City BusinessNews Archives — Page 43 of 371

May 21, 2024 No Responses

DMO Raises N4.9tri For Ways And Means Securisation

The Debt Management Office (DMO) has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. “For the Ways and Means, out of the N7 trillion approved for securitisation, we have raised N4.905 trillion,” Oniha said....

May 21, 2024 No Responses

UBA @ 75: GMD Lauds Elumelu, Stakeholders

The Group Managing Director and Chief Executive Officer of United Bank for Africa Plc, Oliver Alawuba, has hailed the Chairman of the global financial powerhouse, Tony Elumelu, and other stakeholders for the success recorded by the bank in its 75...

May 21, 2024 No Responses

Contractor Admits Receiving N2.17b For No Project

A contractor, Olugbenga Obadina who is being prosecuted by the Economic and Financial Crimes Commission, EFCC for receiving payments from the Office of the National Security Adviser, (NSA) on November 28, 2015 without any contractual agreement on Monday, May 2...

May 20, 2024 No Responses

Bonny Gas Transport Charters Eco-Friendly Newbuild Vessel

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a newbuild vessel, AKTORAS, in a strategic move to diversify and reduce the carbon footprint of its shipping portfolio. BGT was founded in 1989 to provide...

May 20, 2024 No Responses

NIMASA CELEBRATES NIGERIAN WOMEN STAKEHOLDERS.

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, during the 2024 commemoration of the International Day for Women in Maritime in Lagos, commended the contributions of Nigerian women to the development...

May 20, 2024 No Responses

Toyota Nigeria Rewards Nestle, Zenith, Roxcon

Toyota (Nigeria) Limited (TNL) has named Nestle Nigeria Plc as winner of its prestigious Evergreen Customer Award for the Year (2023). The company emerged winner among the teeming Toyota customers, having purchased the highest cumulative number of new Toyota v...

May 19, 2024 No Responses

NDDC To Commission 92 Projects Worth N84b

The Niger Delta Development Commission, NDDC, will over the next two weeks commission 92 infrastructure projects executed at a cost of N84 billion across the nine mandates states in the region. The Commission’s Director, Corporate Affairs, Pius Ughakpoteni, ...

May 19, 2024 No Responses

Dana Air: NSIB Report Reveals Landing Gear Failure

The Nigerian Safety Investigation Bureau (NSIB), on Saturday, released a preliminary report on the incident involving an aircraft belonging to Dana Air at the Lagos Murtala Mohammed Airport on April 23, 2023. The preliminary report linked the incident to ...

May 18, 2024 No Responses

Minister Congratulates Newly Elected APRA Executives

The Minister of Information and National Orientation, Mohammed Idris, has felicitated the newly elected Executive Council of the African Public Relations Association (APRA), elected at the 35th APRA Annual Conference and Annual General Meeting (AGM), which was...

May 18, 2024 No Responses

NCC Suspends Issuance Of Virtual Operators Licence

The management of Nigerian Communication Commission (NCC) has temporarily suspended new licence issuance to operators in three categories. The categories affected include Mobile Virtual Network Operator Licence, Interconnect Exchange Licence and Value Added Se...

May 18, 2024 No Responses

SIFAX Group Chairman Identifies Blue Economy Potential At LAUTECH Lecture

Dr. Taiwo Afolabi, Chairman, SIFAX Group, has identified coastal tourism and renewable energy generation as some of the potential areas of growth that Nigeria needs to take advantage of in developing its blue economy. Afolabi, while delivering the 16th&n...

May 17, 2024 No Responses

FG, States, LGAs Share N1.2Trillion April Revenue

A total sum of N1.2trillion April 2024 Federation Account Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue was shared at the May 2024 meeting of the Federation Accounts Allocation Committee...

May 17, 2024 No Responses

SAHCO Wins British Airways Punctuality Award

Skyway Aviation Handling Company, SAHCO PLC, has been awarded the prestigious British Airways Punctuality Award for its exceptional professionalism and seamless Ground Handling Services provided to British Airways during the first quarter of 2024. A statement ...

May 16, 2024 No Responses

Emirates Resumes Flight To Nigeria October 1

Emirates Airlines is to resume flight services to Nigeria from October 1, 2024 after over a year it suspended operations in the country due to difficulties encountered in repatriating trapped funds. In a statement published on its website on Thursday,...