Information – Page 317 – City Business News

November 4, 2022 No Responses

Manufacturers Seek End To forex, Energy Crisis

The Manufacturers Association of Nigeria (MAN), on Thursday, tasked the Federal Government and monetary authorities to address the foreign exchange and energy crises responsible for the unfavorable movements in manufacturing indicators. Mr Segun Ajayi-Kadir, Director-General, MAN, made the call at...

November 4, 2022 No Responses

NPA Approves Five Export Terminals

The management of Nigerian Ports Authority (NPA), on Thursday, presented operational licences to five Export Processing Terminals (EPTs) to scale-up exports in the country. The five export processing terminals licensed are: Diamondstar Port and Terminal ...

November 4, 2022 No Responses

Buhari Salutes Femi Otedola At 60

President Muhammadu Buhari has rejoiced with renowned businessman and philanthropist, Femi Otedola, on his 60th birthday on November 4, 2022. In a congratulatory message issued by his spokesman, Mr Femi Adesina, on Thursday, Buhari joined fami...

November 4, 2022 No Responses

Market Capitalisation Drop By N25b

The equity market extended losses on Thursday as the market capitalisation shed N25 billion or 0.10 per cent to close at N24.094 trillion from the 24.119 trillion on Wednesday. Similarly, the All-Share Index dipped by 46.32 points or 0.10 per...

November 4, 2022 No Responses

Pirelli Ups 2022 Sales View As Pricing, Product Mix Give Boost

Italian tyremaker, Pirelli on Thursday lifted its 2022 sales forecast after third-quarter figures came in above expectations, citing the resilience of its business model and measures put in place against market volatility. The manufacturer...

November 4, 2022 No Responses

Sterling Bank Reaffirms Commitment To Agriculture

Chief Executive Officer (CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman has said the bank is ready and willing to invest more in Nigeria’s agricultural sector, having invested more than N100 billion; a figure that represents about 15 percent of...

November 3, 2022 No Responses

Lagos Seeks Integrated Approach To Transportation Planning In Africa

Lagos State Government has advocated a comprehensive, sophisticated and more integrated approach to transport planning in Africa, to achieve an efficient, equitable and environmentally sensitive system. The state’s Commissioner for Transportation, Dr Frede...

November 3, 2022 No Responses

Geely’s Zeekr Plans Electric Vehicle Sales In Europe

Zhejiang Geely Holding Group’s premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr’s CEO said. Zeekr joins a growing list of Chinese automakers looking to launch or expand...

November 3, 2022 No Responses

Toyota Seeks Govt Support, Tax Break

Toyota Motor Corporation president, Akio Toyoda on Wednesday raised the issue of tax breaks in a meeting with Japanese Prime Minister, Fumio Kishida. The pair’s meeting came after Kishida said he wanted to exchange views with auto industry leaders ...

November 2, 2022 No Responses

NPA Inaugurates Export Processing Terminal In Lagos

The Nigerian Ports Authority (NPA), on Tuesday, inaugurated export processing terminal, Diamond Star Export Processing Terminal in Lagos. The terminal situated at Lilypond in Ijora, would ensure speedy and seamless processing of export cargoes accessing ...

November 2, 2022 No Responses

Blue Economy Takes Centre Stage As NIMASA Organizes Senior Management Strategy Session

As part of efforts to review performance and strategize to achieve its mandate the Management of the Nigerian Maritime Administration and Safety Agency, NIMASA has organized a 3-day Management strategic session. Speaking during the opening of...

November 1, 2022 No Responses

Reps Panel Accuses Oil Firms Of Tax Evasion

The House of Representatives ad hoc committee investigating the structure and accountability of the Joint Venture (JV) businesses and production sharing contracts (PSCS) of the Nigerian Petroleum Corporation (NNPC) has accused oil companies of tax evasion.&nbs...

November 1, 2022 No Responses

Grimaldi Welcomes 12th Hybrid RoRo Ship

Italian shipping company Grimaldi Group has taken delivery of the twelfth hybrid roll-on/roll-off (RoRo) ship of the Grimaldi Green 5th Generation (GG5G) class from the Chinese Jinling shipyard in Nanjing. According to World Maritime News, the vessel Eco...

November 1, 2022 No Responses

LIRS Boss Lauds Tinubu, Sanwo-Olu, Staff

The executive chairman of the Lagos State Internal Revenue Service, LIRS, Mr Ayodele Subair has attributed the success of the unprecedented tax revolution being witnessed in the state, where about 70 per cent of its income is internally generated, to...