Citybusinessnews Archives — Page 19 of 38

May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, the Company...

May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...

May 6, 2023 No Responses

Sudan Crisis : Dangote Supports Returnees With N100,000 Each

The Aliko Dangote Foundation (ADF) has commenced the disbursement of hundred thousand naira (N100,000) and Dignity Packs to each of the Nigerian returnees from Sudan. The money and the Dignity Packs were given out to the evacuees upon arriva...

May 4, 2023 No Responses

Airtel Nigeria Gets New MD/CEO

Airtel Africa has announced the appointment of Carl Cruz as Managing Director and Chief Executive Officer of Airtel Nigeria. The appointment which takes effect from 5th May 2023, will also see Mr. Cruz join the Executive Committee as the Regional...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

May 4, 2023 No Responses

Shippers’ Council Mourns Margaret Orakwusi

The Board and Management of the Nigerian Shippers’ Council (NSC) have paid a condolence visit to the family of late Barr. Mrs. Margaret Orakwusi. In a condolence letter presented by Mallam Samaila Abdullahi, the Chairman of the Council’s Gove...

May 4, 2023 No Responses

Maersk Reports $5.7b Drop In Q1 Profit

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a...

May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...

May 1, 2023 No Responses

NAFDAC Probes Indomie Noodles

The National Agency for Food and Drug Administration and Control (NAFDC) has commenced investigation and is responding to the news of recalled Indomie noodles by Taiwan and Malaysia authorities. A statement issued on Monday explained that on May 2,20...

March 31, 2023 No Responses

Air Peace Launches Nonstop Flights To India

West and Central Africa’s leading airline, Air Peace, in its characteristic way of setting aviation records, achieved another first on March 31, 2023, by launching direct, nonstop flight services to Mumbai, the capital city of Maharashtra State in Southweste...

March 31, 2023 No Responses

Ashok Leyland, Stallion Motors Unveil Phoenix

Ashok Leyland, flagship of the Hinduja Group, along with Stallion Motors, its Exclusive Distributor in Nigeria for over a decade, launched the successful light commercial vehicle, Phoenix in Lagos, for Nigeria market.A statement explained that the exclusive na...

March 27, 2023 No Responses

NIMASA, NCC Partner On Submarine Cable Regulation

The Nigerian Maritime Administration and Safety Agency (NIMASA), and Nigerian Communications Commission (NCC) have agreed to work closely in developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Niger...

March 27, 2023 No Responses

Buhari Mourns Oladipo Diya

President Muhammadu Buhari on Sunday mourned the passing of retired Lt.-Gen. Oladipo Diya GCON, who served as Chief of General Staff from 1993 to 1997 and Vice Chairman of the Provisional Ruling Council in 1994. The President, in a statement...

March 27, 2023 No Responses

Envoy: All Set For Air Peace Direct Flight To India March 31

The much-anticipated direct flights from Nigeria to India is set to commence on March 31, 2023, Mr Gangadharan Balasubramanian, Indian High Commissioner to Nigeria, has said. Balasubramanian told the News Agency of Nigeria (NAN) in Abuja that Air Peace, a...