Tag: Citybusinessnews
World’s Largest Containership Squeezes Through Suez Canal
Evergreen’s giant 24,000 TEU containership, Ever Acme has transited the Suez Canal while on its maiden voyage from Malaysia to the Netherlands. The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 co...
Access Bank Unveils ‘Love Is More’ Campaign For Valentine
Access Bank Plc has unveiled several discounts and mouth-watering freebies on its retail products and services to celebrate its customers in this season of love. The Valentine season campaign, tagged ‘Love is More,’ will run from Feb. 1 to...
LIRS, FIRS Seal Tax Audit Pact
The Lagos State Internal Revenue Service (LIRS) and Federal Inland Revenue Service (FIRS) on Monday, February 6, 2023, signed a Memorandum of Understanding on the exchange of information and implementation of joint tax audit and investigation exercise. ...
DMO Presents N130b Sukuk Cheque To FMWH, FCTA
The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries. The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capit...
Group Tasks CBN On PWDs Access To New Naira Notes
Heal Disability Initiative, a non-governmental organisation, has urged the Central Bank of Nigeria (CBN) to ensure that People with Disabilities (PWDs) have easy access to the redesigned Naira notes. The organisation also called for inclusion of persons...
Geregu Power Declares 50.5% Drop In Profit
Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively. The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...
INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA
INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria. A statement sent to City Business News explained that Nigeria is now the sixth market in Sub-Sahara Africa to join the INEOS Automotive brand, followi...
Navy Reacts To “Sinking” Warship Viral Video
The Nigerian Navy has called on the general public to jettison in totality a viral video showing Nigerian Navy Ship (NNS) THUNDER in distress and described it as “unpatriotic, clueless and unprofessional.’’ The video in circulation showed an uniden...
NPA Probes Ojuelegba Container Accident
The Management of Nigerian Ports Authority (NPA) has commenced full scale investigation to ascertain the source of container linked to last Sunday accident that clamed nine lives. NPA in a statement obtained by City Business News on Tuesday, commis...
NDLEA Bursts Trans-Border Cartel
Operatives of the National Drug Law Enforcement Agency, (NDLEA), have dismantled a trans-border drug cartel and arrested five leaders of the syndicates operating in parts of the world. A statement issued on Sunday by the Director, Media and Advocacy, NDL...
NMA Seeks Pragmatic Collaboration To Eliminate Leprosy
The Nigerian Medical Association (NMA) has called for pragmatic collaboration among stakeholders toward eliminating leprosy in 120 countries by 2030. The NMA President, Dr Uche Ojinmah, made the call in a statement by Dr Sebastine Oiwoh, the Chairman, Na...
Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes
The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....
Lassa Fever: Ondo Records 106 Cases, Eight Deaths
Ondo State Government, on Sunday, confirmed 106 cases of Lassa Fever and eight deaths. Special Adviser to the governor on Health, Prof. Francis Faduyile, made the disclosure in an interview with the News Agency of Nigeria (NAN). Faduyile said the.....