Economy – Page 109 – City Business News

August 7, 2024 No Responses

CBN Approves Merger Of Unity, Providus Banks

The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank Plc and Providus Bank Limited. In a statement on Tuesday, CBN through its acting Director of Corporate Communications, Hakama Sidi-Ali, explained that the move is designed to...

August 7, 2024 No Responses

At SPE NAICE Conference, Seplat Energy Harps On Energy Security In Nigeria

August 6, 2024 No Responses

NDDC Unveils Internship Scheme For 10,000 Youths

The Chairman, Governing Board of the Niger Delta Development Commission, NDDC, Mr. Chiedu Ebie, has formally launched the Commission’s Youth Internship Scheme for 10,000 young people of the Niger Delta region.Speaking at the rollout ceremony in Port Harcourt...

August 6, 2024 No Responses

Court Stops Sale Of Nigeria Air To Ethiopian Airlines

The Federal High Court sitting in Lagos has declared null and void the sale of Nigerian Air Ltd to Ethiopian Airlines Justice Ambrose Lewis-Allagoa in his judgment stopping the sale ordered that the proposed establishment of a national carrier-Nigeria Air,...

August 5, 2024 No Responses

‘Looted Bags Of Rice Funded With N2b By Edo Govt‘

The Chairman of Christian Association of Nigeria (CAN), Edo State Chapter, Apst. Gen. Dr. Irekpono Omoike said the vandalized residence where bags of rice were looted by hoodlums in Urora, in Ikoba-Okha Local Government Area of Edo State is owned...

August 4, 2024 No Responses

Full Text Of Tinubu’s Address To Nigerians

BROADCAST BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE NATIONWIDE PROTESTDATE: SUNDAY 4TH AUGUST 2024My fellow Nigerians,1. I speak to you today with a heavy heart and...

August 4, 2024 No Responses

Kano Govt Relaxes Curfew

The Kano State Government has relaxed the curfew imposed on the state following the violence that trailed the #EndBadGovernance protests. In an audio message released on Saturday, the state Commissioner for Information, Baba Dantiye, explained that the curfew ...

August 3, 2024 No Responses

Tinubu To Address Nigerians

President Bola Tinubu will address the nation in a broadcast on Sunday, August 4, 2024, at 7:00 am.Television, radio, and other electronic media outlets are enjoined to plug into the network services of the Nigerian Television Authority (NTA) and the...

August 3, 2024 No Responses

Okomu Oil Palm Donates Relief Materials To Victims Of Attack

As part of its commitment to support neighbouring communities, management of Okomu Oil Palm Company Plc has donated relief materials to victims of attacks on Okomu community, which led to the destruction of the Edo State Security Network base in Oko...

August 3, 2024 No Responses

Capital Market Investors Recover N219b

The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidel...

August 2, 2024 No Responses

IGP Puts Officers On Red Alert

The Inspector General of Police (IGP), Kayode Egbetokun, has disclosed that a policeman was murdered while on duty during the nationwide protests on Thursday. Briefing Journalists on Thursday in Abuja, the IGP explained that some of his men were also...

August 2, 2024 No Responses

Obaseki Addresses Edo Protesters, Insists On Peaceful Demonstrations

The Edo State Governor, Mr. Godwin Obaseki, on Thursday, addressed protesters within the Benin metropolis in the wake of the nationwide #EndBadGovernance protests by citizens to express displeasure over the difficult living conditions, arising from various pol...

August 2, 2024 No Responses

Shareholders Lose N235bAmidst Nationwide Protest

The Nigerian stock market on Thursday, August 1, 2024, lost N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. At the end of the day’s transactions, the market capitalisation reduced to N55.278 trillion from an op...

August 1, 2024 No Responses

National Assembly Increases CBN Ways And Means Loans To FG

The Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government. The upper chamber of the Nigerian legislature...