Information – Page 209 – City Business News

July 26, 2023 No Responses

NGX Group Declares Interim Dividend

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the...

July 26, 2023 No Responses

NDDC Boss Harps On Partnership, Investment Opportunities Beyond Oil

The Niger Delta Development Commission (NDDC) is focused on deepening partnerships and promoting investments to secure the future of Niger Delta people in the years beyond oil-driven economy, Managing Director, Dr. Samuel Ogbuku, has said. Speaking durin...

July 25, 2023 No Responses

Edo Based Ethanol Refinery Targets $29m Per Annum

The Greenhill Ethanol Plant in Ologbo, Ikpoba Okha Local Government Area of Edo State, has been projected to meet 5.8 percent of Nigeria’s ethanol needs and rake in about $29 million in revenue yearly at full capacity. The projections were...

July 25, 2023 No Responses

Nigeria, Benin Republic To Tackle Multiple Taxes On Transit Cargoes

The Nigeria Customs Service (NCS) and the Benin Republic counterpart on Monday agreed to address the multiple taxes on transit cargoes along the ECOWAS corridor. They also agreed to harmonise the import prohibition policy to ensure that whatever was banned...

July 24, 2023 No Responses

NDLEA Impounds N3.7b Tramadol At Lagos Airport

The National Drug Law Enforcement Agency (NDLEA) has impounded over five million pills of Tramadol worth N3.7b. In a statement on Sunday, the agency’s Director, Media, and Advocacy, Femi Babafemi, disclosed that the seizure was achieved through the collabora...

July 24, 2023 No Responses

Lagos: 103 Dead EndSARS Victims Not From Lekki Tollgate

The Lagos State Government, on Sunday responded to a leaked memo revealing its approval of N61,285,000 for the mass burial of 103 victims of the #EndSARS protest against police brutality in 2020. The state government said contrary to what it...

July 24, 2023 No Responses

Why Edo Govt Can’t Fix Benin-Auchi, Benin-Sapele, Other Roads, By Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the state government cannot intervene in fixing the Benin-Auchi and Benin-Sapele Roads because the Federal Government has already awarded contracts for the repair of the roads. Obaseki disclosed this to jour...

July 23, 2023 No Responses

Edo To Meet Stakeholders On Regulation Of Petrol, Gas

The Edo State Government is to meet with stakeholders on Thursday, July 27, 2023, as part of steps to implement the Benin City and Edo State Regional Development Masterplans. In a statement, Commissioner for Physical Planning, Housing, Urban and Regional ...

July 23, 2023 No Responses

Bidding Begins For South Korea’s Flagship Carrier

The bidding process for the privatization of South Korea’s flagship carrier HMM has been launched in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development B...

July 23, 2023 No Responses

Be Security Conscious, Osun Governor Counsels Residents

Governor Ademola Adeleke of Osun State has advised Osun residents to be security conscious even as he assured that his administration has taken security precautions to secure the state. In a message to people of Osun state on Saturday, Governor...

July 21, 2023 No Responses

FIRS Rakes In N5.5Trillion In Six Months

The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. A statement issued by Johannes Oluwatobi Wojuola, Special Assistant to the Executive Chai...

July 21, 2023 No Responses

Shippers’ Council Visits Apapa LG, Seeks Collaboration

The management of Nigerian Shippers Council (NSC) has paid a courtesy visit to the Chairman of the Apapa Local Government, Idowu Adejumoke Senbanjo, to explore enhanced collaboration on smooth access to Apapa Ports roads. Speaking during the courtesy visit, th...

July 21, 2023 No Responses

India Bans Rice Exports

India has outlawed the export of non-basmati white rice in an attempt to ward off looming domestic price spikes. BBC report that heavy rains have hurt crops in the country and rice prices have risen by more than 11% over...

July 20, 2023 No Responses

Shell Partners Firm On Maritime Decarbonisation

United Kingdom design and engineering consultancy company Houlder and Shell International Trading and Shipping Company Limited (Shell) have agreed to work together to identify, evaluate, and further develop solutions to accelerate the decarbonisation of the ma...