Economy – Page 219 – City Business News

May 10, 2022 No Responses

Transcorp Hotels Declares N7.04b Revenue, N1.067b Profit Before Tax In Q1

For the 2022 First Quarter (Q1), Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc. (Transcorp Group) has declared 77.4 per cent growth in revenue to N7.04 billion from N3.97 billion in the same period in 2021. The hospitality company which owns...

May 10, 2022 No Responses

17 Ships Discharge Petrol, Wheat, Frozen Fish, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Monday said 17 ships had arrived Lagos Ports and were discharging petrol, bulk wheat, frozen fish, bulk salt, butane gas, bulk sugar and ethanol. The authority said 25 other ships were also expected to...

May 9, 2022 No Responses

DMO Offers Two FGN Bonds For Subscription

The Debt Management Office (DMO), on Monday announced the offer of two more Federal Government of Nigeria (FGN) bonds for subscription. The first offer is a two-year FGN savings bond which will be due on May 18, 2024, at...

May 9, 2022 No Responses

Osinbajo: Africa Must Produce What It Eats

Vice-President Yemi Osinbajo on Monday challenged Africa to produce what it eats and reduce its dependence on external countries. Osinbajo made the call at a conference of Speakers and Heads of African Parliaments holding in Abuja. He said...

May 7, 2022 No Responses

Aviation Minister Appeals To Domestic Airlines On Planned Operations Shutdown

The Minister of Aviation, Sen. Hadi Sirika, has appealed to Nigerian airlines to suspend the planned shutdown of operations from Monday over the high cost of aviation fuel from N190 to N700 per litre. Sirika, who made the appeal...

May 7, 2022 No Responses

Minister Advocates Grants, Tax Holidays For Creative Industry

Minister of State for FCT, Dr Ramatu Aliyu, has solicited various waivers, grants, tax holidays, rebates and other related incentives as part of measures to boost the creative industry. Aliyu made the call while delivering a lecture at the...

May 6, 2022 No Responses

NPA Receives 14 Ships Laden With Petrol, Frozen Fish, Wheat, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Friday said 14 ships had arrived the ports and were waiting to berth with petrol, frozen fish, bulk salt, bulk wheat, base oil, ethanol and bulk sugar. According to NPA, 20 other ships had...

May 6, 2022 No Responses

Benue Assembly Approves Ortom’s N41.39b Loan Request

Benue House of Assembly on Friday approved request of Gov. Samuel Ortom’s loan of N41.39 billion for payment of salary, pension and other emolument arrears. The approval followed a letter of request from the governor to the Assembly which...

May 6, 2022 No Responses

Seaport Offers Incentives To Reduce Vessel Emissions

To reduce vessel emissions, Canada’s Halifax Port Authority (HPA) has joined the World Port Climate Initiative (WPCI) as an incentive provider with the International Association of Ports and Harbours’ (IAPH) Environmental Ship Index (ESI). The HPA joined t...

May 6, 2022 No Responses

AfDB Secures $15.6b For Lagos-Abidjan Highway Construction

The president, African Development Bank (AfDB), Dr Akinwumi Adesina says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agenc...

May 6, 2022 No Responses

NDIC Begins Verification Of Depositors In Three Failed Micro-Finance Banks

The Nigeria Deposit Insurance Corporation (NDIC) is to commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twit...