Citybusinessnews Archives — Page 74 of 75

April 30, 2022 No Responses

Flour Mills Secures Approval To Acquire 76% Stake In Honeywell

Flour Mills of Nigeria Plc (FMN) has obtained the required regulatory approvals to acquire 71.69 per cent stake in Honeywell Flour Mills Plc (HFMP), formerly a portfolio company of Honeywell Group. The company made this known in a statement by...

April 30, 2022 No Responses

Ministry Tasks LADOL On Local Content, Youth Employment

The Permanent Secretary, Ministry of Transportation, Dr Magdalene Ajani, has urged the Lagos Deep Offshore Logistics Base (LADOL), to promote local content and youth employment. Ajani, in a statement said this was in furtherance of the Federal Governmen...

April 30, 2022 No Responses

20 Pension Fund Administrators Meet Deadline For N5b Minimum Capital

Twenty Pension Fund Administrators (PFAs) met PenCom’s deadline to increase their Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion by April 27. Pension Commission (PenCom) made the declaration in a statement it issued in Lag...

April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...

December 2, 2019 No Responses

Dangote Refinery Takes Delivery Of Crude Refining Equipment

The Dangote Oil Refinery Company on Sunday took delivery of what it described as the world’s largest crude distillation equipment. Capt. Rajen Sachar, Head, Maritime and Ports Infrastructure of Dangote, told newsmen at the arrival of the equipment in Lagos.....

October 8, 2019 No Responses

Photo News

Minister of State for Transportation, Senator Gbemisola Ruqqayah Saraki (middle) in a photograph with some women in the maritime sector (from right), Dr. (Mrs.) Felicia Mogo, Mrs. Chinwe Ezenwa, Mrs. Mfon Usoro, (from left) Mrs. Irene Macfoy, Obiageli Obi and....

October 8, 2019 No Responses

2020 Budget: Debt To Gulp N2.45tri

President Muhammadu Buhari on Tuesday presented a budget estimate of N10.33 trillion for the year 2020 to a joint session of the National Assembly.The President, while giving a breakdown of the budget estimates, explained that Debt service is estimated at...

October 4, 2019 No Responses

Fidelity Bank Unveils GAIM Season 4

Fidelity Bank Plc on Thursday announced the introduction of a new savings campaign in Lagos, as part of concerted efforts to promote the culture of savings amongst Nigerians. The Savings campaign which will ride primarily on digital technologies is one...

September 30, 2019 No Responses

Photo News

From right the DG NIMASA Dr, Dakuku Peterside, MD NPA, Hadiza Bala Usman, Permanent secretary Ministry of Transportation, Sabiu Zakari, the honorable minister of transportantion Rt. Hon Rotimi Amaechi, the Minister of State for Transportation, Senator Gbemi Sa...

September 24, 2019 No Responses

NPA Photo News

NPA Photo News:L-R: The Head of Africa Operations, MAERSK Line’s Global, Ahmed Hassan,the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, Senior Vice President Operations, MAERSK Line’s Global, Kent Hagbarth, during a working visit to...

September 3, 2019 No Responses

SEC To Defunct Afribank Shareholders: Claim Your Dividends

The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme and as well as ensure that shareholders get the benefits of investing...

August 4, 2019 No Responses

Suzuki Cuts Workforce As Sales Sink

Maruti Suzuki India Ltd, has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.The auto industry, which accounts for nearly half of India’s manufacturing output, is going through one of...

July 13, 2019 No Responses

Sanwo-Olu Appoints Segun Fafore As Executive Assistant On Public Relations, New Media

Lagos State Governor, Mr. Babajide Sanwo-Olu has appointed reputation and public relations professional Mr. Olusegun Michael Fafore as his Executive Assistant on Public Relations and New Media. Until his appointment, Fafore was the Consultant-in-Chief of Reput...

May 9, 2019 No Responses

Buhari Reappoints Emefiele As CBN Governor For Second Term

President Muhammadu Buhari has reappointed the Governor of the Central Bank of Nigeria, Godwin Emiefele, for a second and final term of five years.A letter to the Senate seeking Mr Emefiele’s confirmation was on Thursday read out by Senate Preside...