City BusinessNews Archives — Page 77 of 371

January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation closed at...

January 9, 2024 No Responses

UBA Surpasses N1 Trillion Market Capitalisation Mark

United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...

January 9, 2024 No Responses

Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’

The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs. An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...

January 9, 2024 No Responses

Pope Urges Global Ban On Surrogacy

POPE Francis called Monday for a global ban on surrogacy saying the practice of a woman carrying another person’s child was “deplorable”. In his New Year’s address to diplomats at the Vatican, the 87-year-old pontiff said it was a “grave...

January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...

January 8, 2024 No Responses

NDLEA Intercepts Hard Drugs From US

The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of ‘Colorado’, a very strong strain of cannabis, concealed in boxing kits imported from the United States of America. Disclosing this in a statement on Sunday, NDLEA spokesman, ...

January 8, 2024 No Responses

Falana To Betta Edu: Resign For ‘Betraying Nigerians’

Foremost human rights lawyer, Femi Falana, has urged the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to resign for “betraying the confidence reposed in her”. Falana, a Senior Advocate of Nigeria (SAN), in a statement on Sunday, urg...

January 7, 2024 No Responses

Dangote Reacts To EFCC’s Visit, To Submit More Documents

The Chairman of Dangote Group, Aliko Dangote has reiterated the Group’s commitment to provide the Economic and Financial Crimes Commission (EFCC) with all necessary information. Reacting to the ongoing investigation in a statement, Dangote said: “We have a...

January 7, 2024 No Responses

Customs Boss Orders Release Of Impounded Access Bank’s Bullion Van

Twenty-one months after, the Comptroller-General of Nigeria Customs Service (NCS), Adewale Adeniyi has ordered the release of an Access Bank bullion van caught in April 2022, loaded with 12 bags of rice. The Ogun Area Command II of Customs Service Area...

January 7, 2024 No Responses

Fake Certificates: AAN Tasks NUC On Illegal Satellite Campuses

The management of Ambrose Alli University (AAU), Ekpoma, Edo State has called for the arrest and prosecution of operators of illegal satellite campuses in the name of the university. The university, in a statement on Saturday while reacting to a...

January 6, 2024 No Responses

Tinubu Tasks Security Chiefs On Victory Against Insurgency

President Bola Tinubu has challenged the nation’s security chiefs to ensure that there is conclusive victory against the myriad of security threats assailing the country. Addressing security chiefs and heads of intelligence agencies at a Presidenti...

January 6, 2024 No Responses

Lagos Warns Against Sales Of Fake Drinks

The Lagos State government has cautioned entertainment centres within the state against sales and distribution of fake drinks. Mr Idris Aregbe, Special Adviser (SA) to Gov. Babajide Sanwo-Olu on Tourism, Arts and Culture, gave the warning in a statement i...

January 6, 2024 No Responses

Tesla Recalls 1.6m Cars

Tesla is recalling more than 1.6 million vehicles in China over issues with steering software and door-locking systems, the country’s regulator says. The recall includes its models S, X, 3 and Y, and 7,538 imported vehicles. The problems will be...

January 6, 2024 No Responses

Pope Appoints Auxilary Bishop For Orlu Diocese

The Holy Father, Pope Francis has appointed Rev Msgr. Thomas Ifeanyichukwu Obiatuegwu, a priest of the diocese of Orlu and the current parish priest of of St. Joseph in Umuna, as the auxiliary bishop of Orlu diocese, assigning him the...