Citybusinessnews Archives — Page 53 of 91

August 19, 2024 No Responses

EFCC Arraigns Man For Alleged N600m, $50,000.00 Fraud

The Lagos Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, August 19, 2024, arraigned one Ayodele Toyosi for an alleged investment fraud before Justice A.M. Lawal of the Lagos State High Court sitting in Ikeja.The defendant was...

August 19, 2024 No Responses

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend

The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the...

August 19, 2024 No Responses

Ojo Quits Sifax Group, Resumes As TITC Corporate Communications Lead

To solidify its status as the leading terminal operator in Nigeria and position the company for its next strategic level growth phase, Tin Can Island Container Terminal, operator of Terminal B, Tin Can Island Port has appointed Philips Ojo to...

July 22, 2024 No Responses

Dana Motors Seals CNG Conversion Kits Mass Distribution Deal

As part of the Presidential Compressed Natural Gas (CNG) Initiative, Dana Motors, one of the conversion centers, has announced participation in the mass distribution. The initiative marks a significant milestone in Nigeria’s journey towards...

July 22, 2024 No Responses

Seplat Energy Canvasses Prudent Management Of Oil, Gas Assets

Seplat Energy Plc has called for prudent management of oil and gas assets in Nigeria in the country’s quest to drive growth in the energy sector and encourage expansion. The Chief Executive Officer, Seplat Energy, Mr. Roger Brown, gave t...

July 22, 2024 No Responses

Seplat Energy Concludes Media Training For Editors, Correspondents

Seplat Energy Plc has concluded the second phase of its media training programme for journalists and media practitioners in Nigeria. The second phase of the programme covers forty-five (45) Capital Market Editors/Correspondents as well as some Judi...

July 22, 2024 No Responses

Single Window: Shippers Council Seeks Stakeholders Collaboration

The Nigerian Shippers Council (NSC) has expressed its support for the National Single Window (NSW) Steering Committee as part of measures to promote effective operationalization of the platform. The Executive Secretary/Chief Executive Officer of NSC, Pius Akut...

July 22, 2024 No Responses

Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive Years

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places...

July 22, 2024 No Responses

ECU Partners SIFAX Shipping On Global Market Access

ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary and a leader in LCL consolidation, has partnered with SIFAX Shipping Company Limited, a subsidiary of SIFAX Group, to introduce LCL consolidation services to exporters especially Small and ...

July 20, 2024 No Responses

Tinubu Receives ENI Delegation

President Bola Tinubu on Friday in Abuja received a delegation from international energy company, ENI. Tinubu commended the company for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investm...

July 20, 2024 No Responses

All-New MG RX5 Displays Strength, Technology, Comfort

The all-new MG RX5 marks the debut of the second generation of this popular SUV, demonstrating the British-born brand’s dedication to diversifying its lineup with a sporty new model. The new vehicle is now available in Nigeria at Stalli...

July 20, 2024 No Responses

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks. In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...

July 17, 2024 No Responses

Auto Stakeholders Commence Exhibition Of Made-In-Nigeria Vehicles

The Nigeria Automotive Industry Stakeholders Conference, anchored by Value Plus Creation and Data Technology Managers in collaboration with the National Automotive Design and Development Council (NADDC), on Wednesday, 17th July, 2024, commenced profiling...

July 16, 2024 No Responses

NDDC Boss Harps On Effective, Professional Workforce

Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the importance of an effective and professional workforce duly equipped with skills and well-motivated by sustainable wages to drive the Commission’s efforts to...