City Archives — Page 61 of 489

March 5, 2024 No Responses

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion. The Group experienced a...

March 5, 2024 No Responses

NADDC Boss Harps On CNG Benefits, Agenda

Compressed Natural Gas (CNG) will create more jobs and wealth for Nigerians, Director-General, National Automotive Design and Development Council (NADDC), My Joseph Osanipin, reiterated on Monday. The NADDC DG stated this at the Critique/Validation ...

March 5, 2024 No Responses

Obaseki Faults CBN’s New Monetary Policy

The Governor of Edo State, Godwin Obaseki, has faulted the Central Bank of Nigeria for raising the Monetary Policy Rate by 22.75 per cent. Obaseki contended that the decision is not the answer to the ongoing economic challenges in the...

March 4, 2024 No Responses

Nigeria Signs Multi-Sectoral Agreements With Qatar

President Bola Tinubu on Sunday witnessed the signing of agreements between Nigeria and Qatar in various sectors of the economy. Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement, said the signing, which...

March 4, 2024 No Responses

AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize, Cassava, Soyabeans

The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, it president, Dr Akinwunmi Adesina, said on Saturday after visiting...

March 4, 2024 No Responses

Dana Air Bags Gender-Friendly Airline Award

In celebration of this year’s International Women’s Day, Dana Air has announced its support for the One Million Man Walk and Pan African HeforShe Summit by the African Women in Leadership Organization (AWLO) on the 6th and 7th of March...

March 3, 2024 No Responses

FG Pledges Mineral Data To Aid Qattari Businessmen

Comprehensive data on the pattern and quantity of energy mineral Lithium are available at the Nigerian Geological Survey Agency for businesses interested in establishing lithium companies in Nigeria.Solid Minerals Development Minister Dr. Oladele Alake made th...

March 3, 2024 No Responses

Port Harcourt-Aba Train Services Begin Operation In March

The train services on Port Harcourt to Aba route will start operation by the end of March, 2024. The Port Harcourt-Aba rail project is part of the larger Port Harcourt-Maiduguri railroad project initiated by President Muhammadu Buhari’s administration. Mr Fi...

March 3, 2024 No Responses

Nollywood Actor, Mr Ibu Dies At 62

Nollywood veteran, John Okafor AKA Mr Ibu is dead. The actor reportedly passed away at Evercare Hospital in Lagos State after a protracted battle with illness. Recall that the 62-year-old had battled health issues that led to the amputation of...

March 2, 2024 No Responses

NLNG Harps On Critical Role Of Gas To Africa’s Industrialisation

There is real demand for clean energy such as gas in Africa to trigger a massive take-off for industrialization with a growing young population, abundant natural resources, and emerging internal markets, the Managing Director and Chief Executive Officer, Niger...

March 2, 2024 No Responses

MTN Nigeria Records N740b Forex Losses

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion in 2023. The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported...

March 2, 2024 No Responses

Reps Invites NNPCL, NPA, NIMASA, FAAN, Others Over Concessions

The House of Representatives has invited Chief Executive Officers of the Nigerian National Petroleum Company (NNPC) Ltd and the Nigerian Port Authority (NPA) to discuss the oversight of Public-Private Partnerships (PPPs) and concessions dating back to 1999.&nb...

March 2, 2024 No Responses

NLNG Seeks Increased LPG Awareness, Explains 493,000 Metric Tons For Nigerian market

Nigeria LNG Limited (NLNG) has called for increased consumer awareness, especially in rural areas, on the use of Liquified Petroleum Gas (LPG) to drive up utilisation and reduce associated risks from using biomass for cooking. Speaking at the 7th Nigeria...

March 1, 2024 No Responses

Seplat Energy Appoints Udo Udoma Chairman

Seplat Energy Plc has announced the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman to succeed Mr. Basil Omiyi who will retire on March 31, 2024. City Business News reports that Mr. Udoma’s appointment was...