Citybusinessnews Archives — Page 77 of 87

October 28, 2022 No Responses

FBN Holdings Declares N91.2b Profit In Q3

For the third quarter ended September 30, 2021, FBN Holdings (FBNH) Plc has declared a profit after tax (PAT) of N91.2 billion, amounting to a growth of 123.6 per cent when compared with N40.8 billion achieved in the comparative period of...

October 27, 2022 No Responses

Grimaldi Secures Order For Five Car Truck Carriers

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...

October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States. According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...

October 27, 2022 No Responses

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its E...

October 27, 2022 No Responses

Family Seeks Justice Over Alleged Removal Of Dead Child’s Body Parts

The family of Mr. Promise John has petitioned the Police Command in Delta over the alleged removal of some parts of their dead child in a hospital in Asaba. The News Agency of Nigeria (NAN) reports that the alleged...

October 25, 2022 No Responses

US Coast Guard Lauds NIMASA

The United States Coast Guard, USCG, through Captain Brian Lisko of the US Department of State has commended the efforts of the Nigerian Government to suppress criminality in Nigeria’s maritime domain and by extension the Gulf of...

October 25, 2022 No Responses

Meshioye Emerges 11th President Of MAN

A businessman, Otunba Francis Meshioye has emerged 11th President of the Manufacturers Association of Nigeria (MAN). A statement issued on Monday by the association’s Public Relations Officer, Mrs Omotayo Okewunmi, explained that Meshioye was elected a...

October 16, 2022 No Responses

Sanwo-Olu Increases Students’Bursary By 100 Per Cent

Lagos State Governor, Babajide Sanwo-Olu has approved an increment of 100 per cent on bursary payable to students of Lagos State origin in tertiary institutions across the country. The Executive Secretary, Lagos State Scholarship Board, Mr Abdur Rahaman L...

October 16, 2022 No Responses

NCS: National Award To C-G, Three Others, Evidence Of Customs Efficiency

The recent conferment of National Honours on the Comptroller-General, retired Col. Hameed Ali and three officers is an evidence of Nigeria Customs Service (NCS) efficiency. The National Public Relations Officer of the service, Deputy C...

October 16, 2022 No Responses

Romeo Oriogun’s Nomad Wins The Nigeria Prize For Literature

The Advisory Board for The Nigeria Prize for Literature, sponsored by Nigeria LNG Limited, has announced Nomad, authored by the poet, Romeo Oriogun, as the winner of the $100,000 prize for the 2022 cycle on Poetry. Professor Akachi Adimora-Ez...

October 1, 2022 No Responses

Concession Agreement: NPA Conculdes Report, Seeks FG’s Approval

The management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be submitted to the Federal Ministry of Trans...

September 28, 2022 No Responses

Lagos Disburses N1.56b As Grants To 3,673 Businesses

Lagos State Government through the state Employment Trust Fund has supported 3,673 businesses with the sum of N1.56 billion as grants. Gov. Babajide Sanwo-Olu of Lagos State made this known at the Lagos Chamber of Commerce and Industry (LCCI)/Lagos Economic....

September 21, 2022 No Responses

Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

President Muhammadu Buhari addressed the UN General Assembly on Wednesday for the last time as Nigeria’s leader. In his farewell speech, he told the global body that his administration was determined to entrench a process of free, fair, transparent and...

September 21, 2022 No Responses

Cross River Concessions Cocoa Processing Plant

Cross River Government has concessioned the ultra-model cocoa processing plant in Ikom, Ikom Local Government Area of the state to a private firm, AA Universal Agro Industries Ltd. The Governor, Prof. Ben Ayade, explained during the handover in Calabar....