Economy – Page 192 – City Business News

June 3, 2023 No Responses

MTN Is Africa’s Most Valuable Brands

Despite difficult operating conditions, Africa’s most valuable brands have demonstrated resilience and growth in 2023, according to the latest report by leading brand valuation consultancy, Brand Finance. The top 200 brands in Africa have seen a combined year-on-year brand value...

June 2, 2023 No Responses

Onyema Projects More Investment Flows In Nigeria

On the back of the new administration’s readiness to remove the fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home, the Group Chief Executive Officer, Nigerian...

June 2, 2023 No Responses

David Isiavwe: Nigeria Needs More Investment In Infrastructure To Support Electronic Payment Systems

Cybersecurity expert, Dr. David Isiavwe says despite the gains of the cashless policy in Nigeria, implementation is challenged due to inadequate critical infrastructure to support electronic payment systems, particularly in rural areas. Dr. Isiavwe, who ...

June 1, 2023 No Responses

Oil Prices Dip Amid Weak Chinese Demand

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks, triggering fears of an oversupply amid signs of weaker Chinese demand. Reuters report that Brent crude...

May 28, 2023 No Responses

Kaduna, SAA FLAG OFF N100M FARM INPUTS DISTRIBUTION

The Kano State Agropastoral Project (KSADP) and Sasakawa Africa Association (SAA) on Saturday commenced the distribution of farm inputs to farmers across the 44 Local Governments Areas of the state as part of efforts to increase yield per ha, create...

May 26, 2023 No Responses

Shipowners Implore UN Member State On Ambitious Course For 2050

The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...

May 26, 2023 No Responses

2023 Hajj: Air Peace Begins Airlift Of Nigerian Pilgrims

Air Peace has commenced the airlift of Nigerian pilgrims for the 2023 Hajj, a statement issued by the airline has revealed. The statement made available to City Business News on Friday explained that the airline will be airlifting the pilgrims...

May 25, 2023 No Responses

Okomu Oil Shareholders Okay N21 Final Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022. This in addition to the N9 paid as interim dividend amounts to a total of...

May 24, 2023 No Responses

Akwa Ibom Distributes 600,000 Cocoa Seedlings To Farmers

The Akwa Ibom State Government has commenced the distribution of 600,000 cocoa seedlings to farmers for this year’s planting season. The Commissioner for Agriculture, Dr. Offiong Offor, who performed the distribution of the seedlings to farmers in Ini Local ...

May 24, 2023 No Responses

Anambra Declares 33 Per Cent Increase In IGR

THE Anambra Internal Revenue Service (AIRS) has declared increase in the state’s monthly internally generated revenue (IGR) from an average of N1.5 billion to N2 billion. Speaking during an interactive session with Journalists on Tuesday in Awka, the Chairma...

May 23, 2023 No Responses

KABIR MOHAMMED TAKES OVER AS FAAN MD

Kabir Yusuf Mohammed has resumed as the Managing Director/Chief Executive of the Federal Airports Authority of Nigeria. A statement sent to City Business News on Tuesday explained that this follows his appointment by the Federal Government after the expiration...

May 23, 2023 No Responses

Nestlé Appoints Oyebode Board Chairman

The Board of Nestlé Nigeria PLC has appointed Mr. Gbenga Oyebode as the new Chairman of the Board of Directors with effect from May 18, 2023. The appointment announced to shareholders and other stakeholders at the Annual General Meeting of.....

May 22, 2023 No Responses

661 Containers Lost At Sea, Says World Shipping Council

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing positive developments in container safety within the international liner shipping industry. City Business News report that the report covers the year 2022, sho...

May 22, 2023 No Responses

MINISTER COMMISSIONS NIMASA BOATS, SEARCH AND RESCUE BASE CLINIC, OTHERS

The Minister of Transportation, Engineer Mu’azu Jaji Sambo, in Lagos at the weekend commissioned five enforcement boats and four ferries for staff of the Nigerian Maritime Administration and Safety Agency, NIMASA. Also commissioned were newly acqui...