City BusinessNews Archives — Page 58 of 371

March 28, 2024 No Responses

FG Offers Scholarship To Children Of 17 Slain Soldiers

President Bola Tinubu has offered scholarships to the children of the 17 soldiers who were murdered in the Okuama community, Bomadi Local Government Area in Delta state. Tinubu also granted posthumous national honours to the soldiers who lost their lives....

March 27, 2024 No Responses

SEC, NGX Group, ASHON, Others Celebrate Oscar Onyema

The Securities & Exchange Commission (SEC), Nigerian Exchange Group Plc, Association of Securities Dealing Houses of Nigeria (ASHON) among other key stakeholders on Tuesday celebrated the outgoing Group Chief Executive Officer of Nigerian Exchange Group Pl...

March 27, 2024 No Responses

CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the...

March 27, 2024 No Responses

Alternative Finance For Creative Industry: VFD Group Mulls SplitXchange

VFD Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development.The Managing Director of Splitar Limited, Mr Folagbade Adeyemi, stated this while speaking at the C...

March 26, 2024 No Responses

Edo To Float New Gas Company

The Edo State Government has set up Edo Green Energy Limited to be run as a private sector-facing entity which will engage in the commercialization of gas in the State.Commissioner of Mining and Energy, Hon. Enaholo Ojiefoh, who said this...

March 26, 2024 No Responses

Etihad Cargo, Astral Aviation Strengthen Abu Dhabi-Nairobi Connection

Astral Aviation has concluded plans to resume weekly operations from Abu Dhabi from 28 March 2024. This regular service is anticipated to further strengthen trade links between the UAE and Africa, catering to a wide range of cargo needs and...

March 26, 2024 No Responses

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...

March 26, 2024 No Responses

SIFAX Logistics Donates Office Equipment To LASTMA

SIFAX Logistics Company Limited, a subsidiary of SIFAX Group, has donated some modern office equipment to the Lagos State Traffic Management Authority (LASTMA). The equipment includes two units of an air conditioner, a refrigerator, an executive office table, ...

March 26, 2024 No Responses

NPA Boss Begins Working Week On Tin-Can Port Access Road

As measure of consolidating the gains recorded in the clearance of illegal check/extortion points and shanties resulting in traffic gridlock on Tincan Island Port access road, Managing Director /CEO Nigerian Ports Authority (NPA) resumes work on Monday March 2...

March 25, 2024 No Responses

Undersea Cables: Nigeria Seeks Joint West Africa Regional Protection

Following recent undersea cable cuts that challenged connectivity in many countries in the West African region, Nigeria has called for a coordinated and multilateral approach by the region to protect shared telecommunications infrastructure and diversify conne...

March 25, 2024 No Responses

Edo Woos More Private Investors In Solid Mineral Deposits, Others

The Edo State Commissioner for Mining and Energy, Enaholo Ojiefoh, has said that the State has surplus solid mineral deposits to host more than 20 more mega plants like the ones set up and operated by Dangote Group and BUA...

March 25, 2024 No Responses

NDDC To Tackle Erosion Scourge In Bayelsa Community

The Niger Delta Development Commission (NDDC) is to deploy modern technology to tackle the erosion scourge in Sangana community, in Brass local Government Area of Bayelsa State. This follows the recent devastating ocean surge in the community. Speaking d...

March 24, 2024 No Responses

FRSC Inaugurates Joint Taskforce On Use Of Trailers To Convey Passengers

In a swift response to the urgency to halt the rising cases of traffic infractions occasioned by the use of trailers to convey passengers, and the attendant fatalities, the Corps Marshal, Federal Road Safety Corps, Dauda Ali Biu has inaugurated...

March 24, 2024 No Responses

Aliko Dangote Foundation Launches National Food Intervention Programme

Aliko Dangote Foundation, has launched its National Food Intervention Programme, aimed at distributing over one million 10kg bags of rice across the 774 local government areas of the 36 states and Federal Capital Territory in Nigeria.The initiative is a crucia...