City BusinessNews Archives — Page 59 of 371

March 24, 2024 No Responses

NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

The regulating body of the Nigerian Exchange Group, the NGX Regulation Ltd. (NGX RegCo) and Financial Reporting Council of Nigeria (FRCN), at the weekend launched roadmap for the adoption of the Sustainability Financial Reporting Standard in Nigeria. The lunch marked...

March 24, 2024 No Responses

Delta: Police Confirm Murder Of Six Officers

The Nigeria Police Force (NPF) has confirmed the murder of six policemen in Ohoro Forest in Ughelli North Local Government Area of Delta State. According to the Police, five suspects have been arrested in connection with the crime. Force spokesman....

March 23, 2024 No Responses

FG Suspends 25% Penalty On Improperly Imported Vehicles

The Nigeria Customs Service (NCS) has suspended the 25% penalty that had previously been imposed in addition to import duty on improperly imported vehicles. A statement signed by the National Public Relations Officer of NCS, Abdullahi Maiwada, on Friday, expla...

March 23, 2024 No Responses

Shippers Council Harps On Paperless Operations

The Nigerian Shippers’ Council (NSC) has set August 2024 deadline for full paperless operations as part of measures to drive service efficiency and contribute revenue to the Federal Government, NSC Executive Secretary/Chief Executive Officer, Pius ...

March 23, 2024 No Responses

New NIMASA DG: We Will Build A Purpose Driven Organisation

The newly appointed Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr. Dayo Mobereola says the Agency’s Management under his leadership will build a purpose driven organisation, while also prioritising effective communicat...

March 22, 2024 No Responses

FG Inaugurates Marshals To Combat Illegal Mining

As part of measures to tackle unauthorized mining activities, the Minister of Solid Minerals Development, Dele Alake, has launched the inaugural group of Mining Marshals Corps. Presenting the Mining Marshals in Abuja on Thursday, Alake explained tha...

March 22, 2024 No Responses

Stock Market Recovers N74b

Bullish sentiment returned to the equity market on Thursday, following investors’ interest stocks of BUA Cement, Zenith Bank and other top traders, making it the first gain of the week. Specifically, the market capitalisation, which opened at N58.947 trillio...

March 21, 2024 No Responses

New NEMA DG, Zubaida Umar, Harps On Effective Service Delivery

The newly appointed Director General, the National Emergency Management Agency (NEMA), Mrs Zubaida Umar on Tuesday, assumed duties at the headquarters of the Agency in Abuja. The new Director General was received on arrival by the management staff of the...

March 21, 2024 No Responses

Access Bank To Acquire National Bank Of Kenya

Access Bank is to acquire the National Bank of Kenya from the KCB Group, its second acquisition of a Kenyan bank in under five years. After purchasing Transnational Bank Limited. in 2019, this is the Nigerian lender’s second acquisition in...

March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...

March 20, 2024 No Responses

Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the Federal Government can tackle the current foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigeria...

March 20, 2024 No Responses

Zenith Bank Appoints Adaora Umeoji As GMD/CEO

The Board Directors of Zenith Bank Plc has appointed Dr. Adaora Umeoji as the Group Managing Director/ Chief Executive of Zenith Bank Plc. The Bank in a statement to the Nigerian Exchange explained that the appointment is with effect from June ...

March 19, 2024 No Responses

NDDC To Hand Over Ondo Power Project To TCN

The Governing Board of the Niger Delta Development Commission, NDDC has concluded plans to inaugurate the 132/33kv electricity sub-station at Ode-Erinje in Okitipupa Local Government Area of Ondo State. A statement issued by the Commission explained that...

March 19, 2024 No Responses

NLC Backs NASU, SSANU

The Nigerian Labour Congress (NLC) has declared its support for the ongoing strike by the Non-Academic Staff Union of Educational (NASU) and associated institutions of the Senior Staff Association of Nigerian Universities (SSANU) and has demanded an “immedia...