Information – Page 170 – City Business News

January 11, 2024 No Responses

Blue Economy: The Role Of Academia, By Jamoh

The academia has a major role to play in the development of the Blue Economy in Nigeria, Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh has said Dr Jamoh, who stated this during a courtesy...

January 10, 2024 No Responses

Firm Gets $716m Contract For 15 Petrochemical Carriers

South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers. According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockya...

January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...

January 10, 2024 No Responses

Archbishop Martins Decries Renewed Plateau Killings, Kidnappings

The Catholic Archbishop of Lagos, Most Rev. Alfred Adewale Martins has said that the renewed wave of killings and kidnappings in Plateau State and other parts of the country by terrorists suggests that the government is gradually losing the battle...

January 10, 2024 No Responses

283,003 Lagos Residents To Receive N25,000 Each From FG

Not less than 283,003 Lagos residents are to receive N25,000 each from the Federal Government under it conditional cash transfer scheme. The National Programme Manager of the National Cash Transfer Office (NCTO) in Abuja, Dr. Michael Ajuluchuku, explained on T...

January 10, 2024 No Responses

Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....

January 9, 2024 No Responses

Jetour Penetrates Abuja, Excites Residents

Jetour, the new kid on the block in the Nigerian auto market, was a cynosure of all eyes in its debut at the just concluded Abuja Auto Fair.The ‘Big Boys’ of Abuja, the nation’s capital, were excited about the different...

January 9, 2024 No Responses

Emefiele: EFCC To Appeal N100m Fine

The Economic and Financial Crimes Commission (EFCC) is to appeal N100milion fine imposed on it by the Federal High Court, Abuja, over the violation of the rights of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. ...

January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation c...

January 9, 2024 No Responses

UBA Surpasses N1 Trillion Market Capitalisation Mark

United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...

January 9, 2024 No Responses

Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’

The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs. An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...

January 9, 2024 No Responses

Pope Urges Global Ban On Surrogacy

POPE Francis called Monday for a global ban on surrogacy saying the practice of a woman carrying another person’s child was “deplorable”. In his New Year’s address to diplomats at the Vatican, the 87-year-old pontiff said it was a “grave...

January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...

January 8, 2024 No Responses

NDLEA Intercepts Hard Drugs From US

The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of ‘Colorado’, a very strong strain of cannabis, concealed in boxing kits imported from the United States of America. Disclosing this in a statement on Sunday, NDLEA spokesman, ...