissions and Matriculation Board (JAMB) has remitted N5 billion to the Federation Account in 2019. This is against the N8 billion it returned to the government purse last year. JAMB’s Head of Information, Dr Fabian Benjamin, confirmed this...

May 14, 2019 No Responses

Panama Canal Welcomes Largest LNG Tanker

Less than three years since its inauguration, the Expanded Panama Canal welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) carrier to ever transit the waterway. The tanker, which has an overall cargo capacity of...

May 14, 2019 No Responses

SEC Boss: Commodities Market will Aid Economic Diversification

The Commodities Trading Ecosystem has been described as an important market that is capable of playing a strong role in the nation’s diversification efforts as being championed by the present administration. This was stated by the Acting Director General of....

May 13, 2019 No Responses

SEC Nigeria To Stop Distribution Of Gifts To Shareholders At AGMs, EGMs

In a bid to ensure that investors get more value for their investments and thereby positively impact on their earnings per share, the Securities and Exchange Commission, SEC is seeking to create a sub rule to regulate the conduct of...

May 13, 2019 No Responses

NSITF: Presidency Backs Ngige, Appoints Enejamo-Isire Board Chairman

The Presidency has confirmed the appointment of Mr. Austin Enejamo-Isire, a Chartered Accountant, as the rightful chairman of Nigeria Social Insurance Trust Fund (NSITF). Meanwhile, Frank Kokori has been pencilled down for the headship of Labour Tr...

May 12, 2019 No Responses

Firm Secures $297m Loan For Two LNG Carriers

Russian shipping company Sovcomflot (SCF Group) has signed a new USD 297 million limited recourse credit facility to finance its two next-generation LNG carriers. The financing deal, with a duration of up to ten years, was concluded with three international...

May 12, 2019 No Responses

JAMB Withholds 34,120 Results

The Joint Admissions and Matriculation Board (JAMB) on Saturday released the results of 1, 792, 719 candidates who wrote the 2019 Unified Tertiary Matriculation Examination (UTME). Meanwhile, the board has withheld the results of 34, 1...

May 11, 2019 No Responses

ABCON: Re-Appointment Of Emefiele Will Boost FX Market Stability

The Association of Bureau De Change Operators of Nigeria (ABCON), on Friday said that the reappointment of Mr Godwin Emefiele as the CBN Governor for another term will sustain stability in the foreign exchange market. ABCON’s President, Alhaji Aminu Gwadabe....