City News Archives — Page 13 of 39

July 13, 2021 No Responses

Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

AN Enugu-based manufacturing and trading company, Innoson Nigeria Limited, is seeking the order of a Federal High Court, Lagos Judicial Division, to, among others, set aside its ex parte order approving GTB’s intention to transmute to Guaranty Trust Holding Company PLC. Innoson Nigeria Limited is also askin...

July 12, 2021 No Responses

Singapore Sustains Position As World’s Leading Maritime Centre

Singapore has been ranked as the top global shipping centre for the eighth year running, a new report found. As explained, Singapore has been rated as the top location due to the size of its port, number of internationally-focused shipbrokers,...

July 12, 2021 No Responses

NIMASA: Deep Blue Project Driven by Competent Manpower

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Bashir Jamoh, has reiterated that assets deployed under the Deep Blue Project, recently launched by President Muhammadu Buhari, are manned by proficient officers from th...

July 12, 2021 No Responses

G20 Finance Ministers Back Deal To Tax Companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. ...

July 11, 2021 No Responses

‘Edo Inland Dry Port’ll Fast Track Nigerian Export’

The Edo State Governor, Mr. Godwin Obaseki, has said the Edo Inland Dry Port will create a new vista to boost Nigeria’s export. The governor made the submission at the Public-Private Dialogue on Inland Dry Port Operations in Nigeria orga...

July 11, 2021 No Responses

Enugu Residents Turn To Potatoes As Yam Prices Skyrocket

Some residents in Enugu have shifted patronage to sweet potatoes as alternative staple food as price of yam continues to soar, the News Agency of Nigeria (NAN) reports. A correspondent of NAN, who visited major markets in Enugu metropolis on...

July 10, 2021 No Responses

Volkswagen Declares $13b Half-Year Profit

Volkswagen on Friday disclosed that first-half operating profit is expected to come in at around 11 billion euros ($13 billion), even surpassing pre-pandemic levels on the back of strong demand in Europe and the United States.Reuters report that the good resu...

July 9, 2021 No Responses

Kaduna Seals Fidelity Bank Branches Over N43.3m Tax Liabilities

The Kaduna State Internal Revenue Service (KADIRS) on Thursday, sealed four branches of Fidelity Bank Plc. over N43.3 million tax liabilities. The branches are located at Ali Akilu Road, Ahmadu Bello Way, Polytechnic Road by Maimuna Gwarzo Junction, and ...

July 9, 2021 No Responses

Yusuf, Ex-LCCI Boss Implores FG On Enabling Environment For Businesses

The immediate past Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, has urged the Federal Government to create an enabling environment to drive export business. Yusuf gave the advice at the monthly forum of the Finance Correspond...

July 8, 2021 No Responses

Nigeria, UNESCO Renew Support For Lake Chad

The Nigerian Government has pledged renewed commitment to partner with UNESCO as part of measures to improve livelihoods of inhabitants of the Lake Chad Region. Minister of Water Resources, Mr Suleiman Adamu made the pledge on Wednesday, when ...

July 8, 2021 No Responses

NGX Group Engages Analysts Ahead of Planned Listing

Ahead of its planned listing by introduction on Nigerian Exchange Limited, NGX Group held an analyst call on Wednesday, 7 July 2021, where the Management of the Group and its entities provided key insights into the setup of the new...

July 8, 2021 No Responses

Coscharis Flaunts Ford Trucks At 2021 Lagos Auto Fair

Coscharis Motors recently launched the Ford Trucks brand of Heavy-Duty Commercial Vehicles (HDCV) into the Nigerian market at the just concluded 15th Lagos Motor Fair, held at the Federal Palace Hotel, Lagos. According to Abiona Babarinde, Gen...

July 8, 2021 No Responses

Customs Impounds Four Containers Of N373.5m Wood

The Controller General of Customs Strike Force, Team A, on Wednesday disclosed that it intercepted four container loads of unprocessed woods valued at N373.5 million. The unprocessed woods were about being shipped out of the country to Asia when it...

July 7, 2021 No Responses

NEPZA Receives C of O For Textiles, Garments Park

The Nigeria Export Processing Zones Authority (NEPZA) has received the Certificate of Occupancy (C of O) for the site of Textiles and Garment Park in Funtua, Katsina State. Managing Director of NEPZA, Prof. Adesoji Adesugba, received the C of ...